40 Stunning Retirement Spots That Are Surprisingly Affordable

29. Valletta, Malta: A Mediterranean Jewel

Valletta, the capital of Malta, is a sun-soaked Mediterranean city that combines historical charm with modern conveniences, making it an excellent choice for retirees. Known for its golden limestone buildings, narrow streets, and stunning harbor views, Valletta offers a picturesque setting for a relaxed lifestyle. The city’s rich history, influenced by Phoenicians, Romans, and the Knights of St. John, is reflected in its grand churches, museums, and fortifications. Retirees will find Malta's cost of living to be reasonable, with affordable healthcare and a tax-friendly retirement program for expats. English is widely spoken, easing the transition for English-speaking retirees. The mild Mediterranean climate means warm summers and mild winters, perfect for exploring the island’s beaches, scenic coastal paths, and vibrant cultural festivals. With its strong expat community and proximity to other European destinations, Valletta offers a blend of tranquility, culture, and connectivity for retirees seeking a slice of island paradise.