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Home How to

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

The World's 22 Best Places To Retire Overseas

Kathleen Peddicord by Kathleen Peddicord
Aug 29, 2021
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
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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 MedellĂ­n—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
iStock/Christian Herzog

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

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
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

Tags: 'Belize''Brazil''Dominican Republic''Ecuador''France''Italy'ColombiaexpatsLive abroadlive overseasMexico'MontenegroPanamaPortugalretire abroadretire overseas
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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