Italy, with its picturesque regions and small towns, stunning coastlines, romantic islands, and renowned cuisine, has long been a favorite vacation spot for Americans. However, a recent report by Global Citizens Solutions (GCS), a global investment firm, reveals that Il Bel Paese is also a top contender for retirement. Italy ranked seventh among the best countries for American retirees in 2024 based on its exceptional quality of life, security and integration, and economics.

The cost of living is one key factor making the country on the Apennine Peninsula an excellent retirement alternative. GCS points out that Milan and Rome, Italy's largest cities, are significantly cheaper than comparable destinations in America.