When you reach retirement age, there’s no reason why you should spend your freedom from the rat race in the freezing cold. You can be a snowbird and seek warmer climes every winter or you can retire to one of these places.
Are you hoping to retire your snow gear when you exit the workforce? We don’t blame you. Harsh winters can be particularly difficult as you age. Older adults lose body heat faster than when they were younger, and their health can suffer before they even realize quite how cold they are, according to the National Institute on Aging.
We’ve picked places suitable for different preferences and tried to stay away from the common spots jammed with ex-pats. Better start topping up that RRSP!.
Here Are 10 Places to Retire if You Hate the Cold 2020
10. Merida, Mexico
Mexico is a regular on lists of the best countries to retire to and according to Time, monthly expenses in Merida are a little more than $400. The capital of the Yucatan has a hot, tropical climate where average temperatures remain in the mid to upper 20s, even in winter.
9. Patras, Greece
So you don’t have one of 20 jobs in Canada that pay over $200K. No problem! Time says that a one-bedroom apartment in Patras, Greece’s third-largest city, costs around $230 a month, even though food and consumer goods can be comparatively expensive. The climate makes up for it, though, with average summer temperatures in the mid-20s and winter averages in the lower teens.
8. Langkawi, Malaysia
Malaysia makes it to number 17 on Time’s list of cheapest places to live and Langkawi Island is extra attractive since it’s completely duty-free. Temperatures here remain in the upper 20s throughout the year so you can enjoy the gorgeous beaches all the time.
7. Atacama Desert, Chile
Time lists Chile as the 16th cheapest country to live in. If you like it hot, head to the Atacama Desert, where daytime temperatures often soar into the 40s. At night it gets a little chilly but at least you’ll never have to worry about rain in the world’s driest place.
6. Lahore, Pakistan
According to Time, Pakistan and especially Lahore is affordable and you’ll need about $530 a month to cover all your costs. That should be no issue since we’ve shown you how to save $1000 a month easily. Summers here are hot, with temperatures usually rising into the 40s, while winters see average temperatures in the low to mid-teens. You may have to learn to love cricket, though.
5. Medellin, Colombia
Time says that a one-bedroom apartment in Medellin will set you back only about $130 a month. Once a hotbed of drug-related violence, this Colombian city now has a genteel image. The average annual temperature here is 22C with very little seasonal variation.
4. Asuncion, Paraguay
According to Time, the average rent for a one-bedroom apartment in Asuncion is $250 per month and other monthly expenses for one person come to about $360. In summer, average temperatures here reach into the high 20s while winter temperatures hover around the high teens on average.
3. Riyadh, Saudi Arabia
Time says that the local purchasing power in Saudi Arabia makes it the fourth cheapest country to live in, even though groceries and consumer goods are expensive.
If you like the heat and want to be able to retire at 50, Riyadh is just the place for you, with average summer temperatures in the low 40s.
2. Kolkata, India
India is second on Time’s list of the cheapest places to live. Kolkata has a hot and humid climate with summer averages of around 29C and winter averages of about 20C.
If you’re hoping to retire soon, make sure you don’t spot any of these warning signs you’re going to retire broke.
1. Durban, South Africa
South Africa is the cheapest country to live or retire in, according to Time. In Durban, a one-bedroom apartment will set you back on average about $280 per month. This port city has average summer temperatures in the mid-20s, average winter temperatures of around 17C and is known for its hot, hot curries. So you really don’t have to retire with millions to live happily here.