For Home Owners

Roca Milagro is located in the province of Chiriquí, just outside Rovira Arriba, a tiny mountain village about 25 minutes from Boquete to the North and the larger City of David to the south.

Boquete boasts a growing number of amenities including excellent restaurants, spas, hotels, shops, supermarkets, gyms and endless opportunities to experience the natural wonder of the region.

Roca Milagro has an elevation of 1,700 to 2,000 feet, high enough to be considerably cooler than the much hotter temperatures at sea level.

Pacific beaches are less than an hour away by car and Caribbean beaches about three hours. The Costa Rican border is only an hour away.



The town of Boquete
The Caribbean Beaches


Panama enjoys a tropical climate with both a rainy season and a dry season.

There are no natural disasters such as hurricanes or earthquakes. 

Roca Milagro is located in the mountains and this ensures it pleasantly has mild temperatures year round, usually in the range between 18 to 30 degrees Centigrade or 65 to 86 degrees Fahrenheit.

Retiring in Panama

Panama has become one of the world’s top retirement havens

The Pensionado Visa is available to anyone over age 18 who has a lifetime pension, Social Security or annuity income of at least $1,000 per month (married couples can combine their incomes to meet the requirement). If you buy Panama real estate valued at $100,000 or more, the minimum monthly drops to $750.

Panama offers special benefits for retirees – including those from abroad. 

Pensionado Visa comes with discounts:

  • 25% off flights (domestic and international)
  • 50% off entertainment
  • 30% off public transportation
  • 25% off restaurants
  • 25% off utilities (electrical, telephone and water)
You can also import up to $10,000 worth of household goods tax-free.


While Panama has both public and private healthcare systems, most expats prefer private facilities since they generally provide better services. Medical costs are typically a fraction of what they are in the U.S., even at top private providers in Panama City. A local health insurance plan costs about $145 a month for a couple in their 60s and pays between 50% and 70% of most healthcare expenses.

Most medications can be purchased without a prescription (with the exception of antibiotics, controlled substances and certain pain meds). If you are a resident retiree, you’ll also qualify for discounts on meds, healthcare services and fees.
In Chiriqui province, where Roca Milagro is located, excellent medical care is at hand. There are hospitals, doctors and dentists and other health professionals, in the nearby city of David as well as in Boquete. 

Low cost of living

Similar to other Latin American countries, Panama has a low cost of living. A realistic starting point for a retired couple would be about $2,000 per month to cover basic housing and living costs.

The economy is stable with US dollars as the currency of Economics.