By: Staff Writer
January 13, Colombo (LNW): Sri Lanka is gaining global attention as one of the cheapest and most beautiful retirement destinations in Asia, according to findings from the Annual Global Retirement Index. As rising living costs push retirees to look beyond Western countries, the island nation is standing out for its rare combination of affordability, scenic beauty, cultural richness, and comfortable lifestyles.
The index highlights several Asian locations offering excellent value for money, including Vietnam, Thailand, Bali in Indonesia, and Malaysia. However, Sri Lanka ranks as the most affordable among them, making it particularly attractive for retirees seeking to stretch their savings without sacrificing quality of life.
According to insights shared by writer Roland Dalton, retirees in Sri Lanka can enjoy what many describe as an “extravagantly comfortable” lifestyle for approximately US$2,200 a month. Those willing to live more simply can manage well on as little as US$1,000 monthly, covering rent, food, utilities, transport, and leisure activities.
Housing costs are especially appealing. One retiree couple reported renting a beachside villa with a tropical garden and plunge pool for just US$385 per month, while their utility bills rarely exceed US$50. Even higher-end living remains within reach. In Kandy, for instance, a spacious three-bedroom colonial home with a full-time maid, full-time driver, and part-time gardener can cost around US$2,800 per month, all expenses included.
Dining out is another major draw. A three-course meal with drinks at an international restaurant costs roughly US$50 for two, while local meals can be as cheap as US$2 per person. Luxury experiences are also surprisingly affordable, with lavish five-star hotel brunches in Colombo—featuring champagne, seafood, and premium meats—priced at around US$40 per person.
Daily essentials cost far less when shopping locally. While supermarket prices may match those in the US, traditional markets offer remarkable savings. Bananas cost about 50 cents per kilo, fresh fish for two around US$3.50, and pineapples as little as 20 cents. Transportation is similarly inexpensive, with tuk-tuk rides averaging US$2, long-distance taxis at US$70 for four hours, and train journeys costing as little as US$1.
Healthcare in Colombo’s private hospitals is modern and reliable, and Sri Lanka’s retirement visa process is among the simplest and most affordable in Asia. Combined with 13 UNESCO World Heritage sites, pristine beaches, and a vibrant cultural scene, Sri Lanka offers retirees a chance to live richly without overspending.
