Retire in Panama Affordably - Panama City - Cost of Living

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Panama City Living Abroad Cheap Report
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Sherry Cooper, a Canadian expatriate currently enjoying the enchanting tropical haven of Panama City, generously divulges the financial considerations essential for a comfortable living or retirement in this picturesque locale. Delve into her insights on healthcare and visa requirements, and discover why Panama City stands as an idyllic haven for both retirees and expatriates alike.

Опубликовано:

28 сен 2024

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Комментарии : 65

@galelagace9256 8 месяцев назад

She’s wrong about the requirements for a pensionado visa. In Panamá you cannot get a pensionado visa based on investments or “having enough cash in the bank.” You can only qualify for a pensionado visa if you can prove at least $1,000 USD GUARANTEED monthly income FOR LIFE for a single person based only on retirement pensions or something like US Social security or some form of government or retirement MONTHLY INCOME FOR LIFE. You can have millions of dollars in the bank but that won’t qualify you for a pensionado visa in Panamá. Millions of dollars in the bank will qualify you for a visa in México however.

@adventurefreaksss 8 месяцев назад

Thank you for this update and viewing our content! Do you have to make a 200k investment with the Friendly Nations Visa?

@JR-mo8os 8 месяцев назад

Panama offers an Investor Visa also.

@adventurefreaksss 8 месяцев назад

Do you know how much investment is required? Thanks for viewing our content! @@JR-mo8os

@adventurefreaksss 6 месяцев назад

What other countries have you considered? Curious?@@Beachgirlxoxo

@adventurefreaksss 6 месяцев назад

Panama is a great option. I've spent a good amount of time there and it really has everything. Great year around weather, amazing beaches, islands you can explore, much to love. And yes the healthcare is excellent there. Italy is a great option too! @@BeachgirlTraceyxoxo

@guillermogouldburn763 8 месяцев назад

Parque Omar in the city is a wonderful park too. Locals call it "Panama's Central Park." About the metro, you can use any Mastercard or Visa, credit or debit, to get through the turnstiles. Takes you all the way to the airport and beyond for less than a dollar.

@adventurefreaksss 8 месяцев назад

Thank you for this addition!!

@KB3TLE 2 месяца назад

OMG --- $1100 rent is more than the $1000 required income to qualify for a seniors retirement visa ? Not sure how 'that' works ? > A 30% rule would require $300 rent max. or 30% of $1000 ? --- Her lifestyle must be very extravagant by typical Panamanian standards ? (almost 4 times the max) ? --- $5,000 for a lawyer sounds like extorsion - just like Argentina's 'fees' ? (mafioso like) This seems very expensive to move there compared to the Philippines for example ? 🤔 -- And -- they speak English over there !

@55mjlangdon Месяц назад

I agree very expensive from what I previously heard that it was less expensive than Mexico.

@youpihat Месяц назад

Since 2001 to now 2024, Panama has changed a lot ! The cost of living is more expensive now !

@normagertz9055 8 месяцев назад

You can’t get a one bedroom apartment for $1,250 in Orlando, much less a front ocean one. God bless.

@adventurefreaksss 8 месяцев назад

Yes, and the rents all over the US continue to climb. Thank you for viewing our content!

@jameskelly9243 8 месяцев назад

Orlando has ocean front?

@susannesuffoletta Месяц назад

🌞 Orlando is in Florida USA

@beaulong Месяц назад

Panama is super expensive period!!

@JerryC423 7 месяцев назад

I love you Panama, cant wait to see her again. I truly miss the walks and look forward to seeing the inlands. Alot still to learn

@chickolat 8 месяцев назад

I am alos Canadian and looking to go to Panama for 6 months. How does one find rental that isnt through airbnb?

@adventurefreaksss 8 месяцев назад

Join some Facebook groups in Panama. There may be some groups on rentals as well. Airbnb and FB groups are the best way if you're not there. Cheeers!

@gif24gt60 8 месяцев назад

$200,000 is not so friendly

@adventurefreaksss 8 месяцев назад

The Pensionada Visa is friendlier. Currently you need to show an income of 1k per month!

@JR-mo8os 8 месяцев назад

There are others ways to qualify for residency like employment.

@adventurefreaksss 8 месяцев назад

Thank you for this addition. When you say employment do you mean obtaining employment by a Panama company or are you including digital nomads as well that work for companies outside of Panama. Thanks again!@@JR-mo8os

@JR-mo8os 8 месяцев назад

@@adventurefreaksss I mean hired locally but could also be under a corporation that you create. Another way to qualify is to have a baby in the country.

@adventurefreaksss 8 месяцев назад

All good tips! Much appreciated!!@@JR-mo8os

@AldoGuzman-fk8pv 8 месяцев назад

Nice interview! a lot of good information about the cost of living in Panama city, Panama! thank you!

@adventurefreaksss 8 месяцев назад

Gracias!!

@pamlico53 17 дней назад

Panama is now expensive and cost keep rising. One can live n Panama City off of $2500.00-$$3000.00 but don’t expect to be doing too much other than taking a walk or staying on the computer all day long in your apartment. I lived there in the late 70’s for almost three years and have now lived in Colombia for the past 27 years, visiting Panama numerous times to go fishing. I have cut back on the trips to Panama and just travel to the states for breaks because the cost to go to Panama has gotten so high.

@adventurefreaksss 17 дней назад

Where do you live in Colombia? Yea, Panama is really desirable and many people are moving there.

@MuizzWaljee 7 месяцев назад

Retire in Panama If you are planning to retire in Panama we can help with Panama Residency Visa. Typical processing time is 6 months. We have an expedited service that takes 6 weeks or less.

@adventurefreaksss 7 месяцев назад

What's the minimum monthly income requirement to retire in Panama?

@MuizzWaljee 7 месяцев назад

@@adventurefreaksss For Retire Visa minimum income is $1000

@adventurefreaksss 7 месяцев назад

Would you be interested in talking on this subject on one of my podcasts? I'd be happy to have you!

@mikeb1308 Месяц назад

What is your website or contact information.

@GaryGooden-h6m 21 день назад

I'm Canadian also, is she retired? about how much Canadian do you need monthly to live fairly comfortable?

@adventurefreaksss 21 день назад

@@GaryGooden-h6m she has a business. You could live quite well on 2k per month in Panama City.

@GaryGooden-h6m 21 день назад

Thank you so much for your quick reply I appreciate it. Planning a trip very soon.

@smooth2365 2 дня назад

@@adventurefreaksssthat’s considered cheap? That’s getting up there and comparable to Canada

@gif24gt60 3 месяца назад

That was a pain staking interview 😮

@sailingcate1838 5 месяцев назад

For you canadian and us people everywhere is ricolous cheap. Not for low european pension!

@KB3TLE Месяц назад

Many in the middle of the US don't think it's cheap either ! California & NYC think so. 'Average' US - SS retirement is about $1800 USD / mo. Good in S E Asia -- not in the US ? -- Many are retired in Cambodia with $800 to $1200 checks also. And the Philippines where many do well on $1000 USD.

@hinthegroove9740 Месяц назад

Panama City is expensive compared to their neighbors, but it is a developed city where you can drink the water and electricity is reliable, it’s safe as well. I have not yet been, but I have researched and hope to visit those fish frying folks soon, I drool just writing about it.

@adventurefreaksss Месяц назад

Very true. Panama City is very developed and not many people know you can drink the water. You have been doing your research!!

@mariagregg2350 5 месяцев назад

i’m really looking to retire there

@gregdurham9779 3 месяца назад

I am checking out Panama now since I am collecting Social Security

@adventurefreaksss 3 месяца назад

Panama is a great option. Keep us posted.

@gregdurham9779 3 месяца назад

I just worry about the American government crashing the economy and my social security not being worth much

@singlewomenretiringabroad 5 месяцев назад

I live here, same area and she is on point...I just need to find the phone plan for $20 a month.

@catperezreiki Месяц назад

Great information, thanks. Yet as a single woman you did not ask her about SAFETY, which is Súper important for me🙏

@adventurefreaksss Месяц назад

Where are you from?

@enricogarrone3495 6 месяцев назад

That's insanely cheap . Sound like you are talking about a different planet ( Galaxy)I Live in Vancouver Canada 😢. Can't wait to visit .

@adventurefreaksss 6 месяцев назад

Unfortunately, Canada has become very expensive as well, many moving south:). Thank you for viewing!

@WolfF2022 5 месяцев назад

The wages are also cheap, otherwise the citizens would not be able to afford things there.

@FeMiNem-Poet 6 месяцев назад

💐Great-great interview and info. You do a great job extracting the info. 🪻 Looking at your other videos - it's easy to get the required information one is seeking.🌼 🌼As of March/2024 - For pensioners on the pension visa - A required income pension of $1,000.00 U.S. dollars for life per month. 🌲 They get discounts on restaurants, movies, and Entertainment - sometimes as much as 25% percent on some categories.🌼💐🌼