Cigna International Health Insurance

Retire in Panama > Panama City >

An Expat Talks about Retiring in Panama City, Panama


Old Town of Panama City, Panama

An expat retiree in Panama advises others not to move there to save money, because the cost of living is probably less in rural, small cities in the US. But, he says that you can save a lot on healthcare in Panama.

What is the name of the city or town that you are reporting on?

Panama City

Why did you choose to retire abroad?

To enjoy other cultures and new experiences.

Are you retired abroad all year or part of the year?

part

Why did you choose the country you retired to?

Panama is beautiful and developing fast. Great infrastructure. Close and easy to get too.

Did you ever live abroad before you retired abroad?

no

How long have you lived abroad since you retired abroad?

year

Moving to Panama soon? AGS Worldwide Movers is a leader in the international moving industry. Their experience and expertise allows them to guarantee their clients the best quality moving services. Get a Moving Quote

Moving to Panama soon? AGS Worldwide Movers is a leader in the international moving industry. Their experience and expertise allows them to guarantee their clients the best quality moving services. Get a moving quote today.

How many countries (other than your home country) have you lived in as a retiree?

one

What have been the most challenging aspects of being retired abroad?

Getting oriented to everything

What have been the most rewarding aspects of being retired abroad?

Meeting new people. new lifestyle.

What would you do differently if you were just starting the retire abroad process?

Im not sure

What is life like for a retiree in your city and its surroundings? (Is there an active expat community? Cultural Attractions? Recreation? Nightlife?)

yes active expats community. Plenty of things to do.

What residency documents or visas did you need to obtain to retire in your host country? How difficult was this process? (Please describe)

Pensionado which relatively easy to obtain. costs about 1700 dollars for a couple.

Did you buy a home or apartment, or rent one? Is this a difficult process? (Please describe)

Yes. a condo. Process is kind of sloppy. A bit tricky. Need a good attorney. a lot of patience.

Financially, has living abroad in your host country met your expectations? Exceeded them?

Its not as cheap as I thought it would be. Food is the same or more. Restaurants are cheaper. Transport much cheaper. Clothing and appliances are probably cheaper in US. We have better sales in US.

What are the most important financial considerations for retiring to your host country?

Same currency. Easy to move money.

How much can a retiree live on comfortably in your host country?

A couple thousand a month at least in Panama City with owning an apartment.

Do you have access to quality medical care? (Please describe - is it close? Expensive?)

Very good. Insurance is cheap. Plenty of facilities

Expats living in Panama interested in expat health insurance should take a minute to get quotes our partner, International Citizens Insurance, a trusted expat health insurance broker. They will provide you with comparison quotes from some of the biggest expat health insurers: Cigna, Aetna and GeoBlue. Get a Quote

Expats living in Panama interested in expat health insurance should take a minute to get quotes our partner, International Citizens Insurance, a trusted expat health insurance broker. They will provide you with comparison quotes from some of the biggest expat health insurers: Cigna, Aetna and GeoBlue.

Is there a lot of crime where you live? (Please describe)

No. Just stay away from bad neighborhoods

Describe available transportation where you live. Do you need a car? Is there access to safe public transportation?

Plenty of cabs cheap as well as cheap buses take you everywhere. In the city no car needed. You can hire a car and driver when you need it for $10/hour.

Is there high-speed internet access where you live?

Yes. Quite good.

Do you have any other thoughts you would like to share about retiring abroad?

Don't do it because you think you save a lot. At least not in Panama. Rural, small city town US is probably just as cheap overall. But healthcare is a big issue now and you can save a lot in Panama. Getting outside the US could be good if conditions in US get bad. I would probably choose Asia if I could. But it is too far away. Since I need to travel a lot back to US.

Cigna Expat Health InsuranceExpatriate Health Insurance

Get a quote for expat health insurance in Panama from our partner, Cigna Global Health.
Get a Quote

More about Panama City

Guide to Living in Panama City

Guide to Living in Panama City

Global nomads, retirees and expats are attracted to Panama City for many reasons. Our Guide to Living in Panama City, Panama covers the Best Places to Live, Schools, Healthcare, Cost of Living, Transportation and more.

Best Places to Live in Panama City

Best Places to Live in Panama City

Learn which neighborhoods rank as the best places to live in Panama City according to expats. Plus, learn which two neighborhoods may not fit the bill despite one of them being one of the most popular tourist destinations in Panama City.

Cost of Living in Panama City

Cost of Living in Panama City

Should you move to Panama City for a lower cost of living? The answer may surprise you.

Healthcare in Panama

Healthcare in Panama

Expats have differing opinions about healthcare in Panama. Many advice against public hospitals and healthcare, but some recount good experiences. This article covers public vs private healthcare, cost of healthcare, obtaining prescription medications and much more.

Schools in Panama City

International Schools in Panama City

If you're moving to Panama City with school-aged children, living near your children's school will make life easier. There are schools in central Panama City, Clayton and elsewhere. Below you'll find information about the most popular schools for expats in Panama City.

Living in Panama City

A resident of Panama city for 60 years provides a brief glimpse of life in Panama for expats. Job opportunities and the modern amenities are a few of the features described.

Culture Shock in Panama City

An expat in Panama City, Panama shares her experience with settling into a new culture and how the experience has been a surprise for her given her present stage of life.

Join our Panama Expat Forum

Visit our Panama Forum and talk with other expats who can offer you insight and tips about living in Panama City, Panama.

More about Panama

10-Tips-for-Living-in-Panama10 Tips for Living in Panama

Expats, global nomads and retirees are drawn to Panama's ease of residency, low taxes (Panama does not tax on worldwide income), friendly Panamanians who always put family first, inexpensive healthcare and laid back lifestyle. Like any country, life in Panama does come with a few challenges. This articles covers all of these topics and more.

Panama-Visas--ResidencyPanama Visas & Residency

This article covers the ins and outs of the most common tourist and residency visas that expats and global nomads obtain when moving to and living in Panama. How long you can stay in Panama without a visa (or on a tourist visa depending upon your citizenship)? What are the advantages of becoming a legal resident of Panama? Would I qualify for the Friendly Nations Visa? How old do I have to be to qualify for the Pensionado Visa? How do I apply for a work permit in Panama? It also addresses how and why some expats choose to become citizens of Panama.

Panamas-Pensionado-VisaPanama's Pensionado Visa

Panama's Pensionado Visa offers retirees with a retirement income of at least $1,000 an easy way to become legal residents of Panama and includes many perks.

Panamas-Pensionado-DiscountsPanama's Pensionado Discounts

Panama's pensionado discounts are available to legal residents (55+ for women, 60+ for men). These generous discounts include 25% off airline tickets, 25% at restaurants, 50% off at hotels during the week, exemption on import tax for up to $10,000 household goods and much more.

Panamas-Friendly-Nations-VisaPanama's Friendly Nations Visa

Panama's Friendly Nations Visa was introduced in 2012 and enables immigrants from 50 nationalities to easily obtain residency and a work permit.

Panama Relocation Tours

Cigna International Health Insurance

Write a Comment about this Expat Report

Sign In to post a comment.
addacomment

Comments about this Report

guest
Apr 28, 2014 14:04

too bad you have to return to the US o much I currently live in Panama and have had enough I have been spending 5 1/2 months/year in Asoa Just bought huge condo in Thailand,,jhalf the price of Panama city Malaysia may be be a better bet than even Thailand yes it is a Muslim country,,,but 2 sets of laws,,,one for the Malay Muslim and the other for the rest of us people there are so friendly and helpful and a LOT less corrupt than many other Asian countries and PANAMA

guest
Jun 30, 2014 17:43

Panama city is expensive when it comes to housing ONLY IF you insist on keeping a North American lifestyle. Try to lead the same lifestyle as a middle class Panamanian professional (medical doctor or dentist ); get away from North American neighbourhoods in Panama city as the prices are jacked there. Please, read the well-researched article on cost of living in Panama by clicking on hyperlink : http://www.encuentra24.com/content/panama-en/general/view/cost-of-living-in-panama

DaphneyTennard
Feb 2, 2015 13:09

Good suggestion and a advise. I would like to know if Panama City, Panama and Panama City is the same? Sounds like the place to be for me. Coming from Houston Texas, I know this will be a big adjustment for me. What neighborhoods do you consider to be bad in Panama City?

DaphneyTennard
Feb 2, 2015 13:25

Good suggestion and a advise. I would like to know if Panama City, Panama and Panama City is the same? Sounds like the place to be for me. Coming from Houston Texas, I know this will be a big adjustment for me. What neighborhoods do you consider to be bad in Panama City?

marly7466
Feb 18, 2015 05:59

no they are not. there is a panama city, Florida. but if you are googling you must put panama city, Panama. P{eople are extremely friendly, accepting which to me goes far beyond tolerant and appreciate that us paler folks just give it a gold ol try.

Cigna Expat Health InsuranceExpatriate Health Insurance

Get a quote for expat health insurance in Panama from our partner, Cigna Global Health.
Get a Quote

Guide to Living in Panama CityGuide to Living in Panama City

Global nomads, retirees and expats are attracted to Panama City for many reasons. Our Guide to Living in Panama City, Panama covers the Best Places to Live, Schools, Healthcare, Cost of Living, Transportation and more.

Healthcare in PanamaHealthcare in Panama

Expats have differing opinions about healthcare in Panama. Many advice against public hospitals and healthcare, but some recount good experiences. This article covers public vs private healthcare, cost of healthcare, obtaining prescription medications and much more.

Best Places to Live in Panama CityBest Places to Live in Panama City

Learn which neighborhoods rank as the best places to live in Panama City according to expats. Plus, learn which two neighborhoods may not fit the bill despite one of them being one of the most popular tourist destinations in Panama City.

Cost of Living in Panama CityCost of Living in Panama City

Should you move to Panama City for a lower cost of living? The answer may surprise you.

Schools in Panama CityInternational Schools in Panama City

If you're moving to Panama City with school-aged children, living near your children's school will make life easier. There are schools in central Panama City, Clayton and elsewhere. Below you'll find information about the most popular schools for expats in Panama City.

Restaurants in Panama CityRestaurants in Panama City

Support your favorite restaurants in Panama City as they recover from the pandemic. Submit a free listing for them on Expat Exchange to help spread the word about them to the expat community.

Living in Panama City

A resident of Panama city for 60 years provides a brief glimpse of life in Panama for expats. Job opportunities and the modern amenities are a few of the features described.

Culture Shock in Panama City

An expat in Panama City, Panama shares her experience with settling into a new culture and how the experience has been a surprise for her given her present stage of life.

Copyright 1997-2020 Burlingame Interactive, Inc.

Privacy Policy Legal