The island nation of Sri Lanka has been ranked the world’s most affordable destination to retire in 2026 by the renowned travel publication Travel + Leisure, highlighting the country’s growing appeal among global retirees seeking value without sacrificing lifestyle.
The recognition comes amid rising financial pressures on retirees worldwide. A recent report by U.S.-based insurer F&G noted that nearly one in four seniors in the United States postponed retirement in 2025 due to concerns about savings and long-term financial readiness. Against this backdrop, destinations offering lower living costs and comfortable lifestyles are gaining renewed attention with Sri Lanka emerging as a standout choice.
According to expat experiences cited in the ranking, retired couples can live comfortably on approximately $2,200 per month, covering accommodation, healthcare, transportation, leisure, and dining. Affordable housing plays a central role in the island’s appeal, with beachside rental properties often available for under $400 monthly, while utility expenses remain comparatively modest.
Everyday living costs further enhance affordability. Fresh produce and seafood purchased from local markets are inexpensive, and dining out remains accessible, with three-course meals for two averaging about $50 often less for local cuisine. Public transportation, including scenic long-distance rail journeys, is also priced at only a few dollars, allowing retirees to explore the country affordably.
Healthcare availability is another significant factor. Private hospitals in Colombo provide modern medical facilities and dependable services, while retirement visa processes are viewed as relatively straightforward and cost-effective compared with many other Asian retirement destinations.
The 2026 affordability ranking also featured Vietnam, Thailand, Bali, and Malaysia among the top choices, reflecting a broader trend of retirees seeking value-driven living in Asia.
As global living costs continue to rise, Sri Lanka’s combination of scenic coastal living, affordable daily expenses, accessible healthcare, and relaxed lifestyle positions the country as an increasingly attractive retirement destination for international retirees looking to stretch their savings while maintaining a high quality of life.
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