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Punta Paitilla Neighborhood in Panama City
Punta Paitilla Neighborhood in Panama City
Punta Paitilla Neighborhood in Panama City

Cost of Living in Panama

By Joshua Wood, LPC

Last updated on Nov 27, 2021

Summary: What is the cost of living in Panama? Hear what expats, digital nomads and retirees living in Panama have to say about the cost of housing, health insurance and general living costs.

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Is the cost of living in Panama high?

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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.

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Allianz Care International Health InsuranceInternational Health Insurance

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Panama GuidePanama Guide
Learn what members have to say about living in Panama.

Panama Forum Panama Forum
Talk with other digital nomads and expats in Panama on our Panama forum - meet people, get advice and help others.

Panama Index Panama Index
An index of all of our site's Panama information.

Contribute to Panama Network Contribute
Help others in Panama by answering questions about the challenges and adventures of living in Panama.

Expat Healthcare Advice in PanamaHealthcare & Health Insurance in Panama

Expats in Panama offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Panama.

Expat Talk about Healthcare Advice in PanamaMembers Talk about Healthcare & Health Insurance in Panama

Expats in Panama offer advice about healthcare in Panama.

Best Places to Live in Panama Best Places to Live in Panama

Panama is a great place to live or retire with easy residency laws, warm people and lots of expats. Whether you want to live by the beach in Bocas del Toro or need to live in Panama City for work and schools, there are many places to explore.

Real Estate in PanamaReal Estate in Panama

Real estate listings in popular cities and towns in Panama.

Guide to Real Estate in PanamaGuide to Real Estate in Panama

Advice for people renting and buying real estate in Panama.

Pros Cons of Living in PanamaPros & Cons of Living in Panama

Take off your rose-colored glasses and learn what digital nomads & expats have to say about the biggest challenges and the greatest rewards of living in Panama.

Cost of Living in PanamaCost of Living in Panama

Expats in Panama enjoy a relatively low cost of living. However, it's important to do your research to make sure you'll actually enjoy those saving while creating a high quality of life as an expat in Panama.

Living-in-Panama-GuideLiving in Panama Guide

Our Guide to Living in Panama is a perfect primer for readers interested in Panama. Covers healthcare, cost of living, best places to live, residency, visas, real estate, moving tips and the pros and cons of living in Panama.

10-Tips-for-Living-in-Panama10 Tips for Living in Panama

Expats, global nomads and retirees are drawn to Panama's ease of residency, low taxes (Panama does not tax on worldwide income), friendly Panamanians who always put family first, inexpensive healthcare and laid back lifestyle. Like any country, life in Panama does come with a few challenges. This articles covers all of these topics and more.

Panama-Visas--ResidencyPanama Visas & Residency

This article covers the ins and outs of the most common tourist and residency visas that expats.and global nomads obtain when moving to and living in Panama. How long you can stay in Panama without a visa (or on a tourist visa depending upon your citizenship)? What are the advantages of becoming a legal resident of Panama? Would I qualify for the Friendly Nations Visa? How old do I have to be to qualify for the Pensionado Visa? How do I apply for a work permit in Panama? It also addresses how and why some expats.choose to become citizens of Panama.

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Panama's Pensionado Visa offers retirees with a retirement income of at least $1,000 an easy way to become legal residents of Panama and includes many perks.

Punta Paitilla Neighborhood in Panama City

Allianz Care International Health InsuranceInternational Health Insurance

Get a quote for health insurance from our partner, Allianz Care.
Get a Quote

Allianz Care International Health InsuranceInternational Health Insurance

Get a quote for health insurance from our partner, Allianz Care.
Get a Quote

Panama GuidePanama Guide
Learn what members have to say about living in Panama.

Panama Forum Panama Forum
Talk with other digital nomads and expats in Panama on our Panama forum - meet people, get advice and help others.

Panama Index Panama Index
An index of all of our site's Panama information.

Contribute to Panama Network Contribute
Help others in Panama by answering questions about the challenges and adventures of living in Panama.

Expat Healthcare Advice in PanamaHealthcare & Health Insurance in Panama

Expats in Panama offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Panama.

Expat Talk about Healthcare Advice in PanamaMembers Talk about Healthcare & Health Insurance in Panama

Expats in Panama offer advice about healthcare in Panama.

Best Places to Live in Panama Best Places to Live in Panama

Panama is a great place to live or retire with easy residency laws, warm people and lots of expats. Whether you want to live by the beach in Bocas del Toro or need to live in Panama City for work and schools, there are many places to explore.

Real Estate in PanamaReal Estate in Panama

Real estate listings in popular cities and towns in Panama.

Guide to Real Estate in PanamaGuide to Real Estate in Panama

Advice for people renting and buying real estate in Panama.

Pros Cons of Living in PanamaPros & Cons of Living in Panama

Take off your rose-colored glasses and learn what digital nomads & expats have to say about the biggest challenges and the greatest rewards of living in Panama.

Cost of Living in PanamaCost of Living in Panama

Expats in Panama enjoy a relatively low cost of living. However, it's important to do your research to make sure you'll actually enjoy those saving while creating a high quality of life as an expat in Panama.

Panamas-Pensionado-VisaPanama's Pensionado Visa

Panama's Pensionado Visa offers retirees with a retirement income of at least $1,000 an easy way to become legal residents of Panama and includes many perks.

Panamas-Pensionado-DiscountsPanama's Pensionado Discounts

Panama's pensionado discounts are available to legal residents (55+ for women, 60+ for men). These generous discounts include 25% off airline tickets, 25% at restaurants, 50% off at hotels during the week, exemption on import tax for up to $10,000 household goods and much more.

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Panama's Friendly Nations Visa was introduced in 2012 and enables immigrants from 50 nationalities to easily obtain residency and a work permit.

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How to open a bank account in Panama from the expat perspective: covers what documents you'll need to open a bank account, key criteria when choosing a bank, opening a bank account before you obtain residency and more.

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