"The study measured a total of 10,085 expats, representing 172 nationalities living in 46 destinations across five categories: working abroad, personal finance, quality of life, expat essentials, and ease of settling in. And Panama placed in the top three for every single category. In fact, a staggering 94% of expats there report being happy with their life abroad. On top of that, the overall cost of living in Panama for a single person is 36.3% lower than in the U.S."
"With an income of about $800 to $1,500 per month, you could live comfortably in small towns, villages and farming communities, according to reports from Citizens Global Solutions. If you go closer towards the capital, Panama City, it gets more pricey-expats are recommended to have at least $2,500. Still, in comparison to major U.S. hubs like New York or Los Angeles, it's a lot cheaper."
Panama ranks at the top for expatriates, placing in the top three across all five measured categories: working abroad, personal finance, quality of life, expat essentials, and ease of settling in. A sample of 10,085 expats from 172 nationalities in 46 destinations provided the data. Ninety-four percent of expats in Panama report being happy with life abroad and the cost of living for a single person is 36.3% lower than in the U.S. Comfortable monthly incomes range from $800–$1,500 in small towns and about $2,500 in Panama City. Thirty-five percent of expats are retired and nearly 20% moved to retire. Travel is easy, public transport is affordable, and the natural environment and recreational options boost quality of life.
Read at Fortune
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