An increasing number of Americans are retiring overseas to capital cities that offer a culture-rich lifestyle, excellent infrastructure and top-class dining and entertainment — and an affordable price tag, according to Internationalliving.com.

A new report from the editors at International Living reveals five capital cities overseas where a couple can retire on less than $37,000 a year.

"An urban retirement holds increasing appeal for baby boomers keen on the idea of staying active and aging in place. In big cities like Washington, D.C., retirees can easily access theater, dance, museums, restaurants, doctors and grocery stores without getting in a car," Jennifer Stevens, executive editor of International Living, said in a statement. "But all that comes with a high price tag — especially for living and housing costs. The median household income in D.C. is $72,935, but experts say you need more like $90,811 to live there comfortably as a working person."