20 Places Where You Can Retire With $150K

Italy

Enjoy the climate, culture and cuisine of Italy. You’ll find the Basilicata region extremely affordable. You could purchase a home there for about $32,000. If you prefer to rent, try the town of Matera, where a one-bedroom apartment rents for just under $600 a month.

The beaches of the Puglia region cost even less. You can dine on fresh seafood daily.

There’s no specific retirement visa. You’ll need an elective residency visa. You must prove your annual income of $35,000 per person based on pension, Social Security, 401(k) and/or other liquid assets.

You also must also provide your medical insurance and rental agreement. When you become an Italian resident, you can purchase coverage under its health care system for about $400 a year per person. Its health care system ranks second in the world, according to the World Health Organization.