Panama is an expat paradise for many reasons. It is not only a top destination for expats from the United States. Expats from Canada and countries all over Europe have flocked to Panama over the past several years. Its tropical weather, warm beaches, and lush jungles attract retirees who want to maintain active lifestyles. Panama City is Central America’s economic and commercial hub, attracting entrepreneurs and corporate employees looking for dynamic lifestyles. The country also has modern infrastructure. It’s a wired country with excellent connectivity, making it an attractive stop for digital nomads. With all these reasons for expats to come, you’ll find many excellent expat communities in Panama.
Why is Panama so attractive?
Panama has diverse landscapes and urban settings. It is a tropical country outside the hurricane zone, so weather is never a problem. Unlike many of its neighbors, Panama has political stability, which has resulted in economic stability. The Panama Canal injects steady economic prosperity into the economy. Panama uses the US dollar, so American expats don’t need to worry about exchange rates. Additionally, the dollar goes much farther in Panama than in the US, making for an inexpensive cost of living.
The question shouldn’t be, why Panama? More appropriately, it should be, why not Panama?
What are the top expat communities in Panama?
Depending on what you’re looking for, Panama has an expat community for you. Panama City is the most modern city in Central America. It’s perfect for people who love modern urban aesthetics. The diverse beach communities offer options on the Caribbean Sea and the Pacific Ocean. If you love surfing, sailing, or sunbathing, Panama’s beaches take a backseat to no one. Panama also has mountainous regions with lush rainforests. If you love outdoor activities like hiking, rafting, and ziplining, Panama is the place for you.
Here are some of the most popular expat communities in Panama.
Panama City
The capital of Panama offers a sophisticated urban lifestyle matching anything you’ll find in Miami or Los Angeles. Within the city, there are neighborhoods that provide different benefits that match various needs. Casco Viejo is a charming old section of the city offering cultural spots along with various restaurants, shops, and nightlife. Costa del Este offers upscale living, high-end schools, and proximity to Panama City’s business district. Avenida Balboa has direct ocean access and is a popular area for recreation.
Boquete
Boquete is a popular destination for retiree expats. It possibly has the highest number of expats per capita. Boquete is popular for its “eternal spring” climate, high up in the mountains and surrounded by lush rainforests. The high elevation keeps it relatively cool. It also has a low cost of living and affordable healthcare, making it particularly attractive to retirees. Additionally, local activities like birdwatching and hiking are fantastic for active retirees.
Coronado
This beach community on the Pacific coast is particularly popular with expats looking for a laidback beach lifestyle. It offers urban convenience, and the high expat population attracts many English speakers.
Bocas del Toro
On the Caribbean side, near the border with Costa Rica, is Bocas del Toro, an archipelago with an artistic vibe. It is an excellent spot for snorkeling, sailing, and chilling on the beach. There is a large expat population here, and many expats own businesses.
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