10 Cheapest Places To Retire With Good Healthcare (2024)

Retirees frequently focus on locations that are closer to home when selecting a retirement destination. Even if there is a lot of diversity in the United States, retirement should be planned and well-thought-out. Imagine having the opportunity to retire elsewhere, where retirees may experience different cultures and lifestyles at a cheap cost and good healthcare. Yahoo Finance compiled a list of the cheapest retirement destinations with quality healthcare after evaluating countries based on healthcare costs and comparing them to the US. Scores were assigned based on cost of living. Read on to find the 10 cheapest places to retire with good healthcare.

10 Bogotá, Colombia

Healthcare index: 42 / Cost of living per month: $800

Bogotá is known as a top choice for budget-conscious retirees, providing excellent healthcare alongside a notably affordable cost of living. Recognized for its high-quality medical amenities, the city guarantees retirees access to superior healthcare. Although retirees can utilize the public healthcare system, many opt for private health insurance due to the higher caliber of service. With an average monthly living expense of approximately $800, retirees can effectively manage their retirement finances. Additionally, Colombia's retirement visa program offers streamlined residency options for foreign retirees seeking to settle in the country. Moreover, Bogotá has a diverse cultural landscape, rich historical heritage, and delightful climate, rendering it an attractive option for those pursuing a fulfilling retirement without a financial burden.

9 Valletta, Malta

Healthcare index: 43 / Cost of living per month: $2,000

Valletta, Malta, is an ideal retirement destination, offering retirees access to high-quality and affordable healthcare services. Retirees have the option to use a local plan, but it is usually recommended that they get international health insurance, so they may visit any hospital or physician they want.

Yet, Valletta is famous for its state-of-the-art medical facilities, and retirees can expect excellent healthcare without the steep expenses often associated with other countries. With an average cost of living hovering around $2,000 per month, retirees find the investment worthwhile, given Malta's high living standards. Additionally, a retirement visa is necessary for those wishing to settle in Malta, providing retirees with a straightforward pathway to residency in this picturesque Mediterranean haven, where they can enjoy a fulfilling and healthy retirement lifestyle.

8 Lisbon, Portugal

Healthcare index: 47 / Cost of living per month: $2,000

Lisbon, Portugal, presents an attractive option for retirees seeking both affordability and quality healthcare. With a reputation for excellence, its healthcare system offers top-notch services. It also has a large selection of medical facilities, both public and private. The monthly cost of living is around $2,000 in Lisbon, and it ensures retirees can maintain a comfortable lifestyle without financial strain. Moreover, obtaining a retirement visa is essential for settling in Portugal, streamlining the process for retirees to enjoy the country's rich culture, breathtaking landscapes, and vibrant community, all while accessing reliable healthcare services for a fulfilling and cheap retirement experience.

7 Kuala Lumpur, Malaysia

Healthcare index: 50 / Cost of living per month: $1,200

Kuala Lumpur, Malaysia, is an affordable retirement destination, having an average cost of living of just $1,200 per month. This budget-friendly environment, along with Malaysia's retirement visa program, offers retirees a smooth path to residency. Additionally, Kuala Lumpur features a commendable healthcare system equipped with modern facilities and skilled professionals.

Retirees can access quality healthcare services at significantly lower costs compared to the US, ensuring peace of mind and well-being during their retirement years. Retirees are advised to have private health insurance, particularly for major procedures and medical emergencies. Kuala Lumpur is one of the best choices for retirees seeking one of the cheapest retirement destinations with good healthcare.

6 phu*ket, Thailand

Healthcare index: 51 / Cost of living per month: $1,500

phu*ket, Thailand, has an average monthly cost of $1,500, making it a desirable and cheap retirement location. With Thailand's retirement visa alternatives and this affordable climate, establishing residence is a simple procedure for retirees.

Furthermore, phu*ket has an excellent healthcare system with up-to-date medical facilities and skilled medical personnel. Retirees may obtain high-quality healthcare services at comparatively affordable charges, guaranteeing their well-being and peace of mind during their retirement years. The island also offers seniors looking for a rewarding and affordable retirement lifestyle a lot of advantages, including its affordability, retirement visa opportunities, and a first-rate healthcare system.

5 Fortaleza, Brazil

Healthcare index: 52 / Cost of living per month: $700

Fortaleza, Brazil, is an appealing option for retirees desiring a blend of affordability, quality healthcare, and retirement visa accessibility, offering a compelling combination for a satisfying and budget-friendly retirement lifestyle. Fortaleza is one of the most affordable destinations for retirement, having a remarkably low cost of living at just $700 per month, securing its position as the fifth-cheapest country for retirees with good healthcare.

With its affordable living expenses, retirees can stretch their savings while enjoying a fulfilling lifestyle. Moreover, Fortaleza offers access to quality healthcare services, ensuring retirees' well-being throughout their retirement years. The public health care system, Sistema Unico de Saude (SUS), provides access to health facilities for residents and citizens. Additionally, Brazil provides retirement visa options to settle in the country.

4 Porto, Portugal

Healthcare index: 53 / Cost of living per month: $1,800

Porto, Portugal, is esteemed as a top retirement destination, distinguished by its excellent healthcare system, affordability, and appealing lifestyle. With a modest average cost of living standing at $1,800 per month, Porto provides retirees with financial comfort. The city's reputable healthcare facilities ensure retirees receive top-notch medical care, prioritizing their well-being and reassurance.

Portugal is one of the best European countries for retirement, and it offers private healthcare services at a far lower cost than many other nations. Compared to the US, medicines such as insulin are cheaper in Portugal. Additionally, Porto's appeal is underscored by the availability of retirement visa options, streamlining the process for international retirees to settle down. Collectively, these attributes make Porto an attractive choice for retirees seeking a blend of quality healthcare, affordability, and welcoming residency opportunities for a gratifying retirement phase.

3 Cebu City, The Philippines

Healthcare index: 54 / Cost of living per month: $1,000

Cebu City, the Philippines, offers an ideal retirement destination with its affordability and excellent healthcare services. With a monthly cost of living averaging just $1,000, it stands out as one of the cheapest options for retirees. In addition to its affordability, Cebu City provides access to quality healthcare facilities, ensuring retirees can maintain their well-being without breaking the bank.

Renowned for its picturesque landscapes and vibrant culture, Cebu City offers retirees a fulfilling and economically viable retirement experience. Moreover, the Philippines offers retirement visas, simplifying the process for international retirees to settle in and enjoy the city's charm. After becoming a resident in the Philippines, retirees are required to enroll in PhilHealth, the Philippine Health Insurance Corporation, which includes in-patient and out-patient treatment, rehabilitation, preventative services, diagnostic tests, and other benefits.

2 Penang, Malaysia

Healthcare index: 55 / Cost of living per month: $1,000

Penang, Malaysia, offers retirees an exceptional healthcare system coupled with a cost of living averaging just $1,000 per month, making it a more affordable retirement option compared to the US. Renowned for its top-notch medical facilities and skilled healthcare professionals, Penang ensures retirees have access to quality healthcare services without breaking the bank. Penang offers both private and public healthcare facilities. Private alternatives include private hospitals and clinics that are distinguished by their state-of-the-art facilities and highly skilled staff, while public options include government-run clinics and hospitals.

1 Chiang Mai, Thailand

Healthcare index: 56 / Cost of living per month: $1,200

Chiang Mai, Thailand, is the top choice for retirees looking for the cheapest place to retire with good healthcare. It is well known for providing one of the most affordable alternatives without sacrificing high-quality healthcare services, with an average cost of living of $1,200. Nestled amid the natural splendor and cultural diversity of Thailand, Chiang Mai offers seniors a rewarding and financially viable retirement experience. The cost of medical care is far lower in Chiang Mai's numerous hospitals than it is in the US. The city is particularly well-liked by foreigners due to its reasonable cost of living, culture, and accessible but excellent healthcare.