Top 10 Countries with Affordable Retirement Visas

Mexico offers warm weather, diverse living options, and a low cost of living, with places like Cancún and San Miguel de Allende being 51% and 43% cheaper than New York, respectively

Mexico

Ecuador attracts retirees with its beautiful coastlines and expat communities, particularly in Cuenca, where living costs are about 68% lower than in New York. 

Ecuador

Known for its diverse environments and lower cost of living—25% less than in the U.S.—Costa Rica offers great housing deals, particularly in San José, where rents are 83% lower than in New York.

Costa Rica

Portugal's stunning scenery and affordable lifestyle make it a favorite among retirees, with living costs 35% lower than in the U.S. and housing costs around 43% less.

Portugal

With a convenient location and pleasant climate, Panama has a 35% lower cost of living compared to the U.S. The Pensionado visa, requiring a monthly pension of at least $500, offers benefits like discounts and tax exemptions. 

Panama

Vietnam boasts a low cost of living—about 59% cheaper than in the U.S.—and a vibrant expat community, especially in Ho Chi Minh City. 

Vietnam

Vietnam boasts a low cost of living—about 59% cheaper than in the U.S.—and a vibrant expat community, especially in Ho Chi Minh City. 

Vietnam

Montenegro offers breathtaking coastal scenery and a low cost of living, approximately 44% lower than in the U.S. The capital, Podgorica, has rents that are about 75% lower than in New York.

Montenegro

Colombia features a diverse landscape and a cost of living that is about 56% lower than in the U.S., with Bogotá offering rents nearly 90% lower than in New York.

Colombia

Montenegro offers retirees beautiful Adriatic coastlines and a low cost of living, roughly 44% lower than in the U.S. Foreigners can purchase property, and various visa options allow for long-term or permanent residency

Montenegro