Panama’s unique location provides the experience of a lifetime. It is gifted with having a wide range of rainforests, a desert, and breathtaking beaches on both coastlines, the Caribbean and the Pacific, all within driving distance of a cosmopolitan city.
“You’ll never run out of things to do here,” says Jessica Ramesch, International Living’s Panama editor. “What few people know is that this is also a cultural capital. Panama City is home to active, vibrant communities from all over the world, and every art form is celebrated here.”
Panama is close to the U.S., Miami is about three hours away by plane.
Panama is about the size of South Carolina and has mountains, beaches and cities within an easy striking distance—no matter where you go. Most people are attracted to the cosmopolitan capital, Panama City. An hour from Panama City is Coronado, where many Panamanians have beach homes. El Valle is a quiet enclave about a two-hour drive from Panama City known for its ocean beaches and small-town appeal. And then there’s Pedasí, on the tip of the Azuero Peninsula in the province of Los Santos on the Pacific Ocean.
In Panama City, a couple can live on a monthly budget of as little as $1,700. A single person could save about 20-30% off those numbers. Another advantage to Panama: zero income tax if you earn revenue in other countries.