Cost of Living in Panama

Living Well In Panama within a Budget

Panama is fast becoming one of the world’s top retirement destinations – and Americans are catching on! Its US style infrastructure and proximity to the US are particularly appealing to the Baby Boomer generation, as the leading edge heads into retirement. US Government statistics show that most of them will not be able to sustain their current standard of living by relying on their savings, assets or pensions. This active and adventurous generation has traveled more extensively and therefore finds retirement in a foreign country appealing.

Today in Panama, property can be purchased at very reasonable prices, health care is affordable and good, and the incredible pensionado (retiree) program provides those who retire in Panama with the most appealing program of special benefits. To be eligible, the only requirements are that you are at least 18 years of age and receive a government or documented pension income from an international corporation of $500 (and an additional $100 for each dependent) each month!

Where else could you survive on $800-1000 a month (if you own your own home) and still maintain a quality lifestyle? Living on a Social Security check you’d still have money left over for travel, projects and entertainment. There’s lots to do in Panama so boredom is never a concern!