Which countries are the most favorable for retirement: what are their advantages

By SSPDailyJan 20, 2024 12:07 PMLife
Share:
Which countries are the most favorable for retirement
Which countries are the most favorable for retirement. Source: immigrantinvest.com

There are not many advantages to retiring in the United States. Rented housing costs about $2,000 per month, while the average Social Security benefit for retirees is only about $1,800.

A more affordable option might be to retire in another country. Although this is not suitable for everyone, it will be the right decision for some people, The Motley Fool writes.

The most popular countries where retirees have many advantages are Costa Rica, Portugal, and Greece.

Let's take a closer look at all three.

1. Costa Rica

About 10% of the country's population are foreigners. Part of the attractiveness of this country is its lower cost of living. The average one-bedroom apartment in a large city costs just under $600 per month, while an apartment outside the city costs about $400 per month on average.

Costa Rica boasts one of the best healthcare systems in Central America, and you typically pay about one-third to one-fifth of what you would pay for healthcare in the United States. Prescription drugs are also more affordable in Costa Rica.

2. Portugal

Portugal is not only an incredibly beautiful country that offers everything from beaches to mountains and wide plains but it is also incredibly safe. According to the Global Peace Index report for 2022, the country was recognized as the sixth safest in the world, compared to the United States, which ranked 129th.

It is also more affordable than most US cities for renting a house. The average one-bedroom apartment costs between $650 and $900 per month, depending on whether you live in a smaller or larger city.

Healthcare funded by the Portuguese government is free for all citizens. Although you may have to pay for emergency care, the cost is a small fraction of what you would pay in the United States for similar services.

3. Greece

For those looking for a country filled with natural beauty, rich history, and plenty of sunshine, Greece can be a fantastic choice.

Surrounded by seas, Greece is a Mediterranean paradise with mountains, beaches and stunning scenery all over the country. It is also senior-friendly as half of the country's population is over 50 years old.

It is also a popular retirement destination because of its affordability. The average cost of a one-bedroom apartment is about $450 per month if you live in a big city, or just under $400 per month outside the city.

Healthcare in Greece is also much more affordable than in the United States, and it is becoming a hot spot for medical tourism as more and more people travel to the country specifically for affordable medical procedures.

Top Articles
Remain cautious in decision-making: Chinese horoscope for June 14

Remain cautious in decision-making: Chinese horoscope for June 14

Jun 14, 2024 18:52 PM
The spiritual significance of the white butterfly

What is the meaning of meeting a white butterfly? Mystical and spiritual meaning for success in love, career and better health

Jun 12, 2024 15:23 PM

What is the meaning of itchy left foot? Spiritual meaning and what it can bring to your life

Jun 12, 2024 14:53 PM

What is the meaning of the bird that crashed into the window? Spiritual meanings of the event and the symbolism of the winged ones

Jun 12, 2024 13:37 PM
More News
Representatives of three zodiac signs may experience sudden fame in near future

Representatives of three zodiac signs may experience sudden fame in near future

Jun 14, 2024 22:15 PM
Representatives of three zodiac signs can expect financial windfall

Representatives of three zodiac signs can expect financial windfall

Jun 14, 2024 21:57 PM

Blue smoke coming from the car: causes and solutions

Jun 14, 2024 21:39 PM

Representatives of three zodiac signs may suddenly relocate and change environment

Jun 14, 2024 21:32 PM
Representatives of three zodiac signs will better understand their passions and priorities

Representatives of three zodiac signs will better understand their passions and priorities

Jun 14, 2024 21:08 PM
How to get the most out of eating nuts

How to get the most out of eating nuts: 5 useful tips

Jun 14, 2024 21:03 PM
5 reasons to teach your child to give gifts

Not only to take, but also to give: 5 reasons to teach your child to give gifts

Jun 14, 2024 20:34 PM
Three signs will feel the sense of abundance and gratitude: Chinese horoscope for June 14

Three signs will feel the sense of abundance and gratitude: Chinese horoscope for June 14

Jun 14, 2024 20:14 PM
How to properly care for your cat's coat

6 tips from experts on how to properly care for your cat's coat

Jun 14, 2024 20:05 PM

Opportunities for spiritual growth: Chinese horoscope for June 14

Jun 14, 2024 19:45 PM

How to learn to articulate your thoughts clearly: 4 useful tips

Jun 14, 2024 19:29 PM
Changes in their personal and professional life: Chinese horoscope for June 14

Changes in their personal and professional life: Chinese horoscope for June 14

Jun 14, 2024 19:18 PM
Pros and cons of a duplex apartment

Pros and cons of a duplex apartment: is it worth considering this housing option

Jun 14, 2024 19:03 PM
What to do if your computer won't start

What to do if your computer won't start: useful tips

Jun 14, 2024 18:37 PM
Five zodiac signs may find a fulfilling new hobby to explore this weekend

Five zodiac signs may find a fulfilling new hobby to explore this weekend

Jun 14, 2024 18:26 PM

Should you become a police officer: advantages and disadvantages of this occupation

Jun 14, 2024 18:09 PM

Representatives of three signs might feel interest in learning: horoscope for the second part of the week

Jun 14, 2024 17:56 PM
Three zodiac signs will feel adaptable to change: horoscope for weekend

Three zodiac signs will feel adaptable to change: horoscope for weekend

Jun 14, 2024 17:35 PM
Bass or electric guitar

Bass or electric guitar: what is the difference between them

Jun 14, 2024 17:35 PM
Representatives of the five zodiac signs can expand their social circles and form new connections this weekend

Representatives of the five zodiac signs can expand their social circles and form new connections this weekend

Jun 14, 2024 17:34 PM
Representatives of three zodiac signs will feel an upsurge in confidence: horoscope for second part of the week

Representatives of three zodiac signs will feel an upsurge in confidence: horoscope for second part of the week

Jun 14, 2024 17:09 PM
The best way to work out in the gym

The best way to work out in the gym: with or without a trainer

Jun 14, 2024 17:03 PM

Five zodiac signs will get unexpected news this weekend

Jun 14, 2024 16:39 PM

What is better to use for makeup: foundation or cushion

Jun 14, 2024 16:31 PM
Three zodiac signs will feel a strong pull towards nature: horoscope for the second part of the week

Three zodiac signs will feel a strong pull towards nature: horoscope for the second part of the week

Jun 14, 2024 16:12 PM
Is it worth installing panoramic windows

Is it worth installing panoramic windows: their advantages and disadvantages

Jun 14, 2024 16:00 PM