7 countries where you can afford to retreat to the beach

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Retreating to a quiet place by the beach is a dream of many around the world. Perhaps the last two years of pandemic-related upheaval have intensified the dream of getting away from the daily grind and relocating to somewhere ideal. And for many, life by the beach is that ideal. By Patricia Doherty

In most places, beachfront property is expensive and house prices are out of reach for many retirees. However, a number of countries around the world offer pristine beaches, low costs of living and attractive lifestyles, making them affordable destinations for those whose hearts are set on seaside living. .

These are some of the countries that make it possible to find that place by the sea and live comfortably for a fraction of what it would cost in other posh parts of the world. Most have expat communities, reasonably priced health care, affordable homes, and residency options.

Countries that made retirement and life by the beach easier

Ecuador

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Five hundred miles (804 km) of shoreline, quaint fishing villages and moderate weather are good starting points for retirement in this South American country. Another thing is that they use US dollars as their currency. Good quality health care is available at reasonable prices and public transport in many cities makes cars unnecessary. In the city of Cuenca, for example, the cost of living is 66% cheaper and rents about 88% lower than in New York.

Nicaragua

Nicaragua
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Located in Central America, Nicaragua is nicknamed “The land of lakes and volcanoes”. The country faces the shores of the Caribbean Sea and the Pacific Ocean, so there is plenty of beachfront to explore, in addition to rivers, lakes, and rainforests. The cost of living is low and there are residence options for retirees requiring a monthly income of at least 600 USD (INR 47,903). In most places US dollars are accepted and the Nicaraguan government offers tax incentives and encourages investment in the country. For example, income from outside the country is not taxable.

Thailand

Beachside Retreat
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Retirees have their pick of beachfront locations in Thailand, including a number of tropical islands. The cost of living is low, the people are friendly, and the food is delicious, making this country a great retirement destination. The overall cost of living is around 38% lower than in the United States of America and the rent is around 64% lower. Retirement visas are available to people aged at least 50 with a valid passport, background check, at least 24,500 USD (19 56 051 INR) in a Thai bank account and a monthly income of around 2 000 USD (1,59,677 INR).

Vietnam

Vietnam
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With 2,000 miles (3,218 km) of coastline, finding retirement beachside accommodation should be relatively easy. Retirees will most likely rent since foreigners are not allowed to own land except for some condo developments in major cities. For comparison, the rent is around 69% lower than in the US and the cost of living is low – around 47% lower than in the US. Most retirees opt for the private health care system where costs are low and quality is high. The food is delicious and the prices are low.

Belize

Beachside Retreat
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Although not the cheapest option for retreating to the beach, Belize offers many advantages. First, there are miles of beautiful coastline, and for a change of scenery, there’s dense rainforest on the mainland. The overall cost of living is about 28% lower than in the United States of America and the rent is 73% lower. Residents speak English and Belize currency and US dollars are accepted. The Qualified Retired Persons Residency Scheme, an easy way to establish residency, requires an income of at least 24,000 USD (INR 19,16,132) per year along with a background check and medical examination.

Colombia

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This South American country offers coastline on both the Pacific Ocean and the Caribbean Sea, so retirees looking for a beach life have plenty of options, and the Andes mountains and forest Amazon are nearby for a change of scenery. The cost of living is about 61% lower than in the US and rents are a bargain, on average 80% lower than in the US. Medical and dental care is high quality and affordable, with public and private institutions available. Several visa categories are available, and the most common Migrant Pensionado visa requires a minimum monthly income of around 717 USD (INR 57,244).

Mexico

Beachside Retreat
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Bordered by the Gulf of Mexico to the east and the Pacific Ocean to the west, Mexico offers approximately 9,656 km of coastline. Baja California, Acapulco, Cancun, Puerto Vallarta, Rosarita, and La Paz are a few well-known beaches, and quiet fishing towns might attract retirees with lower costs and laid-back atmospheres. Mexico’s low cost of living, climate and affordable health care are attractions, with rents about 70% lower than in the United States of America. Becoming a resident is relatively easy. For temporary residence, a monthly income of around 2,100 USD (1,67,661 INR) is required, and for permanent residence, the minimum income is 2,700 USD (2,15,564 INR). Bank account requirements are around 36,000 USD (28 74 198 INR) and 149 000 USD (1 18 95 988 INR) respectively.

This story first appeared on travelandleisure.com

Main and feature image credit: Getty Images

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