What are the 10 cheapest countries to retire



Finding a country other than the one of birth to retire seems like a risky adventureespecially given the lack of knowledge on issues such as cost of living, security, type of culture and purchasing power.

The website specialized in finance GoBankingRates took on the task of analyzing various countries, considered the cheapest, to live in retirement. He later correlated them with some metrics such as cost of living index (goods and services), purchasing power, local services (restaurants, groceries, transportation and public services), and safety index. An increasing number in the index indicates better quality in the category.

10. North Macedonia

The European country had a cost of living index of 31.38; of purchasing power, of 35.44; of cost of groceries, of 26.95; of care quality, of 55.83; and safety index of 59.13. The average rent is $161 dollars.

9. Hungary

The country had a cost of living index of 40.66; of purchasing power, of 51.98; of cost of groceries, of 35.19; quality of care, 55.44; and safety index of 65.71. The average rent is $356 dollars.

8. Poland

The European country had a cost of living index of 38.95; of purchasing power, of 59.95; of cost of groceries, of 32.42; quality of care, 57.76; and safety index of 70.21. The average rent is $492 dollars.

7. Estonian

The country had a cost of living index of 53.68; of purchasing power, of 63.46; of cost of groceries, of 42.29; quality of care, 73.33; and a safety index of 76.18. The average rent is $461 dollars.

6. Portugal

The European country had a cost of living index of 47.94; purchasing power, 46.8; of cost of groceries, of 39.01; quality of care, 71.97; and a safety index of 69.42. The median rent is $656 dollars.

5. Croatia

The country had a cost of living index of 48.94; of purchasing power, of 47.55; of cost of groceries, of 41.98; quality of care, 64.06; and a safety index of 75.87. The median rent is $378 dollars.

4. Malaysia

The Asian country had a cost of living index of 37.02; purchasing power, 55.3; of cost of groceries, of 39.45; quality of care, 70.14; and a safety index of 44.29. The average rent is $290 dollars.

3. Romania

The European country had a cost of living index of 35.24; of purchasing power, of 48.12; of cost of groceries, of 31.38; quality of care, 56.21; and a safety index of 71.21. The average rent is $316 dollars.

2. Slovenia

The country had a cost of living index of 53.88; of purchasing power, of 59.48; of cost of groceries, of 47.71; care quality, 65.25; and a safety index of 77.35. The average rent is $460 dollars.

1. Czech Republic

The European country had a cost of living index of 48.24; of purchasing power, of 66.47; of cost of groceries, of 42.76; quality of care, 75.34; and safety index of 74.46. The average rent is $612 dollars.

Currently only 31% of Americans trust that their savings will last until retirement in the country. This figure could stretch if you live in a more affordable country. If you have not yet started your retirement savings plan, follow these useful tips.

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Source-laopinion.com