5 Best Countries to Retire in Europe

As part of our guest writers series, we are excited to welcome back Martyna Inkielman, a content writer at PhotoAiD. The PhotoAiD app is an excellent service that allows you to take the perfect biometric passport photo from home. You get to choose the image you look best in. We all hate those awful ones most of us have on our passports.

Martyna will be contributing multiple data-based articles that will provide insight to our readers. This article details the top 5 European countries to retire and why. Are you considering living overseas and working as a digital nomad? Many of the factors that Martyna mentions apply to digital nomads as well.

We have been to all of these countries except for Cyprus. It is an island country located in the eastern Mediterranean Sea. It is geographically in Western Asia, but its cultural ties and geopolitics are overwhelmingly European. Cyprus is high on our to-do list and looks incredible.

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Often when you think your’re at the end of something, you’re at the beginning of something else.

Fred rogers

Retirement is a time for well-deserved rest after a long and hard-working life. Many retirees seek the perfect location for their golden years, hoping to improve their quality of life. With its picturesque coastal towns to vibrant cities brimming with culture, Europe surely has a lot to offer. But – with so many places to choose from, it can be hard to decide which is the best. That’s why Passport Photo Online put together a 2023 ranking of the best places to retire in Europe based on four metrics: safety, healthcare, affordability, and weather.

Why Should You Retire in Europe?

Retirement in Europe is seen as a time to savor the rewards of hard work rather than the end of your productive life.

With numerous opportunities to learn new things and expand your horizons, retiring in Europe can be a truly enriching and fulfilling experience. Whether you’re interested in exploring the local art scene, immersing yourself in a new language or culture, or simply enjoying the countryside’s natural beauty, there is always something new and exciting to discover.

Affordable healthcare and a lower cost of living compared to the US makes retiring in Europe a comfortable and stress-free experience. Retirees can easily enjoy a more relaxed lifestyle without sacrificing their standard of living. They can take advantage of the abundant cultural offerings, travel opportunities, and excellent food and wine without breaking the bank.

Based on the ranking of 37 best countries in Europe to retire, here are the best options.

1. Malta

Malta is the best European country for retirement, and it’s not hard to see why. The Mediterranean island offers retirees a combination of great weather, excellent healthcare, and stunning scenery. With its mild climate and plentiful sunshine, Malta’s weather is near-perfect, even in the winter when temperatures stay at a comfortable 60°F (15°C). This makes it an ideal location for retirees who enjoy spending time outdoors and engaging in various leisure activities.

Moreover, Malta’s healthcare system is world-class, providing high-quality medical care to its residents, which is free or subsidized. Retirees who may have concerns about healthcare costs can rest easy knowing they are in good hands on the island.

Malta is also home to a rich cultural history and picturesque landscapes, making it a great place for exploration and adventure. From the stunning coastlines to the Baroque churches and medieval architecture, there is always something to discover in this beautiful country.

The top three cities to retire in Malta:

• Valletta (capital): a peaceful and serene atmosphere
• St Julian’s: vibrant nightlife scene
• Marsaxlokk: seafood galore

2. Cyprus

With its impressive average of 3,314 hours of sunshine each year, Cyprus is ranked as the second-best European country to retire in.

Aside from the weather, Cyprus also offers a lower cost of living compared to many other European countries and affordable healthcare. This can be a huge advantage for retirees who may be looking to make the most of their retirement funds.

Moreover, Cyprus is known for its low crime rates, which can provide an added sense of security and peace of mind for retirees. The friendly, welcoming culture is also a big plus for those looking to retire in a place where they can feel at home.

And when it comes to things to do, Cyprus has plenty to offer. From exploring ancient ruins to soaking up the sun on the beach, you’ll never find yourself looking for things to do.

The top three cities to retire in Cyprus:

• Paphos: affordable real estate
• Limassol: business capital
• Nicosia (capital): touristy and lively atmosphere

3. Italy

Italy is an excellent destination for retirees, with many things to offer. Although the cost of living may be average, the country has many other appealing features that make it an ideal place for retirement.

One of the main attractions of Italy is its pleasant climate, which can be experienced in various regions throughout the year. In addition, Italian cuisine is world-renowned, providing retirees with endless opportunities to savor delectable dishes that will leave them feeling satisfied.

Another notable feature of Italy is its breathtaking landscapes, with stunning scenery that is sure to capture your heart. Whether it’s the rolling hills of Tuscany, the sun-kissed beaches of Sicily, or the majestic lakes in the north, there are plenty of stunning places to explore and enjoy.

The top three cities to retire in Italy:

• Sicily: low cost of living
• Rome (capital): mix of culture, history, and food
• Padua: friendly and welcoming

4. Sweden

Sweden may not be the most obvious choice when you think of retirement destinations, but it is a remarkable option, securing the fourth spot in the rankings.

One of the reasons Sweden is such an attractive choice is due to its first-rate healthcare system. Retirees can benefit from affordable, high-quality healthcare services, including free preventive care.

Safety is another aspect that Sweden is renowned for, with a low crime rate and minimal risk of natural disasters, making it a peaceful and secure place to retire.

Swedish cities are generally pedestrian-friendly and offer an array of entertainment and dining options. Whether exploring the cultural scene, going to local markets, or trying Swedish delicacies, retirees can find plenty to do and enjoy during their leisure time.

The top three cities to retire in Sweden:

• Stockholm (capital): green and diverse
• Gothenburg: recreation, culture, and arts
• Malmo: warmer climate in winter

5. Spain

Last but not least, there’s Spain.

It’s one of the sunniest European countries so you can enjoy great weather all year round.

The country is also home to abundant olive groves, vineyards, and fruit orchards, which produce some of the finest ingredients for mouthwatering regional dishes and world-class wines.

Whether you want to savor Catalonia’s famous paella, sip Rioja in La Rioja Province, or enjoy a glass of Pedro Ximénez in Andalusia, Spain won’t disappoint.

The top three cities to retire in Spain:

• Madrid (capital): mix of traditions, culture, and delicious dishes
• Alicante: friendly and welcoming with a small-town feel
• Valencia: beach town

Traveling soon? Check out if your destination is one of our Country Travel Guides

Best Countries in Europe to Retire Ranking

Are you curious how other countries rank? Check out the ranking of the 37 countries in Europe.

How to Retire in Europe: Actionable Tips

Once you’ve picked your dream destination, it’s time to look into how to establish residency there.

Now—

It’s important to understand that each European country has visa and residency requirements.

Some might require evidence of a minimum income level, while others will ask you to show substantial savings or even purchase real estate.

That’s why it’s best to get professional advice on visas, residence permits, taxes, insurance, and more before you decide to move.

Interested in how you can travel for free? Check out our article here.

Writer’s bio

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