Is Austria good for retirement?

Gefragt von: Cornelius Jung
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Austria is an excellent, safe, and high-quality destination for retirement, offering a top-tier social security system, clean cities, and stunning landscapes. While offering a high standard of living, it is moderately expensive, with estimated retirement costs ranging from $1,700 to over $4,500+ per month depending on lifestyle.

Is Austria a good place to retire?

With its high quality of life, low crime rate, and excellent social security system, it's hardly surprising that nearly a third of expats living in Austria consider staying there for life and spending their retirement there.

Which is better, Germany or Austria?

Germany generally offers more diverse, large-city opportunities, a stronger economy, and lower living costs (outside Munich), while Austria provides a cozier, scenic, tradition-rich experience with excellent coffee culture, cleaner cities, and potentially better work-life balance (14 salaries), making the "better" choice dependent on whether you prioritize dynamic urbanism (Germany) or picturesque tradition (Austria). 

How much do I need to retire in Austria?

The average retirement cost in Austria is moderately high, with estimates ranging from $1,700 to $4,500+ per month, depending on lifestyle and location. Factors like a high standard of living, housing costs, and the potential need for private health insurance contribute to these expenses.

What is the #1 retirement country?

On Dec. 1, the publication released its Annual Global Retirement Index—and Greece topped the list as the world's best retirement destination for 2026.

Living in Austria as a Foreigner, The Pros and Cons [2024]. This Video May Surprise You.

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What is the cheapest and safest country to retire in?

Malaysia is considered one of the safest countries to retire in 2025 and one of the most affordable to live in! At less than $700 per month (including rent), retirees can enjoy every sweet luxury that Malaysia has to offer at a fraction of the cost that they're used to in the United States or Europe.

What are the 10 best countries to retire in?

Best Places to Retire in 2026: The Annual Global Retirement Index

  • Costa Rica.
  • Portugal.
  • Mexico.
  • Italy.
  • France.
  • Spain.
  • Thailand.
  • Malaysia.

Can retirees move to Austria?

Eligibility Criteria to Retire in Austria

(There is a limited number of settlement permits issued every year.) You have a regular monthly income (foreign pension, income from assets, savings deposits, company shares, etc.) equivalent to the amount of the standard rates of the General Social Insurance Act (ASVG).

What is the 183 day rule in Austria?

As a general rule, tax residence is deemed to exist if the individual's stay in Austria exceeds six months (183 days). Once these six months have expired, tax residence is deemed to have commenced at the beginning of the stay in Austria. Citizenship is not relevant in determining residence.

Can I retire at 70 with $400,000?

Summary. While retiring on $400,000 is possible, you may need to adjust your lifestyle expectations if this is your final retirement amount. If you want to grow your savings before retirement, there are a number of expert-recommended ways to boost your bank balance.

Is moving to Austria a good idea?

Compared to other countries in the world, Austria is recognised as offering a high quality of life to its residents. In fact, a recent study found that Austria was the second-best country in the world for having a fantastic life.

Are taxes higher in Austria or Germany?

For a yearly income up to €18,000, you'll pay a 20% income tax rate in Austria — 700 euros more than in Germany. This will also increase to €19,234 for 2023. And the highest income tax rates are set for those with the largest incomes: 55% for people with an income of more than €1 million a year.

Is Vienna better than Munich?

Conclusion. Both cities are definitely worth a visit, whether for the Oktoberfest in Munich or the unique Viennese coffeehouse culture. There is enough to explore. However, if you plan to study abroad or attending a German language course, Vienna is the better option.

Is it okay to speak English in Austria?

Just above 40% of people in Austria speak English, which is more or less on par with the average in European countries. English is therefore the second most spoken language in the country, followed by French, which roughly 7% of Austrians speak.

Which job is in high demand in Austria?

Sectors like IT, engineering, healthcare, and construction are seeing strong demand for international professionals. The average salary in Austria is around €56,000 per year, with higher pay in tech and engineering roles.

Where do most expats live in Austria?

Unsurprisingly, Vienna is one of the most popular cities in Austria among expats. The illustrious capital city offers truly world-class living, including some of Austria's most captivating museums. That said, there are plenty of other beautiful cities in Austria to consider calling home.

Do foreigners pay tax in Austria?

Non-residents of Austria are taxed only on income sourced from Austria, such as income from activities or assets located in the country. To qualify as a non-resident, you must spend fewer than 183 days in Austria during a calendar year and not have a permanent home there.

What is the most taxed country in Europe?

Among European OECD countries, the average statutory top personal income tax rate lies at 42.8 percent in 2025. Denmark (55.9 percent), France (55.4 percent), and Austria (55 percent) have the highest top rates. Hungary (15 percent), Estonia (22 percent), and the Czech Republic (23 percent) have the lowest top rates.

Does Austria let in immigrants?

Nationals of other countries require a visa to enter Austria and this entitles them to a stay of up to six months in the country. In order to stay in Austria for longer than six months, all nationals of other countries require a residence permit.

What is the best country to live in for retirees?

However, there are also practical factors to consider, including reliable healthcare and obtainable visas. The best five places to retire abroad, according to various experts and insiders, are Portugal, Spain, Panama, Italy, and Costa Rica.

Does Austria tax foreign pensions?

A person is subject to unlimited tax liability if they have their residence or habitual abode in Austria. In this case, their entire worldwide income (including, for example, foreign pensions) is subject to taxation in Austria.

What is the minimum bank balance for Austria visa?

The minimum bank balance required for Austria job seeker visa is based on the applicant's family situation and the duration of their stay. The approximate minimum bank balance is 1,332 euros per month, and a total of €8,000 – €9,500. The Minimum bank balance for Austria job seeker visa in INR is 4-5 lakhs per person.

What is the nicest but cheapest country to live in?

10 of the cheapest and safest places to live in the world

  • Albania.
  • Portugal.
  • Costa Rica.
  • Panama.
  • Mexico.
  • Thailand.
  • Malaysia.
  • Vietnam.

What is the easiest European country to retire in?

Best European countries for retirement

  • Portugal – Sunshine, Stability, and Strong Infrastructure for UK Retirees. ...
  • Spain – Mediterranean Comfort, Familiarity, and World-Class Healthcare. ...
  • France – Refined Living, Strong Healthcare, and Assurance Vie for Financial Planning.

Where is the happiest place to retire?

Finland is the world's happiest country, according to the World Happiness Report, offering retirees (and others) peace, safety, and balance.