"Panama, a long-time expat favorite, eclipsed last year’s winner, Ecuador. The difference in being No. 1 or No. 2 is small, but International Living’s Executive Editor, Jan Stevens, said that “prices have been on the rise in Ecuador.”
Also, she added, “we have to give extra weight to the incredibly attractive visa and residence situation Panama offers. The nation wants foreign retirees and they’re actively offering incentives for folks to come.” It’s a three-hour flight from Miami.
Chuck Bolotin, vice president of business development at BestPlacesInTheWorldToRetire.Com, tells me that Panama’s economy has been growing in the 8% range and the country has a stable, mature democracy, which only adds to expats’ happiness and optimism. And his site’s free report, Is It Cheaper to Live Abroad?, found that about 20% of expat retirees in Panama said their cost of living is less than half what they had before relocating there."
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