7. Panama City, Panama
Why it’s on the list: Panama City offers a cosmopolitan lifestyle, affordability, and easy access to both the Pacific and Caribbean coasts.
Cost of Living: The cost of living is moderate, with affordable housing and dining options.
Taxes: Panama offers tax incentives for retirees, including discounts on property taxes.
Climate: Panama City has a tropical climate with a wet season and a dry season.
Medical Availability: The city has modern healthcare facilities, including the Punta Pacifica Hospital affiliated with Johns Hopkins.
Housing: Panama City offers a range of housing options, from modern condos to waterfront properties.
Languages Spoken: Spanish is the official language, but English is widely spoken in business and among expats.
Expat Retiree Community: Panama City has a thriving expat retiree community, particularly in areas like Punta Pacifica and Casco Viejo.
