The 5 Best Places in the World to Retire

July 12, 2022
By TAO Mexico

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No matter the location you dream of spending your old age, choosing where to live when you retire is a decision that shouldn’t be taken lightly.

It’s important to consider your options, making sure the place is safe, has good medical care, low taxes, and that it offers you the quality of life you’re looking for.

To try and make this decision to retire a bit less stressful, we’re here to share our list of the 5 best places in the world to retire!

Dominican Republic

This Caribbean country is one of the most popular among retirees, with its low cost of living, pleasantly warm climate all year round, and a fast connection to the United States.

In the Dominican Republic, you have the option to choose between living near urban centers, such as Santo Domingo and Santiago, which are known for their great food and lively entertainment, or settling down near beautiful landscapes and beaches that offer endless activities to enjoy the nature surrounding you.

Additionally, excellent healthcare is available to retirees through medical insurance and private services at affordable prices.

Best places to retire: Dominican Republic

Panama

Panama’s another favorite destination for retirees from the United States and Canada. The country has everything you might need, offering an excellent standard of living with rich culture, retirement communities, a tropical climate all year round, and good costs of living.

It’s a great option to enjoy all that nature has to offer since you can experience life up in the mountains, sunbathe on its beautiful beaches, or attend the many artistic and cultural pop-ups in the cities.

It also has excellent medical services! You can choose between public or private clinics and hospitals at reasonable prices. Most retirees decide to hire a private medical service for its facilities and variety of benefits.

Best place to retire: Panama

Malta

Located south of the Mediterranean Sea, the islands of Malta offer a European lifestyle with hints of Arabic culture, hot and humid climates, quality health care, and plenty of outdoor activities.

Malta’s not the cheapest place to retire, but it’s still significantly cheaper than the United States or Canada, attracting people interested in spending their retirement years in a comfortable environment, surrounded by rich culture and delicious cuisine. It’s one of the smallest countries in the world, with beaches and ancient cities that have made it a favorite destination among foreigners, who currently make up 15% of its total population.

Although it’s not possible to access its free health care service, this country offers affordable and high-quality private insurance options to retirees.

Best place to retire: Malta

Spain

Spain reigns as one of the top countries to retire to, as it has beaches, historic cities, an enormous cultural and artistic wealth, delicious cuisine, and high quality of life with excellent medical care. It's just a very comfortable place to settle down!

It’s possible to live in Spain for an affordable cost that goes down in small cities and goes up when choosing metropolitan centers such as Madrid or Barcelona.

Expats must have private health insurance during their first 5 years of residence, and have a wide variety of options including lab tests and dental consultations.

Best place to retire: Spain

Mexico

And, of course, there’s Mexico, which is always in the top 5 of the best countries to retire, if not the very first!

Its location, diversity of climates, and low cost of living are a magnet for retirees from all over the world.

The beaches, magical towns, and urban cities make this country diverse, offering rich culture and history to its residents that make it simply one of a kind. Access to first-class health services also allows you to have a very comfortable and happy life here!

Its beautiful beaches on the Caribbean and Pacific coasts have become a paradise for retirees, combining natural beauty with rich culture and cuisine, as well as offering many activities to enjoy day and night. 

Best place to retire: Mexico

Do you want to retire in Mexico?

If Mexico’s among your favorite options to retire, at Tao Mexico we’re here to help you get the house of your dreams!

We have exclusive properties in luxury developments located in the top beach destinations in Mexico, such as Puerto Vallarta, Los Cabos, and the Riviera Maya.

Contact us today! We would love to meet you and help you find the perfect property for you to live a dream retreat in Mexico.

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