Spain
Since it has a sunny climate and the freedom of mobility within the European Union, Spain is a great retirement destination and a convenient base for travel. The cost of living varies among Spanish cities, with Barcelona, Bilbao, and Madrid being the most expensive. A more affordable location is Valencia. It has plenty of sun, culture, and ancient Roman ruins. Not to mention, it’s close to amazing historic sites in Córdoba and Granada. In Valencia, the average rent for a one-bedroom apartment is about $675. You’ll find more comparable prices in the coastal city of Málaga which is known for its beautiful beaches and Moorish history. Another option is Murcia which is located in a quiet wine region. Spain’s public health system offers high-quality health care, while affordable private care is also available.
Spain
How to retire in Spain
In order to retire in Spain, you’ll need to show proof of a minimum income if $2,500 a month, or alternatively $30,000 a year. On top of that, you’ll need to secure housing and sign up for health insurance that will also cover you in Spain. In the U.S., you need to fill out paperwork and submit it to the nearest Spanish consulate. It’s been recommended that you make multiple copies of your documentation and buy extra passport-sized pictures. Once you get to Spain, you’ll need those to get a foreign visitor number, known as the NIE. This number is the way you’ll be able to get a bank account, internet, and health care.
How To Retire In Spain
