Panama

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Life quality score

City ranking

Housing

6
184/263
Details
Large apartment$1459.98
Medium apartment$1245.04
Rent index [score]0.61
Small apartment$1030.11

Cost of Living

6
89/261
Details
5km taxi ride$8.00
A Cappuccino$3.30
A beer$1.30
A kilogram of Apples$4.10
Bread$0.98
Inflation [score]0.63
Lunch$10.00
Monthly fitness club membership$61.00
Monthly public transport$26.00
Movie ticket$6.20
Price of a meal at a restaurant$56.52

Startups

3
184/260
Details
Average monthly increase in number of startups3
Average monthly increase in number of startups [score]0.24
Coworking spaces [score]0.32
Coworking spaces on WorkFrom.co6
Meetups [score]0.13
Meetups groups14
Meetups members1892
Number of investors5
Number of startup events in the last 12 months21
Startup climate scene [score]0.35
Startup events6
Startup events1
Startup events [score]0.30
Startups [score]0.44
Total number of startups30

Venture Capital

N/A
Details

Travel Connectivity

2
171/260
Details
Airport hub82
Airport hub [score]0.40

Commute

5
167/260
Details
Traffic handling [score]0.64

Business Freedom

6
181/259
Details
Business freedom74.40
Business freedom [score]0.65
Freedom from corruption37.00
Freedom from corruption [score]0.27
Lack of labor restrictions42.90
Lack of labor restrictions [score]0.16
Time to open a business6.00
Time to open a business [score]0.95

Safety

7
134/264
Details
Crime rate [score]0.56
Gun-related deaths per 100,000 residents per year15
Guns per 100 residents22
Lack of gun related deaths [score]0.59
Lack of guns [score]0.90
Lack of guns and gun-related deaths [score]0.74

Healthcare

7
132/260
Details
Healthcare expenditure [score]0.78
Healthcare quality [score]0.60
Life expectancy (years)77.82
Life expectancy [score]0.67

Education

N/A
Details

Environmental Quality

5
184/264
Details
Air quality [score]0.51
Cleanliness [score]0.31
Drinking water quality [score]0.64
Urban greenery [score]0.42

Economy

6
90/258
Details
Currency for urban areaPAB
GDP growth rate0.06
GDP growth rate [score]0.89
GDP per capita$19455.42
GDP per capita [score]0.32

Taxation

7
34/260
Details
Effective company profit tax rate on payouts as dividends [score]0.66
Income tax level [score]0.73
Profit tax (% of profit)0.37
Time overhead to file company taxes417
VAT (Sales Tax)0.07

Internet Access

2
243/263
Details
Download speed (Mbps)14.04
Internet access (download) [score]0.34
Internet access (upload) [score]0.10
Upload speed (Mbps)2.06

Leisure & Culture

6
134/263
Details
Art galleries68
Art galleries [score]0.52
Cinemas40
Cinemas [score]0.58
Comedy clubs9
Comedy clubs [score]0.69
Concert venues96
Concerts [score]0.45
Historical sites39
Historical sites [score]0.73
Museums19
Museums [score]0.42
Performing art venues85
Performing arts [score]0.55
Sport venues37
Sports [score]0.55
Zoos4
Zoos [score]0.38

Tolerance

5
222/264
Details
LGBT Equality Index46.43
LGBT Equality Index [score]0.46
LGBT adoption rights✖ Illegal
LGBT age of consent✔ Equal
LGBT blood donation regulations✖ Banned (indefinite deferral)
LGBT conversion therapy regulations✖ Not banned
LGBT discrimination legality✖ No protections
LGBT employment discrimination legality✖ No protections
LGBT gender changing rights✔ Legal, but requires surgery
LGBT homosexuality rights✔ Legal
LGBT housing discrimination legality✖ No protections
LGBT marriage rights✖ Unrecognized
Tolerance towards minorities [score]0.49

Outdoors

5
127/260
Details
Elevation (hills or mountains) [score]0.39
Median peak in meters1007.00
Presence of hills in city1.00
Presence of mountains in city1.00
Seaside access1.00
Urban area elevation (meters)17.00
Water access [score]0.56
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Costs of living

Costs of living in Panamá are in the 89th place of all 261 Teleport cities. Sign up for free to get access to our cost of living index and use our international  cost of living calculator to do cost comparison by city.

Housing costs (USD)

$964$1,526
$1245
Median rent for
apartments in city center

Daily living costs (USD)

Monthly fitness club membership$61
Movie ticket$6
Broadband internet connection$40
Monthly public transport$26
Lunch$10
-38%
compared to
San Francisco
See more prices and detailed cost of living data in Panama

Job salary calculator

Software Engineer salaries in Panama are low. For this job type, Panama ranks 235th for salaries among 264 cities. Get access to our salary comparison calculator by signing up. Compare salaries city by city with our free salary wizard and convert your own salary to a local salary in Panama.

Estimated annual salary (in USD)

$18,601
Median salary
See more details and salary rankings for all job types in Panama

Local Currency

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Safety

Gun crimes & Ownership

21.70
Guns per 100 people
15.11
Gun deaths per 100k people / year
HIGH GUN CRIMELOW GUN CRIMEFEW GUNSMANY GUNS
North America
Europe
Asia
South America
Africa
Oceania

Overall crime rate city ranking

The overall crime rate puts Panama in position 153 of 264 Teleport Cities in a ranking for the safest cities.

WORSTBEST

Education

Visa

For visits up to 90 days

Required with citizenship of
Get more information about visas in Panama here
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Explore the streets of Panama

People in Panama

Friends living in Panama

Find out which of your friends are living in Panama. Nothing is better than knowing a local 😉

LGBT rights in Panama

Discrimination

No Protections

Marriage

Unrecognized

Adoption

Illegal

Climate

Average number of days per year without rain

102

Climate type

Tropical Monsoon

Average daily maximum temperature

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Impressions from Panama

2:09 Panama en 2 minutos.

A video by Pierre Rios

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On living in Panama

Panama is a country in Central America with coastlines on the Caribbean Sea and the North Pacific Ocean. It has land borders with Colombia (and South America) to the southeast and Costa Rica to the northwest. It's strategically located on the isthmus that forms the land bridge connecting North and South America. It controls the Panama Canal that links the North Atlantic Ocean via the Caribbean Sea with the North Pacific Ocean, one of the most important shipping routes in the world.

The ease of travel and wide array of experiences make Panama one of the most attractive emerging tourism destinations in the world. In just one week, visitors can enjoy two oceans, experience the mountains and rainforest, learn about native cultures and take advantage of vibrant urban life. The capital, Panama City, is a modern, sophisticated metropolis that resembles Miami and has established commerce, arts, fashion and dining.

Panama is known as the "Crossroads of the Americas" due to its privileged position between North and South America. The indigenous meaning of the country's name, "abundance of fish", reflects Panama's reputation as a paradise for water sports enthusiasts and eco-tourists. As the isthmus connecting two massive continents, Panama's flora and fauna is incredibly diverse. For example, Panama has been named the country with the most bird species in the world: over 900. Panama's many indigenous tribes are still thriving, living in the same ancient manner as their ancestors, making its cultural fabric exceptionally rich.

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