Start Your Beachfront Retirement in 30 Towns Under $40,000 a Year

6. Volterra, Italy

Situated in the heart of Tuscany, Volterra boasts a rich history spanning 2,500 years, offering visitors a journey back in time as they stroll through its ancient streets. Renowned as one of Italy's most picturesque towns, Volterra enjoys a serene ambiance, with fewer tourists compared to nearby attractions like San Gimignano.

While Tuscany is celebrated for its beaches and renowned wine country, Volterra's tranquil setting allows for a peaceful lifestyle. However, this also means that residents may need to grasp conversational Italian to navigate daily life effectively.

The town features museums, historic landmarks, and delightful Italian cuisine, all at a fraction of the cost compared to other popular European destinations. With an average budget of $1,715 per month, or $20,580 annually, two people can live comfortably in Volterra. Despite the Euro being slightly stronger than the US dollar, the town's affordability ensures a fulfilling Mediterranean retirement, complete with warm summers, mild winters, and delectable seafood.