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Why Expats in Panama Are Growing in Number

download (42)Panama has become a retirement spot for many American and European expats. There’s a reason why expats in Panama are growing in number and that is because a comfortable life awaits at low costs of living. Almost everyone dreams of having a nice house in a beautiful environment, and Panama most certainly answers that dream. Coupled with a cheap way of living, a good life in Panama is easier to achieve and then maintain as one grows old in the comforts of friends and family.

Panama expats are commonly Americans and Europeans who have retirement funds to spend. Some are more affluent than the others, and can afford to buy houses while others cannot. However all of these people just want to enjoy the good life and experience an enjoyable existence that isn’t so hard to get by. In Panama, healthcare, food, clothing and recreations are inexpensive; thus, allowing retirees to stretch their retirement funds to the fullest. These people are able to buy the things that they want as the cost of living is very low.

A lot of scenic destinations are in store for tourists and expats in Panama. There’s a tropical rainforest that’s well-preserved, a dormant volcano to see, hiking trails to trek, beaches to get a nice tan, historic districts to explore, and the iconic Panama Canal to view. Activities such as hiking, swimming, surfing, horseback riding, zip lining and many more can be done in Panama.

If you’re thinking about food and beverage, Panama has the juiciest fruits that are very affordable. 100 pieces of oranges can be purchased for only $4 so you can eat this delicious fruit every day. Boquete Panama is also known for its fine tasting coffee. A local cuisine such as Sancocho is an expat favorite as well as dishes like Yuca Frita, Pescado, Patacones and Carimanola. A couple in Panama can have lunch at a restaurant for only $8 including drinks.

Another reason why expats in Panama are growing in number is because of cheap yet high standard healthcare. Panama City has state of the art hospitals that favorably compare to those in the US and Canada. What’s so much better about these hospitals is that the services are really priced low. Doctor’s consultation will only cost you $10 which is far cheaper than what you will probably spend in the US. Prescription drugs and medical procedures are likewise priced inexpensively; thus, making Panama a popular destination of medical tourists.

Expats in Panama are commonly found in Panama City, Coronado, Bocas del Toro and Boquete. The latter has a large expat community since Boquete has a much cooler climate compared to other Panama towns and cities. Boquete is a well-developed mountain highland; thus, the weather in this town is so much cooler, much to the delight of the expat community living there.

Panama is accelerating positively and this is evidenced by the various infrastructure and development projects presently lined up. The Panama Canal is scheduled for expansion as well as new roads, new international airports, mining projects and many more. Expats choose to live in Panama because it is on the right track in terms of growth. Panama is working its way towards a brighter future that will be enjoyed not only by its citizens but also by the tourists and expats who have made the country their second home.