10 Countries Retirees Are Moving to in 2024 That Aren’t Costa Rica or Mexico
Entering retirement should be exciting, relaxing, and full of adventure. Hopefully, you’ve been saving and investing your money for decades and you’re finally able to call it quits at your 9-to-5 without worrying about money. Entering this new chapter might mean you’re looking for a new kind of life too. Luckily, there’s a whole world out there to explore and find a new home.
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For some, retiring to a new destination can offer new experiences, a chance to downsize, and the ability to assume a more relaxed pace of life.
According to International Living’s Annual Global Retirement Index, Costa Rica has been ranked the world’s No. 1 retirement destination for the third year in a row. If you’re looking for an affordable cost of living, quality health insurance at a low cost, and relaxation in a lush environment, then this might be the place for you. Costa Rica has incredible biodiversity and it’s been ranked as one of the happiest countries on Earth.
Ranked the No. 3 best retirement destination in 2024, Mexico is famously known for its beautiful beaches, incredible food, and rich cultural history. Similarly to Costa Rica, Mexico offers a more affordable cost of living and a lower cost of healthcare. It’s even possible to live luxuriously for less. Natural landscapes like beaches, volcanos, and deserts — as well as urban centers like bustling Mexico City — make this country a prime destination for retirees looking for a diverse array of experiences.
However, there are 10 other countries that retirees are moving to other than Costa Rica and Mexico which offer a high standard of living as well.
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Top 10 Countries For a Comfortable Retirement in 2024
Here are the top 10 countries ranked for a “comfortable retirement,” ranked in ascending order from 1 to 10. Based on data from U.S. News & World Report, each country is ranked by its gross domestic product (GDP), total population size, and GDP per capita (per person):
No. 1: Switzerland
Gross Domestic Product (GDP): $808 billion
Total population: 8.77 million
GDP per capita (per person): $83,598
No. 2: Portugal
GDP: $252 billion
Total population: 10.4 million
GDP per capita (per person): $41,452
No. 3: Australia
GDP: $1.68 trillion
Total population: 26 million
GDP per capita (per person): $62,625
No. 4: New Zealand
GDP: $247 billion
Total population: 5.12 million
GDP per capita (per person): $51,967
No. 5: Spain
GDP: 1.40 trillion
Total population: 47.6 million
GDP per capita (per person): $48,825
No. 6: Canada
GDP: $2.14 trillion
Total population: 38.9 million
GDP per capita (per person): $58,400
No. 7: Sweden
GDP: $586 billion
Total population: 10.5 million
GDP per capita (per person): $64,578
No. 8: Italy
GDP: $2.01 trillion
Total population: 58.9 million
GDP per capita (per person): $51,865
No. 9: Greece
GDP: $219 billion
Total population: 10.6 million
GDP per capita (per person): $36,835
No. 10: Denmark
GDP: $395 billion
Total population: 5.9 million
GDP per capita (per person): $74,005
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