Discover the 10 Safest and Affordable Asian Countries for Retirement, Malaysia Ranked #1

  • 10 months ago
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KLCC Malaysia

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:

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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

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