5 Best Places for Canadians to Retire Abroad

This article takes a look at the 5 best places for Canadians to retire abroad. If you wish to check out our detailed analysis on savings perspectives, challenges, and alternatives for Canadians, go to 21 Best Places for Canadians to Retire Abroad.

5. Chiang Mai, Thailand

Insider Monkey Score: 14.9

Retirees are usually drawn to Chiang Mai, Thailand for its affordable cost of living. However, the city offers more than that. Home to beautiful mountains, waterfalls, lakes, and gardens, and parks, Chiang Mai can be a beautiful place to retire to. On average, an individual expat retiree can manage to live comfortably on $1,500 per month.

4. Tuscany, Italy

Insider Monkey Score: 14.9

Tuscany is another popular retirement destination for Canadians. From its stunning natural landscapes to its rich culture and relaxed pace of life, retiring here can be a wonderful experience. The cost of living is affordable as well, and an individual expat retiree needs $2,300 per month (on average) to live comfortably.

3. San Jose, Costa Rica

Insider Monkey Score: 15.1

Located in Central Valley, San Jose is one of the best places for Canadians to retire abroad owing to its active lifestyle, urban amenities, and well-regarded healthcare. Over the year, the temperature typically varies from 63°F to 81°F. On average, an individual expat retiree can manage to live here for $2,000 per month.

2. Montpellier, France

Insider Monkey Score: 16.2

Retirees get to attend schools for over 50, engage with the community, savor gastronomic delights, and enjoy the cultural heritage in Montpellier, France. On average, the monthly cost of living for an individual retiree is $3,000.

1. Algarve, Portugal

Insider Monkey Score: 16.6

One of the best places for Canadians to retire abroad is the Algarve region in Portugal. On average, an individual expat retiree would need $2,000 to live here per month. Excellent beaches, affordable living, and the year-round mild climate make it an appealing destination to retire to. The hottest month in Algarve is July with an average temperature of 24°C (74°F) and the coldest is January at 12°C (54°F).

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