Retire early or quit your job and move abroad: These are the 11 cheapest places to live in 2022.
For instance, one place that has recently started courting expats is Thailand, which helped put the country high on this year’s list, thanks to a new visa program.
So read on to find out about the top 11 places on the list that will make your dreams come true. To see the full list of 25 locations, you can read the One of the world’s safest, most affordable and most welcoming countries, Panama tops the Annual Global Retirement Index for 2022. It’s actually the 11time that Panama has taken the top spot in the 31 years that International Living has been publishing the list.
Over the past couple years, there have been some ups and downs in Panama , but the country has rebounded. “These days it’s back to business here. The country is busy welcoming tourists, new residents and new investment, too,” says Ramesch. Panama actively woos foreigners: You won’t pay income tax on funds earned outside Panama, there are several easy options for getting a visa or residency and real estate taxes are really low.
In a region that can have political and civil unrest, Costa Rica is safe and stable, with a progressive government. “For example, LGBTQ same-sex marriage is legal and women’s rights are mandated,” says Evans.
“Colombia checks many of the boxes for those wanting to live in a place with a lower cost of living, excellent healthcare, close proximity to the U.S. and Canada and climate options to suit practically every taste,” says International Living correspondent Nancy Kiernan. It’s also the second most biodiverse country in the world, which adds to the appeal. And it’s more developed than many other countries in Latin America, with major cities offering modern products and services.
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