This article takes a look at the 5 cheapest places to retire abroad on $1,000 per month. If you wish to check out our detailed analysis, you may go to 17 Cheapest Places to Retire Abroad on $1,000 per Month.
5. Chiang Rai, Thailand
Insider Monkey Score: 38
Any list of cheapest places to retire in the world is incomplete without the mention of Chiang Rai in Thailand. This city in Northern Thailand offers retirees a chance to relish coastal beauty, desert landscapes, and an urban environment all in one. From the stunning White Temple (Wat Rong Khun) with its intricate architecture to the serene Black House (Baan Dam) showcasing contemporary art, and the majestic Blue Temple (Wat Rong Suea Ten), there is so much to see and do in this city without breaking the bank.
4. Bukidnon, Philippines
Insider Monkey Score: 40
One of the cheapest places to retire abroad on $1,000 a month is Bukidnon, Philippines. Bukidnon is a landlocked province situated in the Northern Mindanao region. Recently, it’s been in the radar of foreign retirees and adventure travelers alike because of its cool climate, amazing tourist attractions, and cheap cost of living. Revered for its scenic beauty, retirees get to relish its picturesque countryside, lush forests, and majestic mountains. Bukidnon is often considered the right choice for the budget-conscious retiree who appreciate peace and calm. Basic healthcare facilities are available, and retirees can access advanced level of care in the nearby cities such as Cagayan de Oro. Once you are in Bukidnon, make sure to explore stunning attractions like Kibalabag Falls, embark on nature excursions, immerse in the vibrant Kaamulan festival, and indulge in rejuvenating experiences at the province’s diverse wellness retreats.
3. San Miguel de Allende, Mexico
Insider Monkey Score: 43
Next up on our list of cheapest places to retire on $1,000 per month is San Miguel de Allende in Mexico. Offering the best of amenities, healthcare, and culture, this retirement destination checks all the boxes that contribute to a fulfilling retirement experience.
2. Chitré, Panama
Insider Monkey Score: 45
One of the most affordable expat destinations in Panama happens to be Chitre. Full of Panamian culture, the city offers retirees a beautiful golf course, great beaches just outside the city, quality healthcare, and warm temperatures year-round. It is easy to retire in Chitre on $1000 a month, while a budget of $1,500 helps live a better lifestyle.
1. Cebu, Philippines
Insider Monkey Score: 47
Boasting excellent healthcare facilities, delicious cuisines, modern amenities, and a vibrant nightlife scene, Cebu in Philippines is another ideal yet cheap destination to consider retiring to. According to Nomad List, a one-bedroom apartment costs around $300-$400 a month, leaving ample behind to spend on other essentials for retirees.
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