#3 Panama
Panama is home to some of the most affordable and charming locals. While a one-bedroom apartment will cost $1,000 monthly, food is extremely affordable. What’s more, most people speak English and an evening of fine dining at a top restaurant will only cost you about $50 in total.
Panama
You will be able to apply for Panama’s retirement program, which just so happens to be one of the most alluring aspects of retiring in Panama. There is no particular income requirement either, which means you should not find it challenging to acquire a visa. The retirement program is also packed with great discounts and benefits that will help ensure you can get the most out of your retirement funds.
#2 Mexico
Mexico may be well-known for its incredibly thrilling nightlife, although, if tequila shots and late nights aren’t quite your forte on retirement, you would be pleased to know that the region is also a fantastic retirement destination. A small apartment here will only cost you about $200 and you will be able to find one of your favored American outlets here too.
Mexico
You will be able to use your American health insurance here even though you will be crossing the border. Alternatively, you will also be able to manage the affordable health care costs here if you do not have insurance.
It would be best to opt for a temporary visa that would allow you to travel between Mexico and the United States. However, you can also opt for permanent residency.
When applying for your visa you will need to prove an income of about $23,500 annually. Most of the same requirements are relevant when applying for a visa to travel to Mexico.
