Cuba

Cuba wasn't previously thought of as a good vacation spot, much less a practical location for an overseas retirement.

However, many adventurous expats have now chosen to call Cuba home as a result of America's softer stance toward this little Caribbean nation and the improvement in its reputation globally. They have discovered a largely tranquil nation where as long as you know Spanish, integration is feasible and where the cost of living is extraordinarily low.

Rent in Cuba is 61% less expensive than in the USA and 51% less expensive than in the UK. If you're a British or American citizen, eating out will cost you 54% or 50% less respectively. The cost of groceries is 17% lower in the UK and 31% lower in the US. Between $6,000 and $60,000, the income tax rate ranges from 10% to 50%.

Cuba has one of the highest doctor-to-patient ratios in the world and healthcare is widely available. Although there are periods when facilities are subpar and resources are scarce, the country's life expectancy is comparable to that of America. Therefore, Cuba should not be avoided as a foreign retirement location due to medical needs. In addition, for a variety of medical treatments, the costs in paid hospitals and clinics for foreigners and tourists can be up to 80% less than in the US.