10 European Cities Where Retirees Can Live on a Budget of $1,500 a Month

Finding the perfect place to retire means combining easy living with low-cost amenities. Europe offers a surprising number of beautiful cities that offer all that and much more. These 10 cities, renowned for their culture, natural beauty, and history, are among the most affordable places to live, especially for retirees on a tight budget.

Here are 10 of the best European cities where you really can retire stress-free and live comfortably on just $1,500 a month.

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Average rent: $677

Median home price per square foot: $1,700

Alicante is a city that has it all: sunny beaches, vibrant city life, and stunning landscapes. The low cost of living also means you can have the good life for less.

Monthly expenses before rent total around $700, with non-beachfront properties available for purchase at $200,000. Wide boulevards and numerous wheelchair-accessible areas make this an inclusive retirement destination.

Average rent: $745

Median home price per square foot: $520

Brno, the country's second-largest city after Prague, is a surprisingly affordable European destination for retirement. The average rent here, just outside the city limits, is around 73% lower than that of an equivalent apartment in New York City.

Retirees can take advantage of a reliable public transport system to save money and explore a city packed with sights like the 13th-century Špilberk Castle.

Average rent: $434

Median home price per square foot: $232

If you envisage your retirement as tranquil and relaxed, Kalamata on the Greek mainland could be your destination. Rent is much lower here than in many other European cities, and even newly built central apartments are relatively inexpensive.

Groceries are up to 52.9% cheaper than in many major American cities. Pair that with hot summers, mild winters, and a welcoming community, and Kalamata represents an idyllic retirement opportunity.

Average rent: $803

Median home price per square foot: $366

Despite its reputation for rich products like Douro and Port wine, the cost of living in Porto is surprisingly low. Utilities come to around $135 a month, leaving plenty to spend on adventures, culinary and otherwise.

For those concerned about mobility, Porto is exceptionally accessible, with ramps at all metro stations, elevators as standard in most places, and dedicated wheelchair spaces on buses.

Average rent: $582

Median home price per square foot: $507

Split offers UNESCO-listed sites, incredible nature, and some of the best beaches in Croatia. On average, the cost for a single person is $673 per month in Split. Opt for an apartment just outside the center, and you could have plenty left in your budget for luxuries.

Consider boat trips to the Elaphiti Islands or discover the many museums and Roman-style towns and villages.

Average rent: $646

Median home price per square foot: $307

Bucharest is Romania's richest city and has something for every budget. Average monthly costs work out to around $579 per month before rent or mortgage payments, so there's plenty left over for enjoying local life.

There's a thriving expat community here to make the transition to retirement easier. Plus, you can spend your golden years exploring sprawling parks, outdoor museums, and the stunning architecture of the city known as "Little Paris."

Average rent: $617

Median home price per square foot: $168

Once the largest city in Western Europe, Córdoba is now a popular retirement destination, offering a blend of relaxation, culture, and affordable living. Overall costs are 67% lower than major American cities, including surprisingly low property prices.

Córdoba's diversity means there's always something new to discover here. It's also close to Seville, Jerez, and Granada, opening up the rest of Spain for you to explore.

Average rent: $657

Median home price per square foot: $334

Bulgaria has some of the lowest wages in Europe, but also some of the cheapest living costs. Monthly expenses in Sofia are significantly lower than in the United States, with rent starting at $377 per month, depending on how central you want to be.

Cathedrals, castles, and incredible mountain scenery await retirees in Sofia. You can also take advantage of a comprehensive health care system and excellent public transportation to keep more cash in your wallet. 

Average rent: $550

Median home price per square foot: $112

A walkable city not too far north of Rome, Viterbo combines historical charm with the lush green of its natural surroundings. Beauty comes with a low price tag, and total monthly living costs in Viterbo average out at $1,287.

Retirees can explore the City of Popes, then relax in the local hot springs, which are free of charge. There's also a welcoming community here, so expats never feel alone.

Average rent: $545

Median home price per square foot: $279

Made famous by Gerald Durrell's memoirs, Corfu is a lush Greek island in the warm Ionian Sea. Settling here is less expensive than you might think, with monthly costs around 68% less than in American cities.

The mild to hot climate and relaxed attitude to life make Corfu popular among many retirees. With plenty to see and do, from walking tours to snorkeling, Corfu is a tiny slice of paradise.

Retiring in Europe could be a straightforward way to ensure your cost of living decreases as you age. It's always essential to check local requirements, such as whether you'll need visas, health insurance, and other essentials that may increase your costs.

Also, check if there is an existing expat community in your desired retirement destination. They may be able to help you understand the ins and outs of making a firm retirement plan.

You could rediscover romance and adventure or simply embrace the tranquility of your European retirement, for less.