Thanks to its location on Spain's southern coast, right on the Mediterranean, Malaga boasts fine, sandy beaches, a welcoming seaside ambience, and a whopping 300 days of sunshine a year. And to top things off, it's very affordable and comes with good-value real estate.
When workaholics looking to retire in Mexico wonder aloud how they’ll avoid boredom, I don’t know what they’re talking about. Recently, out of curiosity, I checked my local events calendar here in Guanajuato. And just as I’d suspected, there were interesting activities for every single night of the week. And many nights offered more than one option.
I’m never making chiles rellenos again. Note: I didn’t say I’d never eat chiles rellenos again, because I will. I love them. But they’re messy to make. And ever since I realized that I can buy home-cooked ones in my local market in Mexico for just 10 pesos apiece—that’s about 63 cents—and take them home to eat, my kitchen stays clean.
"I knew within 24 hours that this was the place for me," says 45-year-old Mona Primlani, who left Washington, DC, three years ago to settle in Guanajuato, in Mexico's Colonial Highlands. "When I got here, I saw this place had everything I wanted, and then some."
If you're looking for a laid-back destination—but don't want to be far from First World sophistication—few places fit the bill better than coastal Spain.
Imagine living in a sophisticated, seaside resort city with First-World amenities all right at hand. Your condo is comfortable and airy,
Sherry production, horse-breeding, and flamenco…those are the three things Jerez de la Frontera does best. But after recently spending a month in this authentically Andalusian city, I think it should also be known for its low cost of living. Just a 10-minute drive inland from Spain’s southern Atlantic coast, Jerez has plenty of authentic Spanish charm combined with a comfortable, First World lifestyle. The historic center, with its cobbled streets, medieval monuments, and 18th-century buildings is compact and packed with plenty of cafes, bars, and stores. This was where I rented an apartment, so almost everyplace I wanted to visit—monuments, museums, and sherry bodegas—was within a 10- to 15-minute walk of my building. And that building was an 18th-century palace, with marble floors and a peaceful central courtyard. I paid just $800 a month for my furnished, one-bedroom apartment.
In 2006, even though the U.S. economy was still going strong, I looked around at my life and said, “It’s time to go.” So I quit my job, sold my apartment in New York, and moved abroad. It sounds abrupt, but it actually wasn’t. I’d been thinking about it for years. I’m no financial genius, but I can add as well as anyone, and I can certainly read writing on the wall. And, having hit a milestone birthday, calculated my net assets, and estimated remaining work years, they didn’t add up to a retirement I’d enjoy. I saw absolutely no way to save as much money as financial wonks said I’d need to retire comfortably in the U.S.
For low-cost living with First-World amenities, few countries in Europe can match Portugal. A couple can live comfortably there for as little as $2,200 a month. Throw in a generally mild climate, rich history, and friendly locals, and you have a country that offers a lot. There are plenty of great places to live in Portugal. Here are three I particularly like in and around Lisbon, Portugal’s lovely, historic capital. Just visiting? These are all great day trips from Lisbon, too.
Portugal's capital—home to half a million people—is a gracious city, yet also one with an odd, pensive gravity: a world-weariness born perhaps of great age and of empires gained and lost. It's also an amazingly inexpensive place: arguably the most affordable capital in Western Europe. A couple could live comfortably here for as little as $2,100 a month. If you're budget-conscious, take heart. Lisbon is a place where you can enjoy a European lifestyle at Latin American prices, with history, romance, astonishing hospitality, and a seaside location to boot.