1. Ecuador
Ecuador uses the American dollar as its currency, so it is an easy transition for Americans to make. But you can expect the living to be a lot more affordable, with housing somewhere between $300-$600 for an apartment or condo.
Health care is probably the biggest bargain, with costs averaging about 1/10th the cost of U.S. treatment – you’ll just need to head into a city to receive it. Retirees will find lots of great perks, such as 50% off on national and international airfare, cultural and recreational events, and some utility charges.