5 Best Places to Retire in Panama

3. Santa Fe

Insider Monkey Score: 7

Striking the perfect balance between traditional and contemporary, Santa Fe is a haven for all kinds of retirees. Fine-tuning with nature seems only natural in Santa Fe, and retirees are attracted to the diverse flora and fauna here or fancy strolling along the river banks. The picturesque landscapes, including the lush rainforests, rolling hills, and waterfalls, provide a beautiful backdrop for retirees to call home. People are friendlier here, the fruits taste more fulfilling, and life is wholesome. Couples can live easily on $1,300 per month on rent or $800 if they own their homes. A single retiree can easily manage to live on under $1,000 per month.