This article looks at the 5 best cities where you can retire on $5000 a month. If you wish to check out our detailed analysis on retirement realities, you may go to 25 Best Cities Where You Can Retire on $5,000 A Month.
5. Oslo, Norway
Insider Monkey Score: 30
Average Monthly Rent: $1,319
Average Monthly Living Costs: $3,062
Retirees seeking the perfect harmony of nature’s proximity and urban conveniences can find their retirement haven in Oslo, Norway. The city offers excellent healthcare to individuals. Seniors also have the chance to explore the beauty of fjords, as well as indulge in the many outdoor activities along the way. The country also boasts a strong social system, and residents enjoy a high quality of life here. Expats can retire here through a permanent residence visa after meeting certain requirements.
4. Amsterdam, Netherlands
Insider Monkey Score: 31
Average Monthly Rent: $1,775
Average Monthly Living Costs: $3,972
Amsterdam is appealing to retirees because of the beauty that lies in its picturesque canals, cultural diversity, and relaxed lifestyle. While the city has a relatively higher average monthly rent, the vibrant atmosphere, cultural amenities, and accessible healthcare make up for it. It is quite possible to retire here on $5000 a month. Expats can gain a residence permit to retire to Netherlands.
3. Reykjavik, Iceland
Insider Monkey Score: 32
Average Monthly Rent: $1,623
Average Monthly Living Costs: $3,954
Reykjavik is a beautiful place to retire for seniors in Europe. A permanent residency visa is required to retire to the country. The city attracts retirees due to its vibrant culture, mesmerizing natural beauty, and reasonable living costs. Embracing a leisurely lifestyle, seniors get to indulge in the charm of thermal baths, and live a happening life in this vibrant city. The city is particularly appealing because of its harmonious blend of affordability and cultural richness, and retirees find it manageable to retire here on $5000 a month.
2. Vienna, Austria
Insider Monkey Score: 32
Average Monthly Rent: $1,209
Average Monthly Living Costs: $3,016
From classical architecture to its unique coffee house culture and affordable lifestyle, retiring to Vienna is no less than a dream. Seniors who decide to live here have access to abundant parks, green spaces, as well as excellent healthcare. It also plays host to a variety of community events, festivals, and markets throughout the year. The city’s rich cultural scene, along with its historical charm, makes it an ideal destination for retirees. American expats can gain a settlement permit to retire here.
1. Rome, Italy
Insider Monkey Score: 33
Average Monthly Rent: $1,238
Average Monthly Living Costs: $3,277
Rome tops our list of best cities where you can retire on $5000 a month due to its vibrant history and cultural richness. Retirees get to enjoy some of the most picturesque surroundings in the world, all while relishing its plentiful delicacies. Moreover, they can immerse themselves in the city’s ancient wonders and enjoy the overall sense of happiness that comes with living in this iconic and picturesque destination. All in all, retiring to Rome promises a blend of history, culture, and retirement bliss. Expats can retire to the country through Italy’s Golden Visa program.
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