10 Cheapest Places To Retire

When it comes to the 10 cheapest places to retire, you can choose to go abroad or to remain here in the US area. Naturally, you will find places in Central and South America that are cheap places to retire versus big metropolitan areas in the US. However, there are places to retire in the US that make our list of the 10 cheapest places to retire.

First, cheap places to retire abroad


This country used to be in the news because of political issues but has stabilized and become one of the most beautiful and safest countries in Latin America. It has a very stable, democratically elected government that welcomes retirees from the United States. Its capital is Managua, which is fast becoming a first-class setting. It offers many fine restaurants, malls and shops and entertainment centers. Life in Nicaragua is very inexpensive and it has very flexible laws for imports and exports of goods such as vehicles.


This country is another great choice for retirees due to its beautiful weather, lovely people and pristine beaches. It also offers many outdoor activities. The people are welcoming and, if you can handle it, life can be exciting. It is a large country–the fifth largest in the world–though you won’t see much of it because it is rain forest. Brazil offers wonderful weather. It can become very humid but the temperatures are generally comfortable all year round. In the winter, you usually will not even need a coat to go outdoors.


Retire to this country and you will find yourself in the middle of beautiful, timelessly classic countryside. You will also be able to enjoy an excellent climate and unique Italian housing options. The Italian people are quite friendly and welcoming especially if you choose to embrace the Italian way of life. You will also like the prices in Italy. There are some areas that tend to be expensive but the majority of the country has housing that is priced much lower than the rest of Europe as well as the US. And if you enjoy culture and the arts, spending your retirement years in Italy would be a fabulous idea. Or if you would like to continue working, jobs and Italy are readily available.


You can spend as much as $2 million for a superior home in Rome but in the northern part of the country you can purchase a home for around $95,000. Spain is a good choice for retirement if you want to live in a country that has all of the modern touches but plenty of culture. Spain is very modern with all of the latest technological and medical advantages. Its weather is one of the major reasons to retire to Spain because the seasons do change but you will enjoy most of them. In fact, you can sit in your garden all year round and enjoy a cup of Spanish coffee, as the weather is enjoyable almost all the time.


If you’re interested in a brand-new experience and an exciting adventure, Thailand has much to offer you. It has amazing people, a beautiful landscape and many cultural opportunities to explore. The culture in Thailand is unique and much different then we Westerners are used to. The climate in Thailand is good especially if you’re tired of North American winners. It is a very safe country–with one of the lowest crime rates in the world. If you want to continue working, there are jobs available for visitors. Or you can just relax with activities such as scuba diving and golf. Buying a home or condominium in Thailand is very straightforward and housing is much cheaper than what you would find in the US.


The cost of living in Argentina is much cheaper than here in the US, which is why, many Americans have chosen to retire there. Its culture is full of charm, as one would expect from a Latin American country. The Argentine climate is wonderful, especially if you like sun and sand. Real estate in Argentina is much more affordable than in many developed countries such as the United States. And since much of the country is still rural, you can buy a larger portion of land then you would be able to in the US.

Here are four places to retire in the U.S. that make the list of 10 cheapest places to retire

Missoula, Montana

When a person thinks of places to retire, they may not think of a town in Montana. But in this case, you need to think again. Missoula with the University of Montana and a metro population of 103,000, along with affordable housing and good health care, could be a great place to retire.  It has very little violent crime and is certainly the cultural capital of Montana.  Missoula is the state’s most progressive city and is the home of East Coast transplants, Russian and Tibetan immigrants and other international students.  The median list price of a home in Missoula is an affordable $227,900. Its population is 66,788 – making it an easy place to meet people and to get around in.

Dahlonega, Georgia

This beautiful little city is in the Blue Ridge Mountains 70 miles north of Atlanta. In fact, it was the site of America’s first gold rush. Its name comes from the Cherokee word talonega that actually means gold. Retirees are beginning to flock to this town and there are 500 units now under construction for the 55-and-older crowd. Retirees can bird watch, canoe, horseback ride, attend classes at North Georgia College and State University free of charge. The town also has five local wineries and the historic Holly Theater. The median home value in Dahlonega is 233,100 and the town’s population is 3758

Salida, Colorado

This town, which is 145 miles from Denver and 100 miles from Colorado Springs, is kind of an unknown quantity to many people living in the Denver Metro area. However, for those in the know, is a great place to visit and live. It is bordered on all sides by the snow-capped Rocky Mountains and in the winter is a ski lover’s paradise. The area in which Salida sits is the home of more 14,000-foot peaks than any other county in Colorado. This makes for great outdoor activities in the summer–hiking, biking and camping–as well as skiing in the winter. Salida’s population is 5,348 and its median home value is 185,500–making it a very affordable place to buy property.

Yuma, Arizona

According to the World Almanac Book of Records, Yuma, Arizona has more sunny days than any other place on earth. This, of course, is why thousands of “snowbirds” flock to the area every winter. However, many retirees have chosen to move to Yuma and stay there year ‘round. You will definitely need air conditioning to weather the summers in Yuma but this warm weather comes with a positive – locally-grown vegetables and fruits that are to die for and at very affordable prices. Yuma also has a number of part-time and seasonal jobs for folks who want to augment their social security or pensions. Its population is 84,187 and the median home value is $197,400.

So there you have some ideas of the 10 cheapest places to retire in the world.

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