Well. Sort of. When you read those glowing, first hand reports from people on the ground in Panama, pay particular attention to all the QUALIFIERS they add to the claims meant to entice you here. Pay particular attention to the few trouble spots they mention briefly, and then gloss over. Not everyone writing about Panama gets full coverage by sites that are promoting Panama as THE place to retire.
Firstly, Panama MIGHT be inexpensive, compared to SOME places on Earth – but not compared to many of them. Especially near the capital city, where the infrastructure, services and amenities are plentiful and good, you will spend very much what you would pay in the USA: more for some/many things, and less for a few things.
Used cars, for example, are not cheap here. They hold their value very, very well. Good for sellers, not good for buyers. Groceries here, unless you are willing to purchase from street vendors, are outrageous, even by USA standards. Four medium tomatoes were priced at over three dollars recently, prompting me to plant seeds. SERIOUSLY.
Bus fares are cheap, but how many Americans want to ride the bus? I do. You will spend hours on the bus. Hours.
Security can be a problem. I’ve been robbed already, and I’ve been here less than three months. You have to be cautious, careful and suspicious of people, like most other places.
Apartments are not cheap. One thousand a month is a low-priced apartment here. That is not cheap compared to many places in the US. Getting a bank account is a time-consuming, aggravating, form-filled, expensive process. So is getting a Panamanian driver’s license. So is getting your visa to stay. The tourist visa is good 90 days, and then you have to get out of the country and re-enter to renew it.
The weather? Well – it rains a lot. When it isn’t raining, the humidity is high enough that your laundry will often sour on the line before it dries, meaning that you smell like a homeless person if you don’t machine dry them.
You can live cheap if you live and eat like a local. That means fans, not air conditioning, and foods you may not know how to prepare, or be accustomed to eating. However, that is part of the experience of living as an ex-patriot. There is good, and there is bad, and then there is just plain annoying. You get some of each. Paradise it isn’t. Liveable, it is.