The latest data from the UN International Migrant Stock has revealed the top 10 most popular countries for US expats. Mexico takes the lead with 799,248 US expats, followed by Canada with 273,226 and the UK with 170,771. Germany, Australia, Israel, South Korea, France, Japan, and Spain complete the list.

When considering retirement destinations, financial factors play a crucial role. Housing prices, healthcare costs, personal income tax, and property tax are important considerations. The Organization for Economic Cooperation and Development (OECD) has collected data on these factors for the top 10 countries among US expats, providing valuable insights for retirees.

For housing prices, Canada stands out with the highest average prices, while South Korea offers the lowest. In terms of healthcare costs, Mexico has the lowest average costs, significantly lower than the US. When it comes to personal income tax, Mexico has the lowest rate among the top 10 countries, while Canada is similar to the US.

Property taxes are also a significant consideration, with Israel and the UK having the highest rates, and Germany and Mexico having the lowest. These factors can impact retirees’ financial well-being and visa applications when moving abroad.

Retiring in another country offers various benefits, including lower costs of living, travel opportunities, and potentially attractive tax rates. For US citizens, Social Security payments continue in the top 10 countries for US expats, with some considerations for taxation and eligibility.

Overall, retiring abroad requires thorough research and planning. Understanding the financial implications, visa requirements, and cultural differences can help retirees make informed decisions about their retirement destination. Whether it’s for financial reasons, travel opportunities, or political considerations, retiring abroad can be an exciting and rewarding experience for many US expats.