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    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
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    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
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  • Home
  • Countries

    Top Destinations:

    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
    • Portugal
    • Panama
    • Belize
    • Colombia
    • Cyprus
    • Mexico
    • France
    • Montenegro
    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
    • Cost Of Living
    • Investing in Real Estate
    • Establishing Residency
    • Gun Laws In The World
    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

    Global Living

    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore & Diversification

    Making Money

    • International Real Estate
    • Banking
    • Employment
    • Investing

    Follow Us:

    • Meet Our Experts
  • Real Estate

    Buying Real Estate For Cashflow

    • Discover tips and strategies used by global property investing veterans

    Explore Our Latest Posts

    • Learn how to invest and purchase property abroad…

    Go To The Overseas Property Alert Site

    • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
  • Conferences

    Upcoming Events

    • Explore Our Events Site

    Live and Invest In Spain Conference

    Offshore Wealth Summit

    Greece Workshop

    VALENCIA, SPAIN

    Sep. 17-19, 2025

    PANAMA CITY, PANAMA

    Oct. 15-17, 2025

    VIRTUAL

    Nov. 13, 2025

    Learn More About This Event
    Learn More About This Event
    PRE-REGISTER
    Learn More About This Event
    PRE-REGISTER
    • MORE EVENTS

    Contact Our Events Team

    Toll-Free U.S. and Canada:
    1 (888) 627 8834
    From Outside North America:
    1 (443) 599 1221
    Working Hours
    Monday – Friday 08:00 am – 17:00 pm EST.

    Reach us with your questions by email at: events@liveandinvestoverseas.com

  • Store

    Unlock The World

    • Access Your Library

    Overseas Havens Reports

    • Expats' comprehensive destination guides

    Conference Kits

    • Hours of coverage  from our latests conferences

    Lahardan Books

    • Titles on living and investing around the world
    • Explore Our Store
    Your passport to a life well-lived abroad

    Services

    overseas living letter offers affordable retirement guidance
    The Simon Letter Wealth Protection Insights
    Global Property Advisor Global Investment Opportunities

    Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

  • My Library
Live and Invest Overseas
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Home Countries Panama

Chasing Fun And Profit In Panama

by Kathleen Peddicord
Jan 26, 2025
in Panama
0 0
Blue skies in Casco Viejo, Panama. In the background is Panama's Metropolitan Cathedral. retire in panama

Panama's Metropolitan Cathedral

Last week the entire Panama-based Live And Invest Overseas team and I welcomed a crowd of your fellow readers to our adopted home town.

We spent three days altogether enjoying the brilliantly sunny days this time of year is famous for here in the Hub of the Americas…

While doing our best to arm everyone in the room with everything they need to know to make a success of their own live and invest in Panama plans.

Your fellow readers are off now discovering Panama for themselves.

After the conclusion of our event on Friday, they set out to exploring the capital city… the Pacific coast… the islands… the highlands… and all points between on this isthmus offering such a diversity of lifestyle options.

Indeed, as we showcased for all in attendance at our Live And Invest In Panama Conference last week, you’ve got to do some thin-slicing to identify the best spot in this country to think about chasing fun and profit.

Big picture, here are your top options…

Panama City

Generally speaking, I no longer recommend Panama City for retirement. For sure, this city is not the screaming-bargain retirement option it was two-and-a-half decades ago.

Panama City has evolved over the past 25 years into a global business hub, a boom town attracting investors, entrepreneurs, executives, and opportunity seekers from around the world.

Panama’s capital is a competitive financial services center and a banking haven. Big businesses from Dell and Procter & Gamble to Caterpillar, DHL, and Dole Food have based themselves here, invested in brick-and-mortar operations, and imported and attracted foreign workforces that total in the tens of thousands.

All this global attention and demand has translated into a steadily rising cost of living.

It has also meant continued development of city services and of the available standard of living. Panama City today deserves a place among the world’s brand-name cities for the bona fide luxury-level lifestyle it offers.

In Panama City, you can rent (or own) a Pacific Ocean-view penthouse apartment with a doorman, a concierge, a gym, a spa, and pools with poolside bar service… all the comforts of penthouse living in any brand-name city.

You can have a driver, a maid, and a chef…

You can eat out in five-star restaurants every night of the week. You can spend your days shopping for Hermès, Cartier, and Jimmy Choo and your nights hopping from club to club or engaged in high-stakes poker playoffs. Each Friday (or Thursday… why not?), you can take off in your SUV for your beach house or hop aboard your yacht for a weekend cruise…

Its colorful streets, colonial architecture, and pirate past make Casco Viejo my favorite part of Panama City old town
Its colorful streets, colonial architecture, and pirate past make Casco Viejo my favorite part of Panama City

That kind of jet-set lifestyle is increasingly common in Panama City.

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If that’s the kind of lifestyle you dream of for your retirement, then put Panama City at the top of your list, because luxury living Panama City-style is a relative bargain. That penthouse, the SUV, the staff, the nights out, the weekends at the beach, and all the paraphernalia required to support it all comes at a fraction the cost of a comparable lifestyle in, say, Miami. You could have it all for as little as $5,000 per month (though you could also spend many times that on your bright-lights-big-city Panama life).

You can live in Panama City on much less than $5,000 per month, but life in this city can become a whole lot less comfortable on a more limited budget… which is why I no longer recommend Panama City as a top retirement haven.

Top luxury lifestyle haven, yes… ideal retirement choice, not so much. You have better city options if it’s a cosmopolitan retirement you seek.

The biggest downside to Panama City living on any budget or with any agenda can be the climate. It’s hot and humid year-round. Thus the need for a weekend beach house…

City Beaches Area

The nearest beach destination to Panama City has become an extension of the city itself. Every Panama City resident who can afford one has a weekend escape in what’s known as the City Beaches area.

Coronado, the best known of the points along this stretch of coastline, is not a luxury living option. Coronado is mid-market and overrun with tourists, foreign and domestic. That’s a good thing for the rental property investor… but doesn’t make for an ideal get-away-from-it-all beach escape.

Other City Beaches spots, though, offer both five-star comfort and privacy at a fraction the cost of a fully appointed coastal good life most anywhere else I can think of.

East Coast Of The Azuero Peninsula: Chitré, Las Tablas, And Pedasí

The east coast of Panama’s Azuero Peninsula has been attracting retirees for the past 20 years and remains an appealing option for a more rustic coastal lifestyle.

 

Panama’s eastern Azuero coast is known for its fine beaches
Panama’s eastern Azuero coast is known for its fine beaches

More shopping and services are popping up here all the time but not the great variety of top-line condo and beach house options you find along the City Beaches coast.

West Coast Of The Azuero Peninsula: Mariato, Torio, And Los Islotes

I discovered Panama more than 25 years ago but wasn’t turned on to the west coast of its Azuero Peninsula until a decade later. When Lief and I began spending time on this coast, no one else had ever heard of it… not foreign investors and not Panamanians either. On this coast, we were pioneers.

Los Islotes is where we call home in Panama… this is the view from where I write today
Los IslotesLINKLILP is where we call home in Panama… this is the view from where I write today

The pioneer life isn’t without challenges. Azuero’s western coast is remote and undeveloped; services can be unreliable, roads rutted.

The flip side of remote is private. For us, that was a priority agenda when we targeted this stretch of the Pacific.

Today, services are catching up… as are other foreign investors and tourists, especially fishermen and surfers. This is not only one of the most beautiful stretches of coastline in Panama but in the world, and both the fishing spots and the surf breaks just offshore are, likewise, world-class.

Wealthy locals feeling crowded at the City Beaches these days are beginning to move out to western Azuero. Those choosing to make the longer drive for their beach escapes are rewarded with more elbow room, lower prices, and, for my money, much more impressive land- and seascapes.

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Boquete

Say “Panama” and “retirement” in the same sentence, and most listeners hear “Boquete.”

The tiny mountain village of Boquete was targeted for development for the foreign retiree market by one gringo developer in particular named Sam Taliaferro. Sam introduced me to Boquete on the day that he closed on the piece of land he eventually developed into Valle Escondido, one of the best known private expat communities in all Central America.

Boquete is one of the world’s best-known expat havens
Boquete is one of the world’s best-known expat havens

In addition to his Valle Escondido development, Sam invested in restaurants, hotels, and a golf course in Boquete, all intended to attract the foreign retiree buyer.

As a result, today Boquete is home to one of the biggest communities of foreign retirees in the world. That has its advantages and its downsides.

More English is spoken on the streets and in the cafés of Boquete than Spanish, and the foreign retiree never looks far for other foreign retirees to pal around with. The retiree moving to Boquete doesn’t have to learn a new language if he doesn’t want to and has an instant support network to help with all phases of the transition.

Maybe that sounds like just the kind of place you’re hoping to find for your overseas retirement reinvention or maybe it sounds, as it does to some, like a gringolandia you’d rather avoid. Lots of foreign retirees with lots of time on their hands and not enough to fill all that time can be a formula for discontent. Idle hands and all…

Santa Fe

Santa Fe is Boquete before Sam Taliaferro.

Santa Fe is a lovely mountain village with a small local population and limited infrastructure and services, a beautiful, tranquil, picture-postcard highlands escape.

As in Boquete, the climate is more comfortable than down at sea level. Life in Santa Fe could be simple, safe, and super-affordable. This is a place where you could live on as little as $1,000 per month if you’re up for going very local. In truth, you have no choice.Until next time,

Kathleen Peddicord signature

Kathleen Peddicord

Founding Publisher, Overseas Opportunity Letter

Tags: 'best places to retire in the world''Expats In Panama''retirement havens''retirement planning advice'Move abroadOverseas Retirement Index
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

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How Much Will It Cost
To Live Overseas?

Super Cheap

  • Chitré, Panama
  • Santa Marta, Colombia
  • Phuket, Thailand
  • Dumaguete, The Philippines

Cheap

  • Medellin, Colombia
  • Boquete, Panama
  • Kyrenia, Cyprus
  • Hua Hin, Thailand
  • The Algarve, Portugal

Affordable

  • Valencia, Spain
  • Cascais, Portugal
  • Las Terrenas, The DR
  • Pisa, Italy
  • La Rochelle, France
  • Mazatlán, Mexico

Luxury

  • Ambergris Caye, Belize
  • Kotor, Montenegro
  • The Panama City Beaches
  • Paris, France

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