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Top-5 Countries to Retire for the US Citizens

Anastasiia Zapevalova
19 June 2023

When it comes to choosing an ideal retirement destination, US citizens have a variety of appealing options across the globe. Let’s explore five countries that offer the most attractive advantages such as comfortable climate, delectable cuisine, scenic beauty, and affordable living costs.

Portugal: The Gem of Western Europe

Portugal's idyllic climate, rich history, and affordable living make it a top retirement destination. Whatever you like—hiking in the mountains, lounging on the beach, surfing, or visiting historical festivals and art galleries—you will find it here.

Consumer prices in Lisbon are approximately 38% lower than in Washington, DC, while rent is 51% lower. The average cost of living in Portugal ranges from €1,500 to €1,608 per month for a single person, depending on the region. With its warm Mediterranean climate, over 300 days of sunshine per year, and delicious cuisine, Portugal offers a really comfortable and enjoyable lifestyle.

Furthermore, Portugal ranks sixth in the 2022 Global Peace Index, making it one of the safest countries in the European Union.

Greece: A Mediterranean Paradise

Greece entices retirees with its stunning coastlines, picturesque islands, and legendary history. The country's warm Mediterranean climate, vibrant culture, and renowned cuisine offer a truly captivating experience.

The cost of living in Greece is significantly lower than in many other European countries. A sample monthly budget for a single person here includes utilities (€107) and groceries (€205), amounting to a basic cost of living of €890 for a single person. There is also still a chance to obtain a Greek Golden Visa by purchasing a €250,000 property in Athens, offering potential long-term residency benefits. It is crucial to act swiftly if interested in pursuing this route because the minimal purchase prices required for the residency permit applications will double in the Athens region as well as in Thessaloniki, Santorini, and Mykonos in August.

Saint Kitts and Nevis: Caribbean Tranquility and Attractive Citizenship Program

Saint Kitts and Nevis can offer a tranquil and picturesque retirement experience in the heart of the Caribbean. The islands provide visa-free access to 143 countries, allowing them to easily explore the world.

The citizenship-by-investment program offers a starting cost of $125,000 for a single applicant. The cost of living in Saint Kitts and Nevis is approximately 84.12% of the average cost in the US, making it an attractive choice for those seeking an affordable lifestyle. Also, Saint Kitts and Nevis has a zero income tax, meaning living here for more than 183 days a year will result in zero income tax on your local and foreign incomes. The island's pristine beaches, welcoming locals, and Caribbean charm add to their appeal.

Antigua and Barbuda: Beach Paradise and Quality Healthcare

Antigua and Barbuda, another Caribbean gem, offer retirees a citizenship-by-investment program with a starting cost of $100,000 for a family of four or less. The country also boasts zero income tax and the cost of living here is around 87% of that in the US, meaning retirees can easily enjoy a comfortable and affordable lifestyle.

Antigua and Barbuda prioritize healthcare, with a public system accessible by paying 4% of salaries in healthcare taxes.

Moreover, the islands are known for their breathtaking beaches, with a total of 356 beaches to explore. If you love beaches and are willing to pay a little extra for premium facilities, then Antigua and Barbuda is a great option. Whether you prefer secluded coves or lively beachfront, the islands offer a range of options to suit every preference.

Montenegro: Affordable Living Amidst Breathtaking Scenery


Montenegro, situated along the Adriatic Sea, offers retirees affordable living costs and stunning natural landscapes as well as a dose of old-world charm. Several cities here are known for their well-preserved medieval old towns. Budva, Tivat, and Cetijne are great choices for those who like to stroll through the narrow streets and enjoy great-quality coffee in small family-owned cafes while hiding from the heat under the thousand years old walls.

The average cost of living in Montenegro is approximately 65% less expensive than in the United States. Renting a good apartment for two people near the sea can start from €500. The country also offers attractive real estate prices, with the price per square meter averaging €1683. Retirees can relish the beauty of Montenegro's coastline, explore historic sites, and enjoy a relaxed lifestyle.

Selecting the perfect retirement destination involves considering several factors, including climate, food, cost of living, and safety. Each of the listed countries offers distinct advantages that make them highly appealing to US citizens seeking a fulfilling retirement abroad. You are free to choose from Portugal's ocean beaches, Greece's legendary history and cuisine, the tranquil beauty of Saint Kitts and Nevis, the pristine coastline of Antigua and Barbuda, and the old Balkan town vibe of Montenegro.

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