There are a growing number of retirement communities or retirement villages in Spain, some of them more established than others – Ciudad Patricia has been around for over 30 years and has a warm and welcoming multinational community.
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If you're planning to live abroad when you retire, you'll still be able to claim your State Pension if you've paid enough National Insurance contributions to qualify.
You can retire comfortably on about $2,000-2,200 a month, about $25,000-27,000 a year. If you choose to live a bit further away from the big cities, you can retire at approximately $1,700-1,900 a month, which is about $20,000-22,000 annually.
Murcia isn't only one of the most affordable cities to live in Spain, it's one of the most affordable on the whole Mediterranean coast. Finding reasonable accommodation in Spain is always essential for keeping costs down. And Murcia offers really cheap places to stay in Spain.
Cartagena, MurciaCartagena is on the coast of Murcia and is one of the cheapest coastal towns to live in. It has some of the least built-up and wildest beaches in Spain. It is an ancient city whose streets and monuments preserve the memory of its rich historical past.
Overall, total living costs in Spain are an incredible 21% cheaper than in the UK. This represents the average for the whole country, and depending on exactly where you are relocating from and to, this could be even higher.
You can stay in Spain for a maximum of 183 days per year (6 months) in order to not become a resident. If you spend an extra day (184 days and onwards), you will be regarded as a resident, hence paying resident taxes in the country.