#11 Thailand
You will need an income of roughly $24,000 to live in Thailand, which means the popular tourist destination is perfect for retirement. You will also be able to live virtually anywhere in the region with this income from Chiang Mai to the island of Koh Samui. Monthly living costs can be estimated at $1,000 per month for a comfortable lifestyle.
Thailand
Most areas here are modern and boast of high-quality health care. The mild climate is also quite enjoyable and law enforcement ensures a safe stay.
If you have decided to retire here you will need to apply for a one-year retirement visa and you will need to provide proof of annual income as well as a savings of 800,000 Thai baht at least. You will also have to visit the Thai immigration authorities regularly every 90 days during your stay.
#10 Italy
Italy is well-known for its amazing culture, mouthwatering cuisine, and pleasant weather. But it is a bit less well-known for its general affordability. You can purchase a property here for around $32,000 and if you prefer the option of a monthly rental, you can expect to pay around $600 each month.
Italy
However, the beaches of the Puglia are even more affordable and you will be able to enjoy fresh seafood as often as you want.
Italy does not provide any specific visa for retirement. Therefore, you will need to apply for an elective residency visa. As with most visa applications, you will need proof of income and assets.
In addition to this, you will also need proof that you have health insurance as well as a rental agreement. Once you are an Italian resident, you will be able to purchase health coverage under the local health care system for roughly $400. The price is not too steep, considering Italy’s health care system is ranked second in the world.
