Free 200+ Page eBook

Top 57 Places to Live & Invest in the Tropics

Quickly find out which country is right for you.
No-hype updates & resource guides. No Spam. Ever.
Limited offer. Instant Download.

Join More than 58,187 people who are breaking free

we value your privacy

The Truth About Assisted Living in The Latin Tropics

For many seniors moving abroad, learning the truth about assisted living in the tropics can be an important first step in the decision process. In fact, it may come as a pleasant surprise that retiring abroad and living in a community that provides care and assistance are not necessarily choices that exclude one another.

Nearly one million Americans of retirement age have moved beyond the borders of the United States. As more and more “baby boomers” reach that life milestone, the demand for facilities and communities that can offer the services required by an aging population will also increase.

the truth about assisted living in the tropics

Kristopher Schultz

Assisted Living in Paradise Is a Viable Option

With rising medical costs, a volatile market, and general uncertainty about the future, it comes as no surprise that more and more Americans of retirement age are choosing the Latin American tropics as their preferred destination. With many countries actively promoting programs that can benefit seniors, the truth about assisted living in the tropics is that it is a viable choice for both retirees and their aging parents.

There are a number of compelling reasons to make such a move. The lower overall cost of living, improved access to high quality medical care, and the more relaxed lifestyle are just some of the features that should make the expat option a strong consideration as a way to spend your senior years.

the truth about assisted living in the tropics

Danny Kim

Latin Locations That Offer Assisted Living

Below are examples of four countries that offer high-quality assisted living in the tropics. Each of these locations provides the opportunity for a full and vibrant retirement combined with the individualized care some seniors need.


Mexico has been a retirement destination for Americans for many years. With the median cost of long-term care in the U.S. averaging over $43,000 per year, it is not surprising that may retirees are exploring the options that the land south of the border can provide for retirees and their aging parents.

One of the most popular regions is the Lake Chapala area. As one of the largest expat communities in the world, there are a number of facilities that cost half (or less) what similar residences in the U.S. cost.

Seniors would find the Lake Chapala locations very similar to high-end retirement settings in the U.S. Offering clean, comfortable residences, amenities like swimming pools, access to medical professionals and even hospice services at a fraction of the cost, it is little wonder that baby boomers are looking to the region as a long-term option for themselves and their aging parents.

With close proximity to the United States, a familiarity with the culture, plus fresh food and quality medical care, the potential that Mexico has for seniors is undeniable.

Costa Rica

Costa Rica was the first Central American country to initiate programs geared towards attracting retirees. Once qualified as a “pensionado,” retirees can sign up for the country’s social security program, which includes full coverage for things like hospitalization and prescriptions.

As the Central and Pacific zones of Costa Rica become more developed, the rising number of expats also will increase the demand for retirement centers that can provide a high quality of life at a more affordable rate. Seniors will be pleasantly surprised to discover that living “la Pura Vida” is more than just an unreachable dream.

Many visitors to the country ultimately decide to relocate there upon retirement. Whether your choice is an independent living center or a community where 24-hour onsite assistance is available, the cost is still far less than equivalent operations in the States.

the truth about assisted living in the tropics



Interest in Guatemala as a retirement option has grown dramatically recently. The area around Lake Atitlan has seen the development of modern assisted living communities where the lower price tag is not reflected in the high quality of the residences there.

The term “assisted living” has a somewhat different meaning in Guatemala. Instead of a dedicated community, assisted living means, literally, hiring someone, or a number of people, to clean, cook, and care for a person.

This cost for one full-time care provider may run as little as $150 to $300 per month. Even on a fixed income of $1200 per month, for example, this can allow a senior who needs assisted care to still enjoy life in a tropical paradise.


Panama is rapidly overtaking Costa Rica as the premier retirement destination in Central America. First world amenities, greatly improved infrastructure, and many discounts available for seniors have proven to be a magnet for older Americans looking to find a tropical retirement location.

While there are a number of options for retirees who are independent and looking for communities that cater to that population, the number of assisted living facilities is still quite small. However, with the continued influx of foreign investment, the potential for growth in this area is promising.

Is Tropical Assisted Living for You?

Discovering the truth about assisted living in the tropics opens the doors to infinite possibilities. Moving to paradise may just be the best way to make those golden years truly golden.

Up Next

Best Place to Live in the World: Power Rankings

The best place to live in the world? Our Power Rankings report will shed some light on how the Latin Tropics stack up against the competition. (Read It)

Central America's Best Real Estate Buy

Don't miss this up and commer. It has the tropical lifestyle, stunning beauty, and smokin appreciation potential. (Read It)

Start Using Your IRA to Invest Overseas

Disappointed in your IRAs past performance? Find out how you can invest in real estate to improve your returns and better your retirement prospects. (Read It)

7 Surprising Facts About Nosara's Past, Present, and Future

There are surprising facts about Nosara that highlight why it continues to be the top expat destination in Costa Rica. While the region has long been known as a surfers’ mecca, there is more to …

(Read It)

Why Mexico Scores Big for Expat Families

Mexico is great for expat families looking for a destination that combines a good work-life balance, along with close proximity to the U.S., and a chance to immerse themselves in a culture that is both …

(Read It)

Expat Income Tax: The 411 on Your 1040

If you're a new or potential expat, you probably have a lot of questions about the tax implications of your current living and income situation. You may also know that your predicament has been made …

(Read It)
leave the country Trump

How Many Trump Haters Are Really Leaving the U.S.?

I can't remember a time when the U.S. political scene was in such a state of turmoil. These days you can't talk politics on social media (or even with family over a holiday meal) without somebody …

(Read It)
Costa Rica phrases

Don't Move to Costa Rica Without Learning These 15 Phrases

If you're planning on becoming an expat in Costa Rica, it would probably be a good idea to learn a little bit of Spanish before you go. It isn't necessary to be fluent in the …

(Read It)
international real estate

The Real Reason Your Broker Isn't Recommending International Real Estate

The investment and securities industry can be a complicated thing for most people to understand. As a result, many depend on the services of a licensed broker or financial advisor to help them navigate the many …

(Read It)

Leave a Reply

Your email address will not be published. Required fields are marked *

Hot Real Estate Offer

Real Estate In The Area

Boca Chica
This parcel is located on Boca Chica Island in Panama and includes 2.5 acres. Boca Chica Island is a meticulously planned island that only a small number of peo...
For Sale
0 beds
0 bath
Land Size:3 acres
Boca Chica
Perfect for people looking for something different.This lot (lot 8) is located on Boca Chica Island in Panama, a meticulously planned island that only a sma...
For Sale
0 beds
0 bath
Land Size:1 acres
Boca Chica
Perfect for people looking for something different.This parcel (Parcel 11) is located on Boca Chica Island in Panama and it includes over 10 acres.Boca ...
For Sale
0 beds
0 bath
Land Size:10 acres
See All Listings In The Area
Free Tropical Toolkit
Free 200+ Page Report: Top 57 Places to Live & Invest
  • The only book in the world that ranks investment and lifestyle in one place.
  • Over 200 information packed pages with hundreds of beautiful photos.
  • Download the book instantly (for free!) with this limited time offer.
*We value your privacy. No spam. Period.