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Retire in Panama City, Panama | Expat Exchange
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Panama Cathedral in Panama City

Retire in Panama City, Panama

By Joshua Wood, LPC

Last updated on Mar 09, 2023

Summary: Panama City, Panama is a popular destination for retirees due to its low cost of living, beautiful beaches, and vibrant culture. There are several retirement communities in Panama City, offering a variety of amenities such as swimming pools, fitness centers, and social activities. The cost of a nice two bedroom home in Panama City is typically around $150,000 USD, while a nice three bedroom home can cost around $200,000 USD. The weather in Panama City is generally warm and humid, with temperatures ranging from the mid-70s to the mid-90s Fahrenheit.

Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama

What is it like to retire in Panama City?

"Life for a retiree in Panama City and its surroundings is quite enjoyable. There is an active expat community, with many retirees from the United States and Europe. There are plenty of cultural attractions to explore, such as the Panama Canal, the Panama Viejo ruins, and the many museums and galleries. There is also plenty of recreation to be had, from hiking in the nearby mountains to swimming in the Caribbean Sea. For those looking for nightlife, there are plenty of bars, clubs, and restaurants to explore," said a retiree who moved to Panama City, Panama.

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What advice do overseas retirees have for others considering retiring abroad?

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About the Author

Joshua Wood 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.

Panama Cathedral in Panama City

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AGS Worldwide Movers can move you to and from anywhere in the world.
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Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama

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