Pedasi, Panama

Pros and Cons of Living in Panama

By Joshua Wood, LPC

Last updated on Sep 27, 2025

Summary:

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What are the pros and cons of living in Panama?

Expats, digital nomads and retirees living in Panama responded:

"I love he town I live in. It's small but in close proximity to neighboring towns with many dining and shopping options. We are very happy with where we live. There is a good doctor in our neighboring town that speaks English and has specialists come into his office for easy access to people in our area. For more specialized medical procedures, Panama City has many private hospitals with excellent reputations and specialists in every field. We are about an hour from Panama City so access is not very difficult. I do have minor concerns about what would happen if I had a major medical emergency (heart attack, stroke) but I don't worry about it. Our philosophy is to deal with things as they arise. Maybe not the best approach, but our approach," remarked one expat in Nueva Gorgona.

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

What do expats in Panama appreciate most about the local culture?

"Expats appreciate the friendly and welcoming nature of the local people. They also enjoy the laid-back atmosphere and the slower pace of life. Pair that with the Pensionado program that offers residence and special benefits to pensioner expats from North America and beyond, and you have an ideal retirement destination," 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.

"The open, friendly folks, not only the native persons but also the many, many newly acquired friends of all nationalities who have chosen Panama for their new home," remarked one in Altos del Maria.

"The food. The appreciation for and enjoyment of everyday life and family. They are not as driven by the dollar as people in the USA. Their many celebrations and traditions and their enjoyment of them," explained one expat.

"Expats in Panama appreciate the country's tropical beauty, sunny skies, and warm climate year-round. They also find Panamanian culture to be friendly, welcoming, and laidback. Locals often offer a great deal of hospitality and are excited to share their culture with visitors. Expats enjoy exploring Panama's unique cultural and historical sites, shopping at local markets, trying the diverse cuisine, and engaging with the many colorful festivals and holidays celebrated in the country. Additionally, the cost of living in Panama is relatively low, making it an especially attractive destination for foreign visitors," said one person in Panama.

"Very friendly people here at restaurants, stores, banks, public offices......they will always help you and are very welcoming," remarked one expat in Panama City.

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Business 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.

Learn MoreConnect

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

Business 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.

Learn MoreConnect

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

What do expats find most challenging?

"Learning that now actually means later, that pinning down someone to a specific time is almost impossible. That this is a nation of many first generation drivers, that there is very little "do it yourself ability here". Maintenance is not something that most people see the point in doing. Fast service with a smile almost doesn't exist. Most stores have no idea what they have in inventory and the process of giving them money for goods is cumbersome and painful. Although labor costs are low, mandatory benefits are extensive, for example one month of paid vacation annually, an extra month of pay every year, 14 legal holidays, 25% contribution to social security with no cap. There is an absolute inability to give directions. Most people are patient to a fault," said one person in Santiago.

"The difference in attitude regarding such things as appointment times - even if you agree to meet at a specific day and time, if a Panamanian has a family event, another appointment or just decides not to come, they may show up an hour or two late or the next day. You need to be prepared to schedule and re-schedule without getting too frustrated," remarked one expat in Boquete.

"Culture....hhmmmm. Disinterested sales personnel who seem to resent being at their post. Bright colors are welcome and plentyful. Another challenge is the general physical size of the locals...as it relates to finding clothing that fits. If you are female and larger than a size 8, good luck finding undergarments. For my husband and his size 12 narrow foot, murder finding shoes," explained one expat living in Altos del Maria.

"Expats in Panama often find it challenging to integrate into the local culture, as language can be a barrier and cultural practices can be unfamiliar. Another hurdle is the perception of time, since deadlines and schedules are often viewed more loosely in Panama than they are in other countries. Additionally, social norms may take expats a while to adjust to, as the culture typically has a more relaxed attitude towards punctuality, deadlines and other formalities. Lastly, status differences in Panama, such as class and gender, may not be immediately obvious to expats and can be a challenge to navigate," said one expat in Panama.

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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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