7. Granada, Nicaragua
Retiring to a relatively poor country like Nicaragua might not be for everyone, but the growing expat community in Granada feels they’ve hit the jackpot by moving here. This fairy tale colonial city is flanked by a lake, volcano and mountains, and has sufficient comforts to make for a comfortable, slow-paced life. The amenities aren’t as robust as some other Latin American expat outposts, but neither are the expenses. You can live the good life on a modest budget here. Modern hospitals, shopping and big city offerings are less than an hour’s drive away in Managua.
8. Hoi An, Vietnam
Travelers have long embraced the wonders of Southeast Asia, and now many over-fifties are considering residing here full time. Vietnam has been popping up on “great places to retire” lists, especially its charming smaller communities like Hoi An. Those looking at Thailand as a place to settle might want to check this town out as an alternative. It boasts gorgeous colonial architecture, a vibrant cultural scene and colorful street life. The pretty river walk area is lined with bars and restaurants, and there are inviting beaches a stone’s throw away. You can definitely live well here for less than $1000 per month.
9. Faro, Portugal
If European life is more to your liking, you might want to look in the Algarve region of southern Portugal. It’s popular with tourists and expats, for good reason. The climate offers year-round sunshine and the leisure opportunities are plentiful, whether you like the beach, birdwatching, golf, tennis or drinking wine. There are some relatively affordable independent living communities that cater to seniors. These offer the safety net of onsite support, medical assistance and concierge services. Portugal’s universal health care system is reputable, and it’s safety record is impressive. There are also some good tax breaks for resident foreign retirees worth looking into.
