#5 Spain
It has beautiful weather all year, a friendly culture, an extremely relaxed way of life, and a reasonably affordable cost of living. These are only a few of the things that Spain has to offer. This country has long been a popular retirement destination for Brits, Germans, and other Western Europeans, but it is also an excellent alternative for North Americans.
The cost of living in Spain has risen in the last year, yet it remains a very affordable country. Depending on where you go, Spain can be one of the cheapest or most costly places in the Mediterranean. You can live quite comfortably on $2,000 to $2,500 per month, or approximately $28,000 per year, starting around 2022.
As with any other country, the cost of living varies according to location—the closer you are to the capital and popular tourist spots, the higher the cost. If you opt for a quieter small-town life, you can manage with $1,900 per month or roughly $23,000 per year.
Spain provides first-world infrastructure comparable to the best in the EU for relatively low prices. Everything works well in general: the tap water is potable, the electricity is always on, fast WiFi is available practically anywhere, and public areas are kept clean.
