Best places to retire cheap in 2018

Best places to retire cheap in 2018

Where’s the best place to retire cheap in 2018? Here’s my definite list for the year!

Here you go, in order:

#8 Cebu, Philipines: Beautiful forts, old architecture, mountains and beaches…..what’s not to love about Cebu? Also Cebu speaks English. They have great food, a mix of traditional and western can be found here no problems. The biggest problem with Cebu and why it only ranked #8 on this years list? Heat. It’s hottttttt, hot, hot here. Also spotty wifi, and roosters. Why are roosters a big con? They still have cock fighting here. So you are going to hear roosters all the time. One of the best things about Cebu though? The beaches, this will rank high for you if you love beaches!

Cebu Summary

#7 Bali, Indonesia: Tranquil beaches, and a very diverse culture is why it’s #7 on this years list. You’ll find everything from Australian backpackers, to yoga pant wearing hippies residing here. I’ve been all around the world and this is one of the most diverse places I have found in the way of culture. The people of Bali, are all great though. Regardless if you like yoga or all you can drink night clubs, there’s a place in the city for you. You’ll be able to get fresh fruit shakes for $1 CDN and big beers are $3. The biggest problem with Bali, is that it’s full of bugs. I don’t think I saw one traveller that was not covered in bug bites. I’d vacation here, but I don’t think I’d like to retire here. But I love the banana pancakes on the beach…..so good and definitely worth going for!

LINK: One Month Bali Review

#6 Quito, Ecuador: Quito is one of the cities you’ll definitely visit in Ecuador. The reason you’ll visit is that it’s an airport hub and it’s close to the Amazon. Would I retire there? Yes, but it’s not as good as it’s sister city Cuenca. While Quito has several things going for it like Uber and more buses going to different parts of the country, it’s not quite perfect. Giant hills make walking around difficult, and while I’d recommend coming here, (It’s still in the top 10 in the world.) It’s neighbor Cuenca is just better for retirees. Another problem with Quito is like most of South America, people don’t really speak English. Great healthcare in Ecuador though keeps Quito in the mix! Also as a bonus if you’re staying in Quito, go check out the Blue Door Housing…fantastic place to stay.

LINK: One month in Quito

#5 Chiang Mai, Thailand: Founded in 1296, this northern town in Thailand is a quiet place compared to Bangkok. The old town here is amazing, picturesque with temples and a feeling of peace. It doesn’t feel like a big tourist trap like Bangkok does. Saying that there are some reasons it’s ranked #5. No transit. The city has no good bus/transit/taxi. You’ll be taking Jeepneys everywhere. Recently it got GRAB, but cars are still relatively rare.

LINK: Great things about retiring in Chiang Mai

#4 Saigon, Vietnam: Saigon is a great place to retire cheap, because of the combination of great food and culture. LINK In detail review of Saigon

FOOD! Banh Mi is my go to food in Vietnam. Even if I never retire in Saigon, I’ll need to fly back at least once a year to eat some Banh Mi.

The costs here are great:

  • Coffee 17,600 Dong ($1 CDN
  • I’ve tried to give up smoking, but it’s been hard so I’ll usually have a smoke with my morning coffee. Cigarettes are 25,500 Dong ($1.50 CDN) a pack.
  • Gym 260,000 Dong ($15 CDN) a month.
  • Vietnamese Sub, AKA Banh Mi, AKA delicious 15,000 Dong ($1 CDN). The funny thing about Banh Mi’s is that there are several stands all around my apartment. All of the Banh Mi’s are slightly different but they are all uniformly 15,000 Dong!
  • My apartment was 4.4 million Dong ($250 CDN ) a month. This included high speed internet (43 Mbps), a maid once a week, power, water etc. (Shared with 2 other people).
  • A bowl of Pho 40,000 Dong ($2 CDN)

Why did it not rate higher on my best countries to retire cheap list? Heat mainly, and the fact that GRAB is really bad there. Also the visa situation kind of sucks. You have to do paperwork ahead of time to get your Visa, and Visa runs are necessary every 3 months.

#3 Medellin, Colombia: Ranked #3 this is my #1 to place to visit. Especially if I were just to judge it by it’s vibrancy and culture. I loved Medellin as soon as I stepped off the plane. The sounds, the sights (the women are beautiful) and the fact that everyone seems pretty darn nice. Medellin is somewhere you definitely want to visit at least once in your life. Saying that it only ranked #3 for a reason. It’s lively culture also includes, drugs, thieves and assaults. Every person I knew had either been mugged, robbed or pickpocketed (or personally knew somebody who had been). I personally had somebody try to pickpocket me, and my roommate was robbed at knife point. The safety factor drops this amazing city in Colombia to #3.

LINK: Medellin is dangerous!

#2 Siem Reap, Cambodia: The city of temples! It’s got all the charm of Vietnam, and it has 50 cent beers! Food will cost more than Vietnam, but it balances itself out with cheaper beer/cigarettes. In Siem Reap you’ll find a great combination of international food, and $3 lunches. This is the only place where I found imported liquor cheaper than it is back home in Canada! That’s right if you’ve travelled around you know the price of international booze is always more expensive. In Siem Reap, Jack Daniels is actually 40% cheaper than it is at home in Canada. The only caveat to this is wine. Wine is double the price for no known reason.

Siem Reap is small enough to walk around, but if you get sick of walking there’s an abundance of Tuk Tuks. Safe, and with great English, this is a great place to retire cheap. Visa on arrival is no problem, and it’s super easy to get 6 month extensions. The only reason it didn’t make the top spot on my list? Hot! It’s hot, hot hot! If you like hot weather this place should actually move itself up to number one.

LINK TO SIEM REAP MONTHLY REVIEW

#1 Cuenca, Ecuador: Oh Cuenca, I love you. Cuenca contains all the beautiful architecture you would find in Quito, but not filled with giant hills. I’ve found this is a sleepy town, but it is big enough to have malls, movie theaters and gyms.

I love the fact that you can pretty much walk everywhere here. A lot of expats lose weight just because of the constant walking.

You’ll wake up go for a walk to the market, get some fresh eggs and vegetables all for a $1 CDN. Big beers are $1.75 CDN, and meals out are roughy $2.50.

There is a wide assortment of culture to be found here, but it’s not really a party place. Cuenca isn’t a place you want to go for a vacation. There’s really not much to do here. It’s a place you’ll want to go to retire. A strong expat community also makes it an easy place to make friends.

Why is it rated so highly then? Just the fact that while it’s a sleepy town it is also peaceful and easy to get to know.

The only thing about Cuenca that I’d love to see change? It needs a better cab system. In Quito there was Cabify and Uber. Nothing like that exists in Cuenca. But when you can get a cab they are friendly and cheap.

Cuenca wins 2018 with its perfect spring like weather though out the year, great people and good sized population. Cuenca was #1 in 2017, and I am keeping it here for 2018.

LINK: One month in Cuenca

I hope this list has been useful to you. It was a lot of fun to make! It’s been a big year for me in 2018 and I love travel blogging. Thank you so much for your support! If you have any questions about which countries to retire cheap in, just message me!

2018-11-10T15:24:10+00:00

About the Author:

Samson Chui is the chief travel blogger behind Best Countries to Retire Cheap. His goal is to find the best country to retire for $1000.

2 Comments

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  2. […] If you want more great places to retire cheap check this article out LINK TO 2018 BEST COUNTRIES TO RETIRE CHEAP LIST […]

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