10 Best Places to Retire under $1,500/Month

Creating a new life overseas can add excitement and new challenges to your retirement as you learn to navigate the local customs and languages. In recent years, more seniors have been considering retirement abroad, and quite a few have actually made the move. According to a survey by International Living, more than 5 million people have retired abroad in the last three years. This is probably because you can have access to great housing, warmer climates, modern amenities, and remarkable healthcare systems, all at a much more affordable price. On top of that, you could decrease your monthly expenses, perhaps significantly, simply by relocating to a new place. There are many tempting locales in Europe, Latin America, and Asia where you can live large on a small monthly budget. So here are 10 places to retire under $1,500 per month. 10. Antalya, Turkey The Turkish Riviera city of Antalya has established itself as one of Turkey's primary tourist destinations, but it's also favored by expats as one of the nicest places to retire in Turkey. This region is also the second most popular place in Turkey for foreign property buyers. You can find people from all over the world living there. It makes Antalya feel quite a global place, less Turkish and more European. Furthermore, you don't have to live in the city itself. There are many smaller coastal towns and villages that have become expat hotspots. And when you have factored in your rent, a residency permit, and health insurance, day-to-day expenses such as utilities and grocery shopping will be very cheap. Additionally, Antalya has one of the best and affordable healthcare systems in the region. 9. Da Nang, Vietnam Da Nang is a clean and modern Vietnamese city and definitely somewhere you should consider if you are thinking of retiring in Vietnam. It benefits from a charming riverfront and close proximity to three different UNESCO World Heritage Sites. These things combine to make it one of the best places to retire in Asia today. It offers a chance to experience a completely different culture, but you can be reassured that there are some Western amenities. A strong expat community live here and you can find some big stores selling some of your favorite brands. Plus, it is a bargain by Western standards. An expat couple can enjoy a good standard of life here on less than $800 per month excluding rent. 8. Santo Domingo, Dominican Republic Santo Domingo is the oldest city in the Americas with more than 500 years of history. It's also one of the region's most affordable places to live or retire well. It is both cosmopolitan and rustic, a city for business and for fun. New glass high-rises share the skyline with centuries old stone cathedrals and a legacy of European culture mixes with a typically Latin tradition of friendliness and flair. Prices are a bargain relative to elsewhere in the region. A reasonable budget for a couple enjoying a high-end quality of life can be as little as $1,000 per month if you own your home. Furthermore, it is a walkable city and public transportation and taxi services are readily available and affordable. Most expats live here without incurring the expense of a car. 7. Tbilisi, Georgia Tbilisi isn't perfect but in many ways it's an ideal base for digital nomads and long-stay retirees alike. Passport holders from more than 95 countries can legally live in Georgia for 365 days without the need for a visa. This can easily be reactivated by crossing a land border. Furthermore, it is an incredibly safe city with a mild year-round climate and a very affordable cost of living. But you don't move to Tbilisi just because the weather is nice and it's cheap. You move here because of the creative vibrancy and the cultural richness, the heritage, and of course the amazing foodie scene. These things combined with the generosity and warmth of the Georgian people are what makes Tbilisi such a wonderful place to live or retire. 6. Penang, Malaysia Penang is a small tropical island off the west coast of Malaysia. Its population is just over 700,000 with a majority of the people living in its capital, Georgetown. The lifestyle in Penang qualifies as both first world and exotic. Its population is a melting pot of cultures and languages but English is widely spoken and foreigners are welcomed in this safe, stable island nation. Beyond the high-rise apartments, it has one of the best-preserved old cities in Asia. Low costs are a big part of the appeal. Almost on the city's doorstep are stylish seaside settlements with palm-fringed sandy beaches and a rainforest backdrop. You can escape for a weekend to swim in the warm, clear sea, play a round of golf, or trek the slopes of Penang Hill. 5. Alicante, Spain Alicante, located along the Mediterranean Sea in southeast Spain, offers a selection of exquisite beaches, wonderful restaurants, dynamic nightlife, and glimpses into its historical past. Reasonably priced dining options range from elegant to casual with fresh seafood, amazing views, and breathtaking sunsets. Affordable housing ranges from $350 to $500 a month. In addition to its stellar public health care system, private health care in Spain is exceptional and affordable with state-of-the-art equipment and highly trained doctors. In short, it is both large enough to provide the amenities of a city and small enough to remain friendly, cozy, and authentic. 4. Nazare, Portugal The geography of Nazare makes it very enticing to retirees and travelers. The fact that it is so close to the ocean, the gorgeous beaches, and the climate make Nazare a spot where you can fully enjoy a land blessed by immense natural beauty. Being a small town, Nazare has a calm lifestyle which helps you easily forget about the bustle of the bigger cities. Here, time moves more slowly, and everything happens naturally with a closer connection to nature and healthier as well. Nonetheless, the cost of living is still very accessible when compared to what we can find in other Portuguese cities. For example, in 2021, it is relatively easy to find a two-room apartment for around $500 a month according to the main real estate agencies. 3. Kangoo, Bali Offering an eclectic combination of modern life and traditional culture, Kangoo is an up-and-coming neighborhood on Indonesia's most popular island, Bali. The long expanses of black sand beaches have some of the world's best surf waves. Pioneering surfers have paved the way for what has evolved into a thriving expat community that is being called the Brooklyn of Bali. Kangoo exists in the sweet spot between traditional and trendy. The climate is warm and tropical, the cost of living is irresistibly low, and much of the local population speaks English. It is a welcoming place to retire with good healthcare facilities and many international schools. 2. Split, Croatia Growing in popularity as a tourist destination, Croatia is also quite attractive as a retirement location. Located in southern Croatia, Split has a little bit of everything – mountains, beaches, parks, jogging trails, and more. Restaurants, bars, cultural and entertainment venues, and many English-speaking residents make it relatively easy to adapt. North American citizens who intend to stay longer than 90 days must apply for a temporary residence permit, which is valid for a year and can be renewed. Permanent residency status is not available until after five years as a temporary resident. Additionally, healthcare is considered adequate and English-speaking doctors are available widely. The average cost of living for a single person in this city is roughly around $1,000. 1. Tulum, Mexico Tulum, the Mexican hotspot of the Caribbean Ocean, is one of the world's best and affordable getaways for the elderly. Globally, Tulum is considered to be one of the best places to retire because it has excellent accessibility to reasonable health coverage, low living expenses, and a very welcoming ambiance, which makes Tulum a magnet for environmentally conscious society. Thus, there is a wide range of fashion boutiques, yoga, and wellness centers in the typical boho style. It also boasts a laid-back way of life, stunningly beautiful sandy beaches, and an exquisite cuisines. Furthermore, it offers good-value condos and homes, means retirees and other expats live by the beach for less. 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