10 Best Places Abroad to Retire on $1,000 a Month Or Less

Retirement should be a time of rest, relaxation, and enjoyment — not a time to worry about finances. With the rising cost of living these days, it might be a smart idea to consider retirement abroad where costs can be much lower. Many Americans are doing just that.

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The Wall Street Journal explained that nearly 450,000 Americans received their Social Security benefits outside the US as of the end of 2021 — that’s up from 307,000 in 2008.

If you have an adventurous spirit and you’re looking for a new life experience, retiring abroad could be good for your soul and your wallet.

Here are the 10 best places around the world to retire for less than $1,000 a month listed in descending order based on the average monthly cost of living with rent, according to The Travel:

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1. Toruń, Poland

Designated as a UNESCO World Heritage site, this eastern European city offers charm, culture, and tranquility.

• Average Cost of Living with Rent: $971

• Population: 198,273

• Reasons It’s Great for Retirees: Low Crime Rate, Affordable Cost of Living, Beautifully Preserved Architecture

• Best Sights: The Leaning Tower in Toruń, Regional Museum in Torun – Old Town Hall, Museum of Gingerbread, Teutonic Castle Ruins

2. Medellín, Colombia

Medellín is most famous for its excellent coffee and boasts a growing expat community.

• Average Cost of Living with Rent: $821

• Population: 2,553,600

• Reasons It’s Great for Retirees: Temperate Weather, Affordable Cost of Living, Excellent Transportation System

• Best Sights: Jardín Botánico de Medellín, Pueblito Paisa, Plaza Botero

3. Pretoria, South Africa

Pretoria is considered one of the most beautiful cities in South Africa. You’ll find yourself surrounded by nature in the Magaliesberg Mountains and along the Apies River.

• Average Cost of Living with Rent: $813

• Population: 741,651

• Reasons It’s Great for Retirees: Close to Nature, Excellent Healthcare System, Rich Cultural Heritage

• Best Sights: Freedom Park Heritage Site & Museum, National Zoological Gardens of South Africa, Nelson Mandela Statue

4. Cuenca, Ecuador

Cuenca features a diverse cultural heritage and outstanding architecture. In 1999, the city’s historic center was listed as a UNESCO World Heritage Site.

• Average Cost of Living with Rent: $801

• Population: 596,101

• Reasons It’s Great for Retirees: Well-developed Healthcare System, Efficient Transportation System, Rich Cultural Heritage

• Best Sights: Calderon Park, Parque Nacional Cajas, Pumapungo Museum

5. Murska Sobota, Slovenia

Murska Sobota is well known for its stunning landscape, lovely countryside and its peaceful community. This is a great city for retirees looking for a relaxed, slow-paced life.

• Average Cost of Living with Rent: $786

• Population: 18,543

• Reasons It’s Great for Retirees: Rich Cultural Heritage, Peaceful Community, Beautiful Countryside, Beautiful Countryside

• Best Sights: Pavilion EXPANO, Murska Sobota Castle, Pomurje Museum of Murska Sobota

6. Timișoara, Romania

Timișoara is famous for its neoclassical architecture, theater, cultural events and museums. This is the place for retirees looking for a more active lifestyle.

• Average Cost of Living with Rent: $777

• Population: 250,849

• Reasons It’s Great for Retirees: Modern Healthcare Facilities, Low Crime Rate, Low Cost of Living

• Best Sights: The Old Town of Timișoara, Victory Square, Liberty Square

7. Chiang Mai, Thailand

Chiang Mai is well known for its large expat community. Surrounded by beautiful nature and historic temples, retirees can lead a fruitful post-working life.

• Average Cost of Living with Rent: $651

• Population: 127,240

• Reasons It’s Great for Retirees: Low Crime Rate, Efficient Healthcare System, Low Cost of Living, Strong Expat Club

• Best Sights: Wat Phra That Doi Kham, Chiang Mai Night Bazaar, Wat Phra Singh Woramahawihan

8. Đà Lạt, Vietnam

Đà Lạt is known for its moderate climate and beautiful countryside. As one of the most scenic places in Vietnam, the city offers a sort of European charm.

• Average Cost of Living with Rent: $539

• Population: 202,124

• Reasons It’s Great for Retirees: Relaxed Atmosphere, Temperate Climate, Low Cost of Living, Low Crime Rate

• Best Sights: Clay Tunnel, Da Lat Night Market, Datanla Waterfall, Crazy House

9. Adana, Turkey

Adana is one of the oldest cities in the world and it’s very close to the Mediterranean Sea. Surrounded by mountains, this city is perfect for retired nature lovers.

• Average Cost of Living with Rent: $511

• Population: 1,779,46

• Reasons It’s Great for Retirees: Low Cost of Living, Modern Medical Facilities, Rich Cultural Heritage

• Best Sights: Great Clock Tower, Stone Bridge, Sabanci Central Mosque, Seyhan Merkez Park

10. El Jadida, Morocco

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Boasting a blend of Morocco and European culture, El Jadida is a famous port city that offers coastal charm and many beautiful beaches. The Portuguese Fortified City of Mazagan, located within the city, was listed as a UNESCO World Heritage Site in 2004.

• Average Cost of Living with Rent: $500

• Population: 194,934

• Reasons It’s Great for Retirees: Low Cost of Living, Mediterranean Climate, Coastal Charm

• Best Sights: Mazagan Beach Resort, La Citerne Portugaise, Plage d’el jadida

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