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Escape from the US and get more bang for your buck in the 10 best tax havens on the planet

Nypost · · 465 words · By Jeanne Erickson
Cost of Living Tax Havens Expatriation
open_in_new Read the original article: https://nypost.com/2026/05/23/us-news/escape-from-the-us-to-10-of-the-best-tax-h…

psychologyDetected Techniques

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Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.
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Glittering Generalities 70% confidence
Using vague, emotionally appealing phrases ('freedom', 'justice') without specifics.

fact_checkFact-Check Results

21 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 11
info Single Source 4
check_circle Corroborated 4
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help Insufficient Evidence 1
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“Remote work and rising costs drove more than 180,000 Americans to relocate in 2025, according to international insurance firm William Russell”
SINGLE SOURCE
The provided web search results discuss remote work burnout and general remote work trends, but none of the sources mention the specific figure of 180,000 Americans relocating in 2025 or a report by William Russell regarding this specific statistic.
travel_explore
web search NEUTRAL — Too much screen time, too many video calls and too few boundaries make working from home hard for all of us.
https://www.youtube.com/watch?v=PZr142ka96k
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web search NEUTRAL — Is remote work only for the rich? Double standard ignites workplace tension. More remote workers are being called back to the office in the private sector and the federal government. But the new rules…
https://www.usatoday.com/story/money/2025/06/29/work-from-ho…
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web search NEUTRAL — Discover fully remote jobs worldwide for digital nomads and remote workers. Find full-time, part-time, and contract roles that let you work from anywhere.
https://www.workingnomads.com/
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“William Russell... pegged Panama as the best country for those seeking financial freedom.”
CORROBORATED
Multiple independent web search results confirm that William Russell pegged Panama as the best country for those seeking financial freedom.
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web search NEUTRAL — 3 hours ago ... ... William Russell, which pegged Panama as the best country for those seeking financial freedom. Panama had a winning mix of low taxes and ...
https://www.aol.com/news/escape-us-more-bang-buck-132921508.…
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web search NEUTRAL — 10 hours ago ... ... William Russell, which pegged Panama as the best country for those seeking financial freedom. Panama had a winning mix of low taxes and ...
https://nypost.com/2026/05/23/us-news/escape-from-the-us-to-…
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web search NEUTRAL — Apr 30, 2026 ... The ranking, published by William Russell, evaluated zero- and low-tax countries using factors such as monthly living expenses, rental and ...
https://www.instagram.com/p/DXwZ80TCNpx/
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“Panama had a winning mix of low taxes and affordable daily living that landed it with a top score of 7.01 in the company’s ranking”
CORROBORATED
Multiple sources, including the company's own ranking page and news reports, confirm Panama received a top score of 7.01.
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web search NEUTRAL — 10 hours ago ... Panama had a winning mix of low taxes and affordable daily living that landed it with a top score of 7.01 in the company's ranking, which ...
https://nypost.com/2026/05/23/us-news/escape-from-the-us-to-…
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web search NEUTRAL — Overall score: 7.01/10. Panama ranks first overall, offering one of the strongest balances between low taxation and manageable living costs.
https://www.william-russell.com/blog/tax-free-countries-chea…
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web search NEUTRAL — 3 hours ago ... Panama had a winning mix of low taxes and affordable daily living that landed it with a top score of 7.01 in the company's ranking, which ...
https://www.aol.com/news/escape-us-more-bang-buck-132921508.…
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“Property prices in Panama average around $219 per square foot”
SINGLE SOURCE
The search results for property prices in Panama returned results for Panama City, Florida, rather than the country of Panama. No evidence was found for the $219 per square foot figure in the country of Panama.
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web search NEUTRAL — ... , FL 32401. View on Map. Property type. Single Family. Year built. 1900. Last sold. $420K in 2026. Price per sqft. $184. Share View as owner. Property details.
https://www.realtor.com/realestateandhomes-detail/2200-W-9th…
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web search NEUTRAL — ... about real estate related matters, but not as a condition of purchase. ... 30,000-square-foot Fins Up! Fitness Center offers indoor lap pool and spa ...
https://www.truesouthcoastalhomes.com/pcb/latitude-margarita…
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web search NEUTRAL — Studios are approximately 500 square feet and include one bathroom. These ... Property Taxes. Range in Assessed Values. $70.6K - $213K. Range of Taxes in Building.
https://www.homes.com/building/top-of-the-gulf-condos-panama…
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“renting a one-bedroom apartment costs about $879 a month [in Panama]”
SINGLE SOURCE
The search results provided for rent are irrelevant (Norway, New York, Kentucky) and do not mention rental costs in Panama.
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web search NEUTRAL — Jan 15, 2023 ... Region actually matters a lot because prices for a small apartment vary greatly depending on, among other things, where the apartment is.
https://www.reddit.com/r/Norway/comments/10cok8n/whats_the_c…
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web search NEUTRAL — Information about vacation rentals in Midtown. Vacation rentals available, 1,389 rentals. Nightly prices starting at, $19. ⭐ Popular amenities, Internet, ...
https://www.hometogo.com/midtown/
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web search NEUTRAL — Royal Lexington, the premier off-campus student housing choice in Lexington, offers fully furnished student apartments near UK, and amenities for health, ...
https://www.americancampus.com/student-apartments/ky/lexingt…
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“Utilities stay fairly average too, averaging about $112 monthly [in Panama]”
SINGLE SOURCE
The search results provided for utilities are general definitions of the word 'average' and do not contain data on utility costs in Panama.
travel_explore
web search NEUTRAL — In mathematics, it most commonly refers to the arithmetic mean, but may also refer to other measures such as other types of mean, the median, or the mode. Representation of the arithmetic mean, median…
https://en.wikipedia.org/wiki/Average
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web search NEUTRAL — Free calculator to determine the average, or the arithmetic mean, of a given data set. It also returns the calculation steps, sum, count, and more.
https://www.calculator.net/average-calculator.html
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web search NEUTRAL — 4 days ago · The meaning of AVERAGE is a single value (such as a mean, mode, or median) that summarizes or represents the general significance of a set of unequal values. How to use average in a sente…
https://www.merriam-webster.com/dictionary/average
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“average salaries are lower than in some of the other countries to choose from, at around $862 a month [in Panama]”
DISPUTED
Different sources provide conflicting figures for average monthly salaries in Panama: one source suggests 2,120 PAB per month, while another suggests $828.86. The claim of $862 is not explicitly confirmed by these specific results.
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web search NEUTRAL — Discover Panama’s average salaries by experience, education, and occupation.According to Salary Explorer, the average basic salary in Panama is 25,400 PAB annually or 2,120 PAB per month. A Panamanian…
https://www.timedoctor.com/blog/average-salary-in-panama/
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web search NEUTRAL — Salary Calculator. Update Data for Your City.Panama. $828.86. 59.
https://www.numbeo.com/cost-of-living/country_price_rankings…
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web search NEUTRAL — Average Monthly Net Salary by country refers to the average amount of money an employee receives after taxes and other deductions are subtracted from their gross salary, within a specific country.
https://countrycassette.com/average-monthly-salary-by-countr…
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“Bahrain landed in second place with a score of 6.93”
CORROBORATED
Multiple sources confirm Bahrain ranked second in the William Russell index with a score of 6.93.
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web search NEUTRAL — 2/ Bahrain. Overall score: 6.93/10. Bahrain ranks second overall, combining zero personal income tax with comparatively strong earning potential. Property ...
https://www.william-russell.com/blog/tax-free-countries-chea…
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web search NEUTRAL — 4 days ago ... Among Gulf countries, Bahrain ranked third, reinforcing the region's overall attractiveness for expatriates seeking tax-efficient lifestyles ...
https://www.instagram.com/p/DYjjTVNjNbt/
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web search NEUTRAL — 7 days ago ... ... William Russell Tax-Free Relocation Index, Qatar ranked after: 1. Panama 2. Bahrain 3. Andorra 4. Mauritius The ranking ...
https://www.instagram.com/p/DYbt1-eiN6O/
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“Bahrain... combining zero personal income tax with strong salaries.”
CORROBORATED
While the specific 'evidence' section for claim 8 was empty, the evidence for claim 7 from William Russell explicitly states that Bahrain combines 'zero personal income tax with comparatively strong earning potential'.
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“This archipelago, situated in the Persian Gulf between Qatar and Saudi Arabia, is made up of 33 islands.”
INSUFFICIENT EVIDENCE
No evidence was provided in the search results to verify the geographical description or the number of islands in Bahrain.
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“Property prices average $203 per square foot [in Bahrain]”
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“a one-bedroom apartment rents for around $743 per month [in Bahrain]”
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“Utilities in Bahrain average $132 monthly”
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“estimated living costs for one person sit at about $820 per month [in Bahrain]”
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“Average take-home pay in Bahrain is roughly $2,256 a month”
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“Coming in third is Andorra, a landlocked country between France and Spain, with bargain basement taxes that got them a score of 6.67.”
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“Property prices average $501 per square foot [in Andorra]”
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“renting a one-bedroom apartment costs around $1,157 per month [in Andorra]”
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“The take-home salaries hit upwards of $3,017 per month [in Andorra]”
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“Rounding out the top five are Mauritius... and Qatar”
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“The remainder of the top 10 included Malta, Cyprus, Seychelles, United Arab Emirates and Ireland”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.