Panama

Panama has grown to be a well-liked retirement location after being named as one of the "most affordable places to retire abroad in 2022". Retirees are interested in it because of its proximity to the US, easy access there, pleasant environment, and affordable cost of living. The cost of living is generally 31% less expensive than in the United States, and housing expenditures are typically 58% less expensive. The cost of living and rent in Panama City, for instance, are 49% and 74% cheaper than those in New York, respectively. Costs vary based on region.

With the Pensionado visa, which needs pension income of at least $1,000 per month and offers incentives like discounts on a number of services and a tax exemption on importing household goods, the government has made living in Panama particularly alluring. Visitors with valid passports may stay for three months; for permanent residency, details must be handled by a local immigration attorney.

With public and private hospitals, clinics, and physicians, Panama features a two-tiered healthcare system with lower pricing in the public system and co-payments for services at both. The private system, which provides great care and amenities at affordable costs, covered by private insurance or self-pay, is preferred by the majority of seniors.