5 Cities Outside the US Where You Can Retire for $1.5K a Month and Enjoy Summer Year-Round
When you dream of a perfect retirement, what do you see? Are you imagining a warm, pleasant climate and a healthy bank account? As long as that dream doesn’t require a view of any major American landmarks, you’re in luck. There are plenty of places to retire in the rest of the world that boast summertime weather all year long and cost less than your current American city.
With the cost of living in the United States continuing to tickle the stratosphere, it may be time to consider planning for a retirement abroad. Many countries boast far lower everyday costs than America with high year-round temps to keep you warm, so you can spend your golden years not having to spend.
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1. Penang (George Town), Malaysia
A tropical island vibe? Check. Warm weather all year long? Check. Beautiful coastal living? Check. Monthly expenses that range from $1,000 to $1,500? Definitely check.
As Nomadicrad reported, Penang is an excellent place to settle down for those looking for a dense mix of Chinese and Indian culture, food and daily life – and for those who don’t want to lose their retirement savings while doing so.
2. Medellín, Colombia
If it’s beautiful weather and views you desire, and you don’t wish to spend more than $900 a month on housing, Medellín may be your retirement dream spot. Travel with Zee noted that Medellín features warm weather all year and is extraordinarily budget-friendly.
According to the site, “It’s a place where you can sip world-class coffee in the morning, take the metro-cable up into the green hills by afternoon and be back in time for an arepa dinner with friends."
3. Chiang Mai, Thailand
Looking for a relaxed pace of living, low rent and food costs, and a climate so warm heaters are not even needed? Unearth the Voyage suggested Chiang Mai in Thailand would fit the bill.
Mountains, greenery, cafes, temples – Chiang Mai has it all. The monthly cost of living often falls between $800 to $1,200, depending on one’s lifestyle, making it the perfect place to retire, kick up your feet and bask in the sun.
4. Querétaro, Mexico
Querétaro provides year-round mild weather that reduces both heating and cooling needs, which helps reduce its already very affordable cost of living. The city also has a growing international expatriate population, with the city blending its historic colonial center with surrounding modern business districts, as reported by WhereNext.
5. Da Nang, Vietnam
Digital Nomad GG gave a breakdown on Da Nang that makes it sound like the perfect place for an affordable retirement with an eternal summer. The city’s climate is warm and tropical all year long, and it boasts beach access and plenty of outdoor activities for the active retiree. Also, its cost of living is so low that spending between $900 and $1,500 per month can offer a very comfortable retirement that doesn’t risk blowing your savings.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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