WorldPopulationReview.com published a list of the most common destinations of Americans who expatriated in 2024. The full list of 10 countries:
- Mexico – 799,248 expats
- Canada – 273,226
- United Kingdom – 170,771
- Puerto Rico – 159,515
- Germany – 152,639
- Australia – 116,620
- Israel – 76,794
- South Korea – 68,050
- France – 61,668
- Japan – 58,340
In the video, we explore some of these destinations, detailing the cost of renting a one-bedroom apartment in city centers, the pros and cons of relocating, the climate, and the prevalence of expatriate communities.
Portugal
Portugal has become a favored destination for many Americans, mainly due to its relatively low cost of living and welcoming atmosphere. In Lisbon, the capital city, a one-bedroom furnished apartment in the city center can be found for under $1,000 per month.
Portugal boasts a mild Mediterranean climate characterized by warm summers and mild winters, making it appealing year-round. Its rich cultural heritage, scenic landscapes, and high quality of life are significant attractions. However, potential downsides include bureaucratic hurdles in securing residency and learning the Portuguese language to fully integrate. Nonetheless, Portugal hosts a growing expatriate community, offering support and social networks for newcomers.
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Spain
Spain’s diverse regions and vibrant culture have long attracted expatriates. Cities like Barcelona and Madrid offer a cosmopolitan lifestyle with relatively affordable living costs. For instance, in Madrid, rental prices for one-bedroom apartments in the city center are competitive, although exact figures can vary.
The country’s Mediterranean climate ensures hot summers and mild winters, particularly in southern regions. Spain’s public healthcare system is highly regarded, and the cost of living is generally lower than in many U.S. cities. However, challenges may include navigating bureaucratic processes and achieving language proficiency. Spain’s well-established expatriate communities, especially in cities like Madrid and Barcelona, provide ample support for newcomers.
Mexico
Mexico is one of the most popular destinations for American expatriates, with an estimated 1.6 million Americans residing there as of 2022. The country’s proximity to the United States and its affordable cost of living make it particularly attractive. In Mexico City, the average monthly rent for a one-bedroom apartment in the city center is approximately $650 and is increasing.
Mexico’s diverse climate ranges from tropical beaches to temperate highlands, catering to various preferences. The rich cultural scene, delicious cuisine, and friendly locals add to its appeal. However, concerns about safety in certain areas and the need for Spanish language skills can be potential drawbacks. Nonetheless, Mexico’s large and active expatriate communities, particularly in cities like Mexico City and Guadalajara, offer a supportive environment for newcomers.
I lived in Mexico for six years straight and loved it. I highly recommend Puerto Vallarta, Acapulco, and even Cabo.
Vietnam
Vietnam has emerged as an affordable and vibrant destination for expatriates. According to the Expat Insider 2024 survey by InterNations, the country has been named the world’s most affordable place to live for the fourth year in a row. In cities like Ho Chi Minh City, the average monthly rent for a one-bedroom apartment in the city center is approximately $500.
Vietnam’s tropical climate features hot and humid weather with a distinct rainy season. The country’s rich history, delicious cuisine, and friendly locals are significant attractions. However, challenges may include adjusting to cultural differences and language barriers. Vietnam’s growing expatriate communities, particularly in cities like Ho Chi Minh City and Hanoi, offer support networks for newcomers.
Ecuador
Ecuador offers a diverse landscape and a low cost of living, making it attractive to expatriates. In cities like Cuenca, the average monthly rent for a one-bedroom apartment in the city center is approximately $500. The country’s climate varies by region, with coastal areas experiencing a tropical climate while the highlands enjoy a more temperate climate. Ecuador’s rich biodiversity, affordable healthcare, and use of the U.S. dollar as its official currency adds to its appeal. However, potential downsides include concerns about safety in certain areas and adjusting to a different pace of life. Ecuador’s established expatriate communities support newcomers, particularly in cities like Cuenca and Quito.
Costa Rica
Costa Rica’s stable democracy, natural beauty, and relatively low cost of living have made it a popular destination for American expatriates. In cities like San José, the average monthly rent for a one-bedroom apartment in the city center is approximately $700.
The country’s tropical climate offers warm temperatures year-round, with distinct wet and dry seasons. Costa Rica’s excellent healthcare system, friendly locals, and emphasis on environmental conservation are significant attractions. However, challenges may include a slower pace of life and the need for Spanish language skills. Costa Rica’s well-established expatriate communities, particularly in areas like the Central Valley and coastal regions, offer support networks for newcomers.
I loved Costa Rica and hope to return while traveling the world slowly. The problem I have with Costa Rica is that it has no military. Being an ex-Army wife, I feel slightly disconnected from my country when I spend too much time there. This is just me. The country is one of the most peaceful countries I have ever lived in.
Panama
Panama’s strategic location, use of the U.S. dollar, and affordable cost of living have made it an attractive destination for American expatriates. Panama City’s average monthly rent for a one-bedroom apartment in the city center is approximately $1,000. The country’s tropical climate features warm temperatures year-round, with a rainy season from May to December. Panama has modern infrastructure and an excellent healthcare system.
Conclusion
It is highly recommended that you stay in your desired retirement destination for one or two months before making any final decisions. This is the key to making the best decision about your retirement.
