Start Your Beachfront Retirement in 30 Towns Under $40,000 a Year

3. Phnom Penh, Cambodia

Cambodia, particularly Phnom Penh, stands out as an affordable retirement destination. The locals are warm and welcoming, and many are proficient in English, easing the transition for Americans. With just two seasons and consistent tropical temperatures, it's a haven for those who enjoy warm climates and lush greenery.

Living costs are remarkably low, allowing expats to maintain a high quality of life on a modest budget. Apartments in Phnom Penh can be rented for as little as $250 per month, while utilities and food expenses remain reasonable. With the favorable exchange rate, the US dollar goes a long way, ensuring retirees can enjoy a comfortable lifestyle without financial strain.