5 Cheapest Places to Retire Abroad on $1000 per Month

2. Chitré, Panama

Insider Monkey Score: 45

One of the most affordable expat destinations in Panama happens to be Chitre. Full of Panamian culture, the city offers retirees a beautiful golf course, great beaches just outside the city, quality healthcare, and warm temperatures year-round. It is easy to retire in Chitre on $1000 a month, while a budget of $1,500 helps live a better lifestyle.