In Panama City, dotted with skyscrapers, high-end shopping and abundant nightlife, a couple can live quite comfortably on $1,500 to $2,000 a month. Meet one couple who retired abroad:
The United States has always been divided, but in recent years this has been accompanied by a nasty, off the charts intolerance that each side seems to have for the other. Some Americans who can afford to do so are getting out.
The quality of life for expats is good. “Panama currently has a lower Covid rate than the U.S.; a low crime rate; per capita income is high compared with other Latin American countries; and the government is stable,” Cheryl says. Panama also uses American currency, so there’s no need to change money or figure out what things cost.
The Smelsons, who are renting on a short-term basis while they house hunt, are drawn to nearby mountain towns which are much cooler. Two are Santa Fe and Boquete, which can have California-like weather, but rents that can average—get this—about $500 per month. Boquete has tons of expats, many of them baby boomer retirees lured there by the cooler temperatures and low cost of living.
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