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Moving to Panama City, Panama | Expat Exchange
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Panama City, Panama

Moving to Panama City, Panama

By Joshua Wood, LPC

Last updated on Oct 11, 2023

Summary: Expats move to Panama City, Panama for its vibrant culture, diverse population, and excellent quality of life. The city offers a wide range of activities and attractions, from its beautiful beaches and lush rainforests to its bustling nightlife and world-class shopping. Additionally, Panama City is a great place to live due to its low cost of living, excellent healthcare system, and strong economy. With its tropical climate, friendly locals, and unique blend of Latin American and Caribbean culture, Panama City is an attractive destination for expats looking for a new home.

Panama Legal Business (PANLEB)
Panama Legal Business (PANLEB)
Panama Legal Business (PANLEB)
Panama Legal Business (PANLEB)

What do I need to know before moving to Panama City?

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

"The best thing I can say about my apt. is that I know where my leaks are. 7 or 8 months of rainy season - sunny mornings, you get out, do your errands early, then afternoon showers. It took me two years to know that Windex kills ants. Silicone seal around EVERYthing. Neighborhood - we got lucky. We chose the apt., and were clueless about the neighborhood, except the info the broker was pushing," said one expat in Panama City.

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How do I find a place to live in Panama City?

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

"We live in Costa del Este because we wanted to be very close to services without being in a noisy city and we also like to walk and Costa del Este is a beautiful place with wide sidewalks and beautiful landscaping," explained one expat living in Panama City, Panama.

"One of the best ways to find a place to live in Panama City is to use online resources such as websites like Encuentra24.com, PanamaRealEstate.com, and PanamaLiving.com. These websites offer a variety of listings for apartments, houses, and condos in Panama City. Additionally, you can also search for rental properties on popular real estate websites such as Zillow and Trulia. Additionally, you can also contact a local real estate agent or property management company to help you find a place to live in Panama City," said one expat in Panama City.

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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.

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

"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.

"Depends which part of Panama City you live. We chose to buy a new high rise Condo, 100 meters = 1076 sq ft. Plenty of space for 2 bedroom and 2.5 bath. We always dreamed of living in a high-rise condo in the US when we downsized, and this place does not disappoint! 24/7 Front Desk Security. They deliver my mail to my door. High end Gym, Pool, Jacuzzi, Game Room, Paddle Ball, Social area, wine lockers, parking garage, storage locker(I bought it, but it was like $6,500 only). Walking distance to shops. And fiber optic internet. Spanish helps and working on it. Although, just try most locals know a little Spanish. And many of the Expats are from other Latin American Countries, and many of them speak English fine," remarked one expat who made the move to Panama City.

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What is the average cost of housing in Panama City?

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

"Electricity more, especially when fuel prices soar. Cable is same. No ppty taxes, but now have $400 a month maintenance in the bldg, which includes water, garbage, common area items. When I look at check registers from California, I'm reminded that we paid a monthly (smaller) fee, but paid for garbage removal, gardener for back yard, all utilities, cable, phone. Here I can live with a cell phone only," explained one expat living in Panama City, Panama.

"The cost of housing in Panama City can vary greatly depending on the area and type of property. Generally, the average cost of a one-bedroom apartment in the city center is around $800 to $1,000 per month, while a three-bedroom apartment in the suburbs can cost around $1,200 to $1,500 per month. Prices for larger homes and luxury properties can range from $2,000 to $5,000 per month," said one expat in Panama City.

"Panama prices are still low but not like advertised by different websites. The retirement (jubilado) discount is interesting but not fully discounted as advertised, it's not 25% on the total electric bill, it's 25% of the of a portion of the electricity used so far away from 25% of total bill. Hotels are discounted by 25% but from their highest price so if a hotel is showing a special price of $100/night, you won't get 25% off $100, you will get 25% of their regular price that maybe around $150 so you better use their special rare and not applying your jubilado discount. For restaurants, the 25% discount worth it but it's not 25% off the total bill, it's 15 to 25% on portion of the bill but still worth it. Condo/house purchase or rental are cheaper. Food is not cheaper then the USA and even higher so if you buy locally food, you will save but limited on your choice. If you buy some food products from the USA, you will pay full price....higher then the USA. Panama is hot and Humid besides if you live in the mountains but there are negative aspects to it. My wife and I live in Panama and we like it so this message is not to sugar coat Panama but to be realistic. We like Panama, people are very friendly with no crazy politic discussions. You don't hear about shooting here and there on daily basis, it is safe and quiet place. They use the US currency, it's not to far away from the USA so it's interesting," said one expat who made the move to Panama City.

"Actually, they are comparable! I came here from living in Phoenix for the last year. Had to be very fiscally conservative there-just another victim of the economic debacle-and so I am prepared to continue this ecomically challenged life-style. It is what it is! Panama offers such an amazing variety of natural riches,that I feel quite wealthy! And grateful for this opportunity to live a different kind of life and blessed to be here," explained one expat living in Panama City, Panama.

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Should I buy or rent a home in Panama City?

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

"Yes. a condo. Process is kind of sloppy. A bit tricky. Need a good attorney. a lot of patience," remarked one expat in Panama City, Panama.

"Buying a home in Panama City can be a great investment. The city is growing rapidly and real estate prices are on the rise. Renting a home in Panama City can also be a great option, as it allows you to experience the city without the commitment of buying. It is important to consider your budget and lifestyle when deciding whether to buy or rent a home in Panama City," said one expat in Panama City.

What should I pack when moving to Panama City?

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

"When moving to Panama City, it is important to pack items that will help you adjust to the climate and culture. Pack lightweight, breathable clothing that is suitable for the tropical climate. Bring comfortable shoes for walking and exploring the city. Sunscreen and a hat are also essential for protecting yourself from the sun. Additionally, it is important to bring any necessary medications and toiletries. Don't forget to bring a few items that will help you feel at home, such as photos, books, and music. Finally, make sure to bring a valid passport and any other important documents," said one expat who made the move to Panama City.

"I arrived 4 days ago, and so far, I don't wish for anything more, nor anything less. I've brought clothing and essentials and that's all," explained one expat living in Panama City, Panama.

"Brought: books, DVDs, no printers or fax machines. Wish I had left at home: a HOME. Not having one Stateside means mail forwarding only, not having a state to claim residence in for Medicare, voting, getting mail delivered, and perhaps a relative sift through the mail and scan me only important papers. Don't bring wood furniture - the tropics call for their own woods. NO metal anything - file cabinets, etc. And don't store in highrise depositos - they're greasey and dirty. Tape any boxes on all seams so the contents stay clean," said one in Panama City.

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

We asked people in Panama City 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..," explained one expat living in Panama City, Panama.

"It is important to be respectful of local customs and traditions when visiting Panama City. Avoid making negative comments about the country or its people, as this can be seen as offensive. Additionally, it is important to dress modestly and conservatively, as revealing clothing can be seen as inappropriate. It is also important to be aware of the local language and to avoid speaking loudly or using offensive language. Finally, it is important to be aware of local customs and to avoid touching people without their permission," said one expat in Panama City.

Why do people move to Panama City?

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

"If you are thinking about coming to Panama, I suggest you consider staying in Albrook (in the former Canal Zone) which is close to Panama City but provides a refreshingly different environment away from the hustle and bustle of the city. The entire community was built by the Americans so you have reliable American infrastructure (underground utilities, sewer system, copper plumbing in the houses, reliable electricity, lightning protection, the best drinking water in all of Panama, and clean air (close to the ocean and no incinerators). Albrook touches up against the jungle in many parts. The Americans prohibited killing the animals so there is lots of wildlife here. I run an Airbnb here and also rent out rooms directly. Many of my guests use my home as a base for further explorations throughout Panama as they decide where they want to settle down. Some, like me, have decided to stay in Albrook. Albrook is a quiet, safe neighborhood, away from the noise and hustle and bustle of the City. You will see people walking and jogging every morning and evening. We are within walking distance of ~15 places to eat ranging from food trucks, to bars, to restaurants. Here are my Airbnb links: A Special Tropical Home Upstairs Guest Bedroom w/Balcony, Downstairs Guest Bedroom and Master Bedroom," stated one expat who made the move to Panama City.

"Panama City offers expats a unique blend of modern amenities and traditional Latin American culture. The city is known for its vibrant nightlife, diverse cuisine, and stunning beaches. The cost of living is relatively low compared to other cities in the region, making it an attractive option for expats looking to stretch their budget. Additionally, the city is home to a large expat community, providing a great opportunity to meet new people and make friends. With its tropical climate, Panama City is also a great place to enjoy outdoor activities year-round," remarked one expat in Panama City.

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How are healthcare services Panama City?

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

"Healthcare services in Panama City are provided by both public and private institutions. The public healthcare system is managed by the Ministry of Health and Social Protection, and provides free or low-cost services to citizens. Private healthcare services are also available, and are generally of a higher quality than public services. These services are provided by a variety of hospitals, clinics, and other medical facilities. In addition, there are a number of specialized medical centers that offer specialized treatments and services. The city also has a number of pharmacies, which provide medications and other medical supplies," said one expat.

"Private hospital will do it like Pacificasalud or San Fernando. I had a Spontaneous Pneumothorax and my surgeon (an open heart surgeon) did the surgery by removing a "bulla" from my right lung so yes they have the same expertise as the USA. San Fernando is cheaper than Pacificasalud and my surgeon work at both hospitals. They also offer the surgery in Public (Santo Tomas) but I had to wait three weeks and could not wait that long so my surgery was done in San Fernando. Surgery went A1 with great follow-up," said one expat living in Panama City, Panama.

What are medical services in Panama City like?

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

"Health care in Panama exemplifies that of a small, developing country. The public system is very hit-or-miss, ranging from bad to terrible. The private system is adequate, but expensive for those coming from countries with universal health care systems," commented one expat who moved to Panama City.

"Panama City offers a wide range of medical services, including both public and private hospitals and clinics. The public hospitals are generally well-equipped and staffed with experienced medical professionals, while the private hospitals offer more specialized services and treatments. In addition, there are a number of pharmacies and medical supply stores located throughout the city. Many of the larger hospitals also offer emergency services, and there are a number of medical centers that specialize in specific areas of medicine. The city also has a number of medical tourism options, with many international patients coming to Panama City for medical treatments," said one expat.

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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