Panama has become a place of retirement for many American and European expats. There is a reason why expatriates in Panama are growing in number and it is because a comfortable life at low living costs awaits them. Almost everyone dreams of having a nice home in a beautiful setting, and Panama certainly responds to that dream. Along with a cheap way of life, a good life in Panama is easier to achieve and then maintain as one ages in the comfort of friends and family.
Panama expats are commonly Americans and Europeans who have retirement funds to spend. Some are richer than others and can afford to buy houses while others cannot. However, all of these people just want to enjoy the good life and experience a pleasant existence that is not so hard to come by. In Panama, medical care, food, clothing, and recreation are inexpensive; therefore, it enables retirees to stretch their retirement funds to the maximum. These people can buy the things they want as the cost of living is very low.
A lot of scenic destinations are reserved for tourists and expats in Panama. There is a well-preserved rainforest, a dormant volcano to see, trails to walk, beaches to tan, historic districts to explore, and the iconic Panama Canal to see. In Panama you can do activities such as hiking, swimming, surfing, horseback riding, zip lining and many more.
If you are thinking about food and beverages, Panama has the juiciest fruits that are very affordable. 100 pieces of oranges can be purchased for just $ 4 so you can eat this delicious fruit every day. Boquete Panama is also known for its excellent tasting coffee. A local cuisine like Sancocho is a favorite with expats, as well as dishes like Yuca Frita, Pescado, Patacones, and Carimanola. A couple in Panama can have lunch at a restaurant for just $ 8, drinks included.
Another reason expats in Panama are growing in number is because of cheap but high-end medical care. Panama City has state-of-the-art hospitals that compare favorably with those in the US and Canada. The best thing about these hospitals is that the services are really low priced. The doctor visit will only cost you $ 10, which is much cheaper than what you will likely spend in the US Prescription drugs and medical procedures are also inexpensive; hence, making Panama a popular destination for medical tourists.
Expats in Panama are commonly found in Panama City, Coronado, Bocas del Toro, and Boquete. The latter has a large expat community as Boquete has a much cooler climate compared to other towns and cities in Panama. Boquete is a well developed mountainous mountain; therefore, the climate in this city is much cooler, much to the delight of the expat community who live there.
Panama is positively accelerating and this is evidenced by the various infrastructure and development projects currently lined up. The Panama Canal is scheduled for expansion, as well as new highways, 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 making its way to a brighter future that will be enjoyed not only by its citizens but also by tourists and expatriates who have made the country their second home.