5 Most Affordable Places to Retire in the World

3. Aguascalientes, Mexico

Insider Monkey Score: 42

Average Monthly Rent: $245     

Average Monthly Living Expenses: $1,063

Retirement Visa: Mexico Retirement Visa

Aguascalientes, Mexico, is one of the most affordable places to retire in the country. The city is home to a thriving arts scene, offers affordable and accessible healthcare, and boasts a mild climate. The colonial architecture is well-preserved here which adds to the appeal of the region. Lively festivals, such as the San Marcos Fair, are hosted here as well.  Over 1,500 events take place at this fair, and many of them are free to attend. Aguascalientes is also known for its warm and welcoming community.