Casco Viejo in Panama City

Moving to Panama

By Joshua Wood, LPC

Last updated on May 06, 2025

Summary:

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What do I need to know before moving to Panama?

When we asked people what advice they would give someone preparing to move to Panama, they said:

"Expatriates should be aware of Panama's tropical climate and the potential challenges associated with extreme temperatures and humidity. Additionally, expats should be aware that English is not the primary language in Panama and that proficiency in Spanish is essential for daily interactions. Furthermore, a basic knowledge of Panamanian culture, customs, and their legal system is important in order to make the transition to living in Panama as smooth as possible. Additionally, expats should look into the availability and quality of healthcare services, housing, and education options that are available in the area where they plan to live. Finally, expats should research visa requirements and be aware of the cost of living in Panama," remarked one expat who made the move to Panama.

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How do I find a place to live in Panama?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Panama offers different areas to consider from the bustling city of Panama City to highlands of Boquete or Altos del Maria to the tranquil beaches of Coronado and Venao. Factors to consider when choosing a place to live include proximity to schools, hospitals, shopping, and entertainment, safety, and accessibility," wrote Business Panama from Business Panama Group.

The Business Panama Group (“BusinessPanama”) is a well-established group of companies, professionals and alliance partners promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business, legal and investment services to individual and corporate investors.

Click connect to have our partner, Business, contact you via e-mail and/or phone.

The Business Panama Group (“BusinessPanama”) is a well-established group of companies, professionals and alliance partners promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business, legal and investment services to individual and corporate investors.

Click connect to have our partner, Business, contact you via e-mail and/or phone.

"We lived in Panama City for a short time while we were waiting for our goods to arrive. The heat is almost unbearable. We had visited Boquete on previous visits and decided that its mild weather is a good choice. Never too hot or too cold. We purchase a dehumidifier for the rainy season, but you don't need an air conditioner or space heater. A lighted ceiling fan is all you need," said one expat who made the move to Alto Boquete.

"Most good rentals are found through people you know. Ours was never advertised, only word of mouth. Good rentals are difficult to find," explained one expat living in Boquete, Panama.

"We wanted to live in a safe local neighborhood near the ocean. I listened to my friends who were already here and looked in those areas," said one in Bocas del Toro.

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Kovalenko & Vera Attorneys at Law in Panama

Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.

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Click connect to have our partner contact you via e-mail and/or phone.

Kovalenko & Vera Attorneys at Law in Panama

Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

What is a typical expat home or apartment like in Panama?

"We live in a spacious one bedroom apartment across from the ocean for $400 a month. There are people who live in smaller cheaper places more inland and folks who live out on the water in larger homes for more money. Typical is what fits you," explained one expat living in Bocas del Toro, Panama.

"In a highrise, and that was after living in a home, on the ground, in California. Never dreamed I'd be going vertical again. But it has safety advantages, especially in a building that has a good, stable reputation," said one expat in Panama City.

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What is the average cost of housing in Panama?

If you are thinking about moving to Panama, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Panama tends to vary depending on the location and type of property. Generally speaking, prices for apartments or condos range from moderate to expensive, with smaller units costing significantly less than luxury homes. On average, rental fees in urban locations can start as low as $500 while more upscale dwellings can range up to over $2,000 per month," remarked one expat in Panama.

"Monthly rental is $905.00 per month cheaper. Housing here is between $600 $700 for two bedrooms. There are real estate people here who will find a house or apartment for you. Be prepared, every local has his hand out. Everyone from the cab drivers to our exterminator will offer to find a house for you. They have contacts and get commissions. But make no mistake, the Panamanians are all good-hearted and mean well. Sometimes strike gold," said one expat in Alto Boquete.

"Average home would probably go for 150K to 250K, depending on location and how modern it is. Depends on what you are looking for. Take the time to do your research with various real estate companies. You can pay beaucoup the bucks for waterfront mansions," remarked one expat who made the move to Coronado.

"About rents that is one big advantage of Panama. Rents have sky-rocketed in the USA but they are still reasonable here. You do need to do some looking. I would recommend staying in an airbnb place for a couple of weeks in the area that you like so you can take your time looking for a place to rent, If you are going to rent long term it is probably cheaper to buy your own furniture and rent an unfurnished place," explained one expat living in Panama.

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Should I buy or rent a home in Panama?

If you have not spent a lot of time in Panama, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"When considering whether to buy or rent a home in Panama, it is important to consider a few factors such as budget, timeline, and lifestyle. Purchasing a home of your own can be a great investment and can provide much stability if you are planning on settling in Panama for a long period of time. However, if you are looking for short-term housing or don't have the budget for a purchase, renting can be a more cost-effective and flexible option. Ultimately, what is best for you will depend on your situation and goals," commented one expat who made the move to Panama.

"We bought our home and turned half of it into a vacation rental (Tres Terrazas). We used an attorney for this as we were conducting the purchase from the states with emails, faxes, federal express and bank deposits. Not really that difficult but we had a great attorney," remarked one expat in Taboga Island, Panama.

"I rented a house. At first I made the mistake of letting a local person insert himself between the owner of the house and me. Money got diverted. Now I'm looking to rent a bedroom only, trying for 80 to 100 dollars per month. Shouldn't be difficult. But mind you, I don't mind living in abject poverty," said one expat in Las Tablas.

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What should I pack when moving to Panama?

We asked people living in Panama to list three things they wish they had brought and three they wish they had left behind. They responded:

"If moving to Panama, it is recommended to pack (weather-appropriate) clothes for hot and humid weather. It might be helpful to also bring items like rainwear, hats, and sunscreen for the hot, tropical climate. It is also wise to bring comfortable shoes suitable for adventure and exploring. Additionally, basic supplies such as toiletries, medications, and a reliable flashlight are highly recommended, especially if living in a rural area. If bringing electronics, ensure they are compatible with the electrical outlets in Panama, which use the type A and B plugs. Having photos of family, friends, and home could also be beneficial during the transition," said one expat who made the move to Panama.

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Business Panama GroupBusiness Panama Group
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The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.

Click connect to have our partner contact you via e-mail and/or phone.

Business Panama GroupBusiness Panama Group

The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.
Connect

Click connect to have our partner contact you via e-mail and/or phone.

What cultural faux pas should I try to avoid making in Panama?

We asked people in Panama if they could share any humorous cultural blunders they commited. For new expats, keep in mind that these incidents are an inevitable part of expat life. Learning to laugh about them is the key!:

"Not officially asking my girlfriend out was one. Apparently you have to do it formally one night. Went 6 weeks with a girl, didn't ask her out formally (because you would assume that's it) but you have to ask here to officially make you exclusive boyfriend and girlfriend! who knew..," said one expat who made the move to Panama City.

"In Panama, it is important to be respectful in all interactions. Pronouncing Spanish words incorrectly or using slang can be considered offensive or inappropriate. It is also important to be aware of local dress codes, as wearing revealing clothing in religious or traditionally conservative settings can be seen as inappropriate. Additionally, it is important to respect Panama’s indigenous cultures and be sensitive to any cultural differences that may exist. Showing deference and respect to authority figures is also key. Finally, do not be disrespectful to Panamanian flags, emblem, and customs, as this can be considered a serious offense," explained one expat living in Panama.

"Giving our housekeeper and gardener a raise caused quite a stir amongst the neighbors. Inviting the "help" into the house and sharing the mid day meal was also considered a no-no. Having never had any sort of hired help, I didn't know the general practice of either not feeding or giving a sandwich to them to be eaten outdoors or in the garage. For the record, I still have lunch with them, cook some of their favorite American dishes and really enjoy their company. They help me with my "Spanglish" and I help them with their English," said one in Altos del Maria.

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Why do people move to Panama?

When we asked people why foreigners move to Panama, they responded:

"I am living in Nueva Gorgona for multiple reasons. I looked at Coronado first but I like the small town and local cultural feel that in Nueva Gorgona gives you. I believe prices are less than the weather going to be in the Coronado. I’m renting a two bedroom one bath apartment for $800 a month very close to the beach with an ocean view walking distance to numerous restaurants and small markets. I really enjoy getting to know the locals very friendly and gracious people here," commented one expat who moved to Nueva Gorgona.

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Business Panama GroupBusiness Panama Group
Connect

The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.

Click connect to have our partner contact you via e-mail and/or phone.

Business Panama GroupBusiness Panama Group

The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.
Connect

Click connect to have our partner contact you via e-mail and/or phone.

How are healthcare services Panama?

When we asked expats and global nomads about the quality of medical care in Panama, they replied:

"Being from the U.S. it's hard to say medical care is better, but the difference is it's 1/10th the cost to get the same type of medical care. Don't be afraid that you're going to get 3rd world medical care in a foreign country. Also, just as in the U.S., don't be afraid to ask questions or to give your opinion of what you think needs to be your course of treatment," wrote one expat living in La Chorrera.

" We have found the quality to be better than what was available was in Oklahoma, the price is definitely less, the doctors spend a lot more time with you and actually care. ," commented one expat who moved to Panama.

"Healthcare services in Panama are generally of a high quality, with both public and private options available. The public healthcare system is funded by the government and is free for all Panamanian citizens. It is also available to foreign residents, although they may have to pay a fee. The public healthcare system is generally of a good quality, with a wide range of services available. Expats in Panama can use the public healthcare system, although they may have to pay a fee. Private healthcare is also available in Panama, and is generally of a higher quality than the public system. Private healthcare is more expensive than the public system, but it is often preferred by expats due to the higher quality of care," said one expat.

"See Dr. Levy, even if you have no insurance his office visits are only $15 and he is a very nice Dr who will send you to the appropriate specialists. Also there are a number of alternative doctor's locally who are not expensive either and are very effective if you are into that type of medicine. I have not renewed any medications since I arrived so I do not know about prescription drugs yet. But in terms of just seeing someone because you are not feeling well, Dr. Levy seems to be the place to go. And his fee is such it does not even make sense to claim insurance for the visit," said one expat living in Coronado, Panama.

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What are medical services in Panama like?

When we asked expats and global nomads about the quality of medical care in Panama, they replied:

"The Clinic in Horconsitos is open only part time. Additional Clinic is available M-F in San Lorenzo. Otherwise a trip to Davis is required, 1:15 minutes away from home," offered one expat living in Boca Chica.

"Panama has a well-developed healthcare system, with both public and private hospitals and clinics providing a wide range of medical services. The country has a number of highly-trained doctors and specialists, and many of the larger hospitals offer advanced medical treatments and procedures. In addition, Panama has a number of medical tourism options, with many people travelling to the country for medical treatments and procedures that may not be available in their home countries. The cost of medical services in Panama is generally lower than in other countries, making it an attractive option for those seeking medical care," wrote one expat living in Panama.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Business Panama Group
Business Panama Group

Business Panama Group, with 20 years of experience, plays a pivotal role in promoting and facilitating investments, real estate, and tourism ventures in Panama.
Learn More

Business Panama GroupBusiness Panama Group

Business Panama Group, with 20 years of experience, plays a pivotal role in promoting and facilitating investments, real estate, and tourism ventures in Panama.
Learn More

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