Avg Utility Cost – The average monthly cost of utilities in each city, based on an 85m apartment.
Min Retirement Savings Needed – Using Numbeo’s estimator, they calculated the cost of living per year for a moderate lifestyle and multiplied this by the retirement length.
Cost of Living Index – A score ranking the cost of living in each city according to Numbeo.
Green Space – The percentage of land in each city that is defined as green space, according to isglobalranking.
Healthcare Access – The percentage of residents that live within 1km of healthcare + education in each city, according to pedestriansfirst. [Europe Only]
No of Fitness Clubs – The number of health/fitness clubs & gyms in each city, according to TripAdvisor.
No of Cafes – The number of cafes in each city, according to TripAdvisor.
No of Golf Courses – The number of golf courses in each city, according to TripAdvisor.
The capital city is renowned for its abundant and well-maintained green space, making it a great destination for nature lovers and retirees seeking tranquillity and recreational opportunities. Some of the city’s most popular spots to explore include Maksimir Park, Zrinjevac Park, and Bundek Park.
Bucharest, Romania, ranks in fourth place thanks to its low monthly rental costs, averaging at €358 per month.
Other cities to highlight include Rome, Italy, which boasts an incredible variety of amenities for retirees to explore, including 79 fitness centres, 13 golf clubs, and 1,052 cafes to explore for those looking to keep up their fitness levels all while maintaining a social life.
Let’s not forget to mention the rich history that comes along with the city, with many historical landmarks such as the Colosseum and St Peter’s Basilica at your doorstep.
Top 10 cities to retire in Europe:
- Sofia, Bulgaria – 5.5
- Budapest, Hungary – 5.1
- Zagreb, Croatia – 5.1
- Bucharest, Romania – 5
- Rome, Italy – 4.9
- Krakow, Poland – 4.9
- Wroclaw, Poland – 4.9
- Prague, Czechia – 4.8
- Warsaw, Poland – 4.7
- Belgrade, Serbia – 4.6
Dan Marshall, group head of digital at Moneypenny, said: “We understand that retirement is more than just relaxation. By considering factors such as cost of living, green space, and variety of amenities, we hope to provide a guide that helps retirees find a location that meets their lifestyle preferences and ensures a fulfilling and well-earned retirement.”