Sri Lanka (Commonwealth Union)_ Travel & Leisure, a leading international travel publication, has honored Sri Lanka as the world’s most cost-effective retirement destination for 2026. The ranking indicates the island’s growing appeal among seniors who want to stretch their money without losing comfort or quality of life. The honor comes as many seniors are contemplating their retirement plans. According to a recent F&G survey, about one in every four seniors in the United States has postponed retirement in 2025 due to concerns about insufficient resources and long-term financial security.
With living costs climbing in many Western nations, more retirees are looking overseas for affordable alternatives. As such, Sri Lanka has quickly garnered attention as a leading option. According to expat reports, a retired couple can live comfortably in Sri Lanka for about $2,200 per month. This budget usually includes rent, healthcare, transportation, groceries, dining out, and recreational activities. Housing costs are very appealing. In many coastal areas, beachside rentals can be found for less than $400 per month, while electricity, water, and internet bills remain relatively low.
Also read: A child’s final gift: Why was this ten-month-old Indian baby given state honours in her funeral?
Additionally, daily expenses are also manageable. Local markets supply fresh fruits, vegetables, and seafood for a low price, and eating out is inexpensive. A three-course lunch for two in a mid-range restaurant costs around $50, although local restaurants usually charge much less. Furthermore, public transportation adds to the savings. Long-distance train rides, known for their scenic routes, cost only a few dollars and allow you to travel around the island quickly and economically.
Also read: Global AI spotlight shifts to India: Mega AI Impact Summit 2026 launches with 20 nations onboard!
Additionally, access to quality healthcare increases the country’s appeal. Private hospitals in Colombo provide sophisticated facilities and dependable medical care. The retirement visa application process is also regarded as simple and economical. Aside from Sri Lanka, some of the most affordable Asian locations include Vietnam, Thailand, Bali, and Malaysia. However, Sri Lanka’s combination of ocean views, low living costs, accessible healthcare, and a laid-back pace of life puts it firmly at the top for 2026.
