What $300,000 Buys You Around the World

An estimated five million Americans live overseas, according to the U.S.

An estimated five million Americans live overseas, according to the U.S. State Department, with a steadily growing number of affluent baby-boomers at or close to retirement.

The allure of a more laidback, lush lifestyle and lower cost-of-living are easy sells for popular expat destinations in Europe (which has a population of about 1.2 million Americans, according to the Association of Americans Resident Overseas). In Central and South America, warm weather year round and a low cost-of-living are big draws (InternationalLiving.com reports that 1 million Americans live just in Mexico). It's not only baby-boomers adding to the ranks of expats, either. As the world economy recovers from a global recession, companies are once again sending execs overseas, with families in tow.

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Andrea Browne Taylor
Contributing Editor

Browne Taylor joined Kiplinger in 2011 and was a channel editor for Kiplinger.com covering living and family finance topics. She previously worked at the Washington Post as a Web producer in the Style section and prior to that covered the Jobs, Cars and Real Estate sections. She earned a BA in journalism from Howard University in Washington, D.C. She is Director of Member Services, at the National Association of Home Builders.