Why Thailand is the New Top Destination for Panama Expats

When you consider a retirement or remote work destination, chances are that Panama is at the top of the list. It has been the gold standard for many years, thanks to its world-famous Pensionado program and dollarized economy. However, there is a new trend brewing. If you look at the expat communities online or talk to the digital nomad community in Panama City, you will see a new name that is increasingly being mentioned: Thailand.

Is this a passing fad, or is there something more to this trend? For many people who have been living in Central America for many years, the Land of Smiles is no longer just a holiday destination but a serious contender for a long-term move. Let’s examine what is behind the trend of so many expats from Panama moving to Southeast Asia.

The Cost of Living Gap

Panama continues to be relatively cheap compared to the US or Canada, but Thailand is a whole different ball game when it comes to value for money. In Panama City, a decent one-bedroom apartment in a good location will set you back around $1,200 a month. Compare that to a modern condo in Bangkok with a rooftop pool and gym, which will cost you around $700, and if you move further north to Chiang Mai, you can get an even better deal.

It’s not just the rent, though. It’s the everyday cost of living. In Thailand, you can have a world-class meal at a street food stall for $2 or a fancy three-course meal for a fraction of what you’d pay in Punta Pacifica. And for expats living on a fixed pension or a digital nomad lifestyle, this difference means they can afford a whole lot more of the good life without touching their savings.

A New Era of Visas

For a long time, the easiest residency to obtain was in Panama. But Thailand has raised the bar. The new Destination Thailand Visa (DTV) has been a game-changer for the remote work community. It provides a five-year visa with multiple entries, tailored specifically for remote workers and those who are interested in Thai soft power, such as Muay Thai or culinary arts.

When making a move of this magnitude, people will often turn to international travel guides to help them through the process of understanding the ins and outs of regional travel. Having resources at your disposal makes the process much easier, particularly if you are trying to determine the best way to get from the busy streets of Bangkok to the peaceful islands of the south.

World-Class Healthcare without the Wait

One of the big draws to Panama is the healthcare system, which is often affiliated with elite US hospitals. But Thailand has established itself as a medical tourism leader around the globe. Facilities such as Bumrungrad or Bangkok Hospital are more akin to luxury hotels than hospitals.

For expats, the draw is in the price and efficiency. You can see a specialist the same day you arrive, without an appointment. While Panama is increasing its healthcare budget, many find that Thailand provides a smoother experience for procedures and check-ups at a price that is difficult to match.

Infrastructure and Modern Conveniences

Have you ever experienced the mañana mentality? While the relaxed lifestyle in Panama is lovely, it can be infuriating if you require fast internet access or efficient public transportation. The infrastructure in Thailand, especially in the larger cities, is simply amazing. Here’s what you can expect: 

• Public Transportation: The BTS Skytrain and MRT systems in Bangkok are clean, efficient, and very affordable, making a car unnecessary.
• Internet Access: Thailand is one of the world leaders in fixed internet speeds, which is a non-negotiable requirement for anyone working online.
• Safety: While Panama is a safe country, the low incidence of violent crime in Thailand makes expats feel much safer walking home late at night or wandering through unfamiliar neighborhoods.

The Cultural Sanuk Factor

There is a Thai philosophy called Sanuk, which basically means that life is supposed to be fun. This is an attitude that is reflected in every aspect of life. While Panama has a beautiful Latin culture and an excellent social life, Thailand offers a completely different experience. Whether it is the night markets or the temples in the mountains, there is a feeling of exploration that keeps the honeymoon period of living abroad alive for a much longer period of time.

Is it a difficult move? When it comes to moving from Panama to Thailand, there is a long flight and a big time difference. However, for people who are looking to start fresh in 2026, the cost seems to be well worth it.

Final Thoughts

The change we are witnessing is not about Panama losing its spark; it’s about Thailand becoming more accessible. With more flexible visa requirements and a cost of living that enables a luxury lifestyle on a modest budget, it is easy to see why Panama’s expat community is looking toward the East. Whether it is the cuisine, the healthcare, or the simple pleasure of a different pace of life, Thailand has earned its place as the new number one destination.