🇵🇦 Buy Property in Colon, Panama
3 properties from $160K to $1050K
Median Price
$500K
Avg Size
300152 m²
Most Common
house
Listings
3
3 Listings in Colon
Living in Colon
What American expats need to know about Panama
Visa
Friendly Nations Visa — available to US citizens with professional/economic ties to Panama. Requires employment, $200,000 real estate investment, or $200,000 bank deposit. Grants 2-year provisional residency, then permanent. Pensionado Visa — for retirees with $1,000+/mo pension, extensive senior discounts on flights, restaurants, and utilities.
Cost of Living
40-60% less than US major cities. Panama City runs $1,500-2,500/mo; countryside is much cheaper. The US dollar is legal tender (the Balboa is pegged 1:1).
Key Fact
Panama uses the US dollar, has no income tax on foreign-earned income, and offers a Pensionado program with extensive senior discounts (flights, restaurants, utilities). It is the most tax-friendly destination on this list for US expats.
Life in Panama
Morning coffee overlooking the Pacific, an afternoon thunderstorm that resets the heat, and the strange comfort of paying for everything in dollars while howler monkeys scream from the trees.
Other Cities in Panama
Explore more property markets across Panama