More than 180,000 Americans relocated in 2025 due to remote work and rising costs. A ranking by William Russell identified Panama as the top destination for financial freedom, based on low taxes and affordable daily living. Panama scored 7.01 by combining tax levels, take-home salaries, flight costs, property prices, utilities, and estimated monthly costs for a single person. Average property prices in Panama are about $219 per square foot, with one-bedroom rent around $879 per month and utilities near $112 monthly. Average salary is about $862 per month, and lower housing and daily costs help stretch budgets. Bahrain ranked second with a 6.93 score, combining zero personal income tax with strong salaries, averaging about $2,256 take-home pay monthly, plus property prices around $203 per square foot and one-bedroom rent near $743.
"Remote work and rising costs drove more than 180,000 Americans to relocate in 2025, according to international insurance firm William Russell, which pegged Panama as the best country for those seeking financial freedom."
"Panama had a winning mix of low taxes and affordable daily living that landed it with a top score of 7.01 in the company's ranking, which looked at taxes, average take-home salaries, cheapest flights, average property prices, monthly utilities, average monthly salary and estimated costs for a single person, along with the cheapest one-way flights."
"Bahrain landed in second place with a score of 6.93, by combining zero personal income tax with strong salaries. This archipelago, situated in the Persian Gulf between Qatar and Saudi Arabia, is made up of 33 islands. Property prices average $203 per square foot, while a one-bedroom apartment rents for around $743 per month - one of the cheapest in the report's top 10."
"The real standout for Bahrain is the salaries. Average take-home pay in Bahrain is roughly $2,256 a month, which gives expats more spending power than many other tax-friendly destinations. Coming in third is Andorra, a landlock"
Read at New York Post
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