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Attractiveness of Cyprus for American retirees compared to locals

August 15, 2026

Cyprus is featured in Forbes' list of the best destinations for American retirees. The cost of living in Cyprus is about one-third lower than the US average. However, the quality of life for an American retiree differs from that of local Cypriots due to income disparities. There are also tax benefits and residency options for foreigners. Overall, Cyprus offers positive attributes such as its climate and healthcare system.