Panama

Panama

🇵🇦
A country. We have 13 states and 600 cities, 0 streets and 0 properties registered in our database.
Rank #2 in Countries
0.0
(0 reviews)

Insights About Panama

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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)
$ 2.04
Chicken Eggs (12 pcs)
$ 2.39
Local Cheese (1 kg)
$ 10.23
Chicken Meat (1 Kg)
$ 7.04
Beef Meat (1 Kg)
$ 7.65
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)
$ 1.84
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
$ 97.84
Internet Service (50 Mbps or Higher, Unlimited, ADSL)
$ 47.62

Childcare

Kindergarten (Private, Full-Day, Monthly)
$ 364.12
Primary School (Yearly, International, for Single Child)
$ 7,890.36

Rent

1 Bedroom Apartment Far From City Centre
$ 818.15
1 Bedroom Apartment in City Centre
$ 532.37
3 Bedrooms Apartment in City Centre
$ 1,718.13
3 Bedrooms Apartment Far From City Centre
$ 996.69

Salaries

Average Salary (Net, Without Taxes)
$ 794.51

Eating and Drinking

Budget-Friendly Meal at Restaurant
$ 9.99
3-Course Meal for 2 at Mid-Range Restaurant
$ 58.73
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)
$ 23,985.20
Toyota Corolla Sedan 1.6l Comfort (Or a Same Segment Vehicle)
$ 19,936.18

Leisure & Hobbies & Sport

Fitness Club
$ 49.53
Tennis Court (Weekend, 1 Hour)
$ 31.58
Cinema (1 Seat)
$ 6.46

Clothing

Jeans (Levis 501 or a Same Quality Jeans)
$ 49.86
Summer Dress (From Chain Stores like H&M, ZARA, etc.)
$ 40.14
Nike Running Shoes (Middle Segment)
$ 77.30
Men’s Leather Business Shoes
$ 84.09

Apartment Prices

M2 Price in City Centre
$ 2,278.75
M2 Price Far From City Centre
$ 1,296.30
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

  • 5.1
    Divalá, Chiriquí Province
    1985-05-18 06:12:57
  • 4.9
    La Loma, Veraguas Province
    1985-05-06 23:08:16
  • 4.8
    Púcuro, Darién Province
    1985-04-25 14:54:49
  • 4.2
    Puerto Obaldía, Guna Yala
    1985-04-21 09:39:08
  • 6.3
    Mulatupo, Guna Yala
    1985-04-20 21:23:48
  • 4.5
    La Estrella, Chiriquí Province
    1985-02-20 00:55:41
  • Panama Geographical Information

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

    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).