Every year, International Living releases a list of the best countries for retirement, and their 2023 edition focuses on several key factors.
These include the cost of living, property value, and governmental stability. The report also considers ease of home buying, climate, and healthcare.
Southern Europe and Latin America dominate the list.
Now, let’s turn our focus to Mexico, the leading Latin American country for retirement. First, Mexico offers a variety of living environments.
You can choose from peaceful villages to bustling colonial cities. Each setting provides a unique lifestyle suitable for different types of retirees.
Second, the country makes travel easy. Multiple international airports offer direct flights to the U.S. Additionally, modern highways provide easy access to neighboring regions.
The cost of living is another highlight for Mexico. The report indicates that goods and services tend to be cheaper there.
This affordability extends to important things like housing, healthcare, and food.
In fact, a retired couple can live comfortably on a budget of $2,000 to $2,500 per month, as per the index.
Let’s not forget the top ten countries the report recommends for retirement.
They are Portugal, Mexico, Panama, Ecuador, Costa Rica, Spain, Greece, France, Italy or Thailand, and Colombia.
Latin America and Southern Europe
To give you some background, the Global Retirement Index has been around for many years. It has expanded its focus to include various elements crucial for retirees.
Latin American countries like Mexico frequently feature on this list. This is mainly due to their affordable living costs and diverse climate options.
On the other hand, Southern European nations such as Spain and Portugal also consistently rank high.
Over the years, this index has served as a trusted resource for those planning their retirement.
Each new edition brings updated data for people to consider, making retirement planning easier and more informed.