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Listing The 22 Best Places To Live For Under $1,500 A Month

The World's 22 Best Places To Retire Overseas

by Kathleen Peddicord
Aug 29, 2022
in How to, Retirement/Living
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Four of the best places to live including The Algarve, Paris, The Dominican Republic, and Croatia. Best Places To Live For Under $1500 A Month

Day by day in these dispatches, I work to show you that you can reinvent your life for the better and realize the retirement of your dreams on a budget of US$1,500 a month or even less.

In addition and very important, a low cost of living is only the beginning of this story.

When you retire abroad—even part-time—you open the door to adventure, opportunity, and freedom. You not only make it possible to reduce your cost of living. You make it possible to increase (I’d say dramatically) your quality of life.

We live in a great big beautiful world that is bursting with opportunity around every corner.

Please believe me: The life you want is waiting for you out here…

You just need to get up, get moving, and seize it for yourself.

Where in the world might be best for you?

After more than 35 years covering this beat, I’ve logged thousands of miles of boots-on-the-ground reconnaissance across the globe and have engaged one-on-one with countless expat retirees…

In other words, I have a pretty good idea of what you’re looking for… and, as well, where to go to find it.

In that context, I thought today would be a good time to regroup.

Where, specifically, should you be focusing your attention as you search for the best place for you to reinvent your life overseas?

I’d identify 22 countries specifically… all places that are affordable, safe, welcoming, and incredibly appealing places to spend time.

From white-sand beaches to Old World villages and the best locations I know to escape the troubles of the 21st century… here are your best options right now:

1. Belize

An English-speaking Caribbean escape that values independence… this is an adventure wonderland with rain forests, reefs, Mayan ruins, rivers, waterfalls, and white-sand beaches…

2. Portugal

A sunny and surprisingly affordable European destination, and home to our #1 choice for World’s Best Retirement Haven…

This is one of the most popular expat destinations in the world, meaning you could easily get by on English alone..

3. Dominican Republic

A quintessential Caribbean, sand-fringed island nation with a low cost of living and the best values in the region…

This country also boasts one of the best residency and citizenship programs we’ve ever known…

4. Colombia

Park in Sabaneta, Medellin, Colombia
Flickr/Reg Natarajan/(CC BY 2.0)

After years of an unfair stigma, this country is finally emerging as one of the world’s greatest expat and investment destinations…

Specifically Medellín—a European-feel city with a Latin American cost of living… a personal favorite and part-time home for me and my family…

5. Ecuador

Cuenca, Ecuador.
iStock/AlanFalcony

Arguably the most affordable retirement haven in the Americas… a popular retirement haven that boasts colonial cities, great weather, and some of the cheapest coastal real estate found anywhere…

6. France

Sunset on Seine river in Paris
Alamy/JOHN KELLERMAN
Seine River

The world’s best health care, the world’s most beautiful city, and more affordable than you might think, especially thanks to a weak euro.

I can tell you the best value destinations both within and outside of Paris… including the “other” (and more affordable) South of France…

7. Italy

Lovely View from the Cliffside Village Positano, province of Salerno, Italy.
Alamy/Felix Andries

Your dream of la dolce vita is more affordable than you think. Our top regions here are affordable, coastal, and nearby to nearly everything…

In one of our favorite places here, you could ski in the morning and surf in the afternoon…

8. Brazil

Sancho Bay, Brazil. Best Places To Live For Under $1500 A Month
iStock/Christian Herzog

A huge, diverse nation boasting excellent investment opportunity, world-class beaches, and bargain property on the coast…

Check live foreign currency exchange rates here.

9. Mexico

Accessible, affordable, and home to an array of diverse lifestyle options… from the beaches to colonial mountain towns…

This is the most popular overseas haven for Americans, and well more than 2 million U.S. and Canadians live here at least part time (and for a good reason)…

10. Montenegro

Sveti Stefan island, Montenegro. Best Places To Live For Under $1500 A Month
iStock/sorincolac

Another new addition to our list, this coastal nation sits across the Adriatic Sea from Italy… and it’s arguably the most affordable expat haven in Europe.

The British have been coming to its coasts for years, and now we’re introducing it to the rest of the English-speaking world…

11. Panama

The world’s #1 haven when considering lifestyle, retirement, and investment altogether…

This is truly a “do-everything haven,” and it’s where I’ve chosen to call home. From the modern capital city to the Caribbean archipelago, this place has something for everyone…

Stay tuned tomorrow for numbers 12 through 22 on my list of the world’s top retirement havens…

Sincerely,
Kathleen Peddicord signature
Kathleen Peddicord
Founding Publisher, Overseas Opportunity Letter

Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

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