Panama offers a very comfortable retirement solution, in part because the nation is much more developed than most visitors expect.Many are shocked by the modernity of Panama and the clusters of skyscrapers that define Panama City’s skyline. All of the amenities one could wish for are readily available.
By moving to Panama, you will enjoy the benefits of a developing economy where you can still take a taxi across town for a buck or two, get your haircut for a couple of dollars, or enjoy dinner for two with a bottle of wine at one of the finest restaurants in Panama City for a mere $30.
Your power bill will depend on where you live. In mountain towns like Cerro Azul, you may use less electricity-many expats find they don’t need air conditioning in the cooler climes. Sea-level destinations like Panama City are very warm, and most expats in the city use air conditioning. David, on the other hand, is not in the water, so it’s known as Panama’s warmest city.