International Living published its list of the best places to retire for as little as $1,200 a month. The publication considered both quantitative data, such as rent prices, utility costs, and grocery bills, and insights from its global network of contributors to compile a list of 14 places spanning Europe, Asia, and Latin America.
Lead researcher Professor Katharina Spiess and her team questioned 30,000 people in Germany aged 20 to 52 for the study, focusing on both newcomers and those with deeper roots in the country. It asked each respondent to rate how "satisfied" they were with their life currently on a scale of 0 to 10. The aim, according to BiB, is to use well-being as a measure not only of personal happiness but also of social integration and economic prosperity.