The 10 best places to retire overseas in 2017

Retirement is often a time to live better, reinvent your life and have a grand adventure, sometimes in a new part of the world. Here are 10 top options for living or retiring overseas in 2017:

Carvoeiro, Algarve, Portugal. Portugal is the best-kept secret of Old World Europe. For three years running, Live and Invest Overseas has named its Algarve coast as the world's best place to retire overseas. Coastal Carvoeiro, in particular, qualifies as an appealing place to call home if you want to live on the water in a developed setting.

SEE ALSO: Here's how many millennials in 18 different countries plan to never retire

The take-your-breath-away views from Carvoeiro's rocky coast, the constant sunshine, the near-perfect weather year-round, the food and wine and the history all add up to top-shelf living for a very bargain price. Thanks to the current down value of the euro, the enviable coastal Continental lifestyle on offer in Carvoeiro is further reduced, and the cost of a very rentable home or condo is irresistibly discounted.

[See: 10 Ways to Reduce Your Housing Costs in Retirement.]

El Poblado, Medellin, Colombia. One corner of Medellín in particular offers a comfortable, tranquil and idyllic way of life for an affordable cost. At the current exchange rate between the U.S. dollar and the Colombian peso, the luxury-level cosmopolitan lifestyle available in El Poblado is an even greater bargain. Medellín is culture-rich and Euro chic. Its people are well-dressed, well-mannered and welcoming. Medellín's heart, El Poblado, is a top choice for city living on a budget.

Las Terrenas, Dominican Republic. Las Terrenas is quintessential Caribbean with a French twist. The big and established community of French expats living in this white-sand beach town means fresh baguettes, great restaurants and kisses on both cheeks in greeting. Infrastructure is improving, establishing residency is easy and the cost of living is one of the great bargains of today's Caribbean, making Las Terrenas a place to start a new life with a Caribbean Sea view.

Santa Familia, Cayo, Belize. If you want to leave the troubles and worries of our age behind, little Santa Familia village in Cayo, Belize, is calling your name. Life in Cayo is back to basics, simple and sweet. You know your neighbors, they know you and you all look out for each other. Belize's Cayo is a region of wide-open spaces, fresh air, warm sun and fertile land, making it a place to disconnect and unplug.

Pau, France. France is a country of superlatives. It's known for its high quality of life, excellent health care, rich food and cutting edge art and fashion. It is among the most beautiful and romantic places in the world. To many people, living in France is the definition of a good life, and the charms and appeals of French country life are unrivaled. In this context, consider Pau, which is known as the "Green City" and the "Garden City," thanks to its ratio of greenery per square meter per person, one of the highest of any European city.

30 awesome things to do in retirement:

30 Awesome Things to Do in Retirement
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30 Awesome Things to Do in Retirement

1. Be a campground host

An army of older Americans moves among state, national and private parks and campgrounds, staying for extended visits. In exchange for free camping, they help park managers and campers with chores like leading nature walks, tidying campsites, collecting fees and offering a friendly welcome to other campers. Chores, responsibilities and lengths of stays allowed vary by park. SnowbirdTrails has links to many of these “workamper” (work camper) jobs.

Some campground hosts do it for fun. For many others it is a way of stretching tight retirement incomes. If you’re a “people person,” you may love this gig. If you’re not the social type, keep looking for something else to enjoy. The job requires constant socializing and interaction with others.

Photo credit: Getty

2. Help in the classroom

If you’ve always enjoyed the company of children you might really love being a teacher’s aide. Teachers’ aides are paid to help in classrooms in many ways — tutoring, for example, or supervising play or grading papers. Aides take simpler tasks off teachers’ hands so they can focus more on teaching. Ask at your local schools to find out the job requirements and how to apply.

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3. Join the Peace Corps

Have you always wanted to join the Peace Corps? You may think you’re too old, but you’d be mistaken. There is no age limit on becoming a Peace Corps volunteer. According to the Peace Corps:

Depending on the volunteer program you choose, your service can last from three months to two years. You can even choose what country you want to serve in, the type of work you do, and when you depart.

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4. Become a schoolteacher

You may not need a teaching degree to become certified as a K-12 teacher these days. “Alternative certification” programs help would-be teachers with degrees in other fields get into the classroom. Alternative certification has grown as a means of addressing teacher shortages, especially in certain content areas,” according to National Public Radio.

Requirements vary. And so does quality of certification programs. Contact your state’s department of education to learn how to get started.

Photo credit: Getty

5. Join a chorus or choir

You’ve always been a singer. Warbling in the shower is not enough so, now that you have the time, get back to singing. If you are unsure where to start, do some reconnaissance by attending performances of various singing groups in your area. Also, learn what’s available by attending a choir meetup. These will give you an idea of the available groups and their flavor, size, expertise and repertoire before you apply to join. Some choirs are professional quality and deadly serious in their approach. Others are just lighthearted groups of people who meet to express a love of music. Many retirees find a calling in a church choir.

Jump-start your new avocation over the holidays by joining a community singalong of Handel’s “Messiah.”

Photo credit: Getty

6. Get into the arts

Making art feeds the spirit. That’s why, soon after retirement, you’ll see many people seek out classes to acquire or relearn skills abandoned years ago. If painting, drawing and crafts are your thing, you might find it useful to sample a variety of classes, materials and approaches before settling on one.
Cities are full of academies and workshops that offer classes to beginners. Community colleges classes and arts and crafts stores have classes, too. These are an inexpensive way to try out a new medium. Or look for a “drink-and-draw” art classes where you and a few friends can spend some lighthearted hours catching up and creating.

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7. Set up regular “dates” with your favorite kids

If you are a grandparent whose time with grandkids has been hampered by work, it’s not too late to reconnect. If you are not a grandparent but know children you enjoy, reach out to them. Do not approach a child, though, without talking over your intentions and ideas with their parents and getting permission.
Make dates with each child individually, giving you both a chance to become better acquainted. After talking with their parents, ask the children for their ideas and winnow the list to ones that cost little or nothing. If possible, avoid passive entertainment like movies and video games and go for experiences instead. Examples: Visit the zoo, take walks and explore a different route each time, visit a museum, take a cooking class together, bake cookies and teach each other a skill. Find out if a college near you has a Grandparents University that puts kiddos and elders together in classes to explore hands-on subjects like astronomy or photography.

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8. Learn to cook all over again

Unless you’ve been living under a rock you are probably aware that cooking and eating are wildly popular pastimes. But have you considered joining in? Sure, you’ve been cooking all your life, but we’re talking here about forgetting what you know and trying something new — a class in Thai or French cooking, in knife skills or fermented foods or maybe holiday baking. Look for classes at community colleges, at higher-end grocery stores and food cooperatives and at kitchen supply stores like Williams Sonoma, which offers free in-store techniques classes and demos.

Photo credit: Getty

9. Sell your crafts on Etsy

After you’ve learned a new craft you may find yourself with more pots, wooden bowls or hammered copper earrings than you know what to do with. That’s a clue it’s time to open a store on Etsy and sell your wares at the huge online arts and crafts marketplace.

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10. Build a pocket boat

If you’ve been bitten by the boating bug you may not be able to rest until you’ve built a boat yourself. Have you heard of pocket cruisers? These are lightweight sailboats meant for towing and for small sailing adventures. Make yours in a class or order the plans or a kit and build it independently. If a pocket boat’s too big, build a kayak from one of the many kits available.

Photo credit: Getty

11. Drive a school bus

Driving schoolkids is a job that beckons to some retirees. Your school district can tell you its specific requirements. In general, you’ll need to get a commercial driver’s license with endorsements for driving a passenger vehicle and a school bus. You’ll also need to pass a physical examination, police records check, skills and knowledge tests, and other hurdles.

Do school bus drivers really have eyes in the backs of their heads? It could be. Tami Hatke is a bus driver for Tippecanoe School Corporation in Lafayette, Indiana, who shares her experience at School Transportation News. She says that maneuvering a 40-foot vehicle is only the beginning:

You have to love children and understand that children are learning and make mistakes. you have to be very consistent, be a good listener, show compassion, know how to tie shoes, reward good behavior, teach them how to turn their bad behavior into good behavior and be someone that they look up to.

Photo credit: Getty

12. Explore your town’s history

One of the many gifts of being older is a sense of connection to the past. You’ve seen enough change in your own life that you are curious about what came before. A great way to explore the past is to start where you live, learning and writing a history of your town or neighborhood. Three tips from an excellent BBC article on writing local history (it applies to American history projects as well as to British): “Don’t guess, don’t invent, don’t try to cut corners.” The article also advises would-be historians:

• Learn as you go along.

• Be methodical in your work and your record keeping.

• Always think of context.

• Don’t assume that only the most glamorous history is worth knowing.

• Work on the basis of themes and subjects, not a chronological progression.

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13. Volunteer at your public library

When you give time to an institution like a public library you really are making a gift to your whole community. It’s also a great way to meet people and make new friends.

Financial cutbacks and staff shortages can mean public institutions are stripped to the bone. Volunteers let them enrich their offerings and stretch meager budgets. “The system could not offer the caliber of services currently provided to so many patrons without the hard work and dedication of our volunteers,” says the Volusia County (Florida) Public Library. It’s a refrain that echoes through libraries across the country. Check your library’s website — or ask your local information librarian — to learn about volunteer opportunities.

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14. Renew an old friendship

One crucial skill of aging is the ability to make new friends. And yet, a lesson aging makes clear is that the treasure of old friendships and connections cannot be replaced. Get on the internet to find old pals. Some will respond, others will not. No matter. Reach out to them on Facebook. Gather up your courage and attend a high school or college reunion. Or use to see if you can trace a lost friend.

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15. Rediscover spirituality

As the blurry speed of life in your 30s, 40s and 50s gives way to a somewhat slower existence, you may find yourself turning inward and inquiring what’s missing. For some, that’s an intellectual pursuit, done through books and perhaps meditation, personal prayer, service to others or time spent in nature. Others seek answers and connection in community — in a fellowship, synagogue, mosque or church. Whether it is organized religion that speaks to you or a purely spiritual journey, you’re not alone in the quest in older age.

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16. Move!

Independence and mobility — things we may take for granted in younger years — are crucial components of a good retirement. Get them from exercise, which is the closest thing to a miracle drug.

Exercise helps manage blood pressure, blood sugar, pain and chronic fatigue — to name a few benefits. Done strategically, it can even help boost memory. Exercise should be fun. If you don’t have a favorite activity, keep looking. Consider tai chi, swimming, yoga, walking, cross-country or downhill skiing, rowing, kayaking, bicycling or tennis. Make sure you get your heart and lungs pumping.

No need to kill yourself. According to The New York Times, only 150 minutes per week of moderate intensity activity is enough:

Walking briskly, at 3 to 4 miles per hour or so, qualifies. So does bicycling slower than 10 miles an hour. Anything that gets your heart rate somewhere between 110 and 140 beats per minute is enough. Even vacuuming, mowing the lawn or walking your dog might qualify.

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17. Go on a date

Leaving work behind opens a vacuum for many singles that only human companionship can fill. A surprisingly large proportion of Americans older than 65 are separated, divorced or widowed — 45 percent, according to AARP’s research.

Numerous dating sites focus on bringing 50-something, 60-something, 70-something and 80-somethings and beyond together for romance. SeniorPlanet suggests dating sites for seniors, and U.S. News & World Report tells about the senior dating scene. If online dating turns you off, there are many other ways to meet people. Volunteering, taking classes or joining a house of worship, to name just a few.

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18. Adopt a dog …

… or a cat. Or a gerbil. Finding an animal companion is decidedly less complicated than dating humans. A critter who would be thrilled to be your new best friend is as close as the nearest animal shelter. Find animals near you at, which has photos and profiles of pets from shelters, foster care and other adoption and rescue organizations.

Tending to the needs of another helps push us out of unhelpful internal feedback loops. WebMD writes that having a pet helps with depression. Caring for a pet also enforces a soothing routine, gets you out of the house and walking, offers healing touch, warmth and companionship.

Photo credit: Getty

19. Learn something new

Challenge your brain. But don’t expect much from brain training computer games. Instead, get off the computer and learn something that’s seriously hard, something out of your comfort zone. Building new neural pathways keeps a brain agile.

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20. Become a hospice volunteer

Helping people who are dying is not for everyone. But those who become hospice volunteers speak of the life-altering experience of helping — or maybe just sitting with — someone who is at the end of life. Hospice Foundation of America explains how to volunteer.

Photo credit: Getty

21. Rediscover reading

Were you an avid reader before your life got too busy and complicated to pick up a book? Reading really does transport us to different worlds. It really can make us smarter and more interesting. Now that you are freer, visit the library, book sales and yard sales with your “to-read” list of all the books you can now finally get to. And then give yourself the gift of quiet hours curled up in a comfortable chair, reading.

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22. Get a roommate

Crazy, you say? If you are bored or lonely and have space in your home you could share with another, why not earn a little cash and share your home? If you are new to vetting potential roommates, read “How to Live Rent-Free (or Way Cheaper Than You Are Now)” for ideas.

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23. Try something you’ve put off

Now’s the moment to tackle things you’ve put off for a lifetime — a new skill, an apology, a round-the-world trip, a brave effort to connect with someone — things you have intended but postponed. No matter how hard or how silly it may seem, giving the tougher stuff a try is what living in our older years is all about.

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24. Learn a language

Can you say “neuroplasticity”? It means our brains are changeable — not set in concrete. Some aspects of acquiring a new language are harder for older adults and some are easier, writes The Guardian. And the payoff for the effort is huge because, according to the newspaper, “a number of recent studies suggest that learning a foreign language can slow (an) inevitable age-related cognitive decline or perhaps even delay the onset of dementia.”

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25. Usher at a theater or concert

If you love live theater and music but hate the insane ticket prices, you can often find opportunities to get in the door for free by volunteering as an usher. Policies on ushering vary by venue so contact theaters and concert halls near you to ask if they could use your help. Show-Score, a theater blog, tells how to be a volunteer usher and lists some opportunities in New York City. The bonus: You’ll get to meet others who love music and theater as you do. Find usher opportunities here, at

Photo credit: Getty

26. Become a zoo or museum docent

Another terrific volunteer gig is working as a docent at a museum. Perhaps you think museums are only about the arts and history? Wrong! You’ll find museums of flight, music, railroads, costumes, science and technology. Not to mention museums of anthropology, military history, natural history and stamps — for a few more examples. If you’ve got a passion, or even a vague curiosity, inquire whether a museum, zoo or art gallery that interests you welcomes and trains volunteer docents or guides.

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27. Run away from home

Wanderlust strikes. Seize it while you’ve got the energy, the mobility and the means. Sell or rent your home and head out onto the open road in a camper, trailer, RV or, heck, in a tent. Decide on a theme for your life on the road. A few ideas: Visit friends and family; follow Route 66, visit every state in the country.

Mobile retirees are single and they’re couples. Some choose a tiny trailer. Others buy a humongous rig with flat-screen TVs. Regardless, you’ll have adventures. You’ll make new friends, see new parts of the country, meet people you’d never encounter otherwise and get the kind of experience only life can deliver.

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28. Go back to school

When we were younger many of us wanted to attend college — or finish a degree — but could not for many reasons, money chief among them. Did you know that if you are age 50 or older many programs allow you to attend college for free? To learn more about schools and programs that help older students attend college or obtain a college degree, see options listed by U.S. News & World Report like scholarships for seniors, living on campus, auditing courses, tuition waivers and online courses. Consumer Reports also lists resources for seniors who want to attend college.

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29. Drive a big rig

Some seniors find that driving a truck for an encore career satisfies their wanderlust while giving them a way to earn extra income. Fred Hiebert, who runs United Transportation Driver Training in Manitoba, Canada, tells that retirees are taking his classes for the chance to see the world on their own terms: “The majority of retirees getting truck-driving lessons in Hiebert’s classes are men, but about 40 percent of those men are accompanied on their long-haul trips by their retired wives.” Mature drivers are in demand, Hiebert says.

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30. Mentor a small business

SCORE (formerly the Service Corps of Retired Executives), a program staffed by volunteers who are experienced in running a business, offers free mentoring to entrepreneurs. SCORE is in partnership with the federal Small Business Administration. If you have business expertise to share, volunteer here. As the program says, it’s a way to “pass on your knowledge and expertise to the next generation of entrepreneurs in your community.”

Photo credit: Getty


Pau's landscape is accessible woodlands, the steep slopes of Jurançon wine country, the history-packed Plaine de Nay and its main town of Nay and the pretty rolling countryside and ancient towns of the Gaves de Béarn. Pau is also a university town, with close to 12,000 university students living on and off campus, helping to keep it lively. Brits and other North Europeans have been seeking out this part of France for retirement for years. The area includes a friendly bunch of people with a wide range of backgrounds and interests who are always ready to welcome newcomers.

[See: 10 Retirement Hot Spots in the U.S.]

Chiang Mai, Thailand. Since the 1800s, the Thai city of Chiang Mai has been luring expats from the West with is low cost of living, great weather, rich history and distinct culture. The heart of Chiang Mai lies within its old city walls where ancient and modern Buddhist temples coexist with public and international schools and residential and commercial neighborhoods.

Modern Chiang Mai has grown beyond the ancient walls and offers mega malls, huge multinational grocery and department stores and all other trappings of life in the 21st century. The biggest advantage to life in Chiang Mai is its cost in general and of health care in particular. A couple can live here comfortably on as little as $1,100 per month, and you can see an English-speaking doctor for $20.

Playa del Carmen, Mexico. Playa del Carmen is a little beach town that sits about an hour south of Cancún on Mexico's Riviera Maya. Once a sleepy fishing town, the port was inadvertently put on the map by Jacques Cousteau in 1954 when he filmed an underwater documentary of the Great Mayan Reef just offshore.

Divers began seeking out these Caribbean waters for themselves, and in the 1970s a port was built to ferry the tourists from the mainland to Cozumel. Today Playa is home to more than 10,000 foreigners, including Europeans, Americans, Canadians, Argentinians, Venezuelans and many other people of all ages including 20- and 30-somethings, young families and retired couples. Playa is also a welcoming destination for the LGBT community.

Barcelona, Spain. Barcelona, in the northeast of Spain on the Mediterranean Sea, is a vibrant, colorful, proud city that combines the passion of the Spanish with the efficiency and organization of the Catalans. This is a city with a strong energy that has not been dampened by Spain's ongoing economic woes and the economic, cultural and administrative capital of Catalonia.

Spain's second-biggest city is easily and quickly explored thanks to its compact, well laid out design, and there are many opportunities for diversion, entertainment and discovery. Art and architecture from pre-Roman to Modernista is around every corner. This is a city of galleries, museums, monuments, theaters, restaurants, and shopping – all near the beach.

Granada, Nicaragua. Nicaragua is a beautiful country with a troubled history that appeals to the romantic, poet, eco-traveler, surfer and bargain hunter. The cost of living and real estate is a steal. Geographically, Nicaragua is blessed, with two long coastlines and two big lakes, plus volcanoes, highlands, rain forest and rivers. At night the backdrop is an ink-streaked sky that, just before the sun sets, illuminates the yellow and white cathedrals. Architecturally, Nicaragua is notable. Colonial Granada is an architectural jewel. This city is one of the oldest in Latin America and continues to be busy and lively today, attracting tourists and expats in record numbers.

Kota Kinabalu, Malaysian Borneo. This laid-back and quiet city is one of the most pleasant places to live in Asia and is incredibly welcoming. Its biggest practical advantages are the low cost of living and the high standard (and low cost) of health care. A couple could live well here on $1,200 a month or less.

The city is small and walkable, less than three kilometers from end to end. Life revolves around the water and is lived out-of-doors. At home here you'd fill your days snorkeling, diving, boating and ferry hopping from the city center to neighboring islands. This is a little-known, low-key and low-population destination offering a tranquil, serene and close-to-nature lifestyle at a cost that's a global bargain.

[Read: How to Afford Retirement in Paris.]

Bonus choice: Paris, France. Life in Paris can be as good as life gets anywhere. What you may not realize is that the cost of living in Paris can be manageable. Paris is a place where even a modest lifestyle can feel rich and where some of the greatest pleasures – strolls along the Seine or picnics in the Luxembourg Gardens – come free.

Paris is also a city where a car is an unnecessary liability. You can walk to the butcher, the baker, the grocer, the wine shop, museums, movie theaters and cafés and restaurants. When you want to venture beyond your quartier you can take the metro. For just a euro and 90 cents, you can get from anywhere to anywhere in this city you might want to go.

Other things in Paris can be cheap, too, including necessaries of modern living like cable, telephone and internet. You can get a phone plan in France that includes unlimited calls to anywhere in Europe, North America and the Caribbean, plus internet and cable, for about 45 euros per month.

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group.

Copyright 2016 U.S. News & World Report

RELATED: Best cities for stretching your retirement nest egg

Best cities for stretching your retirement nest egg
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Best cities for stretching your retirement nest egg

25. Orlando, Fla.

  • Annual healthcare services: $6,126.37
  • Annual taxes: $3,651.94
  • Annual utilities: $3,886.59
  • Annual housing: $8,780.50
  • Overall cost of living: $46,696.15

Located in one of the best states to retire in the U.S., Orlando offers a potential benefit for retirees: Your kids and grandchildren might visit you more often so they can go to Walt Disney World, Universal Studios Florida and SeaWorld Orlando. When your kids are looking to knock out two birds with one stone — take their children on vacation and visit you at the same time — Orlando could be the perfect lure.

(bobbyuzda via Getty Images)

24. Charlotte, N.C.

  • Annual healthcare services: $6,031.32
  • Annual taxes: $3,595.27
  • Annual utilities: $3,826.29
  • Annual housing: $8,644.26
  • Overall cost of living: $45,971.63

You can make your retirement savings last in Charlotte, and you could also earn some money back on your home’s value if you decide to move again. Zillow's data shows home values have been on an upward trend over the last couple of years and predicts they will rise about 4 percent in the coming year.

See: The Best City to Buy a Home in Every State

23. St. Paul, Minn.

  • Annual healthcare services: $6,001.18
  • Annual taxes: $3,577.31
  • Annual utilities: $3,807.17
  • Annual housing: $8,601.07
  • Overall cost of living: $45,741.90

If you want to move to Minnesota, consider St. Paul over other popular cities — such as Minneapolis. Not only is St. Paul less expensive than Minneapolis, according to Sperling's Best Places, but the crime rate is also lower. St. Paul also shines in terms of healthcare, having 279 physicians per 100,000 population compared to the U.S. average of 210.

22. Louisville, Ky.

  • Annual healthcare services: $5,954.81
  • Annual taxes: $3,549.67
  • Annual utilities: $3,777.75
  • Annual housing: $8,534.61
  • Overall cost of living: $45,388.48

Cost of living in Louisville is low compared to the U.S. average, especially when it comes to housing, according to Sperling's. And, there are 335 physicians per 100,000 population.

See: Best and Worst States for Health Insurance Costs

21. Indianapolis

  • Annual healthcare services: $5,944.96
  • Annual taxes: $3,543.79
  • Annual utilities: $3,771.50
  • Annual housing: $8,520.49
  • Overall cost of living: $45,313.37

For retirees trying to live life on a budget, cost of living in Indianapolis is lower than the national average. To save on housing, neighborhoods outside of the I-465 loop tend to offer a balanced combination of low-cost living and lower crime rates, reports Movoto.

20. Atlanta

  • Annual healthcare services: $5,942.64
  • Annual taxes: $3,542.41
  • Annual utilities: $3,770.03
  • Annual housing: $8,517.17
  • Overall cost of living: $45,295.70

The population of seniors has grown considerably — 20.3 percent — in Atlanta in recent years, reports Forbes. And, it's one of the best cities in the country for a healthy and affordable retirement, offering a satisfying senior social life, access to healthcare and more, according to Sperling’s.

19. Houston

  • Annual healthcare services: $5,922.93
  • Annual taxes: $3,530.66
  • Annual utilities: $3,757.53
  • Annual housing: $8,488.92
  • Overall cost of living: $45,145.50

Houston is a booming metropolis and a good choice for making your retirement savings last. In fact, it's one of the 50 cheapest places to retire. Health costs are cheaper in Houston than the U.S. overall, according to Sperling's. The city also provides easy access to top medical facilities, including the Texas Medical Center — the world’s largest medical complex.

18. Tampa, Fla.

  • Annual healthcare services: $5,882.36
  • Annual taxes: $3,506.48
  • Annual utilities: $3,731.79
  • Annual housing: $8,430.77
  • Overall cost of living: $44,836.25

Tampa boasts affordable rent and cost of living expenses, including groceries, according to Numbeo data. Many suburbs around Tampa have great retiree-friendly amenities such as golf courses, libraries, volunteer activities and more, reports Movoto. And with home values on an upward trend, it could be one of the best cities to own investment property.

17. Memphis, Tenn.

  • Annual healthcare services: $5,838.89
  • Annual taxes: $3,480.57
  • Annual utilities: $3,704.21
  • Annual housing: $8,368.47
  • Overall cost of living: $44,504.92

Memphis is affordable, making it a great place to stretch your retirement savings. The cost of living is more than 25 percent lower than the nation's average, according to Sperling's. On a broader level, retirees will appreciate Tennessee’s total tax burden — it's one of the best states for taxes.

16. Newark, N.J.

  • Annual healthcare services: $5,835.41
  • Annual taxes: $3,478.49
  • Annual utilities: $3,702
  • Annual housing: $8,363.49
  • Overall cost of living: $44,478.41

Newark’s housing market could help you grow your nest egg — if you're looking to make a good investment in real estate. Home values rose by nearly 20 percent over the last year, and Zillow forecasts they will continue to rise within the next year.

15. Columbus, Ohio

  • Annual healthcare services: $5,820.34
  • Annual taxes: $3,469.51
  • Annual utilities: $3,692.44
  • Annual housing: $8,341.89
  • Overall cost of living: $44,363.55

Fortunately for retirees, Columbus' cost of living is lower than the U.S. average. And a little further outside the city, retirees can find affordable suburbs with high proportions of residents age 65 and up, such as Lithopolis and Canal Winchester, reports Movoto.

14. Nashville, Tenn.

  • Annual healthcare services: $5,808.17
  • Annual taxes: $3,462.26
  • Annual utilities: $3,684.72
  • Annual housing: $8,324.44
  • Overall cost of living: $44,270.77

If you're thinking about retiring near Nashville, consider Ridgetop, Hendersonville or Oak Hill — all three suburbs ranked among Niche's top 20 places to retire in Tennessee.

13. Bakersfield, Calif.

  • Annual healthcare services: $5,796
  • Annual taxes: $3,455
  • Annual utilities: $3,677
  • Annual housing: $8,307
  • Overall cost of living: $44,178.00

If you want to escape the hustle and bustle of big cities like San Francisco and Los Angeles, Bakersfield might offer refuge. Not only will your $100,000 go far in the first couple years of retirement, but another study found it's the No. 2 city where your paycheck will stretch the furthest.

See the Rankings: 10 Cities Where Your Paycheck Goes the Furthest

12. Phoenix

  • Annual healthcare services: $5,765.28
  • Annual taxes: $3,436.69
  • Annual utilities: $3,657.51
  • Annual housing: $8,262.97
  • Overall cost of living: $43,943.86

Like other cities on this list, Phoenix is experiencing a marked increase in the population of seniors, reports Forbes. Other nearby areas you might want to consider for more senior-friendly amenities — such as restaurants, retirement homes and recreation centers — include Litchfield Park, Sun City and Florence city, reports Movoto.

11. Austin, Texas

  • Annual healthcare services: $5,752.53
  • Annual taxes: $3,429.09
  • Annual utilities: $3,649.42
  • Annual housing: $8,244.70
  • Overall cost of living: $43,846.67

Austin saw a substantial growth in its population of senior citizens from 2010 to 2014, reports Forbes. With minimal unemployment and major job growth projected for the future, the city offers many opportunities for retirees who might want to re-enter the workforce.

See: 10 Best Cities for Baby Boomers to Find Work

10. Dallas

  • Annual healthcare services: $5,748.47
  • Annual taxes: $3,426.67
  • Annual utilities: $3,646.85
  • Annual housing: $8,238.88
  • Overall cost of living: $43,815.74

Although Dallas is one of the top cities experiencing skyrocketing home prices, it's still an affordable place for retirees looking to stretch their retirement savings. The cost of living is still lower than the U.S. average, and Sperling's estimates future job growth over the next 10 years will be more than 42 percent.

9. Sioux Falls, S.D.

  • Annual healthcare services: $5,710.80
  • Annual taxes: $3,404.21
  • Annual utilities: $3,622.95
  • Annual housing: $8,184.89
  • Overall cost of living: $43,528.58

Your nest egg can go further in Sioux Falls. Plus, the city offers work opportunities for retirees — more than a third of people age 60 and older are employed in the city, reported U.S. News.

8. Tulsa, Okla.

  • Annual healthcare services: $5,662.69
  • Annual taxes: $3,375.54
  • Annual utilities: $3,592.43
  • Annual housing: $8,115.94
  • Overall cost of living: $43,161.91

The cost of living in Tulsa is about lower than the national average, according to Sperling's. And homes are pretty affordable, too. The median home listing price is $159,900, according to Zillow.

7. Madison, Wis.

  • Annual healthcare services: $5,660.95
  • Annual taxes: $3,374.50
  • Annual utilities: $3,591.33
  • Annual housing: $8,113.45
  • Overall cost of living: $43,148.65

In 2014, the Milken Institute ranked Madison as the No. 1 best large metro in its Best Cities for Successful Aging report, largely thanks to the city's high-quality healthcare and healthy environment.

6. Kansas City, Mo.

  • Annual healthcare services: $5,653.42
  • Annual taxes: $3,370.01
  • Annual utilities: $3,586.55
  • Annual housing: $8,102.65
  • Overall cost of living: $43,091.22

Low living expenses, notably on groceries, help make Kansas City one of the most affordable places to retire. Plus, buying a home in Kansas City is affordable — the median home price is only $165,000, according to Zillow.

5. Rochester, N.Y.

  • Annual healthcare services: $5,601.25
  • Annual taxes: $3,338.91
  • Annual utilities: $3,553.45
  • Annual housing: $8,027.88
  • Overall cost of living: $42,693.62

Saving on retirement living expenses in Rochester shouldn't be that big of a challenge. After all, the city’s cost of living is almost 18 percent cheaper than the country’s average, according to Sperling's.

4. Salt Lake City

  • Annual healthcare services: $5,593.72
  • Annual taxes: $3,334.42
  • Annual utilities: $3,548.67
  • Annual housing: $8,017.09
  • Overall cost of living: $42,636.19

Your retirement savings should go far in Salt Lake City. But if you prefer living in suburbs, consider these top picks from Movoto: Bountiful, which has beautiful retirement housing options, and Midvale, which might attract active retirees.

3. Albuquerque, N.M.

  • Annual healthcare services: $5,477.22
  • Annual taxes: $3,264.98
  • Annual utilities: $3,474.77
  • Annual housing: $7,850.12
  • Overall cost of living: $41,748.21

Albuquerque is also one of the top cities where your paycheck and retirement savings go far. And when it comes to healthcare, retirees benefit from the fact the city has 233 physicians per 100,000 population, which is higher than the U.S. average of 210.

2. Tucson, Ariz.

  • Annual healthcare services: $5,445.92
  • Annual taxes: $3,246.32
  • Annual utilities: $3,454.91
  • Annual housing: $7,805.26
  • Overall cost of living: $41,509.65

Nearly 18 percent of the population in Tucson are senior citizens, reports Forbes. Besides being an excellent city to stretch your retirement savings, Tucson also offers one of the cheapest rents on apartments in the U.S.

1. Oklahoma City, Okla.

  • Annual healthcare services: $5,425.64
  • Annual taxes: $3,234.23
  • Annual utilities: $3,442.04
  • Annual housing: $7,776.18
  • Overall cost of living: $41,355.03

Oklahoma City is one of the best cities where your $100,000 retirement savings will go far in your first couple of years in retirement. And according to another study, you only need to make about $44,180 to live comfortably.

Up Next: How Much Money You Need to Live Comfortably in the 50 Biggest Cities

Methodology: Cities were ranked based on their cost of living index relative to the average annual expenditures for retirees 65 and older. In order to find the average annual expenditures for retirees 65 and older, used data from the BLS Consumer Expenditure Survey. Cost of living indices were taken from Numbeo on Nov. 30, 2016.


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