Panama offers a lower cost of living than North America or Europe. The lower cost means your pension will go much further in Panama and you will not need to dip in to your savings during retirement. A couple can live well on $2000 per month in most areas in Panama including rent.
My average monthly expenses are only about $1000 a month, including international health insurance. I purchased my house, so I don’t pay rent. Because my house purchase price was only $120,000, I will never have any property taxes. My house insurance is less than $200 a year. And my average electric bill is about $25 a month. My water bill is only $100 a year!
Even if you pay rent, you should be able to keep your monthly living expenses well under $2000 for a couple. In many areas in Panama, you can get a nice furnished 2-bedroom 2-bath rental house for about $700 a month. That price includes all utilities and a weekly gardener. Some areas are even more affordable but some areas will cost more. During a Panama Relocation Tour, I show you a variety of different areas, in a variety of different price points to help you find the ideal place to live in Panama.
Many say, including me, that it is a better quality of life in Panama too. Fresh fruits and vegetables are readily available at very affordable prices. It’s quite possible that your health will improve when you move to Panama. Some people have been able to get off all medications after moving to Panama.
There’s so much to do in Panama too! Because you’re retired, you’ll finally have time to do the things you’ve always wanted to do. There are hiking groups, cooking classes, gardening groups, birding, live music and dancing… the list goes on and on of things you can do in Panama. If you live at the beach, you may decide to spend a day in the mountains for a change of scenery – it’s only a 1 hour drive. If you live in the mountains it is a 1 hour drive to the Pacific Ocean or a 3 hour drive to the Caribbean Sea.
When you retire in Panama, you’ll meet some very interesting people who come from all over the world to live in beautiful Panama. Your life in Panama will be a totally new experience and adventure.
Every day will be a new and interesting day with places to go, things to do, and people to meet. Or, you can just sit back and relax while enjoying the spectacular views in Panama.
Compared to many other countries, Panama has better roads and infrastructure like internet water and electricity.
Panama is known for it’s excellent health care and hospitals including the Cleveland Clinic affiliate Hospital Paitilla and the Johns Hopkins affiliate Punta Pacifica Hospital. Panama’s doctors are well trained and many speak excellent English. A doctor visit is only $12 in Boquete or $40 for a specialist (these prices are not co-pays).
Panama’s Retiree Discounts
A big bonus for retirees in Panama is the world famous Pensionado Visa. This residency Visa will allow you to live in Panama indefinitely if you want to. And it also entitles you to many discounts like
• 50% off on recreation and entertainment such as movies, theaters, sports, etc.
• 50% off hotels Monday through Thursday (30% off on weekends)
• 50% off passports
• 30% off public transportation like buses, trains, and boats
• 25% off airfare
• 25% off restaurants (15% off fast food)
• 25% off electrical, telephone, and water service
• 20% off doctors and specialists
• 20% off prosthetics and other personal assistance devices
• 15% off hospitals and private clinics
• 15% off dental and optometry services
• 10% off prescription medications
• tax-free importation of household goods, up to $10,000
These retiree discounts add up to BIG SAVINGS for you.
There’s even a special line at the bank for retirees so you don’t need to wait in long lines ever again.
Now that you can see the many benefits if you retire in Panama, let’s talk about HOW you actually do it!
How to Retire in Panama?
A Panama Relocation Tours is the fastest and easiest way to explore Panama and determine where you’d want to live while also learning about Visa options, affordable health insurance, how to find a rental, how to get your pet to Panama, how to buy a car in Panama, and much more. This is a 6-day, 7-night, all-inclusive tour which will take you all over Panama to help you find the city where you want to live. We’ll also introduce you to expat retirees in each area. Most of our tour clients retire in Panama within 6 months of taking a Panama Relocation Tour!
Why Panama Relocation Tours?
This is NOT a touristy tour. It’s not about zip lines or visiting rum factories.
Since 2010, my ONLY focus with Panama Relocation Tours, is to teach people what they need to know to relocate and retire in Panama the EASY and most AFFORDABLE way. Because I’m retirement age too, and semi-retired, I fully understand what your needs and concerns are. During a Panama Relocation Tour, you’ll even learn about the unique customs in Panama so you never have an awkward moment.
Panama Relocation Tours has hundreds of testimonials from satisfied customers. You can see the the testimonials on my website HERE, on Facebook HERE and on Youtube HERE. I’ve helped hundreds of people retire in Panama. I am confident that I can help you retire in Panama too. I’ll take all the guesswork out of how to retire in Panama.
No one knows more about how to retire in Panama than I do!
I moved to Panama in 2010. But before that, I lived in three other counties including the United States, Germany and Puerto Rico. Plus, I have spent time in 26 other countries. All this, plus 60+ years of life experiences, helped me compare Panama with the pros and cons of other retiring in other countries. Panama won hands down!
Come see how you can live BETTER for LESS in Panama. You will be amazed!
To Life in Paradise,
P.S. I do a Panama Relocation Tour every month except November. SEE THE TOUR DATES HERE We only require a $500 deposit per person to reserve your tour. Book your Tour early because we sell our months in advance