Money Saver
Retire Away!
Lower monthly expenses, affordable health care and a change of scenery are lures for Americans to move abroad in retirement. Here’s a sample of the costs of living comfortably in five spots popular with U.S. expatriates
San Miguel de Allende, Mexico
RENT AN APARTMENT: $1,000–$1,300/month
BUY A HOME: $175,000–$560,000
FLY ROUND TRIP: $650–$900
Situated in central Mexico’s high desert, with daytime temperatures ranging from the low 70s to mid-80s, San Miguel de Allende is known for its well-preserved colonial and baroque architecture, as well as a thriving art scene.
Faro, Portugal
RENT AN APARTMENT: $1,400–$3,000
BUY A HOME: $480,000–$700,000
FLY ROUND TRIP: $900–$1,400
This coastal community—the capital of southern Portugal’s Algarve region—is popular with British, German and American expats, thanks in part to its reliable sunshine and beautiful architecture. Attractions include the walled Old Town, a popular municipal market and plenty of fresh seafood for sale.
Playa Coronado, Panama
RENT AN APARTMENT: $1,300–$2,800
BUY A HOME: $265,000–$330,000
FLY ROUND TRIP: $860–$1,000
It’s easy for Americans to feel at home in this beach community about 50 miles southwest of the capital, Panama City. The town has U.S.-style retail and grocery stores, and the U.S. dollar is an official currency. English is widely spoken. For recreation, there are opportunities for golf, tennis, swimming and hiking.
Playas del Coco and Playa Hermosa, Costa Rica
RENT AN APARTMENT: $1,300–$2,100
BUY A HOME: $250,000–$640,000
FLY ROUND TRIP: $800–$1,300
Playa Hermosa, in Costa Rica’s northwestern corner, is residential; Playas del Coco, 15 minutes away by car, has more restaurants and a livelier atmosphere. Both towns offer laid-back vibes and sheltered beaches.
Chiang Mai, Thailand
RENT AN APARTMENT: $600–$2,100
BUY A CONDO: $85,000–$150,000
FLY ROUND TRIP: $1,100–$1,500
Expect at least 20 hours of travel time to reach this city in the north of Thailand. Along with majestic temples and bustling night markets, you’ll find a network of facilities for assisted living, elder-care and dementia care—all at relatively low cost, compared with U.S. prices.
Note: Rent is for a furnished two-bedroom apartment. Purchase prices are for two-bedroom single-family homes or condos. Airfares are from Chicago to a nearby major airport. Prices are as of mid-June.