Panama is rich with natural beauty and modern conveniences, and when it comes to both in one place, Coronado has it. This is one of many reasons why Coronado is one of the best places to retire in Panama. Coronado is a beach town with so much to offer for retirees; you’ll feel right at home. At the same time, you’ll also enjoy the tropical paradise that is the Panamanian Pacific coast. There’s world-class shopping, golf, excellent healthcare, great restaurants and bars, and of course, a booming real estate market, all within an hour’s drive (Panama City), making it an easy trip to Tocumen International Airport, and all of the amenities the capital has to offer.
Why Retire in Panama?
You may be thinking, “is retiring in a foreign country a good idea?” and that’s a very valid and normal concern for many who are looking to make the big move. In Panama, you’ll find that foreign retirees enjoy some of the best quality of life amenities in the world, with government-sponsored incentives like nationwide discounts (25-50% off almost everything), tax breaks, easy immigration, and affordable healthcare. As a retiree, you will also enjoy a favorable climate, and find a number of communities that cater to your needs, along with plenty of fellow retirees to help make the transition smoother.
Why Coronado is One of the Best Places to Retire in Panama
Coronado has long been a favorite beach escape for many Panamanians who want a taste of the good life, while still being close to the city. Now, after years of development and great press, Coronado has also become one of the best places to retire in Panama. While there is plenty to love about Coronado, retirees seem to love it for a few key reasons. It has a gorgeous white sand coastline, beautiful (and often very affordable) properties, great food and shopping, and easy access to the national highways, Panama City, and international airports. Many compare it to Boca Raton or Sarasota, Florida, but at a fraction of the price. You can live very well on a modest retirement savings or social security payments, and still get world-class healthcare and services.
Finding the Right Fit for You in Coronado
Like any good retirement community, there are plenty of options for a variety of tastes and budgets. Because the real estate market is so diverse, we recommend you visit Coronado before deciding to take the plunge and commit to retiring there. It’s also good to plan your budget ahead of time, and search for areas to live based on what you’re looking for, and what you can afford. Purchasing a house on the beach can run you anywhere between $200,000-$1,000,000 so there really are a lot of choices. If you choose to rent, you can get a modest house or apartment for under $1,000 per month, with nicer properties ranging from $1,500-$2,500.
Live a Tropical Beach Life, at a Fraction of the US Cost
One big reason that makes Coronado one of the best places to retire in Panama is its proximity to the beach. Coronado has a few miles of some of Panama’s best white sand beaches, and runs adjacent to similar towns, which make up a seemingly endless stretch of Pacific coastline. The waves are relatively calm, and there’s a steady breeze that washes ashore all year round, making Coronado a great place for people who love tropical, breezy weather. The center of town is mid-sized, and has dozens of restaurants that serve exquisite seafood, land fare, and international cuisine.
There is a small international supermarket where you can find all of your favorite products from back home, and you’re a quick drive from bigger chain stores, and other services. In the town of Coronado, you’ll find lots of boutique shopping, especially for beach gear, clothing, and home décor. Coronado is also extremely safe, and has a very tight-knit community of both expats and locals who look out for each other, and share in their experience, whether retiring or there to work.
Learn more about relocating to Panama and read about Panama retirement visas.
