The Cost of Living in Panama for Expats
The Cost of Living in Panama for Expats The cost of living in Panama may not be the cheapest in Latin America, but when you consider all the positive factors that lure lots of expats there each year, it comes out high on the value scale. You’ve got good air connections, a dollar economy with low inflation, easy paths to residency, good retirement incentives, and year-round beaches to enjoy. There’s terrific health care at attractive prices, cheap booze , and low tariffs on imports. If you don’t like the heat, you can just go up to a higher altitude to find a more temperate climate. Kris and Joel Cunningham were living in Sarasota, Florida, the kind of place many northern Americans dream of retiring to. They had no idea how they were going to make it on their earnings, however, when retired. They were paying $1,200 per month on their mortgage and taxes. Selling it and renting wouldn’t help much. “The house next to us, similar to what we have now in Panama, was re...