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Homeowners age 60 and older paid a median of $1,053 per month in housing costs, which dropped to $329 if they had paid off their mortgage. Kiplinger calls this the. In addition, many of the countries on International Livings Global Retirement Index actively court expats with incentives designed to entice them to come and to stay. And according to the Bureau of Labor Statistics, the average American age 65 and up spends nearly $46,000 per year -- or around $3,800 per month. 20 Items Costco Superfans Say To Stop Buying Due To Inflation, 5 Places in Florida Where You Can Live Only on Social Security, 3 Ways To Recession-Proof Your Retirement. 7. Homeowners age 60 and older paid a median of $1,053 per month in housing costs, which dropped to . But rent is $900 and groceries are $394.54. That may sound like a healthy number, but if you're spending $46,000 per year, that $210,000 will only last around 4.5 years. If we are living in a rented room, we have around $850 of our $1000 budget left. Why:As the largest and most diverse country (sharing borders with 11 neighbors) in Western Europe, its no wonder thatla belle Francehas gained increasing popularity as a top spot to retire on the continent, says International Living correspondent Tuula Rampont. Merida, Mexico. 5. Similar in feel to Asheville, but a lot less expensive, Brevard, North Carolina, is known as the land of the waterfalls. Located at the entrance to the Pisgah National Forest in the Appalachian Mountains, Brevard is also renowned for white squirrels, which are frequently spotted by residents. Tags: retirement, senior citizens, baby boomers. Doctor per 100,000 people: +145. Read:There is more to picking a place to retire than low taxes -- avoid these 5 expensive mistakes Also: 4 questions to answer before you make any big changes to your life in retirement St. George . If You Love All Four Seasons: Brevard, North Carolina. Are you considering joining the approximately 47 millionAmericans who are retired? . The Cost:This good life comes with an affordable price tag. Starting with the essentials, a pack of cigarettes will set you back around $2 and a 1/3 of a litre of San Miguel beer $2.1. Why: Thailand climbed in the ranking this year to be International Livings #1 pick in Asia. Comparative assessments and other editorial opinions are those of U.S. News