Cost of living and prices in Panama City, prices of food, rent, shopping, etc. 🇵🇦
Updated Jul 2023

If you're looking for a diverse range of cuisine options, Panama City won't disappoint. From traditional Panamanian dishes like sancocho and ceviche, to international options like sushi and Italian cuisine, there's something for everyone. The Casco Viejo neighborhood is particularly known for its dining scene, where you can find everything from upscale restaurants to casual street vendors selling delicious snacks. Make sure to try the local seafood, as Panama is surrounded by both the Pacific Ocean and the Caribbean Sea, giving chefs access to an abundance of fresh seafood.

A unique dining experience in Panama City is visiting one of the many rooftop restaurants and bars with incredible views of the skyline and ocean. Many hotels and restaurants offer rooftop dining options, making it the perfect spot for a romantic dinner or gathering with friends. For a more casual dining experience, check out the food trucks and small stands located throughout the city. These are often affordable and offer a chance to try local specialties that you might not find in a sit-down restaurant. No matter your dining preference, Panama City offers a culinary adventure for every palate.

Market prices in Panama City, Panama can vary greatly depending on the type of product or service being offered. In general, food and beverages tend to be affordable, particularly if purchased from street vendors or local markets. However, imported or specialty items may come with a higher price tag. For clothing and other retail goods, prices can range from very affordable to quite expensive, depending on the brand and quality. It's worth noting that bargaining is common in Panama, so visitors should be prepared to negotiate for better prices.

Real estate prices in Panama City, Panama have risen significantly in recent years. Demand for housing in the city has increased as more people are attracted to its warm climate, beautiful scenery, and growing economy. As a result, prices for rental properties and homes for sale have increased, particularly in sought-after neighborhoods. However, despite these increases, property prices in Panama are still generally considered affordable when compared to other cities in the region. For those considering a move to Panama City, it's always best to consult with a local real estate agent to get a better understanding of the market and available options.

When it comes to transportation options in Panama City, visitors have plenty of choices. One of the most popular ways to get around is by taxi. You can easily hail a cab on the street or call for one through an app. Taxis are affordable and convenient, but make sure to negotiate the fare upfront to avoid surprise charges.

If you'd like to explore the city while soaking in some fresh air, consider renting a bike. Panama City offers a bike-sharing program that’s perfect for short trips, and you can rent a bike for a few hours or a full day. You can download an app, register, and unlock a bike at one of the many bike stations around the city. Exploring the city on a bike is not only budget-friendly but also a great way to stay active while taking in the sights and sounds of Panama City.

One thing to keep in mind when traveling to Panama City, Panama is the cost of utilities. Compared to other developed countries or major cities, utilities can be relatively expensive. Water and electricity costs may come as a surprise to travelers, especially those who are used to low prices in their home countries. However, it is important to note that conservation efforts are being put into place, and many locals have adjusted their lifestyle to be more energy-efficient to offset these costs.

Another point to consider is that the cost of air conditioning during the hot and humid months can add up quickly. It is recommended that travelers be conscious of their energy usage and limit their AC usage to conserve energy and reduce the amount of their utility bill. Additionally, many accommodations offer fans as an alternative to air conditioning, which can be a more cost-effective option. Overall, it is best to be mindful of utilities costs during your stay in Panama City to avoid any surprises when the bill arrives.

If you're a sports enthusiast, Panama City won't disappoint you. The city has numerous sports venues, including stadiums, arenas, and parks. One of the popular sports played in Panama City is baseball. The Rod Carew National Baseball Stadium is a state-of-the-art stadium with 27,000 seating capacity. The stadium used to host Panamanian professional baseball games, and in 2019, it hosted the Caribbean Series. The stadium is a must-visit for sports fans. Besides baseball, Panama City is also home to various golf courses, soccer fields, and basketball courts.

Panama City offers a wide range of leisure activities to relax and rejuvenate. For those who love the outdoors, hiking and trekking in the Soberania National Park and Ancon Hill is an excellent way to get back to nature. The parks have lush green forests, diverse flora and fauna, and scenic vistas. Another fantastic leisure activity in Panama City is cruising through the Panama Canal. You can board a yacht or a boat and enjoy the stunning views of the canal while savoring sumptuous meals and drinks. If you prefer indoor activities, there are plenty of malls, cinemas, and theaters that you can visit.

When traveling to Panama City, it's important to keep in mind the cost of living and salaries of locals. The good news is that salaries in Panama City are generally lower than in many other developed countries, which means you can stretch your budget further. It's also important to note that most locals earn their income through tourism, services, and the banking industry. So if you're planning to work or start a business, these sectors could be a great starting point for you.

Financing in Panama City is also readily available to those who need it. There are many banks and financial institutions located throughout the city, and most offer a range of services from loans and mortgages to savings accounts and investments. It's important to do your research before choosing a bank or financing option, as interest rates and fees can vary widely. Additionally, it's important to be aware of potential scams or fraudulent practices in the financial industry. As long as you do your due diligence and work with reputable institutions, financing in Panama City can be a great asset to your travel or business plans.

Childcare prices in Panama City, Panama can vary depending on a number of factors. One of the biggest factors influencing prices is the type of childcare provider you choose. Schools and kindergartens tend to be on the higher end of the price spectrum due to their more formalized and structured programs. These programs often employ certified teachers and have specific learning objectives for each age group. Despite the higher cost, many parents choose schools and kindergartens because of the quality of education and the peace of mind that comes with knowing their child is in a safe, structured environment.

On the other end of the price spectrum, there are a variety of home-based childcare providers and informal daycare arrangements that can be more affordable for families. However, these options may come with some tradeoffs such as less structured programming, fewer learning opportunities, and less oversight. Each family will need to decide which option works best for them based on their own individual priorities and budget.

If you are looking for a shopping haven in Panama City, Panama, then you are in luck! The city offers an array of options for clothing and shoe enthusiasts. From designer labels to bargain buys, there's something to fit every budget. You can find international brands in the city's many shopping malls or you can explore the local markets for unique selections. Whether you need a dress for a fancy event or a comfortable pair of sneakers for sightseeing, Panama City has got you covered.

Panama City has become a hub for trendy and fashion-forward items. You can find almost everything you need in the city's shopping districts. Shopping for clothes and shoes is convenient because there are many stores selling trendy and high-quality styles at affordable prices. Panama City is known for its designer brands and high-end boutiques. Even if you're not in the market for expensive designer items, you can still find great deals on fashionable pieces. You can choose to shop in the city's many malls, markets, or street stores to find the best deals and styles.

If you're visiting Panama City for a quick getaway or a business trip, short-term rentals are a great option. The city is bustling with furnished apartments, condos, and studios that can cater to your stay needs. Short-term rentals are typically cheaper than hotels, giving you the opportunity to save money without compromising on comfort. You'll also get more privacy and freedom to explore the city at your own pace. With fantastic views and amenities, short-term rentals are the practical choice for an extended stay in Panama City.

Staying in Panama City for a short period is becoming increasingly popular, and as such, there are many options when it comes to budget and luxury accommodations. Whether you're looking for a cozy studio or a spacious apartment with exclusive amenities, there are plenty of options to choose from when it comes to short-term rentals. Moreover, the strategic location of these rentals puts you in close proximity to some of the city's popular landmarks, including the Panama Canal and Casco Viejo. You'll get to experience the city like a local rather than a tourist, and at a more affordable price point.

If you are planning to buy real estate in Panama City, you have a variety of options to choose from. Whether you are looking for a luxury condo with breathtaking views, a spacious house with a garden, or a more budget-friendly option, Panama City has it all. You can find properties in different neighborhoods, each with its own charm and character. Some neighborhoods are more modern and cosmopolitan, while others have a more historic feel.

The prices of real estate in Panama City vary depending on the location, size, and type of property you are interested in. However, overall, Panama City offers affordable real estate prices, especially compared to other major cities in the region. Whether you are looking for a high-end property or a more modest one, you can find something that suits your budget. As an added bonus, Panama offers attractive tax incentives for retirees and foreign investors, making it a popular destination for those looking to invest in the real estate market.