The most affordable and attractive options for retirement living in Egypt 2024
Egypt is a country that offers a lot of advantages for retirees who are looking for a low-cost, high-quality, and culturally rich lifestyle. Whether interested in ancient history, natural beauty, or modern amenities, Egypt has something for everyone. In this blog post, we will explore some of the best options for retirement living in Egypt in 2024, based on factors such as cost of living, climate, health care, safety, and expat community.
Cost of living
One of the main reasons why Egypt is an attractive destination for retirees is its low cost of living. According to Numbeo, a website that compares the cost of living in different countries, Egypt ranks as one of the cheapest countries in the world, with an average monthly cost of living of $412. This includes rent, food, transportation, utilities, and entertainment expenses. Of course, the cost of living may vary depending on each retiree’s location, lifestyle, and personal preferences, but generally, Egypt offers much value for money.
Climate
Another benefit of retiring in Egypt is its pleasant and sunny climate. Egypt has a desert climate with hot and dry summers and mild and dry winters. The average annual temperature is around 22°C (72°F), with variations depending on the region and the altitude. For example, the coastal areas, such as Alexandria and Hurghada, have a Mediterranean climate, more relaxed and humid summers, and warmer and wetter winters.
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The Nile Valley and the Delta, where most of the population lives, have a semi-arid climate, with hot and dry summers and mild and dry winters. The southern part of the country, such as Aswan and Luxor, has a hot desert climate, with very hot and dry summers and warm and dry winters.
Health care
Health care is essential when choosing a retirement destination, especially for older people with chronic or acute medical conditions. Egypt has a public health care system that provides free or subsidized health services to all citizens and residents. Still, the quality and availability of these services may vary depending on the location and the demand. Therefore, many expats and retirees opt for private health care, which offers better facilities, equipment, and staff but at a higher cost.
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According to International Living, a website that provides information and advice for expats and retirees, the average cost of a private health insurance plan in Egypt is around $1,200 per year, which is still affordable compared to other countries. However, it is advisable to research and compare different options before choosing a health insurance plan that suits your needs and budget.
Safety
Safety is another factor that may influence your decision to retire in Egypt. Egypt has faced political and social unrest in the past decade, affecting its security and stability. However, the situation has improved significantly in recent years, and the government has taken measures to restore order and protect tourists and expats. According to the Global Peace Index, a report that ranks countries according to their level of peace and security, Egypt ranks 130th out of 163 countries in 2021, an improvement from its previous ranking of 142nd in 2020.
However, it is still advisable to exercise caution and follow the advice of the local authorities and the travel warnings of your home country when traveling or living in Egypt. Some common risks in Egypt include petty crime, scams, traffic accidents, and terrorism.
Expat community
One of the advantages of retiring in Egypt is that you will not feel alone or isolated, as there is a large and diverse expat community in the country. According to the World Bank, there were about 500,000 foreign residents in Egypt in 2019, most of them from other Arab countries, Europe, and North America. Many retirees have chosen Egypt as their destination and enjoy the country’s culture, lifestyle, and opportunities.
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Many organizations, clubs, and groups cater to the needs and interests of expats and retirees, such as the American Women’s Association, the British Community Association, the Cairo Hash House Harriers, and the International Women’s Club of Cairo. These groups provide social, cultural, and recreational activities, support, and advice for expats and retirees living in Egypt.
These are some of the most affordable and attractive options for retirement living in Egypt in 2024. Of course, many other factors may influence your decision, such as your personal preferences, financial situation, and visa requirements. Therefore, researching and planning before making your final choice is recommended. However, Egypt may be the perfect place if you are looking for a low-cost, high-quality, and culturally rich retirement destination.
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