The Cheapest Place To Retire In Panama?
Nov. 29, 2011, Rio Hato, Panama: A couple could retire comfortably on a budget of US$1,200 a month or less in Rio Hato, Panama, one of the cheapest places to retire in Panama.
Dear Live and Invest Overseas Reader,
Panama City is no longer a cheap place to live. Life in Panama's capital city can be affordable (depending on your interpretation of that idea), but it's no great bargain. Rents are down from the 2008-2009 highs, but, realistically, you're still looking at US$1,000 a month for a comfortable place in a good location. Other costs, from groceries to household help and from restaurants to movie tickets, have risen steadily during the three-and-a-half years we've been living here to the point that, again, today, cheap is no longer a word I'd use to describe them.
However, as I point out often, Panama City isn't Panama, and Panama beyond its capital can still be a super-bargain destination.