Forbes: Greece a ‘Sunny Wonderland’ for American Retirees Moving Abroad

Athens, Greece. Photo source: Forbes

Forbes magazine lists Greece among the top countries for American retirees looking to move abroad, praising the country for its low cost of living and good weather.

According to a recent article, the popular Greek destinations for retirees are Athens, Naflpio, Trikala, and Mykonos, described as a “sunny classical wonderland in the Mediterranean.”

Greece offers several advantages over the US, including a budget-friendly everyday life, a quality and affordable healthcare system, and a straightforward process for obtaining a residence permit.

What makes Greece special

Nafplio, Peloponnese. Photo Source: Municipality of Nafplio

Unfolding the benefits of moving in Greece, William P. Barrett, Forbes editor, highlights that the cost of living for most places is considerably below the U.S. average. Health care is considered good and affordable, but private health insurance is required.

However, he recommends that readers learn some Greek to ease their transition into the country and seek professional assistance when necessary.

“Taxes are high, but there is a long-standing tax treaty with the U.S. against double taxation,” Barrett adds. “Most ex-pat retirees start by applying for a renewable Financially Independent Person Visa, requiring a minimum annual income for a couple of 26,000 dollars.”

Castle of Trikala. Photo source: Municipality of Trikala

Furthermore, Greece is generally considered a safe country, with a low rate of serious crime.

As for disadvantages, the author points out Greece’s vulnerability to climate change, with a significant risk of natural hazards. Additionally, flights to the U.S. are long and typically require a stop or layover.

Recently, Forbes distinguished the Greek island of Paros as one of the top three must-visit destinations for summer vacations in 2024 showcasing its jaw-dropping views, and crystal waters.