 In 2006, Panama topped International Living magazine’s Retirement Index for the sixth consecutive year.
Panama is a peaceful democratic country. It has a constitutional democracy. The judicial system based on civil law, It offers many advantages to retirees who consider making this country their home. It has the advantages of tropical living due to its strategic location. Its U. S. influence due to the Americans who helped build and initially operate the Panama Canal.
Panama has emerged as the “World’s Number One Retirement Haven”.
The best areas to live are along the Pacific coast. There are future plans for an International airport to be built at Rio Hato. The area is an hour from Panama City.
Panama has an incredibly low cost of living. Bread is .39 cents a loaf, beer is .32 cents, Heineken is .59 cents a bottle. Twenty dollars will purchase a lot of groceries. The fresh fruit and vegetables are bought at roadside stands. Since Panama means—“abundance of fish” – seafood is available and low cost.
Going out to a restaurant in El Valle and feeding ten people with food and beverage was $53.00. Eating in Panama City at a popular downtown restaurant with wine and beer and full course dinners for all, the cost of feeding ten people was $150.00.
Panama will offer you newly paved roads and highways, air conditioned shopping malls, high-speed Internet access, cable and satellite TV, movies in English, and much more.
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