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Retiring abroad is a dream for many Americans looking for a better lifestyle and lower costs — but where you choose will determine if you can actually afford to live well. According to InternationalLiving.com’s 2026 Global Retirement Index, Greece ranks as the No. 1 destination for retirees, and it’s especially suited for retirees on a budget.
From stunning coastlines to affordable healthcare, here’s why Greece tops the list — and exactly how much it costs to retire there.
Why Greece Is the Top Budget-Friendly Retirement Destination
Retirees love Greece for its climate, slow pace of life, sense of community and easy access to nature. There is also access to affordable private healthcare, and obtaining residency is a straightforward process.
“Greece offers more than just a change of scenery,” said one local retiree. “It presents a chance to relocate abroad with various residency options. You’ll find that not only can you live at a lower cost, but you can also embrace a rich and fulfilling lifestyle.”
How Much Does It Really Cost To Retire in Greece?
The costs to retire in Greece are significantly less than what it costs in many places in the U.S. The average retired couple can live well on $3,400 to $3,500 a month. Here’s how those costs break down.
Housing
- Rent for a three-bedroom home with sea views: $930-$1,200 a month
- Rent for a modest two-bedroom home: $700-$930 a month
- Inexpensive rental on the mainland: $350-$700 a month
- Cost to buy a three-bedroom home with sea views: $465,000
- Cost to buy a small one-bedroom townhouse in a rural inland village: $42,000
Food
- Dinner for two with wine: $35-$60
- Fresh produce: $30 per week
Gasoline
Healthcare
- Private insurance for a couple: $290 a month
- Average out-of-pocket costs for a couple: $1,200 per year
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