The best European countries for retirement

Every year, millions of hard-working employees finally close their laptops, put down their toolbox or shut up shop to embark on a well-deserved retirement. To help them choose the best retirement destination, we’ve ranked the best European countries for retirees based on numerous ranking factors.

Country

Rank

Crime Index

Over the age of 65 (% of population)

Cost of living index

House price

Life expectancy

Final score

Spain 1 31.07 19.7% 54.74 9.48 83.3 3.58
Finland 2 22.75 21.6% 72.18 7.88 81.4 3.52
Italy 3 44.35 23.3% 69.02 9.45 83.2 3.48
Slovenia 4 22.01 19.7% 54.17 10.6 81.2 3.43
Netherlands 5 28.54 19.2% 75.22 7.52 81.6 3.37
Portugal 6 30.11 21.9% 50.77 13.04 81.1 3.35
Germany 7 34.6 21.7% 66.57 9.42 81.0 3.34
Greece 8 39.29 20.6% 56.72 9.96 81.4 3.33
Denmark 9 24.72 19.8% 83.88 7.52 81.0 3.32
Austria 10 23.23 19.4% 72.15 10.64 81.6 3.30
Malta 11 37.73 19.9% 65.43 11.27 82.5 3.27
Belgium 12 42.5 18.8% 73.13 6.92 81.4 3.25
Estonia 13 22.17 19.7% 50.99 9.07 77.6 3.24
Sweden 14 47.21 20.1% 70.11 9.61 82.3 3.22
Iceland 15 23.15 14.8% 97.22 6.41 82.2 3.16
Cyprus 16 29.62 13.7% 58.39 8.01 80.7 3.16
United Kingdom 17 43.64 18.7% 65.33 9.82 81.2 3.12
Switzerland 18 21.18 18.6% 122.67 9.11 83.6 3.126
Czech Republic 19 25.99 19.5% 45.7 14.44 79.5 3.11
Poland 20 29.67 17.3% 39.38 10.95 77.9 3.08
Croatia 21 24.23 20.1% 50.05 12.69 77.8 3.08
Ireland 22 46.18 14.3% 76.33 7.09 82.0 3.03
Norway 23 33.51 17.0% 104.49 8.61 82.5 3.01
Bulgaria 24 39.31 21.1% 37.37 8.98 74.8 3.01
France 25 46.45 20.1% 74.62 13.67 82.5 2.99
Luxembourg 26 30.17 14.5% 84.68 11.34 82.7 2.97
Slovakia 27 29.18 15.6% 44.65 10.08 77.2 2.95
Romania 28 27.84 18.3% 36.07 11.2 75.3 2.94
Latvia 29 36.6 20.0% 49.55% 8.71 74.7 2.89
Hungary 30 35.41 19.2% 41.7 12.49 76.1 2.85
Bosnia And Herzegovina 31 43.57 17.0% 36.19 12.65 77.1 2.80
Lithuania 32 34.82 19.2% 45.41 10.99 74.7 2.79
Montenegro 33 39.67 15.3% 39.37 14.09 77.3 2.68
Albania 34 40.02 13.6% 36.63 15.19 78.5 2.67
Georgia 35 20.18 15.0% 27.78 13.59 73.4 2.66
Macedonia 36 39.22 13.7% 32.27 13.27 75.9 2.60
Belarus 37 24.8 15.0% 33.02 14.29 74.1 2.60
Turkey 38 39.86 8.4% 35.66 8.89 76.0 2.57
Serbia 39 37.63 17.9% 36.3 19.41 76.1 2.47
Armenia 40 20.78 11.4% 32.7 16.11 74.8 2.45
Russia 41 41.7 14.6% 38.59 11.09 72.1 2.36
Ukraine 42 49.04 16.8% 30.94 13.42 71.8 2.29
Moldova 43 45.7 11.5% 32.63 13.13 71.7 2.10
Kazakhstan 44 64.23 7.2% 30.06 11.69 73.0 1.92
Azerbaijan 45 32.68 6.2% 29.81 19.47 72.1 1.73
Spain is the best European country for retirees
The historic country hosts a wealth of great towns, cities and coastal locations which draw millions of retirees to their border each year. The great weather, food and friendly locals make Spain the perfect destination for anyone looking to relax in their ‘golden years’.

Best country for house prices

The Nordic country of Iceland has the lowest house prices on average across Europe. The remote, yet beautiful country has often been referred to as the most peaceful place on earth thanks to its low crime rates, stunning scenery and magical charm of the northern lights.

Best country for over 65’s

The country of Italy has the largest percentage population over the age of 65, meaning retirees will be surrounded by people of a similar age range. Italy is famous for its cuisine and friendly locals. This, complimented with the warm weather, makes it a near perfect location to retire.

Best country for life expectancy

Switzerland has the highest life expectancy rates across the entirety of Europe, with the average person living to over 83 years of age. The peaceful and relaxing mountain landscapes, and wealth of outdoor activities such as skiing, make Switzerland the perfect location to both relax and stay active.

Best country for cost of living

The country of Georgia has the lowest cost of living across the entire of Europe. The country is a gateway between Europe and Asia, and hosts some of the most beautiful areas and national parks that the world has to offer. An often-overlooked retirement location for those looking to get more for their money.

Methodology:

To calculate the index, we first normalised the data categories individually from 0 to 1 and then summed the results.

On this scale, for

  • Crime – The area/state with the highest rate of crime would be weighted closer to 0
  • Cost of living - The area/state with the highest cost is weighted closer to 0
  • 60 and over – lower % of population is weight closer to 0
  • Property prices – Higher property prices are deemed less desirable so are weighted down
  • Life expectancy – Lower life expectancy is less desirable so weighted down

Europe’s best retirement destinations – Blacktower

Europe hosts some of the best global retirement destinations. As millions of retirees search for a location that allows them to enjoy their retirement we have created an index to help you choose the perfect place to retire in Europe.