4 Best Safest and Most Affordable Islands to Retire in Europe

Published on 22th of December, 2024

Retirement is a golden phase of life, and choosing the perfect destination to enjoy it is a significant decision. For those dreaming of a tranquil, scenic life surrounded by the sea, Europe offers some of the safest and most affordable islands. In this article, we’ll explore four fantastic options—Cyprus, Madeira, Crete, and Malta—detailing their pros and cons, cost of living, safety, and weather conditions.

1. Cyprus

Crime Index: 22.56
Cyprus, located in the eastern Mediterranean, offers a mix of rich history, warm hospitality, and a Mediterranean lifestyle. It’s an attractive option for retirees seeking safety and affordability.

Pros

• Affordable Living Costs: Cyprus is known for relatively low living expenses. Rent for a one-bedroom apartment in the city center is approximately €500–€700 per month, while outside the city, it can drop to €400.
• Warm Climate: With over 300 sunny days per year, Cyprus boasts a mild winter and a hot, dry summer.
• Healthcare: The country offers excellent healthcare services, with public hospitals providing affordable treatment and private clinics offering premium services.
• Expats-Friendly: A large English-speaking population and a welcoming expat community make settling in Cyprus easier.
• Rich Culture and History: From ancient ruins to charming villages, there’s always something to explore.

Cons

• Limited Public Transport: Outside major cities, public transport options are sparse, so owning a car is almost a necessity.
• Summer Heat: The scorching summer temperatures, especially in inland areas, can be overwhelming.
• Water Scarcity: Cyprus faces occasional water shortages, which may affect daily living.

Weather

• Winter (Dec-Feb): Mild, with temperatures around 15–20°C.
• Summer (Jun-Aug): Hot, ranging from 30–40°C.

Safety

With a crime index of 22.56, Cyprus is relatively safe. Petty crimes like pickpocketing are rare, and violent crimes are even less common.

2. Madeira, Portugal

Crime Index: 19.78
The Portuguese archipelago of Madeira, often called the "Island of Eternal Spring," is an enchanting destination for retirees seeking natural beauty and safety.

Pros

• Low Crime Rates: With one of the lowest crime indexes in Europe, Madeira is incredibly safe.
• Affordable Living: Rent for a one-bedroom apartment in Funchal, the capital, averages €600–€800. Outside the city, it can go as low as €400.
• Spectacular Scenery: From lush green mountains to dramatic coastal cliffs, Madeira’s landscapes are unparalleled.
• Mild Climate: The weather remains pleasant year-round, with temperatures rarely exceeding extremes.
• Healthcare: Portugal offers an excellent public healthcare system, with Madeira benefiting from quality services.

Cons

• Limited Job Opportunities: For retirees looking to supplement their income, job opportunities in Madeira are scarce.
• Island Isolation: The island’s location can make international travel slightly more challenging, with fewer direct flights.
• Steep Terrain: Hilly landscapes can be difficult for individuals with mobility issues.

Weather

• Winter (Dec-Feb): Temperatures range between 16–21°C.
• Summer (Jun-Aug): Pleasantly warm, around 25°C.

Safety

Madeira’s crime index of 19.78 reflects its reputation as one of the safest places in Europe. Crime is nearly nonexistent, with petty theft being the most common.

3. Crete, Greece

Crime Index: 18.73
Crete, the largest Greek island, offers a combination of ancient history, breathtaking beaches, and a warm Mediterranean lifestyle, making it a great retirement option.

Pros

• Low Living Costs: Renting a one-bedroom apartment in the city center costs about €350–€500, and groceries and dining are also reasonably priced.
• Natural Beauty: From stunning beaches to dramatic gorges, Crete is a paradise for nature lovers.
• Rich History and Culture: As the cradle of Minoan civilization, Crete is home to ancient ruins, museums, and festivals.
• Friendly Community: The locals are welcoming, and there’s a growing expat population.
• Mild Winters: Crete enjoys warmer winters compared to mainland Greece.

Cons

• Tourist Crowds: Popular areas can get crowded during the summer tourist season.
• Limited Public Transport: While buses connect major towns, remote areas require private transport.
• Language Barrier: Although English is widely spoken in tourist areas, learning some Greek may be necessary for full integration.

Weather

• Winter (Dec-Feb): Mild, with temperatures around 10–16°C.
• Summer (Jun-Aug): Hot, reaching 30–35°C.

Safety

With a crime index of 18.73, Crete is among the safest places in Europe. Violent crime is rare, and locals are known for their hospitality and helpfulness.

4. Malta

Crime Index: Not explicitly mentioned; generally safe
Malta, a small archipelago in the Mediterranean, combines historic charm, sunny weather, and a vibrant expat community, making it a fantastic choice for retirees.

Pros

• English-Speaking: As English is an official language, communication is easy for expats.
• Low Taxes: Malta offers favorable tax schemes for retirees.
• Mild Climate: Malta’s Mediterranean climate is perfect for those seeking warmth year-round.
• Cultural Richness: With its UNESCO-listed sites, historic architecture, and festivals, Malta is steeped in culture.
• Convenient Location: Its proximity to Europe makes it easy for travel.

Cons

• High Population Density: As one of the most densely populated countries, some areas can feel crowded.
• Cost of Rent: Rent in Malta is higher compared to other islands, with a one-bedroom apartment in the city center costing €800–€1,200.
• Traffic Congestion: Malta’s small size leads to traffic and parking issues.
• Small island.

Weather

• Winter (Dec-Feb): Temperatures around 10–15°C.
• Summer (Jun-Aug): Hot, reaching 30–35°C.

Safety

Although the crime index isn’t specified, Malta is widely considered safe. Petty theft may occur in tourist-heavy areas, but violent crime is extremely rare.

Comparison at a Glance

Conclusion

Choosing an island to retire in Europe involves weighing safety, affordability, and lifestyle preferences. If you value year-round mild weather and safety, Madeira and Crete are top picks. Cyprus offers a vibrant expat community and affordability, while Malta is perfect for retirees seeking cultural richness and an English-speaking environment.

Each island has unique advantages and minor drawbacks, but they all promise a serene and fulfilling retirement. With stunning landscapes, warm climates, and a slower pace of life, these islands are among the best destinations to enjoy your golden years.