7 Most Affordable Countries To Live and Retire In The World

6. Mexico

Mexico also makes it into this list of the most affordable countries to live and retire in the world. The major reason that this country is also quite cheap to live in is due to three things, namely low rents, low labor costs and low food prices. These three things are expected to remain unchanged for a long time. The great weather in the country means you do not even need to pay for air conditioning or heat. You can bring down your costs further by learning Spanish and eating or shopping where the local people do.