Want To Retire In Europe? Six Great, Affordable Places

Affordable Retirement in Europe: 6 Enchanting Destinations

Introduction to Affordable European Retirement

Retirement is often envisioned as a time to unwind, explore new cultures, and live life on one’s own terms. For many, Europe seems like an ideal destination, but the misconception that it’s prohibitively expensive deters some from considering it. However, a recent report by International Living (IL) reveals that Europe offers several affordable and desirable retirement options. Six European destinations made it to IL’s list of 16 most affordable and picturesque places worldwide where one can retire comfortably for under $1,500 a month. These destinations, spread across Portugal, Spain, and France, promise a high quality of life, rich cultural experiences, and scenic beauty, challenging the myth that a European retirement requires a fortune.

Bragança, Portugal: A Medieval Town with Modern Amenities

Bragança, nestled in northern Portugal, is a medieval city surrounded by majestic mountains and natural parks. This charming town, with a population of 34,000, offers modern amenities, including a private hospital and a contemporary shopping center, while maintaining its historical charm. Furnished apartments in Bragança are affordably priced between $400 and $500 per month. A monthly budget of $1,500 or less is sufficient for a couple to cover rent, utilities, transportation, healthcare, and food, making it an attractive option for retirees.

The cobblestone streets of Bragança invite leisurely strolls past its 12th-century castle and bustling local markets where fresh produce and artisanal products are available. The town comes alive with festivals throughout the year, celebrating its medieval heritage and religious traditions. Dining out is affordable, with meals starting from $15 at mid-range restaurants, and the nearby Parque Natural de Montesinho offers opportunities for both leisurely walks and challenging hikes. The continental climate with hot, dry summers and cold, wet winters keeps the landscape lush and green. Learning Portuguese is made easier with free language courses offered by the government, aiding expats in integrating into the community.

Covilhã, Portugal: A Mountain Retreat with Modern Comforts

Covilhã, located in central Portugal at an altitude of 2,359 feet, is another enticing retirement destination. This historic town, part of Portugal’s Historical Village Route, offers a unique blend of medieval fortified walls, modern leisure facilities, and proximity to the Serra da Estrela mountains, home to Portugal’s only ski resort. With a population of about 34,000, Covilhã enjoys a Mediterranean climate with comfortable summers averaging 75°F and mild winters around 45°F, making it ideal for outdoor enthusiasts.

Living costs in Covilhã are highly affordable, with meals starting at $8.50 at inexpensive restaurants and three-course dinners for two costing around $35. Housing is equally accessible, with a one-bedroom apartment in the city center renting for $500 per month, allowing couples to live comfortably within a $1,500 monthly budget. The town also boasts scenic river beaches and a rich cultural heritage, adding to its allure.

Oviedo, Spain: A City Rich in History and Culture

Oviedo, the capital of Asturias in northern Spain, is a city that harmoniously blends history, culture, and affordability. Situated less than 20 miles from the Bay of Biscay, Oviedo enjoys a mild marine climate with cool winters and pleasant summers averaging 75°F. Its historic architecture, including a 9th-century pre-Romanesque church and a vibrant university scene, makes it a lively destination with a population of 220,000.

A furnished one-bedroom apartment in a modern building costs around $630 per month, and a couple’s total monthly expenses can comfortably fit within $1,500. The city’s cultural scene is thriving, with numerous festivals and affordable dining options that cater to retirees seeking an engaging and fulfilling lifestyle.

Alicante, Spain: A Coastal Retirement Paradise

Alicante, located on Spain’s eastern Mediterranean coast, offers a blend of historic charm and modern amenities, making it a vibrant and cosmopolitan city. With a diverse population of about 330,000, Alicante provides a tapestry of cultural influences, reflected in its cuisine, festivities, and daily interactions. This blend of Spanish heritage and international flair creates an inviting environment for retirees.

A couple can enjoy a comfortable lifestyle in Alicante for under $1,500 a month, with central apartment rents starting at around $700. The city boasts stunning beaches, a rich cultural scene, and a pleasant climate, making it an ideal destination for those seeking both relaxation and cultural enrichment.

Granada, Spain: A City Steeped in Moorish History and Culture

Granada, nestled at the foot of the Sierra Nevada mountains in Andalusia, is renowned for its rich Moorish heritage and vibrant Spanish culture. With a population of 230,000, the city offers a lively yet laid-back atmosphere where youthful energy from its university scene mingles with traditional Andalusian culture. The tradition of free tapas with every drink adds to the delightful dining experiences, allowing couples to enjoy local cuisine without breaking the bank.

Granada’s allure lies not only in its historical grandeur, including the famous Alhambra palace, but also in its affordability. A one-bedroom apartment can be rented for as low as $450, and a couple can live comfortably within a $1,500 monthly budget. The city’s cultural vibrancy, combined with affordable housing and a high quality of life, makes it a top retirement destination.

Bergerac, France: A Quintessential French Retirement Experience

Bergerac, situated in the Dordogne region of southwestern France, offers a quintessential French retirement experience. Known for its medieval architecture, exquisite wines, and tranquil riverside living, Bergerac is a picturesque town that embodies the charm of rural France. The town is a center of art and history, classified as such for its cultural significance, and hosts various festivals, book fairs, and gastronomic events.

Despite France’s reputation for high living costs, Bergerac provides affordable living options. Couples can live comfortably on $1,500 a month, enjoying a peaceful lifestyle surrounded by vineyards and historical sites. The town is an ideal base for exploring southwestern France and beyond, offering retirees a chance to experience the French countryside without the high expense.

Conclusion: Your Affordable European Retirement Awaits

Jennifer Stevens, Executive Editor of International Living, emphasizes that retiring in Europe is more attainable than many realize. The six destinations highlighted—Bragança, Covilhã, Oviedo, Alicante, Granada, and Bergerac—offer a rich, fulfilling lifestyle at an affordable cost. These cities blend history, culture, and natural beauty, providing retirees with endless opportunities to explore and enjoy their golden years. For those looking to retire abroad, these European destinations prove that an affordable and high-quality retirement is not just a dream but a reality waiting to be embraced.