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Listing The 21 Best Places To Live For Under $1,500 A Month

The World's 21 Best Places To Retire Overseas

Kathleen Peddicord by Kathleen Peddicord
Jul 20, 2020
in How to, Retirement/Living
0
kotor in montenegro view of valley and town

Image Source: iStock/sorincolac

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Yesterday we reminded ourselves of the core promise on the table here.

Specifically, my promise to you in these dispatches, day by day, is 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 35 years doing this, I have thousands of miles of boots-on-the-ground reconnaissance, decades of experience, and countless feedback from expat retirees…

In other words, I have a pretty good idea of your best options.

Right now, I’d identify 21 countries specifically… all places that are affordable, safe, and, frankly, incredibly appealing places to spend time.

Beach havens, Old World villages, exotic escapes—you’ll find them all in one of these 21 overseas Shangri-las:

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. Argentina

From cosmopolitan Buenos Aires to Mendoza wine country… this country is on a comeback track with a stable economy and a remarkably low cost of living…

4. 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…

5. Chile

The ease of First World living, plus easy residency with low hassle. Plus, U.S. dollar holders benefit from significant bargains thanks to favorable currency exchange rates…

6. Colombia

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…

7. Ecuador

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…

8. France

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…

9. Slovenia

The newest entry to our list of the world’s best expat havens is an incredibly safe and cultured European destination whose affordability is only outmatched by its beauty…

10. Malta

Long a favorite expat destination among the British, this Mediterranean island boasts rich culture, stunning vistas, and the easiest (and cheapest) requirements for EU residency.

Plus, English is one of the official languages, so getting settled in is a breeze…

11. Malaysia

Possibly the most welcoming Asian destination… its “My Second Home” program is custom-made for foreign retirees, with tax benefits and property-purchase incentives…

12. Italy

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…

13. Brazil

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

14. 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)…

15. Thailand

Jaw-droppingly affordable and exotic… Thailand boasts an incredible melting pot of expats from around the world…

This “Land of Smiles” is famously welcoming… and its soft-sand beaches are arguably the most stunning in the world…

16. Indonesia

Specifically Bali, where affordable island living is complete with hidden beaches, sea temples, and cliffside wonders… the well-established expat community here would love to welcome you…

17. Montenegro

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…

18. Uruguay

Safe, stable, and tranquil… a great place to raise a family… like the America you remember from your childhood…

19. Vietnam

Truly welcoming people, an unbelievable low cost of living, and another contender for the most beautiful beaches in the world…

This exotic locale is one of the more popular North American expat destinations in Asia…

20. Spain

An established haven for foreign investors and expats with great beaches, markets, restaurants, attractions, and fiestas… we’ve got the intel on the best places for expats and investors…

21. 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…

Kathleen Peddicord

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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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