Lake Atitlán, Guatemala
Lake Atitlán, about 75 miles west of Guatemala City, is surrounded by volcanoes and villages where Mayan traditions still thrive. The area has perennial spring-like temperatures ranging from the 60s to 80s Fahrenheit. Several waterfront houses are available for rent on the lake; a three-bedroom rental costs around $300 per month.
Other expenses remain extremely low in this retiree-friendly part of Guatemala. "Restaurants cost about $10 per dinner and $3 (to) $4 for breakfast," says Andy Lee Graham, the founder of HoboTraveler.com. The cheapest foods are also the healthiest; fresh fruits and vegetables cost about a third less in local markets than they do in the States.
