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Panama

Panama

🇵🇦
A country. We have 13 states and 600 cities, 0 streets and 0 properties registered in our database.
Rank #2 in Countries
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(0 reviews)
Air Quality : Good
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Insights About Panama

Great for
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Not great for
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? Who lives here?
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Best Cities in Panama

Panamá Province
Not enough data
Bocas del Toro Province
Not enough data
Los Santos Province
Not enough data
Herrera Province
Not enough data
Guna Yala
Not enough data

Worst Cities in Panama

Panamá Province
Not enough data
Bocas del Toro Province
Not enough data
Los Santos Province
Not enough data
Herrera Province
Not enough data
Guna Yala
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Ratings by Topic

Not enough data

Cost of Living in Panama

Grocery Shopping

Beer (Domestic, 0.5 Liter)
$ 2.00
Beer (Imported, 0.33 Liter)
$ 2.57
Milk (1 Liter)
$ 1.70
Fresh White Bread (500 Grams)
$ 2.28
White Rice (1 kg)
$ 2.05
Chicken Eggs (12 pcs)
$ 2.39
Local Cheese (1 kg)
$ 10.23
Chicken Meat (1 Kg)
$ 7.04
Beef Meat (1 Kg)
$ 7.66
Apple (1 Kg)
$ 3.04
Banana (1 Kg)
$ 1.32
Orange (1 Kg)
$ 2.70
Tomato (1 Kg)
$ 2.90
Potato (1 Kg)
$ 2.06
Onion (1 Kg)
$ 1.99
Lettuce (1 Piece)
$ 1.85
Water (1.5 Liter)
$ 1.49
Wine Bottle (0.7 Liter, Mid-Level)
$ 8.01
Cigarette (20 Pcs Pack, Marlboro)
$ 5.78

Monthly Bills

Basic Bills (Heating, Cooling, Water, Electricity, Garbage) for 90 m2 Apartment
$ 97.83
Internet Service (50 Mbps or Higher, Unlimited, ADSL)
$ 47.63

Childcare

Kindergarten (Private, Full-Day, Monthly)
$ 364.08
Primary School (Yearly, International, for Single Child)
$ 7,894.91

Rent

1 Bedroom Apartment Far From City Centre
$ 818.14
1 Bedroom Apartment in City Centre
$ 532.57
3 Bedrooms Apartment in City Centre
$ 1,717.75
3 Bedrooms Apartment Far From City Centre
$ 997.13

Salaries

Average Salary (Net, Without Taxes)
$ 794.48

Eating and Drinking

Budget-Friendly Meal at Restaurant
$ 9.99
3-Course Meal for 2 at Mid-Range Restaurant
$ 58.75
McDonald's McMeal or Similar Combo
$ 7.95
Cappuccino (Normal)
$ 3.51
Coke/Pepsi (0.33 Liter)
$ 1.57

Transport

Single Way Ticket (Local Transportation)
$ 0.44
Monthly Pass (Standard Price)
$ 25.00
Taxi Starting Price (Standard Tariff)
$ 1.95
Taxi 1 KM Price (Standard Tariff)
$ 1.72
Taxi 1 Minute Waiting Price (Standard Tariff)
$ 20.00
Fuel (1 Liter)
$ 1.03
Volkswagen Golf 1.4 Trendline (Or a Same Segment Vehicle)
$ 23,988.64
Toyota Corolla Sedan 1.6l Comfort (Or a Same Segment Vehicle)
$ 19,939.46

Leisure & Hobbies & Sport

Fitness Club
$ 49.50
Tennis Court (Weekend, 1 Hour)
$ 31.58
Cinema (1 Seat)
$ 6.46

Clothing

Jeans (Levis 501 or a Same Quality Jeans)
$ 49.85
Summer Dress (From Chain Stores like H&M, ZARA, etc.)
$ 40.13
Nike Running Shoes (Middle Segment)
$ 77.32
Men’s Leather Business Shoes
$ 84.11

Apartment Prices

M2 Price in City Centre
$ 2,279.52
M2 Price Far From City Centre
$ 1,297.65
20 Years Fixed Rate Mortgage Interest Rate (%, Annual)
$ 6.14

Air Quality Details of Panama

Air Quality Metrics of Panama

A colorless, odorless gas emitted from incomplete combustion of carbon-based fuels, posing a health risk when inhaled in high concentrations.

A reddish-brown gas produced by combustion processes, particularly in vehicles and power plants, contributing to air pollution and respiratory issues.

A reactive gas present in the atmosphere, beneficial at higher altitudes but forming ground-level smog when concentrated, potentially harmful to respiratory health.

A gas resulting from burning fossil fuels containing sulfur, contributing to air pollution and respiratory problems.

Fine particles smaller than 2.5 micrometers in diameter, able to penetrate deep into the lungs, associated with respiratory and cardiovascular issues.

Coarser particles with a diameter of 10 micrometers or smaller, contributing to air pollution and potential health problems.

The United States federal agency tasked with safeguarding human health and the environment by regulating pollutants and implementing environmental laws.

The UK government department responsible for overseeing environmental protection, food production, and rural affairs.

Panama Earthquake History

Latest Earthquakes

  • 4.8
    El Cortezo, Los Santos Province
    2024-02-06 16:37:32
  • 4.9
    Pedasí, Los Santos Province
    2023-11-25 15:22:13
  • 4.6
    Puerto Obaldía, Guna Yala
    2023-10-09 02:35:03
  • 4.5
    Finca Blanco, Chiriquí Province
    2023-09-09 12:31:05
  • 4.5
    Finca Blanco, Chiriquí Province
    2023-09-09 08:12:22
  • 4.5
    Metetí, Darién Province
    2023-08-06 08:02:45

    • Best Cities in Panama

    Panamá Oeste Province 0 Coclé Province 0 Herrera Province 2 Ngöbe-Buglé Comarca 2 Panamá Province 4 Colón Province 8 Emberá-Wounaan Comarca 14 Veraguas Province 20 Bocas del Toro Province 21

    Worst Cities in Panama

    Chiriquí Province 247 Darién Province 120 Guna Yala 42 Los Santos Province 27

    Places with the Most Earthquakes of 7 or Above

    Darién Province 2 Chiriquí Province 1 Bocas del Toro Province 0 Panamá Oeste Province 0 Coclé Province 0 Colón Province 0 Herrera Province 0 Los Santos Province 0 Panamá Province 0

    Panama Geographical Information

    ISO2
    : PA
    ISO3
    : PAN
    Phone Code
    : +507
    Currency
    : PAB
    Population
    : 4,351,267 (2021)

    Learn More About Panama

    Welcome to TrustLocale.com's Panama page, your guide to the vibrant and growing real estate market in this Central American country. With its stunning natural landscapes, favorable tax policies, and strategic location, Panama is an attractive destination for property buyers and investors seeking a unique investment opportunity.

    Panama has a growing economy and a real estate market that offers a range of investment opportunities, from residential properties to commercial real estate. Additionally, Panama has a strong reputation as a popular destination for retirees and expats, which can provide opportunities for attractive rental yields.

    One of the main advantages of investing in Panamanian property is its potential for strong capital gains in the long term. The country's real estate market has shown steady growth over the years, and with the potential for continued economic and demographic growth, there may be opportunities for investment.

    At TrustLocale.com, we are dedicated to providing you with reliable and transparent information about the real estate market in Panama. Our platform features reviews and ratings from other buyers and investors, as well as detailed information about properties, neighborhoods, and amenities. We are committed to helping you make informed decisions about your property investments in Panama.

    Whether you're interested in the natural beauty of Bocas del Toro, the cosmopolitan vibe of Panama City, or the laid-back lifestyle of Boquete, TrustLocale.com's Panama page has everything you need to know to make your property investment a success. Explore our platform today and discover why Panama may be a unique and exciting investment opportunity for adventurous property investors.

    Popular Questions About Panama

    The cost of living in Panama is generally lower compared to many Western countries, with affordable housing, groceries, and transportation.

    No, there are no restrictions for foreigners to buy property in Panama. Non-residents and non-citizens enjoy the same property rights as Panamanian nationals.

    Panama offers a wide range of property options including apartments, houses, condos, beachfront villas, and mountain retreats. There is something to suit every taste and budget.

    Yes, it is safe to buy property in Panama. The country has a stable economy, solid property rights, and a robust legal system that protects the rights of property owners, including foreigners.

    Popular areas for property purchase in Panama include Panama City, Boquete, Bocas del Toro, Coronado, and Pedasi. Each offers unique advantages and appeals to different lifestyles.

    The property buying process in Panama involves signing a purchase contract, conducting due diligence, and finalizing the transaction through a public deed. It is recommended to hire a real estate lawyer to navigate the legal procedures.

    Property taxes in Panama are generally low. The amount varies depending on the property's assessed value, ranging from 0.6% to 2.1% annually. It is important to pay property taxes promptly to avoid penalties.

    Yes, foreigners can obtain a mortgage to buy property in Panama. Many local and international banks offer mortgage loans to qualified buyers, with varying interest rates and terms.

    Foreigners buying property in Panama are eligible for the 'Friendly Nations Visa' program, providing a fast-track residency process. Alternatively, they can apply for a 'Retirement Visa' or 'Investor Visa'.

    Panama has a tropical climate with a year-round warm and humid weather. It experiences a wet season (May to November) and a dry season (December to April) with average temperatures ranging between 24°C (75°F) and 31°C (88°F).
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