12 Great Places to Retire Abroad on a Budget

Spain

Spain is the sole affordable country that ranks in the top 10 for quality of life, according to Numbeo, a site which collects country data. While you’ll need to steer clear of Madrid and Barcelona if you’re seeking a cheap lifestyle, many smaller cities and towns offer plenty of cultural, culinary and recreational delights for a relatively modest price tag. Historic Granada is home to the Alhambra, a World Heritage Site that was a finalist in the contest to be one of the modern seven wonders of the world­­. A city center three-bedroom apartment rents for about $490, while a three-course meal for two at a mid-range restaurant comes to only around $15. These prices are practically unheard-of in other countries that rank highly for quality of life.