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The Best Affordable Places to Retire Overseas in 2021

By: Kathleen Peddicord

Bargain retirement spots overseas

One of the greatest benefits of retiring overseas can be the opportunity to enrich your lifestyle while dramatically reducing your cost of living. In many cases, you could decrease your monthly expenses, perhaps significantly, simply by relocating to a new country. Depending where in the world you choose to retire, you could enjoy big savings on housing, dinners out, medical bills, household help and other expenses. There are many tempting locales in Europe, Latin America and Asia where you can live large on a small budget. Here are the 10 most affordable places to retire overseas in 2021.

10. Puerto Plata, Dominican Republic

Monthly budget: $1,660 The Dominican Republic has swaying palm trees, warm, turquoise water and year-round sunshine in abundance. This small nation boasts about 800 miles of coastline, all of it sandy and inviting. While the southeastern coast can be very touristy, the north coast is less trafficked. The Costa Dorada could be the most naturally stunning part of the island, with forested mountains rising behind the white sand beaches, and also the most affordable. The city of Puerto Plata provides resort beach living without typical resort beach costs. You could buy a condo for as little as $100,000 or less.

9. Pedasi, Panama

Monthly budget: $1,600 Panama’s Azuero Peninsula is home to traditional Panamanian culture and folklore. The peninsula is dotted with quaint villages steeped in history and tradition. The gulf coast of Azuero, known as the dry arch, offers some of Panama’s best weather. A constant breeze helps reduce the humidity that can be overwhelming elsewhere in Panama. The waters offshore from Pedasi’s Tuna Coast provide some of the world’s best big-game fishing and opportunities to see the annual migration of the humpback whale. Pedasi is a top beach retirement choice in Panama that is friendly to foreign retirees from throughout the world.