Coronado Beach : Panama

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What it's Like to Retire in Coronado Beach

Retirees from the US and Canada have long found the Coronado Beach area a popular place to retire. There is a vibrant social scene for these expats, as well as a variety of developments, often condominiums, for them to live in. The "pensionado" program is attractive because it provides visas and discounts to retirees who move here.  The Pan American Highway, which opened in the 1990s, along with a soon to be completed new airport, Scarlett Martinez International Airport at RIo Hato, make getting here much easier than it used to be. A smaller neighboring beach town, Farallon, is also attracting development and expats.  Panama is also attractive because it is considered friendly to the US and even uses the US $ as its currency.

 

Where to Retire in Coronado Beach and Home Prices

There are numerous condominium projects on or near the beach that are popular with retirees. Many of them are gated. Prices have been rising. A typical price might be $2300 per square meter (more than $200/sq.ft.). These developments are popular both with expats from North and South America as well as from wealthy Panamanians looking for a getaway. High season rents for nice buildings with ocean views tend to be between $1500-$2000 per month, with fairly large apartments selling in the best buildings in the high $300s. Interior developments will be less.

 

What is special about Coronado Beach

Panama is considered a stable country both economically and politically. This is generally a safe area, particularly in the gated developments. The beaches are fantastic and the climate in never bad.

 

What is not special about Coronado Beach

Prices have become expensive relative to a few years ago.   This is a resort area and that makes it fairly busy. It is hot and humid year round, although mitigated by the ocean climate.

 

Who will like retirement in Coronado Beach

Coronado Beach attracts retirees from the U.S. and Canada looking for a year round or seasonal retirement. There are also wealthy Panamanians and others from South America.  Golf, the beach, and an active lifestyle are draws.

 

Local economy is driven by

Tourism, expat retirements, and construction are important to the local economy.

 

Climate and Physical Environment

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Restaurants & Cultural Scene

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Crime

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Medical facilities

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Transportation

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What people are saying about Coronado Beach

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Facts about CORONADO BEACH
  • State: PANAMA
  • Environment: Coastal,Resort Community,
  • City Population: 50,001-100,000
  • Median age of Population: 25-44
  • Avg Jan Temperature: 61 +
  • Avg July Temperature: 81+
  • Median HH Income: 41,001-60,000
  • Average Home Price (MLS): $100,000-$200,000
  • Annual Property Tax on a $200,000 house: NA
  • Total Crime Index: 101-110 (slightly above average)
  • Cost of Living Index: 91-100 (slightly below average)
  • Culture Index: 81-90 (low)
  • State Sales Tax: No
  • State Income Tax: Yes
  • Name of the Guide: boomer1

Can you add to or correct these Facts? Or do you have a photo of this community we could use? If so, please click on Edit these facts

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