Panama is a safe place to live and to retire to. Below are some of the reasons why you should consider retiring to Panama.
Cost of Living In Panama The coastal regions of Panama are extremely popular retirement spots for Baby Boomer retirees. Las Tabas on the eastern peninsula has an affordable cost of living, where older retired persons can still live comfortably for $ 1200 per month. Rented apartments on the coast are also affordable, averaging around $ 600 per month. One reason why this area of Panama is so popular for retiring to is the low cost of living. Living costs here are lower than in any other part of Latin America.
Where To Retire To Panama Another reason why retirement to Panama may be a good idea is because it has a high quality of life. Here you can retire to a country that has less violence and crime than in the United States. Panama offers a high quality of life with a low cost of living. In addition, retirees will find the cost of travel to the country’s capital city, Panama City, to be much less than what they would experience in the United States.
Living Conditions In Panama The cost of living in Panama is less expensive than in the United States, so retirees will find that their retirement savings will go a long way.They will be able to live cheap places to retire comfortably in a tropical country with a standard of living not available in the U. The average wage in Panama is over seven thousand dollars per year, which easily pays for most retirees’ retirement package.
Where To Retire To Panama City is the main retirement destination for most retirees. It has all the comforts of home, including restaurants, shopping centers, hospitals and health care facilities. There are many luxurious resorts available that offer residents some of the best amenities in the world. Retirees may even be lucky enough to find employment in the country’s largest steel company. Retirees can enjoy Panama City’s nightlife as well. Panama City boasts one of the best entertainment districts in the Western Hemisphere.
All in all, Panama is a great place to retire to. The country offers an extremely warm and friendly atmosphere, great job security, low cost of living, excellent healthcare, and the opportunity to relocate at anytime. Expats tend to find that life does not seem to change once they have retired. Life here is just like it was when they were in their twenties