Posted by Retiring in Panama - A Crucial and Life-Altering Decision That Requires Thoughtful Consideration!
Thinking back on those wonderful seven years in Panama, I can’t help but reminisce about the vibrant culture and the warm sun. The pandemic brought me back to the UK, but my heart still lingers in that beautiful country I called home.
Though I’m settled here now, I cherish the memories I’ve made and know they’ll always stay with me.
As I look forward to the fun and relaxation of my retirement years, I can’t help but smile when I think about my dream of enjoying life in Panama. It’s a vision that’s always made me so happy!
What are the benefits of retiring in Panama?
Retiring in Panama offers several attractive benefits:
Affordable Cost of Living: Panama has a lower cost of living compared to many Western countries. Housing, healthcare, and daily expenses are generally more budget-friendly.
Warm Climate: Panama enjoys a tropical climate with warm, sunny weather year-roun. This is perfect for those who love perpetual summer.
Tax Benefits: The Pensionado visa program offers retirees discounts on healthcare, entertainment, transportation, and property taxes. There’s also a one-time import tax exemption for household goods.
High-Quality Healthcare: Panama has a good healthcare system with modern facilities and affordable medical services.
Active Lifestyle: The country’s natural beauty and diverse geography offer plenty of opportunities for outdoor activities and an active lifestyle.
Friendly People: Panamanians are known for their hospitality and friendliness, making it easy for expats to feel at home.
Convenient Location: Panama’s location makes it easy to travel to other Central and South American countries.
Rental Properties in Panama City
Rental costs in Panama City can vary depending on the neighborhood and the type of apartment you’re looking for. Here are some general estimates:
1-bedroom apartment in the city center: Around $827 per month.
1-bedroom apartment in a cheaper area: Around $577 per month.
3-bedroom apartment in the city center: Around $1,757 per month.
3-bedroom apartment in a cheaper area: Around $1,198 per month.
These prices can fluctuate based on the amenities and exact location of the apartment.
Districts of Panama for Retirement!
Panama Pacifico
Panama Pacifico is a vibrant, mixed use real estate development located in Veracruz, Arraiján District, Panama.
It’s built on the site of the former Howard Air Force Base, which is now the Panamá Pacífico International Airport. Here are some highlights:
Green Spaces: The community boasts over 600 acres of green areas, trails, bike paths, and hiking tracks.
International Schools: There are five international schools within the area.
Business Opportunities: The International Business Park and PanAmerican Corporate Center host over 365 companies, offering a thriving business environment.
Residential Options: Panama Pacifico offers a variety of housing options, including sustainable homes surrounded by nature.
Convenient Location: It’s just 15 minutes from downtown Panama City and 35 minutes from Tocumen International Airport.
It’s a great place for both living and working, with a focus on sustainability and community.
Araijan
Arraiján is a district in the Panamá Oeste Province of Panama, located just west of Panama City. Here are some benefits of living in Arraiján:
Proximity to Panama City: Arraiján is conveniently located just a short drive from Panama City, making it easy to access urban amenities while enjoying a quieter, suburban lifestyle.
Affordable Cost of Living: The cost of living in Arraiján is relatively low compared to many Western countries, allowing for a comfortable lifestyle without breaking the bank.
Family-Friendly Environment: Arraiján offers a range of family-friendly amenities, including parks, schools, and recreational facilities.
Growing Community: The area is experiencing growth and development, with new residential and commercial projects underway, making it an exciting place to live.
Beautiful Natural Surroundings: Arraiján is surrounded by natural beauty, with plenty of green spaces and outdoor activities available.
District of Coclé
The District of Coclé is located in central Panama and offers a variety of benefits for living:
Peaceful Lifestyle: Coclé is known for its calm and healthy lifestyle. You can enjoy outdoor activities like beach walks, hiking, and biking without the hustle and bustle of city life.
Warm Climate: The district enjoys a long, sunny summer and mild winters, making it perfect for those who love warm weather.
Affordable Living: The cost of living in Coclé is relatively low, with affordable housing, food, and healthcare.
Natural Beauty: Coclé is surrounded by lush forests, mountains, and beautiful beaches, offering plenty of opportunities for outdoor adventures.
Community and Amenities: The area has good infrastructure, including supermarkets, pharmacies, and high-speed internet, making it convenient for daily life.
Retirement-Friendly: Coclé is a popular destination for retirees due to its peaceful environment, affordable living, and high quality of life.
David, Chiriqui
David is the capital of the Chiriquí province in western Panama. Here are some benefits of living in David:
Affordable Cost of Living: David offers a lower cost of living compared to Panama City, making it an attractive option for those looking to stretch their budget.
Warm Climate: Known as Panama’s warmest city, David enjoys a tropical climate with daytime highs in the 80s and 90s Fahrenheit.
Developed Infrastructure: The city has a well-developed infrastructure, including reliable water and electricity, high-speed internet, and good healthcare facilities.
Convenient Location: David is centrally located in the Chiriquí province, making it easy to access other parts of Panama.
Community and Amenities: The city offers a range of amenities, including shopping centers, schools, and recreational facilities.
Friendly Environment: David has a friendly and welcoming community, making it easy for expats to feel at home.
Chiriquí Province
Chiriquí Province, located in western Panama, is a fantastic place to live for several reasons:
Cooler Climate: Unlike the hot and humid climate of the coastal areas, Chiriquí offers a more temperate climate, especially in towns like Boquete and Volcán. This makes it ideal for those who prefer milder weather.
Natural Beauty: The province is known for its stunning landscapes, including mountains, forests, and coffee plantations. It’s a paradise for outdoor enthusiasts who enjoy hiking, bird watching, and exploring nature.
Affordable Cost of Living: Chiriquí is more affordable than Panama City, with a lower cost of living that allows for a comfortable lifestyle.
Expat Community: There is a welcoming expat community in Chiriquí, making it easier for newcomers to settle in and make friends.
Healthcare: The area has good healthcare facilities, including private hospitals that offer affordable and accessible medical services.
Proximity to Beaches: Chiriquí is close to the Pacific coast, providing easy access to beautiful beaches and coastal activities.
Chiriquí Province has so much to offer for retirees in Panama, and it gets even better. Just a short trip away lies the beautiful country of Costa Rica. It’s perfect for holidays and vacations, especially for retirees looking for budget-friendly adventures. Imagine exploring the lush rainforests, pristine beaches, and vibrant towns—your next great escape is just around the corner!
