Retirement Communities in Panama (2023)

One destination that has been popular for many years already among retirees is Panama. Due to the nature, affordable living, culture, and beach towns. Panama has emerged as a top choice for retirees looking to live out of their countries and seeking a tranquil place.

In this article, we will briefly explain why Panama is attractive for retirees, even in 2023. Also we will mention some of the popular communities where expats go for retirement in the country.

Why Panama is attractive for retirement?

Before mentioning the retirement communities, it’s essential to understand why Panama has become a hotspot for retirees. Here are a few factors that make this country attractive:

1. Cost of Living

Panama offers a lower cost of living compared to many Western developed countries. Housing, groceries, and healthcare are all reasonably priced, allowing retirees to make the most of their retirement savings.

2. Beautiful nature

Panama has the benefit of being a land with a diverse landscape, from wide beaches along its coasts to extensive rainforests and beautiful mountain regions. Retirees can choose the backdrop that suits their preferences, and in some cases (such as Valle de Anton and Coronado), they can enjoy both mountain life and beach life in just 30-40 min of distance by car.

3. Favorable Climate

Panama boasts a tropical climate, with warm temperatures during the whole year. While the coastal regions are hot and humid, the mountain towns offer cooler, more temperate weather. This climate diversity ensures there’s a perfect spot for many expats.

4. Friendly Expat Community

Panama has a big and friendly expat community, making it easier for retirees to integrate and establish connections in the country. English is widely spoken, making day-to-day communication less complicated.

5. Immigration benefits

Panama offers many ways to achieve immigration, but there is an specific method called the Pensionado visa, which is the ideal way for retires to get their permanent residence. The Pensionado Visa in Panama is a residence process which is dedicated to retirees. It gives several interesting benefits, wich also include discounts on different establishments.

To be able to obtain this visa, applicants have to show stable monthly pension income.

Now, let’s explore some of the top retirement communities in Panama in 2023.

1. Boquete

Location: Chiriquí Province

Located in the Chiriquí Highlands, Boquete is a mountain town famous for its stunning views and comfortable cool climate. Boquete’s retirement communities offer an array of amenities, restaurants and activities for expats. The town’s expat community makes sure that there’s always something happening, from cultural events to outdoor adventures.

2. Coronado and neighboring beach towns

Location: Panama Province

Coronado, located on Panama’s Pacific coast, is a beachside paradise popular among retirees. The Coronado retirement community provides easy access to wide beaches, golf clubs, plazas, and a range of water-based activities. The town also boasts modern healthcare facilities and shopping centers, making it a convenient choice for retirees.

In just minutes from Coronado, there are other beach districts with also access to the coast and with very attractive residential developments, such as Nueva Gorgona, Gorgona, San Carlos and Chame.

3. Altos del Maria

Location: Chame District

Altos del Maria is a closed community situated in the Chame District. It offers a tranquil and secure environment surrounded by lush forests and panoramic mountain views. The community includes a clubhouse, swimming pools, and hiking trails, making it an ideal option for nature-loving retirees seeking peace and serenity. It is located around 90 minutes from Panama City.

4. Valle de Anton

Location: Central Panama Province

Valle de Anton is a town located just 120 km from Panama City, it is a beautiful mountain town, located in the crater of a extinct volcano. The weather is less warm than in the beaches and the roads are surrounded by beautiful nature, mountains and flowers. It is a great place for hiking trails, going to the waterfalls of Chorro el Macho, or just enjoying the nature.

5. Panama City

Location: Panama Province

For retirees who prefer an urban lifestyle, Panama City provides a mix of modern amenities and cultural experiences. You’ll find upscale retirement communities with stunning views of the city skyline and easy access to shopping malls, for dining, and healthcare facilities. Plus, you are  close to Tocumen International Airport, if you decide to travel to neighboring countries for tourism.

As you can see in 2023, the retirement communities in Panama continue to be perfect for retirees seeking an ideal mix of affordability, natural beauty, and a warm climate.

Panama offers a diverse range of retirement options to suit everyone’s preferences, which includes the benefits of affordable cost of living, an expat community, and immigration options. In summary, Panama still remains a top choice for retirees looking to live their best years to the fullest.