Based on several factors, such as visas, safety, cost of living, home prices, life expectancy, and healthcare, the following are the best European countries for retirees to live:
- Portugal
- Spain
- Italy
- Greece
- Bulgaria
- France
- Slovenia
- Croatia
- Malta
- Ireland
Portugal considered to be the best European country for retirement. It’s one of the most affordable countries in Europe due to the low cost of living. On average, the cost of living, excluding rent, is almost 30 percent lower than in the United States.
The visa requirement is similar to other European countries. To live in Portugal, the citizen of the European countries doesn’t need to apply for a visa. However, United States, Canadian, and Australian citizens must apply for a residence visa. Fortunately, the process is relatively straightforward and requires applicants to provide a valid passport, proof of income, health insurance, and a criminal background check.
The second best country is Spain. The cost of living in Spain, excluding rent, is around 34 precent less than in the United States. And the country offers residents access to its public healthcare program.
Spain is known for its rich culture and architecture in cities like Madrid, Barcelona, Valencia, and more. Barcelona, Spain, was named the happiest holiday destination in Europe of 2023.
While the United States has a life expectancy of 76, Italy’s is as high as 83 as of 2021.
Renting in Italy is almost 55 percent lower than in the United States, and the overall cost of living, excluding rent, is 15 percent lower.
The World Health Organization WHO ranks Italy’s healthcare system as the second-best in the world. To take advantage of the country’s nationalized healthcare, you have to be a resident.