Panama
Live cost-of-living data across 1 city in Panama — average cost index 31/100 (New York = 100), ranging from 31 to 31. Sourced by AI, refreshed regularly.
Cost of living by city in Panama
Ranked cheapest first. Cost index anchored to New York = 100.
Frequently asked questions
Is Panama cheap to live in?
Across 1 cities in Panama, the average cost-of-living index is 31 (New York = 100) — from 31 in Panama City to 31 in Panama City. It's meaningfully cheaper than the US and Western Europe.
What is the cheapest city in Panama?
Panama City is the most affordable city we track in Panama, with a cost-of-living index of 31 (New York = 100) and a 1-bedroom city-center rent around $1,200/month.
Does Panama have a digital nomad visa?
Yes. Panama offers the Friendly Nations Visa, allowing stays of up to 6 months with no application fee. Always confirm current requirements with the official immigration portal.
How much does it cost to live in Panama per month?
A single person can live comfortably in the cheaper cities of Panama for roughly $620–$868/month. Costs scale up toward Panama City. See the full city-by-city breakdown above.
Compare Panama City with anywhere
Dig into any Panama city, or see where your salary stretches furthest worldwide.