Situated along the coast of central Vietnam, Da Nang offers a laid-back lifestyle, superior quality of life, and affordable living options, the website wrote.

“In my opinion, Da Nang is a rising star among retirement destinations in Asia,” Motati said, “Da Nang offers pristine beaches, scenic mountains, a warm climate and modern amenities. With its affordable housing options, excellent healthcare facilities and growing ex-pat community, Da Nang is a no-brainer.”

Alongside its clean beaches, vibrant food scene and favorable climate, the central city offers a welcoming environment for retirees seeking affordable living to enjoy. With a thriving ex-pat community of retirees from various countries, retirees can build a strong support network whilst attending events and activities specifically tailored to retirees.

The city’s cultural sense is also vibrant and boasts art exhibitions, music festivals, and local performances offering retirees a chance to engage with the local community and embrace Vietnamese culture, GOBankingRates reported. 

Da Nang came second with a monthly average cost of living for expats of US$867.

Chiang Mai of Thailand topped the list with a monthly average cost of living for expats of US$661.

The third, fourth, and fifth positions went to Cebu of the Philippines, Taipei of Taiwan (China), and Kyoto of Japan, with a monthly average cost of living for expats of US$840, US$1,268, and US$1,565, respectively.