Azuero Peninsula, Panama

Known as the cultural heart of Panama, the Azuero Peninsula offers a slower pace of life, pristine beaches, and vibrant traditions. Jim Gault, who moved to the region in 2015 with his wife, Abbe Drossner, describes it as “paradise.” He adds, “Relaxing in a hammock with cool sea breezes turning your book’s pages is a common pleasure.”

The area’s affordable cost of living is another major draw. “The cost of living in the Azuero is among the lowest in Panama,” Gault said. With oceanfront communities like Costa Pedasí offering stunning Pacific views, and fresh, locally sourced food available year-round, the Azuero Peninsula is a haven for retirees.

Panama earned the No. 1 overall spot on International Living’s 2025 list of the Best Places in the World to Retire.

Green Spain

Northern Spain’s verdant coastline, spanning Galicia, Asturias, Cantabria, and the Basque Country, offers retirees a quieter alternative to the bustling south. “This region is a paradise for those seeking natural beauty, incredible historic sites, and charming villages,” said Maria DiCicco, an International Living contributor.

Retiree costs in Green Spain are surprisingly affordable. “City living costs average between €1,500 and €3,500 per couple,” DiCicco added. “Healthcare is either free under Spain’s public system or available through private insurance plans ranging from €50 to €200 per month.”

Next page: Coastal Montenegro and Northern Portugal