Share to Facebook Share to Twitter Share to Linkedin Panama City, a much-loved expat haven. Why Is Panama A Hot Retirement Spot? Panama has great appeal for retirees for a number of key reasons. One of the main draws is the cost of living.
Many North American expats who have made the move to Panama report cutting their living expenses by as much as 50%. You’ll find most everything from food to real estate comes at a lower cost here. While prices have increased in recent years owing to its growing popularity, life in Panama is still a bargain when compared to the U.
S. Your cost of living could be under $1,500 a month for a simple yet fully appointed lifestyle in most of the country’s interior. In the City and popular expat havens like Boquete, you could spend double that or more depending on your lifestyle choices.
Health care is also more affordable here—a doctor’s visit in the capital will run you about $50—and of a high standard, particularly in private hospitals. Panama City is home to Hospital Punta Pacífica, the only hospital in Latin America affiliated with and managed by Johns Hopkins Medicine International. Small clinics handle everyday ailments, and every doctor I’ve ever met has always been friendly and as helpful as possible, and that includes speaking English most of the time.
Many doctors went to school and trained in Canada or the United States and, as a result, speak English. Whatever your medical needs, you can find the health care treatment you .
