France Crowned Best Country To Retire In Europe
With the recent news of the government's decision to not count government financial help towards the social care cap, Financial experts at Pension Times, have analysed a series of metrics and given each country in Europe an overall score, in order to find out which is the best to retire in.
France is the best European country for retirement with an overall score of 77.4
France has the highest life expectancy (85.3 years old) as well as the second highest number of residents over the age of 65 (14,017,120).
Iceland is the worst European city for retirement with a overall score of 32.9
Sweden (9th best country to retire) has the lowest average retirement age (61 years old)
With the 3rd lowest cost of living overall, Poland comes in as the second best city to retire in with a score of 71.4.
France, well known for its medieval cities, alpine villages and mediterranean beaches has come in as the best European country to retire in. It has the highest expected life expectancy of 85.3 years plus the cost of living is relatively low compared to countries like Iceland and Switzerland. France is also one of the countries with the lowest age of retirement (62 years).
Despite being known for their typical seafood dishes, warm weather and being a popular holiday destination, Portugal doesn’t make the top ten places to retire, ranking 23rd on the list. With only 22.77% of the total population being over 65 years old and a retirement age of 66.4 years, it’s far from an elderly person's haven.
The UK has been ranked the 16th best European country to retire in with an average life expectancy of 81.2 years and a relatively high cost of living. . The UK also has 11,989,322 people who are over the age of 65 years old and has an average age of 66 years old for retirement.
Famous for being called the land of the fire and ice due it’s volcanoes and glaciers, Iceland has been ranked the worst European country to retire in; with its high retirement age of 67 years old and high cost of living (100) it’s no surprise it came in last!
