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Retire in Bocas del Toro, Panama | Expat Exchange
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Bocas del Toro, Panama

Retire in Bocas del Toro, Panama

By Joshua Wood, LPC

Last updated on Jul 05, 2023

Summary: Retirees are attracted to Bocas del Toro, Panama for its stunning natural beauty, laid-back lifestyle, and affordability. There are several retirement communities in Bocas del Toro, offering a variety of amenities such as swimming pools, tennis courts, and golf courses. The cost of a nice two-bedroom home in Bocas del Toro is typically around $100,000 USD, while a nice three-bedroom home can cost around $150,000 USD. The weather in Bocas del Toro is generally warm and humid, with temperatures ranging from the mid-70s to the mid-80s 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 Bocas del Toro?

"Retirees in Bocas del Toro and its surroundings enjoy a relaxed lifestyle with plenty of activities to keep them busy. The area is home to an active expat community, with many retirees from the United States, Canada, and Europe. There are plenty of cultural attractions to explore, such as the local museums, art galleries, and historical sites. There are also plenty of outdoor activities to enjoy, such as swimming, snorkeling, fishing, and kayaking. For those looking for a night out, there are plenty of bars and restaurants to choose from, as well as live music and entertainment," commented one retiree living in Bocas del Toro, 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," explained one retiree living in Bocas del Toro.

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

"Retirees in Bocas del Toro recommend researching the cost of living in the area before making the move. They suggest talking to other expats who have already made the move to get a better understanding of the culture and lifestyle. Additionally, they suggest learning some Spanish before moving, as it will make the transition much easier. Finally, they recommend taking advantage of the low cost of living and the beautiful scenery that Bocas del Toro has to offer," explained one retiree living in Bocas del Toro.

"If you are still "young" consider having hobbies, business or other things to keep you occupied. Don't expect more than your host country can provide. If family is an issue choose a location with easy travel," said one retiree in living in Bocas del Toro, Panama.

What are the most challenging aspects of retiring in Bocas del Toro?

"One of the most challenging aspects of retiring in Bocas del Toro is the language barrier. Although English is widely spoken in the area, Spanish is the primary language and many locals may not be able to communicate in English. Additionally, the cost of living in Bocas del Toro is higher than in other parts of Panama, making it difficult to stretch retirement savings. Furthermore, the infrastructure in the area is not as developed as in other parts of the country, making it difficult to access certain services and amenities. Finally, the tropical climate can be difficult to adjust to, especially for those who are used to cooler climates," commented one retiree living in Bocas del Toro, Panama.

"Life in these islands is quite "slow". Gaining the understanding that our new home was on "island time" was an initial challenge. With only one airline servicing BDT, traveling in and out of Bocas (not PTY) can sometimes be a hassle, advanced preparation is advised. Finally... the stores are limited in selection so you gotta adjust your expectations," explained one retiree living in Bocas del Toro.

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What are the most rewarding aspects of retiring in Bocas del Toro?

"Retiring in Bocas del Toro offers a variety of rewarding experiences. The area is known for its stunning natural beauty, with lush rainforests, white sand beaches, and crystal clear waters. The cost of living is low, making it an ideal place to stretch retirement savings. The local culture is vibrant and welcoming, with a diverse population of locals and expats. There are plenty of activities to enjoy, from snorkeling and diving to exploring the nearby islands. The climate is tropical and warm year-round, making it a great place to relax and enjoy life," commented one retiree living in Bocas del Toro, Panama.

"New friends from around the globe. A much easier lifestyle, slower, less government intrusion into our lives. The beauty of the jungle, beaches, greenery. The peace and quiet we enjoy in the islands. Beautiful sunrises from our 10 mile view deck," explained one retiree living in Bocas del Toro.

What are healthcare services like in Bocas del Toro?

We asked retirees if they have access to good medical care in Bocas del Toro. They wrote:

"Bocas has just finished a new modern hospital Centrally located on Isla Colon. There is a quality Med clinic for daily no emergency needs. Several well stocked pharmacies. There are 3 dentist offices. Very good care for more serious instances can be had in Changuenola which is about an hour. Private state of the art care in David or panama city is available too. Depending on the location (private vs. public care) costs can be a fraction of those in the western world. Actual quality care can be had in the public hospitals for free. (lots of retirees unfortunately do not trust these hospitals and attempt to disqualify them ?????)," said one retiree in living in Bocas del Toro, Panama.

"Bocas del Toro offers a variety of healthcare services, including primary care, emergency care, and specialty care. Primary care services are provided by a variety of clinics and hospitals, while emergency care is available at the local hospital. Specialty care is available at the local hospital as well as at private clinics. The quality of healthcare services in Bocas del Toro is generally good, with many doctors and nurses having received training in the United States or Europe. Additionally, the cost of healthcare services in Bocas del Toro is generally lower than in other parts of Panama," explained a retiree in Bocas del Toro.

How do I meet people in Bocas del Toro?

When we asked people living in Bocas del Toro about club and activities where newcomers can meet others, they responded:

"Expats in Bocas del Toro often join clubs and activities such as yoga, surfing, and sailing. There are also many expat-run businesses in the area, such as restaurants, bars, and tour companies, which provide opportunities to meet other expats. Additionally, expats often meet people through word of mouth, by attending local events, or by joining online expat groups," said a person in Bocas del Toro.

"Besides the bars and restaurants, there are fitness classes, Spanish classes, dive lessons, Catamaran tours, Live music venues, the beaches, volunteer opportunities and just meeting people walking down the street," remarked one retiree in Bocas del Toro.

What is life like in Bocas del Toro?

When we asked people living in Bocas del Toro what life is like and how people spend their time, they said:

"Life for expats and digital nomads in Bocas del Toro is an exciting and vibrant experience. The area is known for its stunning beaches, lush rainforest, and vibrant culture. Expats and digital nomads can enjoy a relaxed lifestyle with plenty of opportunities to explore the local culture and cuisine. The cost of living is relatively low, making it an attractive destination for those looking to live and work remotely. The locals are friendly and welcoming, making it easy to integrate into the community. With its stunning natural beauty, vibrant culture, and low cost of living, Bocas del Toro is an ideal destination for expats and digital nomads," explained a retiree in Bocas del Toro.

"Definitely life revolves around family and work here. The Panamanians are very friendly and family oriented. They have many festivals and celebrate life in many ways many times a year," explained one retiree living in Bocas del Toro.

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What do I need to know before retiring in Bocas del Toro?

When we asked people what advice they would give someone preparing to move to Bocas del Toro, they said:

"I would echo what the person who did the review on Boquete. Embrace the local culture and ways of doing things. Don't come here wanting to change the way folks have done things for a long time or try to make it like the US. At the same time you can teach the locals what you know in a nice way as you make friends with them," said a retiree who moved to Bocas del Toro, Panama.

"Expats should be aware that Bocas del Toro is a remote area with limited access to medical care and other services. It is important to research the availability of medical care and other services before retiring in Bocas del Toro. Additionally, expats should be aware that the cost of living in Bocas del Toro is relatively low, but the cost of imported goods can be high. It is also important to research the local laws and regulations before retiring in Bocas del Toro, as they may differ from those in other countries. Finally, expats should be aware that the local language is Spanish, so it is important to learn some basic Spanish before retiring in Bocas del Toro," said one retiree in Bocas del Toro.

What type of recreational activities are there in Bocas del Toro?

"Bocas del Toro offers a variety of recreational activities for visitors to enjoy. One popular activity is snorkeling, as the area is home to a variety of coral reefs and colorful fish. There are also several beaches in the area, such as Red Frog Beach and Bluff Beach, which are great for swimming, sunbathing, and beachcombing. For those looking for a more active experience, there are several water sports available, such as kayaking, paddle boarding, and surfing. For those looking for a more relaxed experience, there are plenty of restaurants, bars, and cafes to explore. Additionally, there are several nature reserves and national parks in the area, such as the Bastimentos National Marine Park, which offer a variety of activities, such as hiking, bird watching, and wildlife spotting," explained one retiree living in Bocas del Toro.

Where will I buy groceries and do other shopping in Bocas del Toro?

"Bocas del Toro is a great place for expats to buy groceries and do other shopping. There are several supermarkets in the area, including Supermercado El Rey, Supermercado La Estrella, and Supermercado La Union. All of these stores offer a wide variety of fresh produce, meats, and other grocery items. Additionally, there are several smaller stores and markets throughout the town, such as the Bocas del Toro Market, which offer a variety of local and imported goods. For other shopping needs, there are several clothing stores, souvenir shops, and other specialty stores in the area," explained one retiree living in Bocas del Toro.

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.

Bocas del Toro, Panama

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