Retirement dreams are taking people beyond their borders, with an increasing number of Americans looking for safe and cost-effective destinations to spend their golden years. GOBankingRates has conducted a thorough analysis to bring you a list of the 10 safest Asian countries for retirees, where living a comfortable lifestyle can be achieved on a budget of under $2,000 per month.
The methodology for this list involved data compilation from multiple reputable sources including the United Nations Pacific-Asia Region Group, WorldPopulationReview, Numbeo, and the Institute for Economics and Peace Global Peace Index 2022 Report. Criteria for selection included a global peace index score below 2.0.
Here are the top 10 Asian countries that offer a harmonious blend of safety, affordability, and cultural allure for retirees:
10. Nepal
- Global Peace Index: 1.947
- Average Monthly Cost of Living: $684
- With a cost of living index of 14.7 and a GDP of $39 trillion, Nepal promises retirees a safe haven that is both economical and culturally enriching.
9. Cyprus
- Global Peace Index: 1.903
- Average Monthly Cost of Living: $1,964
- Cyprus, with a cost of living index of 42.2 and a country GDP of $30.1 trillion, offers retirees a higher cost of living but compensates with a tranquil environment.
8. Oman
- Global Peace Index: 1.889
- Average Monthly Cost of Living: $1,513
- A cost of living index of 32.5 and a country GDP of $110.2 trillion make Oman an attractive destination for retirees seeking safety and affordability.
7. Cambodia
- Global Peace Index: 1.882
- Average Monthly Cost of Living: $1,387
- With a cost of living index of 29.8 and a GDP of $30.2 trillion, Cambodia stands out as a peaceful and budget-friendly haven for retirees.
6. Jordan
- Global Peace Index: 1.849
- Average Monthly Cost of Living: $1,331
- Jordan combines a lower cost of living index of 28.6 and a higher country GDP of $50.5 trillion, offering retirees a well-balanced lifestyle.
5. Indonesia
- Global Peace Index: 1.800
- Average Monthly Cost of Living: $940
- Indonesia boasts the lowest cost of living index (20.2) and the highest GDP ($1.4 quadrillion) on the list, making it an affordable and vibrant choice for retirees.
4. Vietnam
- Global Peace Index: 1.786
- Average Monthly Cost of Living: $1,117
- With a cost of living index of 24 and a GDP of $462.6 trillion, Vietnam provides retirees with a safe and affordable retirement experience.
3. Mongolia
- Global Peace Index: 1.775
- Average Monthly Cost of Living: $940
- Mongolia shares the lowest cost of living index (20.2) with Indonesia, but a lower GDP of $21 trillion, offering retirees a unique blend of affordability and safety.
2. Kuwait
- Global Peace Index: 1.739
- Average Monthly Cost of Living: $1,741
- Kuwait’s cost of living index (37.4) and its overall peace index score make it a desirable choice for retirees seeking a secure and comfortable lifestyle.
1. Malaysia
- Global Peace Index: 1.471
- Average Monthly Cost of Living: $1,066
- Topping the list, Malaysia presents a cost of living index of 22.9 and a GDP of $481.9 trillion, making it a prime destination for retirees seeking affordability and tranquility.
The comprehensive analysis conducted by GOBankingRates offers prospective retirees a valuable resource to consider when planning their overseas retirement. With a focus on safety, affordability, and cultural richness, these top 10 Asian countries present retirees with a diverse range of choices for an enriching retirement experience.
https://www.nasdaq.com/articles/10-safest-places-to-retire-in-asia-for-less-than-%242k-a-month
