Cost Of living

Contrary to popular theories, Panama is not dirt cheap although it is considerably less than many first world countries including the U.S., Canada and Europe. If you are coming from one of these countries expect a substantial decrease in your normal cost of living including services, products and property. Because Panama is easy on the wallet and offers many important tax incentives for retirees, even the most frugal can live in relative luxury on little income.

With the huge migration of Americans and other foreigners attracted by the low cost of living and the multitude of tax incentives builders are starting to design homes and condos with these “rich foreigners” in mind. Retirees and expatriates can enjoy the amenities they’ve become accustomed to in their own country at a fraction of the cost.

Panama is home to tropical forests, beaches on two oceans and rugged mountains. Both small towns and large cities provide accommodations for those visitors seeking the vast landscape Panama provides. Activities from the most adventurous to the most sedate are available and anyone will find some type of activity that suits them in Panama..