Just below the hurricane belt, the area is typically sunny and warm. You receive low-cost medicare that’s high quality, and most of the doctors speak English. You can also keep your American money as it is Panama’s currency. Another benefit is that you don’t have to worry about paying taxes on any money you make outside of Panama.
If you want to live in Panama, you do have to watch where you decide to settle. Some places cost around $1,000 a month while other areas are closer to $3,000. Your rent will become your most substantial bill at about $650 for a one-bedroom.