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6 cheap places to retire abroad

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6 cheap places to retire abroad
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6 cheap places to retire abroad

Over the 20th century, many retirees moved from New England, California and the Midwest to the sunny and sparsely populated Sun Belt, where low taxes and warm weather beckoned. Today, many Americans are moving much farther afield to enjoy a new life at a low cost. Thousands are migrating to Asia, South America, Europe and beyond to stretch their retirement dollars. And foreign countries, eager for the boost to their economies, have taken notice.

With so many nations interested in attracting retirees from abroad, Americans are spoiled for choice. Bankrate uncovers 6 up-and-coming destinations where retirees can easily live on an income of $2,000 a month. In some cases, retirees are already living there for far less. Read on to discover the affordability of housing, food and medical care at these retirement destinations.

RATE SEARCH: Get some interest on your savings starting today by shopping money market accounts.

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