In this article, we will look at the 5 best places to retire in Panama. If you wish to check out our detailed analysis on Panama’s economy and retiring to Panama, you may go to the 12 Best Places to Retire in Panama.
5. Volcán
Insider Monkey Score: 5
Volcán makes it to our list of best places to retire in Panama owing to its natural beauty, tranquil environment, and relaxing lifestyle. Its location on the highlands grants it a refreshingly cooler climate as compared to the coastal areas. Scenic landscapes, such as the Baru volcano and lush green countryside, embrace this beautiful town.
Active retirees will love living here and enjoy nature, hiking, and of course, the views. The town also has adequate healthcare facilities, and the fresh mountain air and natural environment contributes to a healthier lifestyle. Rents for one-bedroom apartments average around $500, and a single person can expect to live on $1,100 per month.
4. Coronado
Insider Monkey Score: 6
Coronado is an expat-friendly beach town in Panama, famous for its beachside living, modern amenities, and recreational facilities. Retirees get to enjoy the beautiful beaches along the Pacific Coast, its stunning views, and experience a relaxed pace of life.
Modern amenities in the town include restaurants, shopping centers, and also healthcare facilities. Coronado also boasts a country club, full-scale supermarkets, golf courses, and also a mall. The cost of living is affordable, with a single retiree living comfortably at $1,400 a month. The town enjoys a warm and tropical climate, and retirees can also travel to Panama City for further amenities as it is in a reasonable driving distance.
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.
2. El Valle de Antón
Insider Monkey Score: 8
Those looking to enjoy a remote mountainous experience can choose to retire in El Valle de Antón , Panama. Boasting a cooler climate than the coastal regions, this town is embraced by waterfalls, lush rainforests, and diverse flora and fauna. The scenic landscapes make it a beautiful retirement destination and provide ample opportunities to enjoy nature and engage in recreation. Since the town is small, the community is close and well-knit, and retirees enjoy a laid-back lifestyle here. There is a large range of amenities available despite its small size, such as grocery stores, restaurants, and supermarkets. A couple who owns a house in this town can live on $900, while those who rent need $1,600. A single individual can very well live under $1,200 per month.
1. Boquete
Insider Monkey Score: 8
Revered for its stunning natural beauty, well-established expat presence, and vibrant culture, Boquete is one of the most popular retirement destinations in the world. The mountain town features lush greenery, forests, flower-filled hills, and a picturesque landscape in the Western highlands of Panama. It’s also world-famous for its coffee plantations and geisha coffee, a big plus for coffee enthusiasts. Healthcare facilities are well-established and adequate, and the cost of living is generally affordable. A single retiree can comfortably live here on $1,200 per month, while a couple would need around $1,600.
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