European capitals where $2,500 a month makes you feel wealthy

Eight European capitals where $2,500 a month makes you feel wealthy.

Which are the cheap places to retire in Europe?

Four criteria are combined to come to a ranking:

1. The national HDI (Human development index)
2. The cost of livving.
3. Weather (we reward mild winters and sunny summers)
4. Taxes: taxation of foreign income, capital income and wealth taxation.

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Results: The usual suspects: capitals from the less popular break-up republics of Yugoslavia and East-European capitals populate the list. But the Cypriot Nicosia takes the top spot.

Ranking

1. Nicosia (Cyprus)
2. Montenegro (Podgoriça)
3. Northern Macedonia (Skopje)
4. Bucuresti (Romania)
5. Sofia (Bulgaria)
6. Chisinau (Moldovia)
7. Sarajevo (Bosnia)
8. Tirana (Albania)