14 Reasons Why
1. The cost of living is affordable. Outside Panama City, it remains possible to retire in a beach community, on the country’s Azuero Peninsula, on a budget of U.S. $1,200 per month or less.
2. The sun shines year-round. Panama City can be too hot and sticky for some retirees’ tastes, but look beyond the capital and you find pockets of near-perfect climates in some regions. If you prefer cool mountain temperatures to steamy sea-level ones, consider Boquete or less discovered and therefore more affordable, Santa Fe.
3. The retiree’s path is well worn. This country has been attracting foreign retirees in growing numbers for more than a decade. It offers many and very user-friendly options for establishing foreign residency if you want to live here full-time and it is home to established and welcoming communities of expats and retirees.
4. You can get by without speaking Spanish. It’s not recommended, but in Panama City you don’t have to learn to speak Spanish if you don’t want to. In the country’s interior communication with the local people will require Spanish.
5. Health care in Panama is of an international standard and Panama City is home to Hospital Punta Pacifica; the only hospital in Latin America affiliated with and managed by Johns Hopkins Medicine International.
6. The cost of medical care is a bargain. Like everything, medical costs are higher in Panama City than elsewhere in the country, but even in the capital a doctor’s visit costs U.S. $50 or less.
7. Local Panama health insurance can cost U.S. $100 per month or less. Comprehensive coverage is all you need living in this country.
8. The infrastructure is of a high standard. This is a place where things generally work. The internet, cable TV, phone service, etc., are all as reliable as anywhere in the States. The roadways and highway systems being constantly expanded and improved. Panama City is an International Banking Center, meaning you find here banks from all over the world. ATMs are on every corner.
9. The currency is the U.S. dollar, so U.S. retirees have no currency-exchange risk or exposure.
10. Panama City is an international travel hub, very accessible from North America. The flight from Miami, for example, is about 2 ½ hours.
11. Panama’s pensionado program of special benefits and discounts for foreign retirees is the current Gold Standard. Retired in this country, you can save as much as 50% on everything from restaurant meals to in-country airfares, from prescription medicines to closing costs on a new house.
12. Panama is a nature-lover’s paradise, boasting some of the world’s best surfing, snorkeling, diving, sport fishing, birding, hiking, and adventure-travel opportunities anywhere on earth.
13. This is a safe, welcoming place to call home.
14. Retirees you meet in Panama aren’t losing sleep over their futures. They’re embracing them.
Get in touch with someone from our Los Islotes team here.