Will I save money living in Panama?
We asked expats if they save money living in Panama. They said...
"Food is fresh and fantastic and very inexpensive. Once I spent $9 on vegetables and they weighed about 10kg--over 20 pounds! My social security is $900 per month, and after two years, I'm still alive and rarely starve," remarked another expat who made the move to Las Tablas, Panama.
"We paid cash so no mortgage which is great. The prices, as mentioned above, have risen. The medical, however, is great. I spent 4 nights in a private room with round the clock care and paid $1,800 for everything," explained one expat living in Taboga Island, Panama.
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Will I save money living in Panama?
If you live in Panama, newcomers to Panama would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.