We report often on the best places in Panama to retire well on little as little as US$1,000 a month or even less. With that budget, you’d be enjoying a good but simple life, living more like a local than an expat. On the other hand, Panama is also a place where you can enjoy what could be described as a luxury lifestyle, the kind of life you could embrace in Manhattan or London, Miami or Dubai. The “penthouse life” you might call it, complete with two-story waterfront penthouses in buildings with saunas, spas, massage rooms, squash courts, and 24-hour concierge doormen and supported by five-star restaurants, trendy bars, and international-brand shopping (Tiffany, Hermes, Cartier, Rolex, etc.) nearby.
In Panama City, such a lifestyle is on offer in Punta Pacifica. Luxury, of course, comes at a cost. Punta Pacifica is the most expensive living option in all Panama. Per-square-meter sales prices average US$2,000. Penthouses rent for US$5,000, US$8,000, and more a month. Monthly condo fees can add another US$500 to US$1,000 monthly. A couple of drinks in the Trump Tower bar can set you back US$20. However, comparable digs in comparable buildings with water views in Manhattan or London? They’d cost you multiples of what you’ll spend in Punta Pacifica.