Contadora Island, Panama: Cost of Living, Healthcare, Local Clubs and Activities, Healthcare and What to Know About Living in Contadora Island

Contadora Island, Panama

Last updated on Jul 02, 2023

Summary: Expats, digital nomads and retirees discuss what it is like to live in Contadora Island, Panama: Cost of living, Finding a home, Meeting People and more.

Allianz Care International Health Insurance

What do I need to know about living in Contadora Island?

When we asked people what advice they would give someone preparing to move to Contadora Island, they said:

"Contadora Island, is a popular retirement destination for expats due to its tropical climate, beautiful beaches, and relaxed lifestyle. Before retiring there, it's important to understand a few key things. Firstly, the cost of living can be higher than in other parts of Panama due to the island's remote location. This includes the cost of groceries, utilities, and other basic necessities. Secondly, healthcare facilities on the island are limited. For serious medical conditions, you may need to travel to Panama City or another larger city. Therefore, it's crucial to have a good health insurance plan that covers medical evacuation. Thirdly, while Spanish is the official language of Panama, English is widely spoken in Contadora Island due to its popularity with tourists. However, learning some basic Spanish phrases can be beneficial. Fourthly, the island's small size means that there are limited options for shopping and dining. Most residents shop for groceries and other necessities in Panama City and bring them back to the island. Fifthly, the island has a small, tight-knit community. This can be a positive or negative depending on your personality and lifestyle. Some people enjoy the close community, while others may feel it's too small or insular. Lastly, it's important to understand the visa and residency requirements for retiring in Panama. The country offers several visa options for retirees, including the Pensionado visa, which offers numerous benefits for retirees. However, the process can be complex and may require the assistance of a lawyer," said one expat who made the move to Contadora Island.

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Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.

Kovalenko & Vera Attorneys at Law in Panama

What do I need to know before moving to Contadora Island?

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.