Uploaded October 2020 | Updated September 2026, 2 weeks ago
Check our list of the 10 cheapest countries to retire and live with a high quality of life.
๐ Best Travel Resources & Personal Consulting
https://linktr.ee/tomblakefinance
-----
๐ต Join The Wealthy Traveler (FREE Guides!)
wealthytraveler.beehiiv.com/subscribe
-----
๐ธ Find Remote Work & Gigs
flexjobs.sjv.io/jrQQ1M
-----
๐ป Top Laptop Side Hustles
thebudgetdiet.com/make-money-with-a-laptop
-----
Ukraine
Ukraine is a great option if you want to live in a safe and extremely affordable country.
Ukraine is also a quite big country, and you will have a number of great options to choose.
From its capital Kiev, to seaside cities like Odesa or towns in the mountains, Ukraine has a destination for every taste.
It is also relatively easy to visit or move to the country. Most Western citizens can visit Ukraine for up to three months without a visa.
Getting a residence permit in the country is also relatively easy, and does not require a huge investment.
Thailand
Thailand is one of the favorite destinations among expats and it is easy to understand why.
Pristine beaches, delicious meals available 24/7 at low rates and a great infrastructure are just some of the advantages of living in Thailand.
The country is also an excellent choice if you want to live in a yearround warm climate, without a long or cold winter.
The flexible Thai Elite visa status grants visas from 5 years for an investment as low as 500.000 Thai baht.
Bangkok is also one of the main transport hubs in Asia, with direct flights to most cities in the continent, as well as Europe and Australia.
Finally, the country is also pretty safe, especially if you considering staying in cities beyond the capital, like Chiang Mai.
Bulgaria
Bulgaria is another excellent option as one of the cheapest countries to retire with a high quality of life.
This country, located in Southeastern Europe has a number of advantages, apart from being one of the countries in Europe with the lowest cost of living.
Colombia
Colombia is a great option to retire, especially if you want to stay near the United States. The country, once known for its high crime rates,
has changed its reputation and is becoming a quite attractive destination for both visiting and living.
Cambodia
Cambodia is one of the cheapest countries to live in the world. It has been gaining popularity during the past years due to its proximity to Thailand, easier visa requirements and improving
infrastructure.
It's capital Phnom Penh is the perfect destination if you enjoy the authentic Southeast Asian lifestyle. The city offers nighttime markets, delicious street foods, and an overall
rock bottom cost of living.
Chile
Chile is another country in South America one should consider if you want to live with a good quality of life, but also on a budget.
Chile is one of the safest countries in South America, and it offers a wide variety of cities and climates for virtually every taste.
Georgia
Georgia is a tiny state in the Caucasus region, between Europe and Asia. Once part of the Soviet Union, Georgia is growing steadily since its independence to become one of the countries
with the best quality of life in the region.
Currently, the country does not have a specific residence permit for pensioners, but if you acquire real estate with a value of 100 thousand USD or more, you will be granted a residence permit.
Malaysia
Malaysia is another option everyone should consider when retiring abroad. The country has a number of advantages that contribute to make up for a great retirement destination, going well beyond its low cost of living.
Malaysia is one of the low budget countries in Asia with the highest prevalence of English speakers together with the Philippines.
Philippines
The Philippines is one of the best country destinations for international visitors, and many opt to move to the country. Dreamlike beaches, low prices and a thriving nightlife are
some of the main factors driving foreigners to this Southeast Asian country.
Hungary
The last country in our list is Hungary. These Central European nation has one of the best value for the money cost of living in the continent.
Its capital Budapest is one of the safest larger cities in Europe, and has excellent transport connections with most European capitals by train and air. There are also direct
flights to the United States and some Asian cities from Budapest.
Check our list of the 10 cheapest countries to retire and live with a high quality of life.
๐ Best Travel Resources & Personal Consulting
https://linktr.ee/tomblakefinance
-----
๐ต Join The Wealthy Traveler (FREE Guides!)
wealthytraveler.beehiiv.com/subscribe
-----
๐ธ Find Remote Work & Gigs
flexjobs.sjv.io/jrQQ1M
-----
๐ป Top Laptop Side Hustles
thebudgetdiet.com/make-money-with-a-laptop
-----
Ukraine
Ukraine is a great option if you want to live in a safe and extremely affordable country.
Ukraine is also a quite big country, and you will have a number of great options to choose.
From its capital Kiev, to seaside cities like Odesa or towns in the mountains, Ukraine has a destination for every taste.
It is also relatively easy to visit or move to the country. Most Western citizens can visit Ukraine for up to three months without a visa.
Getting a residence permit in the country is also relatively easy, and does not require a huge investment.
Thailand
Thailand is one of the favorite destinations among expats and it is easy to understand why.
Pristine beaches, delicious meals available 24/7 at low rates and a great infrastructure are just some of the advantages of living in Thailand.
The country is also an excellent choice if you want to live in a yearround warm climate, without a long or cold winter.
The flexible Thai Elite visa status grants visas from 5 years for an investment as low as 500.000 Thai baht.
Bangkok is also one of the main transport hubs in Asia, with direct flights to most cities in the continent, as well as Europe and Australia.
Finally, the country is also pretty safe, especially if you considering staying in cities beyond the capital, like Chiang Mai.
Bulgaria
Bulgaria is another excellent option as one of the cheapest countries to retire with a high quality of life.
This country, located in Southeastern Europe has a number of advantages, apart from being one of the countries in Europe with the lowest cost of living.
Colombia
Colombia is a great option to retire, especially if you want to stay near the United States. The country, once known for its high crime rates,
has changed its reputation and is becoming a quite attractive destination for both visiting and living.
Cambodia
Cambodia is one of the cheapest countries to live in the world. It has been gaining popularity during the past years due to its proximity to Thailand, easier visa requirements and improving
infrastructure.
It's capital Phnom Penh is the perfect destination if you enjoy the authentic Southeast Asian lifestyle. The city offers nighttime markets, delicious street foods, and an overall
rock bottom cost of living.
Chile
Chile is another country in South America one should consider if you want to live with a good quality of life, but also on a budget.
Chile is one of the safest countries in South America, and it offers a wide variety of cities and climates for virtually every taste.
Georgia
Georgia is a tiny state in the Caucasus region, between Europe and Asia. Once part of the Soviet Union, Georgia is growing steadily since its independence to become one of the countries
with the best quality of life in the region.
Currently, the country does not have a specific residence permit for pensioners, but if you acquire real estate with a value of 100 thousand USD or more, you will be granted a residence permit.
Malaysia
Malaysia is another option everyone should consider when retiring abroad. The country has a number of advantages that contribute to make up for a great retirement destination, going well beyond its low cost of living.
Malaysia is one of the low budget countries in Asia with the highest prevalence of English speakers together with the Philippines.
Philippines
The Philippines is one of the best country destinations for international visitors, and many opt to move to the country. Dreamlike beaches, low prices and a thriving nightlife are
some of the main factors driving foreigners to this Southeast Asian country.
Hungary
The last country in our list is Hungary. These Central European nation has one of the best value for the money cost of living in the continent.
Its capital Budapest is one of the safest larger cities in Europe, and has excellent transport connections with most European capitals by train and air. There are also direct
flights to the United States and some Asian cities from Budapest.
