Panama has Low Cost of Living
REASON #3
Panama has Low Cost of Living
Cost of living in the United States and Canada are on an upward spiral and people from all walks of life and all ages – including baby boomers and seniors – are looking for an alternative place make their homes, preferably one that is affordable, allowing them to retire without necessarily sacrificing their current lifestyles.
These people found their answers in Panama.
Considered one of Latin America’s best-kept secrets, Panama is perhaps the most overlooked tropical paradise in Central America. And to think that the country is more beautiful than you ever dreamed possible. Here, you can live the good life and still enjoy all of the amenities of home.
The average monthly cost of living, domestic and professional services, food and many other products and services in Panama are considerably lower compared to most other countries, including the United States.
You can sell all of your properties, pack your bags, and live in a laidback Panamanian town and still be able to afford a live-in maid, whose services can be hired for less than $300.00 a month.
Services, such as medical assistance, can be had for as low as $20. And that’s not counting all the discounts you get once you achieve retiree status in Panama.
Even if you live in the city, like the ultra-modern metropolis, Panama City, you can still live in relative luxury. Apartments in Panama City run from $450 a month or slightly higher. If you want a beautiful apartment that comes with an amazing view of Panama’s Caribbean side, for instance, you can get that for less than $1,000 a month.
