The Pensionado visa
Panama's Pensionado program grants permanent residency from approval on a guaranteed lifetime pension of as little as US$1,000 per month (US$750 if you own property over US$100,000). It also unlocks Law 6 discounts of 25–50% — on flights and domestic transport, healthcare and medicine, restaurants, entertainment and more. Full requirements are on our residency & visas page.
A lower cost of living
Day-to-day costs typically run 30–50% below comparable US and Canadian cities. A comfortable lifestyle in a good Panama City neighbourhood is achievable on a modest budget, and coastal or highland towns stretch a pension further still — without giving up modern amenities.
World-class healthcare
Panama City's private hospitals are genuinely strong — Pacífica Salud is affiliated with Johns Hopkins Medicine International — at a fraction of North American prices. Quality, affordable healthcare is one of the most common reasons retirees choose Panama over other destinations.
Where retirees live
City-lovers gravitate to amenity-rich districts like Costa del Este and Santa María; others choose the cool, green highlands around Boquete or Pacific beach towns like Coronado. We match the community to your budget, climate and lifestyle — and handle the residency paperwork alongside the purchase. Read the wider case in why Panama is one of the world's best places to retire.
Frequently asked questions
What is the minimum income to retire in Panama?
The Pensionado visa requires a guaranteed lifetime pension of at least US$1,000/month, reduced to US$750 if you own Panamanian property worth over US$100,000, plus US$250/month per dependent.
Is healthcare good in Panama?
Yes, particularly in Panama City. Leading private hospitals include Johns Hopkins-affiliated Pacífica Salud, with costs well below US levels. Many retirees carry local or international insurance.
Is Panama safe for retirees?
Panama City's established residential districts and popular expat towns are generally considered safe and comfortable, with first-world infrastructure. As anywhere, area selection matters — which is part of what we advise on.
Sources & last updated
Figures reflect published 2026 data and are indicative; laws and market conditions change. Verify specifics with a licensed Panamanian attorney or tax advisor before acting.