Retire in Paradise: Cheaper Alternatives to Hawaii That Offer Quality Living

San Miguel de Allende, Mexico, offers a convenient and affordable option for retirees, with a large expat community and a high quality of living at a fraction of the cost of U.S. retirement destinations. Mexico City, known for its low cost of living index, provides a much cheaper alternative to residing in the United States. Despite safety concerns in certain regions, many retiree-friendly communities in Mexico offer a secure and welcoming environment. Additionally, Mexico does not impose taxes on retirement income, although retirees are still subject to U.S. government taxation.

Costa Rica emerges as a popular choice for U.S. citizens seeking a retirement destination that is not too far abroad. Renowned for its “pura vida” lifestyle, Costa Rica boasts a cost of living that is significantly lower than that of the United States. The country offers access to modern amenities, quality healthcare, and a lower overall cost of living, allowing retirees to live comfortably on less. With a cost of living index of 54.6 in San Jose, Costa Rica provides a more affordable option compared to Hawaii.

Portugal presents retirees with a European lifestyle at a fraction of the cost of other popular European destinations. With a mild Mediterranean climate, stunning beaches, vibrant cities like Lisbon and Porto, Portugal offers affordable housing, healthcare, and dining options. Retirees in Portugal can enjoy a relatively low cost of living and easy access to travel to other European countries or back to the U.S. for visits. The country’s cost of living index of 51.1 allows retirees to stretch their money further compared to living in Hawaii.

Marion, North Carolina, stands out as a highly affordable location with a high quality of life for retirees aged 55 and above. The area offers a vibrant community, breathtaking nature, and senior communities that cater to independent and assisted living. With a cost of living index of 77.3 and an average house cost of $329,225, North Carolina presents a more budget-friendly option for retirees seeking a comfortable lifestyle.

Oklahoma provides retirees seeking a quieter lifestyle with a lower cost of living compared to Hawaii. With an average home value of $203,455, Oklahoma offers affordability while still providing amenities for an active lifestyle and cultural experiences. The state is recognized for its safety, amenities, and access to top-notch medical facilities, such as Saint Francis Hospital.

Kuala Lumpur, Malaysia, offers retirees a desirable mix of modern amenities, cultural diversity, and natural beauty at a low cost. Cities like Penang and Kuching provide a high standard of living with excellent healthcare, infrastructure, and dining options. With a cost of living index of 34.6 in Kuala Lumpur, and even lower at 32.1 in Penang, retirees can enjoy a comfortable lifestyle without breaking the bank. Additionally, Malaysia’s central location in Southeast Asia allows retirees to explore the region easily in their retirement years.