3. Las Tablas – Panama
IM Score: 28
Rent Cost: $400
Hospital to Population Ratio: 2,236
Flight to U.S. Cost: $604
Country Global Retirement Index: 2
According to the International Living magazine, Panama, is the second best retirement destination in the world, so the city of Las Tablas that ranked 3rd on our list of best places to retire in Central America is worth looking into. Everything is cheap, you’ll be in a friendly community, and the beach will always be just around the corner.