From Southeast Asia to southern Europe and Latin America, these six cities stand out for retirees seeking value, safety, quality healthcare, and a calmer pace of life. Ranked from #6 to #1, each offers a distinct appeal for those planning their next chapter.
Retirement marks a major transition, one shaped not just by financial readiness, but by where day-to-day life will unfold. For many retirees, the right city can mean the difference between merely getting by and genuinely enjoying later life. Cost of living, access to healthcare, safety, climate, and a sense of community all weigh heavily in the decision.
Around the world, a handful of cities consistently attract retirees for offering strong infrastructure without the pressure and expense of major global capitals. Here are six of the best named by Vanguard News, ranked in reverse order.
#6 MEDELLÍN, COLOMBIA
Medellín has undergone a remarkable transformation over the past two decades. Once burdened by its past reputation, the city is now recognised for efficient public transport, improving safety, and a welcoming urban culture. Living costs remain reasonable, particularly for housing, while private healthcare is both accessible and well regarded.
Often described as having “eternal spring,” Medellín’s mild climate reduces the need for heating or air conditioning, keeping monthly expenses lower. The city appeals to retirees who want an urban setting with cultural energy, green spaces, and easy access to surrounding countryside.
#5 VALENCIA, SPAIN
Valencia offers an appealing balance between city living and coastal relaxation. Compared with Madrid or Barcelona, everyday costs are noticeably lower, yet public services and healthcare remain strong. Retirees benefit from Spain’s universal healthcare system, supplemented by affordable private options.
The city’s walkability, clean beaches, and emphasis on outdoor living suit those looking for an active but unhurried lifestyle. Valencia’s strong neighbourhood culture and slower rhythm make it particularly comfortable for long-term residents.
#4 CHIANG MAI, THAILAND
Chiang Mai has long been a favourite among retirees in Asia. Its appeal lies in affordability, reliable healthcare, and a calm pace that contrasts sharply with Bangkok. Housing, food, and transport costs allow retirees to live comfortably on a fixed income.
The city is known for its temples, local markets, and strong sense of community, including a sizeable international population. While modern hospitals meet international standards, everyday life remains grounded in tradition, offering a reassuring sense of stability.
#3 CUENCA, ECUADOR
Cuenca attracts retirees seeking tranquillity and value. Set in the Andes, the city offers cooler temperatures and a relaxed atmosphere. Housing costs are low by international standards, and healthcare is both accessible and affordable, with many doctors trained overseas.
Cuenca’s historic centre, clean streets, and manageable size make daily life easy. It is especially appealing for retirees who prefer a quieter environment, with cultural richness and strong local identity.
#2 LISBON, PORTUGAL
Lisbon combines historic character with modern convenience. Portugal consistently ranks as one of Europe’s safest countries, and its healthcare system is highly regarded. While property prices have risen in recent years, daily living costs remain reasonable, particularly outside the city centre.
The city’s mild climate, scenic river views, and relaxed social culture contribute to a high quality of life. Lisbon suits retirees who want European living without the intensity or expense of larger capitals.
#1 PENANG, MALAYSIA
Our very own Penang takes the top spot for its rare combination of affordability, healthcare quality, and liveability. The island offers modern infrastructure alongside a slower, community-oriented lifestyle. Food, transport, and housing costs remain accessible, while private hospitals are internationally respected and competitively priced.
Penang’s multicultural society, English-language accessibility, and established expatriate community make settling in relatively straightforward. For retirees seeking comfort, variety, and value without sacrificing convenience, Penang stands out as a clear leader.
THE BOTTOM LINE
Choosing where to retire is deeply personal, but these six cities share key strengths: manageable costs, dependable healthcare, and environments that support a calmer, more secure way of life. For retirees willing to look beyond their home countries, the rewards can be substantial.
