Moving to Panama
Last updated on Apr 26, 2024
Summary: Expats and digital nomads move to Panama for its low cost of living, warm climate, and friendly people. Additionally, Panama offers a variety of activities and attractions, making it an attractive destination for those looking to explore a new culture. People can find a place to live in Panama by searching online for rental properties, or by contacting a real estate agent. The most popular cities for expats and digital nomads in Panama are Panama City, Boquete, and Bocas del Toro. These cities offer a variety of amenities, activities, and attractions, making them ideal for those looking to experience the culture and lifestyle of Panama.
What do I need to know before moving to Panama?
When we asked people what advice they would give someone preparing to move to Panama, they said:
"Definitely rent. When you find a short-term rental you really like and you demonstrate to the owner that you can be trusted they will probably let you reserve it a year in advance. That’s what we do, but we are considering the possibility of looking for a yearly lease which might cost about the same as 4-6 months short term. It would have to be a place where the owner lives nearby and can keep an eye on things. The advantage would be that you can furnish it the way you want and keep your stuff there when you are away. As far as I can see that would be cheaper and more convenient than buying," said one expat who made the move to Panama.
"Travel as light as you can. Open yourself to the experience of daily life where you land. Don't choose a permanent base-of-operations until you have considered EVERYTHING that is important to you, and that you've been to other areas of Panama. It's a small country with amazing diversity. Give yourself the opportunity to experience the banquet!!!," explained one expat living in Panama City, Panama.
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About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.
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