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Daryl Ries of Keller Williams Panama, associate – Best Places In The World To Retire User Account
Cottage in Playa Coronado, Panama – Best Places In The World To Retire – International LivingLiving as a retiree in Panama is highly recommended because of the lower cost of living in general and what you can get for less, like low to no property taxes and an unheard of small amount to pay for condo monthly fees. You can tell I'm from NYC where the sky's the limit.
Whether you live in the city, which is preferable for some people, or you live on the beach or the mountains, is a matter of preference but you do have those choices in Panama. I chose the beach. I did not want to be more than one hour from Panama City because I am a city girl but I love the beach so I have it all. With excellent public transportation its doable to go back and forth easily and yes, for only $2 each way on the bus and taxis in the city.
If you do not live in the city then what is highly recommendable is Coronado, and beach communities on 'the Gold Coast" an hour to two hours from Panama City. The various wonderful mountain communities opposite the beach would be Altos Maria, which has gorgeous homes, and El Valle. It’s one of the most popular places in Panama other than Coronado, with its lush green and towering mountain peaks.
What you have now that did not exist 10 years ago when I moved to Panama are some excellent suburbs around the city. Here you have all the amenities of a suburb – shopping malls, lovely new homes and condos within a stone’s throw from the city. There is a new area of development of suburban communities, Panama Pacifico, which has become expat popular.  And there will be retirement settlements with assisted living options going up along the coast as the first of these is just breaking ground.
(Cottage in Playa Coronado, Panama, pictured.)
Nitzia Chifundo of Panama Sol Realty – Best Places In The World To Retire User Account
The best places in Panama to live and retire are so many!  Panama has so many good places to live but which one is best for you will depend on what you are looking for or enjoy the most.
Panama's variety allows you to select between a beach front property, one up in the hills or a well-located condo in the City.
Depending on your budget, property type, size and proximity to several facilities you may find your dream living or retirement home.
lars forsberg of Longboat Retirement – Best Places In The World To Retire User Account
What are the best places in Panama to live and retire?
That's a loaded question.
Clearly most retirees who move to Panama or are investigating retiring in Panama check out the usual locations: Bocas Del Toro, Boquete, and the mountain and beach towns near Panama City.
If living within a gated community or living near other people who share the same values and culture as you is what you want, these are excellent choices.  There are many options to choose from, making this decision difficult.
If you are interested in Panama to stoke your adventurous side, then the choices are even more difficult.  Because Panama is so young, there are many undeveloped areas that have the things that the adventurous look for.....mountain vistas, desolate beaches, big powerful rivers, and beautiful forests.
The Azuero Peninsula, though developing rapidly, still has many wild places to explore.  The other side of Volcan Baru, the towns of Volcan, Paso Ancho, and Cerro Punta are spectacular and fairly untouched by development.  The Caribbean coast other than Bocas, is untouched.  The possibilities are mind boggling for the adventurous.  The Darien (East of Panama City) is a can of worms or a gold mine, depending on how you look at it.
I guess as others have stated already, it depends....
Luis Teixeira da Silva of Algarve Senior Living – Best Places In The World To Retire User Account
Casco Viejo, Panama City, Panama – Best Places In The World To Retire – International LivingI read the older answers above with interest, and having just returned from another visit to Panama, I felt that perhaps some additional criteria might be factored into the decision-making process:
I agree that the 3 areas of main interest for expat retirement appear to be Panama City, which is an urban lifestyle, Coronado and Boquete. However, beyond the two factors often mentioned, weather and expat community (Panama City hot and humid and suffering from disproportionately hectic traffic, Coronado, in the hills and cooler weather with a different style of condominium living, and Coronado with a beachfront high-rise condo lifestyle in the main and the apparent ease of integration with other expats), we find that a range of other factors such as ease of access to amenities, distance to beach, safety, cost of living, and of course real estate values in particular rentals because many expats are coming for the winters. In addition, the new legislation around the need to remain outside the country for at least 1 month following expiration of a tourist visa, will also affect the choice of those people who have not opted for formal residence.
  • House in the countryside in Panama – Best Places In The World To Retire – International LivingAmenities: Of the three, Coronado is worst served. With the exception of a small store within the resort, most of the amenities are on the Panamanian Highway and only recently has a little more variety or quality been added. Nonetheless, Boquete, for example, has a range of traditional stores and even the Romero supermarket offered a good variety with some reasonable, and some more expensive items.  A maximum of 30 minutes along a new dual carriageway road one has access to a stretch of the Panamerican highway which, around David, has a much better set of offerings than near Panama City or Coronado.
  • Distance to beach: Clearly the winner is Coronado where most condos are on the beach. However, many residents I asked did not always feel totally safe in walking all the way along the long stretches of sand, especially at dusk and with construction crews lingering on build sites. Chame, despite its mosquitos, offers a greater sense of peace and tranquility. For those in Panama City, a trip out to Las Perlas, while expensive, is a wonderful beach experience. Skip beyond Toboga to Contadora and the beach quality will not disappoint. Equally, if in Boquete, swap the Bocas end which involves huge travel time and try to find a small peaceful spot on the Pacific side, near David.
  • River in Panama – Best Places In The World To Retire – International LivingSafety: Panama is only the 48th safest country in the world, which is not exactly top of the league tables. Canada is 8th, the US 103rd (so understandable that many Americans will feel safer) and another retirement location, Portugal, 3rd. Often it is not the safety itself, as most locals are friendly enough, but it is the sense of safety one feels when walking or driving. For example, walk too far away from the tourist center of Casco Viejo and the neighborhood becomes rougher (the tourist guides talk about the gangs which have now worked out a truce between them!). Try to aim for the fish market and the chaos of locals double parking and loading their purchases can be intimidating. Step through Almirante when aiming for Bocas del Toro and no one can ignore the abject poverty and disheveled state of the town. But equally, the less busy roads of Panama City are very pleasant for an evening stroll, and although dark I did not feel threatened when walking to a wonderful restaurant in "downtown" David on a Sunday night.
  • Cost of living: Panama is not as cheap as it once was (what place is?). Residents who have lived there for many years, remark how the cost of living has increased. Of course, it is cheap by New York or San Francisco standards, but then most places are. If cost of living is a factor, then do compare with other markets.
  • Rental: clearly you cannot rent a property for the price you could in Spain, but then again, you would probably have to travel an extra 3-6 hours for the former, so at the moment make sure you negotiate when it comes to a rental. In places such as Panama City, this is more difficult, but in Coronado and Boquete a distinct possibility and there is very good value for money in these areas.
Notwithstanding these points to observe, Panama remains a very good option quite close to the US, and with an excellent retiree program.
Remember to look beyond weather as your new life overseas will be made up of more than sunshine or rain!
Melissa Darnay of Choose Panama – Best Places In The World To Retire User Account
American Trade Hotel, Cosco Viejo, Panama – Best Places In The World To Retire – International LivingThere are three main areas in Panama in which to live and retire: 
  • In and around Panama City;
  • Coronado, which is a big expat area on the beach about 70 miles west of Panama City;
  • and Boquete, in the Chiriquí Highlands, 8 hours or so from Panama City, near the border with Costa Rica. 
Boquete is more remote and it’s cooler. Panama City is very vibrant, but not everyone wants to be in the hustle and bustle of the city. What we’re finding is that many people prefer the Coronado area. Because there are so many expats, it’s even more English language friendly than Panama City would be. 
In Coronado, because there are expats, it’s easy to make friends. You can almost “plug and play;” you can buy a place in Coronado and as soon as you move in, it’s really easy to get plugged into the North American lifestyle. You have people who speak English. You have people who can automatically become your friends and hang out with. You have people who already are doing the happy hours, doing the beach volleyball, doing the morning coffees, and there are already different charitable organizations to belong to. So whatever you would like to do, you can plug yourself in very easily and feel like you’ve been living there for years.
(Built in 1917 as a luxury apartment building with a department store and bank on the ground level, the the building has been revitalized in Casco Viejo as the American Trade Hotel, and is receiving visitors, pictured.)
Jonathan Stolarz of COSTA LINDA RESIDENCE CLUB – Best Places In The World To Retire User Account
House in Costa Linda, Panama City area, Panama – Best Places In The World To Retire – International LivingThe best places to retire in Panama depends on the life that you would like to have--- you can choose to be in the city (Panama City) or some other place like the beach or the mountains.  
If you prefer the mountains, you can go to Boquete.  However, there are not a lot of things In Boquete to do for people who are in their mid-thirties.  
If you choose to live here in the city, you have many things to do.  Panama City is not as fast as New York City, so it's quiet in general.  We have new places, the city's growing, and there are many green places.  We have high-rise buildings where there is a high density of residents, or you may go 10 minutes to 15 minutes from downtown and you would find a more peaceful place with less density.  
If you want to live in a suburban type, planned, gate-guarded community with social areas just 10 minutes from the city, you may choose to live in a place like Costa Linda, which is what we’re building, At Costa Linda, you have the chance to live quietly while at the same time being close to the downtown Panama City area.   Costa Linda is a certified green community, which means that we have low energy consumption, we promote walking instead of taking the car, and we have many social areas where you can walk, you can go to the gym, swim, ride a bicycle, etc.  There will be a total of 278 houses in this community.  In 18 months, we will finish around 100 houses and the rest of the houses will be ready in 3 years.
(Pictured: House in Costa Linda, Panama City area, Panama)
David De Franco Levi of DEFRANCORP- Business Consultants – Best Places In The World To Retire User Account
Buenaventura, Panama, beach – Best Places In The World To Retire – International LivingIn my opinion, the number one place in Panama to live and retire would be Buenaventura, which people would generally think of as being n the greater Coronado area.  (Pictured to the right.)  Buenaventura is located about 30 minutes past Coronado.  So, if you were coming from Panama City, you would go west, past Coronado, to Buenaventura.  From Panama City, it would take you about 90 minutes to get to Buenaventura.  One of the advantages of living in Buenaventura would be that if you need to get to Panama City for anything it's within reason to drive there. Or, you could go to Coronado, which has more amenities than Buenaventura. 
Buenaventura is the most high-end real beach estate beach area here in Panama. The cheapest apartment there could cost you in the US $350,000 - $400,000 range, with the most expensive one probably around $12-15 million dollars. Buenaventura has close access to everything: restaurants, there’s a huge Marriott in the middle of the complex, there's a huge golf course.  It has supermarkets and a fresh fish market next to it. There’s starting to be more development near it; more supermarkets, etc.  
Another “best place” would definitely be Coronado, which I would consider a mid level to high-end area. Coronado is about an hour west of Panama City.  Coronado is very popular with retirees. It has ease of access, and there's a little clinic there that has all the things that you would need in case of an emergency. You have several supermarkets right there. You have a liquor store. You have everything you need. You have restaurants. Coronado is a community, a town in itself. Coronado has gone from being a small town to being a big town now. It's really been growing. 
If you like colder climates, I would also recommend that you consider Boquete. Boquete is 45 minutes away from David, which is the second largest city in Panama.  David has one of the five largest hospitals in Panama, which is very big and very good.  David is a 35-minute plane ride away from Panama City, and then, from David to Boquete is around 30 minutes by car. David has at least two flights a day to Panama City, sometimes more. Usually, the people who like to go to Boquete are older. 
While many, many people like it, and it depends on what you’re looking for, some people would say that Boquete is a bit boring, because the people who live there are mostly retired Americans or Canadians, everyone speaks English, etc., so there’s not as much diversity in Boquete as in other places in Panama.  Some people would say that this would take some of the fun and adventure out of going overseas to retire. For other people, this is exactly what they’re looking for.   
Right next to Boquete, probably half an hour away, is Volcan.  Volcan is very similar to Boquete but less densely populated and with fewer things to do and fewer expats.  It’s very quiet.
kevin obrien of BarefootPanama – Best Places In The World To Retire User Account
el valle anton, Panama with birders – Best Places In The World To Retire – International LivingThe best places in Panama to live and retire depend on what you are looking for.  A lot of people want the cooler climates, which would place them up in the hills, in places like El Valle or Boquete. Then there are the beach communities. If you are looking for a place that has healthcare and any sort of service, the Playa Community around Coronado is best because it’s close to the Panama City and we have a Johns Hopkins clinic located there. 
Boquete is the fastest growing retirement area outside the US. There are some like-minded individuals there. It is a lot less like Panama than other parts of Panama as it is mostly foreigners retiring there and it is so close to Costa Rica that the locals “get it” when it comes to tourism and hotels. Also, people in Boquete speak English.
El Valle de Anton, and the areas around there have a bit higher elevation, which keeps it a little cooler. It’s very clean and green and it is a wonderful part of the country of Panama. Even though it is in the mountains, El Valle is only half an hour away from the beaches and golf courses.
The area around Coronado is being billed as the “Playa Community” (Beach Community), even though, in a broader sense, it also encompasses places like Altos del Maria and El Valle, which are both up in the mountains. It  has been a destination since the 1980s. Panamanian families built up the area around the beach in Coronado, but in the last 5 years, the Panamanian government has boosted that area with resorts. There is a handful of resorts in the area and then dotted in between are high-rise apartment condos.
That is the main area for breaking and entering, so we don’t really recommend a house in that area; it is definitely safer to live in condominiums. Real estate prices reflect it, because a condo is much more expensive than a house in the area. The Coronado / Playa community is more of a condo type community. So you can be a snowbird and come down for four months and leave your condo locked for eight months, and be safe, whereas if you left your house for just a few minutes, it would get broken into. So we really nudge the people towards the condo style places in that area until they solve that problem, which would be a long time.
I should emphasize that the crime in Coronado is crime against property, not against people.  The Playa Community in Coronado is about an hour and a half to 2 hours from the city of Panama, unless it is holiday or Sunday, in which case it could be a 5-hour drive. 
The Coronado area has grown so much. It used to have one grocery store, but now has four grocery stores. So you now have a lot more choices of restaurants and the area has been growing over the last 10 years. Now, there is basically a foundation for the future.
I did not mention Panama City as one of the best places to retire because you in my opinion, you have to be crazy to want to live there. If you are a city person, then it would be fine because it is a city. But Panama City is so congested. It was built for a population of 1 million and now there is about 2 million people there.
The roads don’t work, and the traffic is awful. It is not as bad as many other places, but I can’t imagine retiree people wanting to live here. It’s just madness. It’s an absolute crazy place to live since Panama City is loud, there is a lot of beeping, it’s smelly, and there is no ocean. It’s a city. Retired people usually look for a place to relax.
Bocas Del Toro is a nice place, but retirement really depends on what an individual likes. If you like Key West, you’re going to like Bocas Del Toro, but there’s not a lot of people retire in Key West. If they are looking for a little bit more reliable electricity, and water, well, they’re not going to get it in Bocas. Bocas is still a bit detached. Although there is road, it takes a long time to get over it. There is a flight, but not all that reliable. Also, it rains a lot more in Bocas than in other places and not all people like that.   The crime rate is a little higher in Bocas del Toro for breaking and entering. There is no community and health care there, either. There is one bank. These things don’t make people who come to retire jump up and down.
(Expats  seeking bird life in El Valle de Anton, Panama, pictured.)
MANUEL GRANADOS  of MEDICAL SERVICE PANAMA, S.A. (MS PANAMA, S.A.) – Best Places In The World To Retire User Account
Price Smart, David, Panama – Best Places In The World To Retire – International LivingThe best places for you to live in Panama depend on what you like. I met a couple about 2 weeks ago who said they would rather live here in David because it is warm. They are from Florida so they prefer to live here in David because of the weather.  Some people who choose to live in Coronado, which is close to Panama City on the Pacific beaches. They say they would rather live in that area because they like the beach.
In my opinion, two good places where you can live here in Panama would be Volcan in the Chiriquí highlands and probably David.
Volcan is a good place because it is not as expensive as Boquete. There are many expats who choose to live in Volcan and away from Boquete because they say that there are too many expats in Boquete.  The town in Volcan is smaller, but it’s nice and the weather in Volcan is a little bit cooler than Boquete, and much cooler than David.
The good thing about living here in David is that everything is here. Even if you live in Boquete or Volcan, whenever you need to buy something you have to come down to David. That is why I like David. David is a small city while Panama City is a very big city and you know how it is to live in a big city. There is traffic and noise but it all depends on what you want. Life in David is easier than living in Panama City because it still has a lot of things that you need and it is much smaller and much more tranquil.
(Giant economy sized products in Price Smart, David, Panama, pictured.)
Frank Kehanu – Best Places In The World To Retire User Account
Cambutal, Provincia de los Santos, Panamá – Best Places In The World To Retire – International LivingHi everyone,
The best place to live in The Panama Republic for you?
Only you can get that answer.
The modern conception of quality of life is a combination of factors: environment, standard of living, mental and physical health, social position, education, etc.
*** Another important factor in life quality is freedom***
—freedom to create, freedom to develop, freedom to make choices.
From this point of view we may say that the policies of a country’s government and its regime may also have a great influence on the quality of life.
With that freedom provided in the isthmus, most newcomers spend time visiting every available option and other venues, which are off the beaten path.
There is something for everyone in this isthmus: plenty of coast, islands, buzzing cities, high planes, volcano, valleys, lakes, desert, rivers, waterfalls, caves, jungle, etc.
You may find a spot that provides all these a few minutes apart.
Go, explore the Isthmus,  Your heart will tell you as soon as you find your best place. 
You´ll know then and only then.
For me is the best place is the Azuero peninsula in southern Panama, where the Republic of Panama's first scream of independence was heard. 
REM: Great Baseball too.
Welcome to the isthmus of Panama !!!
( The town of Cambutal, Los Santos province, Panamá, pictured.)

Michael A. Martinez of B & B Real Estate Nicaragua / Panama Real Estate Information – Best Places In The World To Retire User Account
best places in Panama to live and retire – Best Places In The World To Retire – International LivingThe best place to live and retire in Panama is the western Azuero Peninsula. They call it the "Sunset Coast" because it is the only coast that faces west, which is where the sunset touches the water.
It is very very beautiful here. Western Azuero is a 50-kilometer (about 30 miles) strip of coastline. From the surf break to the mountains can be anywhere from as little as 300 meters to around half a mile. We have these rolling, gentle hills that all face the Pacific coast. Any site from those hills has beautiful ocean views and sunsets.
One of the things that  sets us apart from the other part of Azuero, which is the Pedasi side is that, some reason, we have a majority of the natural spring water at the top of these mountains. There are at least half a dozen communities on this 50-kilometer stretch. There are six communities surrounded by these hills and mountains that have never ending natural springs and artisan wells bubbling out of the ground. It’s amazing.
On the other side of Azuero, however, their animals are dying. We never run out of water here. We have the sunset, the views, and water, which to me is the most important aspects about where you are going to live in the future. No one is stopping the water from running down these hills. A lot of developers who purchase lands for their projects are all sourcing some of these springs. Well water here is not very deep, just about 100 to 200 feet. So you can have deep welled water here. Western Azuero is blessed with water, which is one of the reasons it is a good place to live.
Homes and lots where you can construct small farms or other construction is undervalued compared to the rest of the country of Panama. You can go to Chiriquí, you can go to the beautiful beaches, or you can go to Coronado, or any of the beach towns, and you will see that their price per square meter and the price per house and for what you get are not in line with what we have here.  Here in Western Azuero, we have the best value for real estate.
Western Azuero also has everything that everybody else has and we have everything that everybody else doesn’t. We have gated developments if that is what you are looking for. If you want to be in a gated development with your own private beaches, we have three of those projects that are under construction right now. If you just want to buy a home that somebody built in a small subdivision, there is a couple of homes for sale. There is not a lot of inventory because most people came here to live and they are not leaving.
In all of these areas, throughout Central America and Mexico, a lot of people came to retire but for health reasons, they leave or sell and go back to their home countries. This is the main reason why people leave this place.  The main reason why expats leave is because they got sick and they need to go home to where they are covered with medical insurance. There are some people who have supplemental health insurance but most of these people are on Medicare.
Penny Ripple – Best Places In The World To Retire User Account
Bridge in Boquete – Best Places In The World To Retire – International LivingBeing from Florida, I had enough hot and humid (which is Pedasi, Coronado, Panama City and David), and settled in the beautiful cool mountain climate of Boquete. (A bridge in Boquete, pictured.)  I've lived here 10 years with a 15 month change to Cuenca, Ecuador, but returned to Boquete where I will live out my life.
One thing is it's near David, which is a large city with good shopping, and is only a 30 minutes drive away on a new 4 lane highway.   David has an international airport with COPA flying directly to Panama City to change planes to anywhere in the world.  No need to be in the strangled city environment.  If you need to go there, you can, but your daily life is in a community unlike any other.  ExPats here have organized several things to do that are fun. The Tuesday Meeting and Market are fabulous.   
Moran Amar – Best Places In The World To Retire User Account
Blue Venao Pedasi Panama arial view – Best Places In The World To Retire – International LivingI personally recommend to live and retire in Pedasi. Lately Pedasi is developing amazingly. There is a new hospital that is soon going to be opened, which is very important for a place to retire and live, and soon there will be a shopping center as well.
Pedasi offers first-class infrastructure and provides everything you need for a relaxing day at the beach, or perhaps, more strenuous activities such as hiking, biking, horse-riding, boating, fishing, and surfing. There are restaurants and hotels fitting every pocket, and a growing number of amenities and facilities for day-to-day needs. There is even a new recommended project in Pedasi to retire (pictured above). 
John Derry of Serenity Vista Alcohol & Drug Addiction Rehab Retreat – Best Places In The World To Retire User Account
Having traveled a fair bit across and around the country of Panama, we stumbled across Boquete and found ourselves having coffee at the wonderful Ruiz coffee factory shop. There we were, sipping some of the world's best coffee, amongst coffee plantations, smelling roasting coffee, fresh tropical flowers, and viewing vibrant rainbows and tropical rainforests from the coffee shop seating area. Is this heaven, we thought? At that moment, the thought came strongly to us: "Let's make this home!". And that we did.
And now, with the passage of time, feeling very much at home, we are glad we did.  For us, Boquete is our new home, with good friends, a friendly community, fresh mountain air, and endless views and hiking trails to last a lifetime.
So, what is the best place to live and retire in in Panama? Well, for us, it is Boquete. We love it here. 
Antonio Cheng – Best Places In The World To Retire User Account
Almost all of the expats who come to Panama are retired and most of them like going to Boquete. Expats like living in Boquete because life there is not as hectic as the life in Panama City. Most of the people in Boquete know English and they are so much more well- mannered than the people in Panama City. There are a lot of activities and things to do in Boquete, too, and these attract the expats. I went to Boquete and I was very relaxed. Life in Panama City is so hectic, but it is a total change of pace when you go to Boquete.
El Valle de Anton, which about an hour and 45 minutes from Panama City, is also a popular place for expats. The weather there is similar to the weather in Boquete because it is also in the mountains. The only thing about El Valle is that the people there do not speak English. They speak mostly Spanish, so you have to learn the language. You can also do a lot outdoor activities in El Valle. The pace is similar to Boquete, too.
If you want to go to the beach, there are a lot of places to go to. There is Coronado, Buenaventura, Rio Hato, and Pedasi. Deciding where to live in Panama depends on what you want or how close you want to be to certain areas, whether it be the mountains or the beach.
Bill Brunner of abc realty panama – Best Places In The World To Retire User Account
There are plenty of country areas within Panama once you get away from the big cities like Panama City, Colon, and David. David is a charming Central American city but it’s hot because its at sea level. You get the highlands in Boquete (30 minutes away from David) and Volcan (1 hour away) that are much, much cooler.  El Valle de Anton, where I live, is also substantially cooler, and it has many, many advantages of small town life, but close to the popular beach areas of Coronado (less than an hour away), and Panama City (less than two hours away).
Puerto Armuelles, which is on the Pacific side against the Costa Rican border on the coast, is a former banana company town and is attractive to some people because real estate values are pretty low there. It is sort of a ghost town, although it may be improving now because it attracted a lot of people just for that reason. They have old canals and old style houses that the banana company built is still there. The infrastructure that they had is underground electricity, sewage, water and so on.
What is interesting in Panama is that you can pretty much choose the weather you prefer depending on the elevation of the place. So if you don’t like hot, then do not go to a place at sea level and if you don’t want it too cool then don’t go to a place too high up in the mountains like Boquete and Volcan. Statistically, the Atlantic side gets twice as much rain as the Pacific side.
Panama City, as far as Latin America goes, especially Central America, is very cosmopolitan and it has a lot to offer – entertainment, educational opportunities and so on. There is a lot going on in Panama City. It has good telecommunications that is generally available in the rest of the country, too, but in Panama City  there is entertainment 7 days a week. There are restaurants and others things that most cities offer.
Jackie Lange of Panama Relocation Tours – Best Places In The World To Retire User Account
One of the many great things about Panama is that you can pick the temperature you like best just by moving to a certain elevation.  If you like hot and humid, then the beach areas, David or Panama City would be ideal for you - anything at less than 500 feet.
If you like spring like weather in the mid 70s year round, lots of green and flowers, then you need to be at 3,000 feet or higher.  Boquete or Volcan would be ideal.
If the mid 70s is a little too cool for you, then move down to 1,800 to 2,500 feet for low to mid 80s.  El Valle would work.  But there are also communities near Boquete to consider like Caldera or the gated community of Los Molinas
If you like even cooler weather in the high 60s during the day but the 50s at night, they Cerra Punta is the place which would appeal to you most.
Yes, Panama has something for everyone. 

Randy Hilarski of High Impact Media Group Panama – Best Places In The World To Retire User Account
The best place to retire in Panama is anyone's guess. There are so many options, climates, scenery and lifestyles to choose from. We are not retired to living close to the city was a priority. I would never choose the beach, but many people do. Life and retirement in Panama is so attractive because we can choose a certain lifestyle but are able to experience all of the other options within a day's drive.
Jim Procter of Panamaguru – Best Places In The World To Retire User Account
Not only does Lourdes Miranda have one of the best answers she is also  one of the very best attorneys in Boquete.
Lourdes Townshend of Multimodal  & Logistic Transports Magazine – Best Places In The World To Retire User Account
Traditionally Panamá has attracted people from all over the world for the simplicity and beauty of its history, territory and people.
As you plan to settle in a different country, to get the best from your golden years, "Will I be happy in this country?" is a very important question, and would be your major concern.
Whether or not to move to a certain place depends on your present situation.  If you are seeking a better quality of life on a much better budget, then definitely you should do a thorough investigation.  Using the Internet offers many options, as each country tries to attract foreigners and offers the best they have, sometimes making it overwhelming to make the final decision.
But if you do careful research, you will certainly find the best place to accommodate you, as no all places are right for every person, because each individual has different tastes and lifestyles.
Family and health should be among your highest priorities, so please make every effort to get the best information on transportation (so you can visit your family easily and promptly, should you need to) and medical centers that are suitable for your needs.
Reason Why Panamá is the #1 Destination Worldwide
Panama offers:
  • multicultural options;
  • all kinds of religious denominations;
  • technology;
  • excellent highways and transportation (in most cases, leading the region on such issues);
  • safety;
  • tolerance;
  • stable and democratic government;
  • prime medical centers connected with important US centers like John Hopkins;
  • great airports and ports;
  • many tourist centers appointed Patrimony for the Humanity;
  • the Panamá Canal, which is one of the 8 Wonders of the World;
  • white and black sand beaches;
  • international sport and golf clubs;
  • great places for surfing, scuba diving, snorkeling, horseback riding, water rafting, bird watching, rope courses;
  • canopy, prime forests and jungle, abundance of butterflies, fishes, nature, fauna and flora everywhere;
  • the only country in which you can scuba dive both Pacific and the Atlantic Ocean the same day, driving only 2 to 3 hours;
  • hiking, jogging....
In addition, Panamá offers great weather, with only dry or rainy season.  While there can be some flooding here and there if you live by a river, Panamá has no snow, earthquakes, tornados or other major disasters.  
Panamá also offers you the choice of living in a warm or a cool climate.  If you don´t like sunshine and hot weather, just go to one of the wonderful places, not only the traditionally ones that are the best known, but there are many places in the "interior" that offer mild climate, special at night, and prices that are much better, because they are not tourist sites.
And best of all, by law, all locals and retirees with a proper visa receive a very attractive 25% discount on medical care and prescriptions, hotels, restaurants, airlines, movies and other items.
In other words, Panamá has it ALL INCLUDED for you to enjoy.  And that’s without mentioning the beauty of it’s nature and it’s warm people.
If relaxation is what you are looking for, while having the ability to add an extra ingredient of full country or city spices and cutting your budget by one third from where you are living right now, think of Panamá.  Panamá is not a perfect country; none is.  Panamá has it all, including, sometimes, little frustrations, that you learn how to skip, but compensated for by living a wonderful life.  If you come with an open mind to fit in a different and pleasant life, you will find that Panamá is a good choice.
And the place within Panamá?  Visit different regions to find what you love best:
  • Mountain: Cerro Azul, Altos de María, El Valle, Boquete, Cerro Punta or Volcán.
  • Beaches: anywhere from Gorgona, Coronado, Corona, El Palmar, San Carlos, Santa Clara, Santa Catalina, some of them in the Chiriquí Province or the beautiful islands in Bocas del Toro or the Pacific.
  • There is the city, full of excitement, very cosmopolitan and waiting for you.
  • Islands to visit: Taboga, ,Cantadors, Isla Grande, and the beautiful San Blas Archipeligo, among others.
  • There is the countryside, a beautiful place to settle if you just want a real relaxing life.
  • There are other smaller places not mentioned on-line like Cermeño, Campana, Chame, Capira, Sorá, Sajalices, Bejuco that are not yet quite discovered, but excellent and charming little towns in which you can live quite comfortable, all just a few kilometers from beaches and facilities.
Regarding prices, what you see on-line is usually the most expensive offers.
As professionals are always required for certain procedures, it is not a bad idea to contact an independent local for complete and candid answers, before you make your final move.  There are always "certain" things that on-line or sellers don´t tell you.
And last but not least, as I mentioned earlier, take information on-line but remember that vendors only post whatever they want you to see.  There are many other options, some of them, not so expensive, and inquire about little details like where you get your utilities, as well as other items such as neighbors, noise, and other basic needs.  That way, you are not misled.
One very important advice is to try to interact in the Spanish language with locals.  They will be delighted that you are trying (even if your Spanish is very bad), and doing so will minimize the frustration of them trying to speak in your language.  Locals love to be taken into consideration.​
James Bloomfield of Bala Beach Resort – Best Places In The World To Retire User Account
There are plenty of places in Panama which would be perfect to live and retire. Depending on your lifestyle, your budget, your sense of adventure and privacy needs, and your ability to transport yourself, you will find certain regions of Panama more or less friendly for you. 

When first moving to Panama it is a good idea to put down roots in the capital city (Panama City) for a few months. It can help you get grounded, do some networking, and see what the opportunities are for your future in Panama. 

After a few months using the more concentrated resources in the city, you can begin looking around for more affordable (and certainly more peaceful!) accommodations elsewhere. 

Many people will probably recommend places such as Coronado, Boquete or Bocas del Toro already so I won't add anything about them. A lot of people say that El Valle and Cerro Azul are lovely to live in.

I'm currently based in both Panama City and Maria Chiquita on the Caribbean coast. I can say that my home area of El Cangrejo is a lovely, mid-end residential area that is lively during the day and full of relaxed bar culture in the evening. Plenty of bars, plenty of good restaurants across a range of cuisines and prices, and a cool vibe help. 

I love parts of Colon Province too, including the Portobelo area. It's super cheap out here and is beautiful - the jungle bordering the ocean road is virtually all part of one national forest or another. I live at Bala Beach Resort in Maria Chiquita and the area has a number of good restaurants and adventure activities, as well as beautiful beaches. 

Ideally, you should try and take a road trip around Panama first. You'll find your own pace of life can be accommodated somewhere here, and it may only take a few days to find out what kind of place is perfect for you in paradise.
Ana Camboa of Desarrollo Turistico Buenaventura – Best Places In The World To Retire User Account
I agree with the other contributors. Panama offers a variety of lifestyle options, and the perfect fit depends a lot on personal interests and budget.
I highly recommend Buenaventura if you enjoy the beach and tranquility. It is conveniently located just 30 minutes from Coronado.
To add to the other comments, when planning to relocate or acquiring a vacation home in a foreign country, finding a place that provides peace of mind is essential, and Buenaventura offers just that, along with many other perks and benefits.
Doing a proper assessment of the areas of interest is important, especially in order to understand the security of the property, the proximity to health care and the stability/credibility of the project.
I recommend doing a Discovery Tour Package and/or search for a rental unit in the areas, in order to get better idea of what you are investing in, prior to making to the move.
Lourdes Miranda Beiro of Miranda&Contreras Law Offices – Best Places In The World To Retire User Account
One of the best places to retire in Panama is Boquete. It is a very well organized mountain community with a nice climate. Boquete has welcomed many foreigners in the last few years seeking a life surrounded by nature and tranquility and it is a highly recommended destination for visitors.
For those looking for a place with more activities, Panama City has always been a good destination, close to beaches, places of tourist interest and night life.
James David Audlin of Editores Volcán Barú – Best Places In The World To Retire User Account
What is the best part of Panamá for you to retire to depends on you. If you want to live in a community of fellow English-speaking gringos, look into a gated community. If you want cultural opportunities, consider many neighborhoods around Panamá City. If you want the beach, look for sand. If, like me, you want to live quietly in a world orbiting some star in another galaxy, move to the countryside. I, for one, am ecstatic with joy for living in the Tierras Altas of the Chiriquí Province. Even strangers here are apt to wave and smile and say "¡Buenos días!" to you. My neighbors often come over to share food or visit with me. The children in the neighborhood treat me like their favorite grandfather. In short, every day I cannot imagine being happier, but every day I find I am indeed happier living here.
Lola Braxton of Services Toby – Best Places In The World To Retire User Account
The best place I have found in Panama to live is in David, Chiriqui. My family moved here about 25 years ago.  I never thought after three months that I would still be here. Yes,it does depend on where you would like to live. But, thus so far I love the tropical weather, this growing city, and most of all the people. I´m not too crazy about the cold weather but if I want that, I only have to drive about 45 minutes to Boquete or Volcan and get cool weather, so you get a bit of both climates. The Pacific Ocean is 25 minutes from my home and what I love about that is, when I need a break I just pick up some lunch and head to the beach for a picnic with my kids. Or even a romantic walk down the beach with my hubby in the moonlight. I wouldn´t change it for the world.
Neil Stein of Panama Paraiso – Best Places In The World To Retire User Account
The best place to retire in Panama depends completely upon your interests and budget.  In 2012, I decided to retire.  I had been living on Kauai in Hawaii for the past nineteen years and had very definite needs.  The place would have to have a similar climate to what I had become accustomed, mountains for road cycling, races for the same, good surf, friendly people, a safe environment and a city for culture.  And certainly be affordable!
Downtown Panama City, Panama – Best Places In The World To Retire – International LivingI had visited Costa Rica in 2004 and loved the country.  However, after some research, I found that prices had risen to similar levels found in the United States.  I had spent eight months in Spain in 1992 and fallen in love with the Latin culture.
So, I decided to check out Panama since it's right next door to Costa Rica.  I picked the two wettest months, October and November, to see just how bad the wet season really is.  It turns out that it was actually drier than Kauai and the rain was much more predictable.  Typically it rains for a couple of hours late morning or early afternoon.  Early morning, when I ride, is almost always dry as well as the evenings.
I went all over the country checking out all the ares that had expat communities with the necessary mountains, good weather and surf.  I visited Panama City, Boquete, Volcan, Bocas del Toro, Coronado, Pedasi, Santa Catalina and El Valle - a pretty good cross-check of the country!
Lagoon with boat and dock in Panama – Best Places In The World To Retire – International Living
What I did discover is that the entire country of Panama is very beautiful, the people are amazingly friendly, and I always felt safe - of course avoiding the few parts of the city and Colon that are deemed less than safe. Shopping for essentials at reasonable prices is no problem and there is so much to do everywhere!
For me, I chose El Valle, Boquete and Pedasi as the areas most desirable for my lifestyle - finally settling on El Valle because of the mountains, perfect climate, access to the ocean, close proximity to Panama City and the friendly people.
Mountain to the ocean view of El Valle de Anton, Panama – Best Places In The World To Retire – International LivingUltimately, what's good for me may not work for you.  That decision has got to be  yours alone!

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