But Isn’t It Expensive? – part 2
Panama’s affordable medical care is among the best anywhere. The quality of health care is comparable to North America but the prices are one half or less! A local Panamanian Insurance Company can provide full medical insurance for under $50 per month per person. Even if you have to pay out of your own pocket, medical costs are still affordable.
Panama has an over all life-expectancy rate of 75.68, which is almost as high as — (72.94 for men and 78.53 for women)—the United States (76 for men, 79.8 for women).
Hired help is a bargain when compared to prices up north. A full-time maid can be hired for under $200 per month.
In Panama any legal resident may buy and own property. Retirees do not have to pay property taxes until they sell their homes. On new homes there is a 20-year exoneration from taxes. Property prices are very reasonable when compared to what you’ll pay in the U.S., Canada or Europe. A decent apartment may be rented for as little as $200 per month. A luxury apartment in the best area of Panama City can range from $500 to $800 monthly. A new home may be purchased for under $50,000. Actually, an investment in Panama today is much better than an investment in California real estate was 30 years ago.
