The cost of living in Panama may not be the cheapest in Latin America, but when you consider all the positive factors that lure lots of expats there each year, it comes out high on the value scale. You’ve got good air connections, a dollar economy with low inflation, easy paths to residency, good retirement incentives, and year-round beaches to enjoy. There’s terrific health care at attractive prices, cheap booze, and low tariffs on imports. If you don’t like the heat, you can just go up to a higher altitude to find a more temperate climate. Kris and Joel Cunningham
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Source: Cheapest Destinations