Hungary rises in global retirement rankings: Top countries for a happy retirement

In a recent global survey, U.S. News and World Report ranked 89 countries based on where people after retirement can enjoy the most comfortable lifestyles. With nearly 17,000 responses, the study assessed affordability, tax climate, friendliness, desirability, climate, property rights, and healthcare quality. Switzerland took the top spot once again, while Hungary improved its ranking from 47th to 45th, standing mid-range globally and in the upper-middle among European countries.

Hungary’s position and regional comparison

While Hungary remains in the middle of the list, it holds a solid position among regional peers. Within Central and Eastern Europe, only Croatia and Poland ranked slightly higher, while neighbouring countries such as the Czech Republic, Slovakia, Slovenia, and the Baltic states (Latvia, Estonia, and Lithuania) ranked lower, Index reports. This suggests that Hungary provides a competitive retirement experience for those looking at countries in the region.

Affordability and quality of life

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One of Hungary’s key advantages lies in its affordability, with living costs considerably lower than those in top-ranked countries. Retirees can find Hungary attractive for this reason, particularly when compared to nations like Switzerland, Portugal, and New Zealand, where the quality of life is excellent but also comes with a high price tag. Survey respondents indicate that while other countries may offer more luxurious retirement options, Hungary is a solid choice for enjoying a comfortable retirement at a reasonable cost.

Appeal to retirees considering Hungary

Hungary’s central location in Europe, cultural diversity, and relatively lower costs make it an appealing choice for both local and international retirees. Although the healthcare system does not match the sophistication of Switzerland, Hungary still offers essential healthcare services that meet basic needs. For retirees looking to explore Europe affordably, Hungary’s positioning makes it a convenient and enjoyable option.

Comparison with top-ranked countries

Switzerland’s attractiveness for retirees largely stems from its advanced healthcare and favourable tax system. New Zealand, ranking second, is becoming increasingly popular as a retirement destination due to its scenic landscapes, welcoming culture, and supportive healthcare services. While life quality is undoubtedly high in the top-ranked countries, living costs are also significantly higher compared to Hungary.

Hungary’s future in the retirement rankings

Hungary’s improved ranking reflects that it’s becoming a more attractive retirement destination, especially for those seeking a moderate cost of living and a pleasant environment. If Hungary focuses on advancing its healthcare system and living standards, it could appeal to even more international retirees. Like other Central and Eastern European countries, Hungary faces the challenge of remaining competitive in the region, offering an appealing lifestyle for retirees.

Summary

With two spots gained in the rankings, Hungary finds itself as a mid-tier but solid retirement choice globally. Lower living costs and a friendly environment make it an attractive option, especially within its region. Future enhancements in infrastructure and healthcare could further bolster its appeal, positioning Hungary as a more competitive choice in the international retirement landscape.

Read also:

• Will it be more favourable to be a pensioner in Romania than in Hungary? Here’s what the expert says 
• German pensioners adore Hungary, but not why you would think 

Featured image: depositphotos.com