5 Cheapest Places to Retire in Europe

4. Vlorë, Albania

Insider Monkey Score: 37.8

Those seeking a relaxed beach lifestyle can explore the unspoiled beaches in the mid-sized city of Vlorë. Vlorë, Albania, is a unique destination for retirement, revered for its coastal location, relaxed lifestyle, and its famous Olive Orchards. An individual can live easily on $600 a month. On average, the cost of living is 43.2% lower than in the United States.