GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.

Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
What does your dreamretirementlook like?
Are you taking sunset strolls on a beach in the Mediterranean or enjoying cultural and culinary experiences in Asia?
Unlocking your dream retirement doesnt have to come at the expense of your wallet.
In fact, there are dozens of affordable and underrated retirement places abroad.
On average, rent in Uruguay is almost 69% lower than in the United States.
For a one-bedroom apartment in the city, expect to pay under $575 per month.
These low prices are also seen in the food industry in Uruguay.
A three-course meal at a mid-range restaurant for two people is under $50.
This South American country offers a high standard of living, excellent healthcare, and a strong economy.
Malta
Are you looking for a relaxing retirement?
If so, consider Malta.
Malta makes our list because the average cost of living is 24% lower than in the United States.
Would you rather purchase a home?

Cyprus
Cyprus is home to beautiful beaches, exciting nightlife, decadent cuisine and abundant culture.
In addition, it is one of the safest places in Europe, with low levels of crime.
Rent is also 40% lower than in the United States.

Expect to pay around $1,048 for a one-bedroom apartment in the city.
If you are looking for anall-in-one retirement destination, consider Cyprus.
This applies togroceries, transportation, healthcareand going out to eat.

A one-bedroom apartment in the city costs under $387 per month.
Settling down outside of the city results in an average rent price of $236.
If you want more space, a three-bedroom apartment outside the city costs under $482 per month.

Cambodia is experiencing rapid development, but its charm and authenticity remain intact, Qain added.
The cost of living is remarkably low, and the friendly locals make it a welcoming place for retirees.
Philippines
The Philippines is one of themost underrated retirement destinations.
It is known for its natural beauty, welcoming people and beautiful beaches and islands.
The average cost of living is 56% lower than in the United States.
A three-course meal at a mid-range restaurant for two people is under $21.
you’ve got the option to also hop on alocal transportation systemfor a mere 26 cents.
Rent is also 84% lower than in the United States.
A one-bedroom apartment is under $300 in the city.
If you want a larger apartment, consider securing a three-bedroom apartment for only $631 per month!
For our full Privacy Policy,click here.