Immigrating to Panama: Retirement and a New Lifestyle

In March of 2019, I made a life-changing decision immigrating to Panama, from New York City. Inspired by my son who had already settled there, I jumped at the opportunity to start a new chapter in my life. Little did I know that this move would not only bring me closer to my family here but also introduce me to a whole new way of living.

One of the first things that struck me about Panama was the remarkable difference in costs. In New York, I was paying $2400 for a small one-bedroom apartment, whereas in Panama, I found a spacious three-bedroom apartment for only $950. The affordability and quality of life were simply outstanding.

After settling in San Francisco, a section of Panama City,  I quickly realized the country had so much more to offer than just affordable living. From its welcoming people to its breathtaking landscapes, this country had an allure that I couldn’t resist.

Key Takeaways

• Relocating to Panama can significantly lower your living expenses and provide a higher quality of life.
• The cost of housing in Panama is remarkably affordable compared to cities like New York.
• Moving to Panama can bring you closer to family and create new opportunities for adventure.
• Embracing a new lifestyle in Panama allows for a more relaxed and enjoyable way of living.
• Explore the diverse regions of Panama to find your perfect retirement or relocation destination.

Why Choose Panama for Immigration and Relocation?

When I made the decision to move from New York to Panama in March 2019, I was drawn to the many advantages that the country offers for immigration and relocation. Panama stands out among the world’s expat destinations due to its solid infrastructure and first-world amenities. It is conveniently located close to North America, making it easily accessible for those considering a move from the United States.

The Panamanian immigration process is relatively straightforward, and the visa requirements are reasonable, making it a viable option for those looking to make a new start abroad.

Furthermore, Panama offers a unique pensionado program that provides special benefits to expat who are part-time / full-time retirees. This program grants residence to pensioner expats and offers a range of discounts and incentives, including discounts on transportation, entertainment, healthcare, and more. For retirees looking to stretch their pensions further, Panama presents an attractive option with its retiree-friendly policies.

Advantages of Choosing Panama for Immigration and Relocation	Details
An easy relaxed way of life	The warm tropical climate is conducive to a much slower relaxed way of life.
Pensionado program for retirees	Provides residence and special benefits, including discounts on transportation, entertainment, and healthcare.
First-world amenities and infrastructure	High-speed internet, reliable power, clean drinking water, modern shopping plazas, and medical facilities.
Laid-back and relaxed lifestyle	A slower pace of life compared to North America, allowing for a more enjoyable and stress-free lifestyle.

“Moving to Panama has been one of the best decisions I’ve made. The country offers a wealth of opportunities and benefits for those looking to start a new chapter in their lives. From its favorable immigration process to its retiree-friendly policies, Panama provides a welcoming environment for expats like me. Whether you’re looking for a more relaxed lifestyle or a lower cost of living, Panama has something to offer everyone.”

Embracing a More Relaxed Lifestyle in Panama

One of the major benefits of living in Panama is the laid-back and relaxing lifestyle. People in Panama are not rushed, and the go, go, go mentality is not as prevalent compared to North America. This slower pace of life allows for a more relaxed and enjoyable lifestyle.

When I moved to Panama from New York in March of 2019, I immediately noticed the difference in the pace of life. In New York, everything was fast-paced and chaotic, but in Panama, things moved at a much more leisurely pace. This allowed me to truly enjoy my surroundings and appreciate the little moments in life.

 

“Living in Panama has allowed me to embrace a more relaxed lifestyle and focus on the things that truly matter. I no longer feel the constant pressure to keep up with the fast pace of life in North America. Instead, I can take my time, enjoy the beautiful surroundings, and savor each moment.” – My Journey to Panama

Enjoying a Lower Cost of Living in Panama

“Living in Panama has allowed me to embrace a more relaxed lifestyle and focus on the things that truly matter. I no longer feel the constant pressure to keep up with the fast pace of life in North America. Instead, I can take my time, enjoy the beautiful surroundings, and savor each moment.” – My Journey to Panama

Moving to Panama from New York has not only provided me with a more relaxed lifestyle, but it has also been a financial game-changer. The cost of living in Panama is significantly lower compared to many other countries, allowing me to stretch my budget and enjoy a higher quality of life.

For starters, housing costs in Panama are much more affordable. In New York, my living costs included $2,400 monthly for a modest one-bedroom apartment. Now, residing in Panama’s San Francisco district (distinct from the Californian city!), I enjoy a spacious three-bedroom apartment at a significantly reduced expense of just $950 per month. This drastic difference in rent has freed up a considerable amount of money that I can now use for other expenses or savings.

But it’s not just housing that is cheaper in Panama. Groceries, transportation, and entertainment are all more affordable as well. I find that I can dine out more often, explore the country, and even save for future trips without feeling strained financially. Overall, the lower cost of living in Panama has allowed me to live comfortably on my pension and enjoy a fulfilling retirement.

In fact, a couple can live well in Panama on a budget of $2,600 per month or less, including rent. This budget allows for a comfortable lifestyle with plenty of room for leisure activities and travel. Whether you’re a retiree looking to make the most of your pension or someone who wants to live more comfortably on a lower income, Panama offers a cost-effective solution.

To give you a better idea of how the cost of living in Panama compares to that in other countries, here’s a breakdown of some common expenses:

Expense	Panama	New York
Rent for a 1-bedroom apartment in the city center	$500 – $900	$3,000 – $5,000
Meal for two at a mid-range restaurant	$25	$75
Monthly transportation pass	$15	$127
Movie ticket	$5	$15

As you can see, the cost of housing, dining out, transportation, and entertainment in Panama is significantly lower than in New York. This means that your money goes much further, allowing you to enjoy a higher standard of living without breaking the bank.

Exploring the Diverse Regions of Panama

When I made the decision to move to Panama, I didn’t realize just how diverse and stunning the different regions of the country would be. From beautiful beaches to picturesque mountain towns, Panama offers a range of options for those looking to retire or relocate. Each region has its own unique charm and attractions, making it an ideal destination for expats seeking their perfect retirement or relocation spot.

Beachside Bliss

If you’re a beach lover like me, you’ll be delighted by the stunning beaches of the Azuero Peninsula. From the crystal-clear waters to the soft sandy shores, these beaches provide the perfect backdrop for relaxation and enjoying the sun. Whether you prefer to swim, surf, or simply soak up the peaceful atmosphere, the beaches of Panama are sure to satisfy your coastal cravings.

Mountain Town Magic

For those seeking a cooler climate and a tranquil mountain setting, towns like Boquete and El Valle are the perfect choice. Surrounded by lush greenery and breathtaking mountain views, these towns offer a peaceful escape from the hustle and bustle of city life. Whether you enjoy hiking, birdwatching, or simply breathing in the fresh mountain air, these mountain towns in Panama are sure to captivate your heart.

Urban Exploration

If you’re more of a city dweller, Panama City is a vibrant metropolis that caters to all tastes. With its modern skyline, bustling markets, and thriving nightlife, there is never a dull moment in the capital city. From exploring the historic Casco Viejo district to indulging in world-class dining experiences, Panama City offers an urban lifestyle with a touch of tropical charm.

Region	Highlights
Azuero Peninsula	Stunning beaches, vibrant local culture
Boquete	Cool mountain climate, outdoor activities
El Valle	Breathtaking mountain views, natural hot springs
Panama City	Modern skyline, historic charm, cosmopolitan lifestyle

Enjoying Safety and Security in Panama

Moving from the hustle and bustle of New York to the serene and welcoming country of Panama has been a breath of fresh air for me. One of the aspects that stood out to me the most when I first arrived was the sense of safety and security that permeates the country. Panama is known for its strong security presence, with armed guards stationed at airports, retail stores, and other public places. This commitment to safety helps expats like me feel at ease and protected in our new home.

While petty theft can occur in any city, overall, Panama is considered a safe place to live. The local authorities work diligently to maintain a peaceful environment, ensuring the well-being of both locals and expats. The low crime rate and friendly atmosphere make it possible to fully enjoy all that Panama has to offer without constant worry or fear.

As an expat retiree enjoying my new life in Panama, I find comfort in the fact that the country prioritizes the safety and security of its residents. Whether I’m strolling along the beautiful beaches, exploring vibrant city streets, or simply relaxing in my new home, I can do so with peace of mind. The tranquility and sense of security that Panama offers are truly invaluable.

So, if you’re considering making the move to Panama, rest assured that safety and security are among the many reasons to choose this remarkable country as your new home.

Access to First-World Amenities in Panama

Living in Panama offers access to a wide range of first-world amenities and infrastructure. The country prides itself on providing modern facilities and services that make everyday life convenient and comfortable for residents. Whether you need high-speed internet, reliable power, or clean drinking water, you can count on Panama to meet your needs.

In terms of shopping and dining, Panama boasts modern shopping plazas, grocery stores stocked with international products, and a diverse range of restaurants serving various cuisines. You’ll find everything from popular global brands to local specialty stores, ensuring that you can easily find what you’re looking for.

When it comes to healthcare, Panama shines as well. The country has well-equipped medical facilities staffed by highly trained doctors and healthcare professionals. Whether you need routine check-ups, specialized treatments, or emergency care, you can expect quality healthcare services at more affordable costs compared to North America.

Table: Comparison of Panama’s Infrastructure and Amenities

Category	Panama	North America
High-Speed Internet	Available in most urban areas	Widespread availability
Reliable Power	Consistently stable	Generally reliable
Clean Drinking Water	Safe and treated	Generally safe
Modern Shopping Plazas	Numerous options available	Abundance of shopping centers
International Grocery Stores	Widely accessible	Common in most areas
Quality Healthcare Facilities	Well-equipped and accessible	Excellent healthcare services

This table highlights some key areas of comparison between Panama’s infrastructure and amenities and those found in North America. While both regions offer high-quality services, Panama stands out as a desirable destination for those seeking a more affordable yet comfortable lifestyle.

Residing in Panama offers the benefits of modern, first-world amenities, allowing inhabitants to experience both comfort and high-quality living. At the same time, it presents a more laid-back and cost-effective lifestyle.

Taking Advantage of Benefits and Discounts in Panama

As a retiree in Panama, I have been able to take advantage of a wide range of benefits and discounts offered by the government. The retiree program in Panama provides attractive incentives for expats looking to retire in the country, making it an appealing destination for retirees like me.

Retirees can enjoy significant discounts on a variety of services and expenses, including entertainment, transportation, and healthcare. These discounts make it easier to stretch retirement savings and enjoy a comfortable lifestyle without breaking the bank.

For example, I have been able to take advantage of discounted healthcare services in Panama. The cost of medical services, consultations, and medications is significantly lower compared to North America. This has not only allowed me to access high-quality healthcare but has also helped me save on healthcare expenses.

Benefits and Discounts	Description
Entertainment	Discounts on movie tickets, concerts, and cultural events
Transportation	Reduced fares on public transportation and discounted car rentals
Healthcare	Lower costs for medical services, consultations, and medications

Additionally, the retiree program in Panama offers benefits such as tax exemptions and discounts on property taxes. The program also provides assistance with immigration and residency processes, making it easier for retirees to settle down in Panama.

Overall, Panama’s retiree program and the benefits it offers have made retiring in this country an excellent choice for me. The financial advantages, discounts, and assistance available have allowed me to enjoy my retirement years while maintaining financial stability. If you’re considering retiring in Panama, I highly recommend exploring the retiree program and taking advantage of the benefits and discounts it provides.

Affordable Healthcare in Panama

When it comes to healthcare in Panama, expats can enjoy high-quality medical services at significantly lower costs compared to North America. The country boasts excellent medical facilities equipped with modern technology and staffed by well-trained doctors. Whether you need a routine check-up, specialized treatment, or emergency care, you can expect to receive top-notch healthcare in Panama.

One of the advantages of healthcare in Panama is the affordability factor. Medical services, consultations, and medication are all considerably cheaper compared to the United States. This makes healthcare accessible to expats with varying budgets, providing peace of mind and financial security. Whether you have insurance or pay out-of-pocket, you can expect reasonable prices and excellent value for your healthcare needs.

Moreover, Panama’s healthcare system is known for its efficiency and accessibility. Seeking medical attention is relatively easy, with short waiting times for appointments and prompt access to specialists. The healthcare professionals in Panama are highly competent and dedicated, ensuring that patients receive the best possible care. Whether you’re a retiree or a young expat living in Panama, the healthcare system is designed to cater to your needs and ensure your well-being.

Medical Service	Cost in Panama	Cost in North America
Routine Check-up	$50	$200
Dental Cleaning	$40	$150
Specialist Consultation	$80	$300
Hospital Stay (per day)	$300	$2,500

As the table above demonstrates, the cost difference between medical services in Panama and North America is significant. This allows expats in Panama to receive quality healthcare without breaking the bank. Whether you require ongoing treatments or regular check-ups, the affordable healthcare options in Panama ensure that your physical well-being is taken care of, leaving you with more financial freedom to enjoy your new lifestyle.

Enjoying a Pleasant Climate in Panama

When it comes to the climate, Panama offers a year-round tropical paradise. With warm temperatures and plenty of sunshine, it’s no wonder why many people choose to call this country home. The average temperatures range from the mid-70s to the high 80s Fahrenheit, providing a comfortable and enjoyable environment for residents.

Unlike some other tropical destinations, Panama is not prone to hurricanes, making it a safe place to live. Whether you enjoy outdoor activities like hiking or simply relaxing on the beach, the pleasant climate allows for year-round enjoyment.

Living in Panama, I have truly embraced the wonderful weather. It’s incredible to wake up every day to clear blue skies and warm sunshine. The climate creates a sense of relaxation and tranquility, allowing me to fully embrace the laid-back lifestyle that Panama offers.

“Living in Panama, I have truly embraced the wonderful weather. It’s incredible to wake up every day to clear blue skies and warm sunshine.”

Finding a Sense of Community in Panama

Living in Panama has allowed me to discover a vibrant and inclusive community that has made me feel right at home. Whether you’re a local or an expat, Panama offers countless opportunities to connect with others and build meaningful relationships. The strong sense of community is one of the reasons why I have come to love this country.

There are well-established expat communities throughout Panama, particularly in popular areas like Panama City, Coronado, and Boquete. These communities provide a supportive network of like-minded individuals who understand the unique challenges and joys of living abroad. From social clubs and hobby groups to charity organizations and cultural events, there is always something happening to bring people together.

One of the things I appreciate most about the expat communities in Panama is the willingness to lend a helping hand. Whether it’s sharing tips on navigating the local culture or simply offering a friendly smile, the people here genuinely care about each other’s well-being. It’s this sense of camaraderie that has made my transition to life in Panama so much smoother.

Table: Expat Communities in Panama

Community	Location	Description
Panama City Expats	Panama City	A diverse group of expats from around the world who organize social gatherings, networking events, and cultural activities.
Coronado Expats	Coronado	A close-knit community of expats who enjoy beachfront living and organize beach clean-ups, yoga sessions, and happy hours.
Boquete Friends	Boquete	A welcoming community of expats and locals who share a love for the beautiful mountain town. They organize hiking trips, coffee plantation visits, and potluck dinners.

“The expat communities in Panama have been a lifeline for me. It’s comforting to know that I have a support system and friends who are always there for me. I’ve made lifelong connections and created memories that will last a lifetime.” – Jane, expat in Panama.

Aside from expat communities, Panamanians themselves are known for their warmth and hospitality. I’ve had the pleasure of befriending many locals who have welcomed me into their homes and introduced me to their rich culture. Whether it’s joining in on a traditional festival or simply enjoying a cup of coffee together, these interactions have enriched my experience in Panama.

Being a part of the community in Panama has made me feel like I truly belong. It’s a place where friendships flourish, and where people come together to celebrate life. If you’re considering a move to Panama, know that you won’t be alone. Embrace the sense of community that awaits you, and open yourself up to the countless connections that can be made in this beautiful country.

Conclusion on Immigrating to Panama

Moving from New York to Panama has been a life-changing experience for me. The cost of living in Panama is significantly lower, allowing for a more comfortable and enjoyable lifestyle. The country offers a diverse range of regions to explore, each with its own unique charm.

One of the major factors that prompted my decision to move was the cost difference. In New York, I was paying $2400 for a small 1-bedroom apartment, while in Panama, I found a large 3-bedroom apartment for only $950. This significant saving on housing expenses has allowed me to better allocate my resources and enjoy a higher quality of life in Panama.

Moreover, the sense of community in Panama has made me feel at home. The locals and expats alike are welcoming and inclusive, creating a supportive environment. In addition, I have found a strong network of expat communities in popular areas like Panama City, Coronado, and Boquete, which provide social activities and a sense of belonging.

Overall, Panama has exceeded my expectations as a place to live and retire. The country offers a safe and secure environment, with first-world amenities and affordable healthcare. The move to Panama has not only allowed me to embrace a more relaxed lifestyle but has also given me the opportunity to explore a beautiful country with a vibrant culture. Retiring in Panama has been a fulfilling and enriching experience, and I am grateful for the new chapter it has brought to my life.