Panama City, Panama
Live cost-of-living data for Panama City — rent, groceries, transport, healthcare and more, sourced and cross-checked by AI and refreshed regularly.
Cost Breakdown by Category
Each score runs 0–100, where higher means pricier. Representative prices shown per category.
Digital Nomad Profile
Best neighborhoods: Casco Viejo, San Francisco, El Cangrejo
Frequently Asked Questions
Is Panama City cheap to live in?
Panama City has a cost of living index of 31/100, where New York = 100. It is 69% cheaper than New York. A single person can live comfortably for approximately $1,100–$1,540 per month.
How much does rent cost in Panama City?
A 1-bedroom apartment in the city center of Panama City costs approximately $1,320/month. Outside the center, expect to pay around $900/month.
Is Panama City good for digital nomads?
Panama City has a growing digital nomad community. Average internet speed is 75 Mbps, café wifi reliability is good, and coworking spaces run about $200/month. English proficiency is moderate.
What is the average salary in Panama City?
The median net monthly salary in Panama City is approximately $1,300 USD. The income tax rate is around 15%.
How does Panama City compare to New York for cost of living?
Panama City (cost index 31) is 69% cheaper than New York (cost index 100). You could save roughly $1,725/month by moving from New York to Panama City.
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