Coronado, Panama, is a top choice for expats seeking beachfront living with modern conveniences. Located just over an hour from Panama City, this vibrant coastal town offers a mix of gated communities, resorts, and expat-friendly amenities. With a well-established expat population, reliable infrastructure, and easy access to essential services, Coronado provides an attractive blend of relaxation and convenience.
Whether you’re considering a permanent move or an extended stay, this guide covers everything you need to know, including expert insights, top accommodations, and must-do activities.
Pros and Cons of Living in Coronado, Panama
Pros:
✅ Beachfront Lifestyle – Enjoy stunning Pacific Ocean views and year-round warm weather.
✅ Close to Panama City – Just an hour’s drive to top hospitals, shopping centers, and international airports.
✅ Expat-Friendly Community – A strong expat presence means English-speaking services and social networks.
✅ Modern Amenities – Supermarkets, malls, golf courses, and private healthcare are all within easy reach.
✅ Reliable Infrastructure – Paved roads, stable utilities, and high-speed internet make daily life convenient.
✅ Tax Benefits for Expats – Panama offers attractive visa programs and tax incentives for retirees and investors.
Cons:
⚠️ Higher Cost of Living – Beachfront properties and imported goods can be pricey.
⚠️ Tourist Traffic – Weekends and holidays bring crowds from Panama City.
⚠️ Hot and Humid Climate – Unlike Panama’s highlands, Coronado is warm year-round.
⚠️ Limited Cultural Scene – Fewer museums, theaters, and historical sites compared to the capital.
How to Research Moving to Coronado, Panama
Before making a major move, it’s essential to visit Coronado for at least a few weeks to experience the lifestyle firsthand.
Where to Stay When Researching the Area
Choosing the right accommodation will help you get a true sense of daily life. Consider staying in different neighborhoods to explore the area.
🏨 Luxury Stay: Coronado Luxury Club & Suites – A resort-style accommodation with pools, golf, and beach access.
🏡 Mid-Range Comfort: Beachfront Apartment – A beachfront apartment with amazing resort-type amenities and views while you work and play.
🛏 Budget-Friendly: Budget Friendly Apartment – Refreshing and relaxing beach apartment.
🏘 Vacation Rentals: Punta Chame Club and Resort -a boutique hotel offering private homes in a peaceful, serene setting. Experience a tranquil environment with mountain views and home comforts .
Things to Do When Researching the Area
🔹 Explore Coronado Beach – Walk the black-and-white sand beaches and visit nearby coastal areas.
🔹 Test Local Healthcare Services – Visit hospitals and clinics to assess healthcare quality.
🔹 Visit Grocery Stores & Markets – Compare local and imported product prices.
🔹 Meet Other Expats – Join expat social groups, attend community events, and visit expat-owned businesses.
🔹 Check Internet & Utilities – While Coronado has reliable services, speeds may vary by location.
🔹 Try Different Transportation – Rent a car or use local taxis and buses to understand mobility options.
Top Activities in Coronado, Panama
🌊 Beach Relaxation – Enjoy Coronado’s scenic beaches or visit nearby Playa Serena and Playa Gorgona. Book a tour
⛳ Golfing – Play a round at the Coronado Golf Club, a top course in Panama.
🚤 Fishing & Boating – Take a deep-sea fishing trip or enjoy a private boat tour.
🍽 Dining & Nightlife – Sample fresh seafood at beachfront restaurants or enjoy live music at local bars.
🚶♂️ Day Trips – Explore El Valle de Antón, a charming mountain town just an hour away.
🛍 Shopping – Visit Coronado’s shopping plazas for everything from groceries to home goods.
Banking & Finances in Panama
Opening a Bank Account
Panama offers multiple banking options, including Banco General, Banistmo, and Multibank. Some banks allow expats to open accounts with just a passport, while others may require proof of residency or local references.
Managing Money Internationally
Many expats continue using their international bank accounts and withdraw cash from ATMs. Some of the best banking options for expats include Wise (formerly TransferWise), Charles Schwab, and Capital One which offer low international fees and ATM reimbursements.
Currency & Exchange Rates
Panama uses the U.S. dollar (USD) as its official currency, making financial transactions seamless for American expats.
Cost of Living in Coronado, Panama
💰 Rent: $800–$2,500/month (varies by location and amenities)
🛒 Groceries: $300–$700/month
⚡ Utilities (Electricity, Water, Internet): $100–$250/month
🚗 Transportation (Car Rental, Taxis, or Public Transit): $50–$250/month
🩺 Healthcare (Private Insurance or Out-of-Pocket Costs): $100–$400/month
Final Thoughts on Living in Coronado, Panama
Coronado offers an attractive lifestyle for expats, combining beautiful beaches, modern conveniences, and a welcoming community. However, it’s crucial to visit before committing to a permanent move. Spend time exploring the area, meeting locals, and testing day-to-day life to ensure it’s the right fit for you.
Start Your Journey Today!
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Disclaimer
This guide is for informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, information may change over time. Always consult with local experts, legal professionals, and financial advisors before making decisions related to moving to or living in Panama.