The Strategist

Top-10 countries for pensioners

05/25/2017 - 13:31

Experts from International Living, which provides emigration and relocation services, have compiled their annual Global Annual Retirement Index.

Moving into another country after retirement is a new trend in the world. This is especially popular in the United States. Local pensioners often leave America for cheaper countries, or countries with a more favorable climate. According to official data, the number of American retirees who moved to another country increased by 17% from 2010 to 2015. At the moment, about 400 thousand American pensioners live abroad.

Below are the top-10 countries that are considered the best for living after retirement.

1. Mexico

Mexico came is on the top in this year, as a pensioner can live well for less than $ 1,200 a month in this country. The local population is friendly, and in addition, residents of some areas are fluent in English.

This country, however, may not be very convenient for European pensioners, since it is located on the other side of the globe. Yet, having been registered as a citizen, pensioners here receive discounts on flights by local airlines, discounts in restaurants, grocery stores, and medical care.

Another disadvantage of Mexico is the high level of crime, especially in certain parts of the country.

2. Panama

International Living’s experts describe Panama as a modern, comfortable and tolerant country. In addition, foreigners perceive the local population as VIP, important people, and treat them with great respect and friendliness. In addition, those who lived in cold latitudes usually like Panama’s climate very much: it is a very sunny country with beautiful beaches and tropical climate.

3. Ecuador

Another warm, sunny country, which was included in the list of the best countries for retirees. First, the weather is favorable. In addition, experts note availability of the health care and medical services. Thirdly, pensioners are granted a number of benefits and allowances.

4. Costa Rica

Experts of International Living noted that expats go to Costa Rica with great pleasure, and this country has been taking them for more than 30 years. It is a safe, stable country with a high level of medical care. In addition, as noted by pensioners living there, you can afford to buy fresh food from farmers for only $ 35 per week.

5. Colombia

Colombia is increasingly attracting attention of retirees who want to move abroad. There is a high level of medical care, different climatic zones and, undoubtedly, one of the main advantages is the low cost of living.

Colombia has access to the Pacific Ocean and the Caribbean, there are also mountains of the Andes.

Rental housing with three bedrooms starts at $ 1,250 per month. In some areas, the rent costs up to $ 500 per month.

6. Malaysia

This Asian country is known for its islands, beautiful sandy beaches and virgin tropical forests. It is a multinational country where Malaysian, Chinese, Indian, European and American cultures have merged. The cost of living here is relatively low.

7. Spain

The International Living 2017 calls Spain the best European country for pensioners. Spain is famous for its beaches and warm climate. Small flats can be rented for $ 500 per month, and you can buy such a house for $ 70 thousand, according to data provided by the agency’s analysts. Besides, the largest cities in Spain - Madrid and Barcelona - are much cheaper than London or Paris.

8. Nicaragua

Analysts of International Living note how much the country has changed in recent years, and these changes are undoubtedly for the better. The progress is noticeable everywhere, and life has become much easier not only for the local population, but for foreigners as well, the report says. Experts note a high level of health care. In addition, here you can live well for $ 1,500 a month.

9. Portugal

Portugal borders on Spain and is the second European country in the ranking. Portugal has a mild climate, beautiful beaches on the Atlantic coast. The local population speaks English well.

Lisbon and its suburbs are extremely popular among foreigners. And Porto, the second largest city in the country, is chosen by those who prefer a mild climate.

10. Malta

The smallest European country closes the top ten. Not only Malta beautiful, but is also rich in history and culture. In fact, Malta is a chain of islands located between Sicily and North Africa.

The cost of living here is slightly higher than in the countries listed above. A married couple can expect a comfortable stay worth about $ 2,700 per month. And renting an apartment with two bedrooms will cost about $ 800 a month.