Retiring in Panama

Retire in Panama

Last updated on Feb 15, 2023

Summary: Retirees are attracted to Panama for its low cost of living, excellent healthcare system, and vibrant culture. Panama also offers retirees a tropical climate with temperatures ranging from the mid-70s to the mid-90s Fahrenheit throughout the year.

What is it like to retire in Panama?

"Bocas is a typical Caribbean small town in a lot of ways. But it has something more special too. Laid back, easy. Night life is fairly limited to bars. Permanent retirees are very active and interactive with locals. It seems you can be as busy or as lazy as you like. The music community provides many opportunities for entertainment in a variety of genres. Fairs, holiday celebrations and carnivals happen thru-out the year. Horseback, quad rentals, golf carts provide good fun and opportunities to see the whole island of colon. World class surf and good fishing too," commented one retiree living in Bocas del Toro, Panama.

"There are a lot of expats in our area in Panama and a lot of opportunities to join groups for fun or community serice. A retiree can be involved in as much as they want here or nothing at all. There is a wide variety of restaurants nearby and some nightlife. Panama City is about an hour away and has everything anyone could want. We occasionally spend a night or two in the city. We have water aerobics, game nights and various group activities. The expats are a good community here. We all help each other and especially help the new people. Paying it forward is part of the process," explained one retiree living in Nueva Gorgona.

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About the Author

Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.