Mexico
With borders on the Gulf of Mexico and the Pacific Ocean, this is one of those affordable countries that also offers over 6,000 miles of incredible coastline.
Baja California, Cancun, Acapulco, Puerto Vallarta, Rosarita, and La Paz are just a few popular beach areas, and charming fishing villages attract many retirees with lower prices and casual atmospheres.
Mexico’s climate, low cost of living, and reasonable healthcare are also big draws, with rent fees approximately 70% lower than in the US. Becoming a resident is fairly easy.
A monthly income of around $2,000 is required for temporary residence, and if you’re looking for permanent residency, the minimum income is $2,700.
Panama
Offering magnificent beaches, mountains, and a much more inexpensive cost of living than the US, Panama is one of the most affordable countries to live out your golden years.
With how many islands and beaches to explore for those who want a bit more variety, this is one of the quieter, less developed destinations on our list with an appealing characteristic for many seniors.
Surrounded by some of the most breathtaking beaches in the country, Pedasi is our top pick in this nation. It offers twelve beaches, each more beautiful than the next, and for those interested, there are many international surf competitions to up the ante on beach recreation.
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