Quick answer: As of 2026, living in Panama City costs approximately $1,834 per month for one person including rent. That is 13% above the $1,620 global median across the 340 cities in the Voyica Cost of Living Index 2026. Against its own region, where the median is $951, Panama City is on the more expensive side for Latin America & Caribbean. A one-bedroom apartment in the city centre averages $1,289 per month, or $1,011 outside the centre. Housing therefore accounts for about 55% of a single person's total monthly cost here. A family of four should budget around $2,990 per month excluding rent. Day to day, an inexpensive restaurant meal runs about $10.00 and a monthly transit pass $21. For anyone weighing a longer stay, median internet speed is 197 Mbps and Panama City scores 55/100 on safety (moderately safe), and Panama offers a digital nomad visa. Actual costs vary with lifestyle, neighbourhood, and exchange rates; figures come from crowd-sourced price data last refreshed June 2026. See the full Cost of Living Index →
Panama City is a city in Panama, where a single person can expect to spend about $1,834 per month including rent, food, and local transport. A one-bedroom apartment in the city centre averages $1,289 per month, or $1,011 outside the centre. Internet is fast at around 197 Mbps median download speed, and Panama offers a digital nomad visa. On safety, Panama City scores 55/100 — moderately safe for residents and visitors. Expect summer highs near 87°F and winter highs around 86°F, with roughly 344 sunny days a year.
A single person should budget around $1,834 per month in Panama City, covering rent, groceries, transport, and basic lifestyle costs. A family of four typically needs about $2,990 per month excluding rent.
How much is rent in Panama City?
A one-bedroom apartment in central Panama City averages $1,289 per month, dropping to about $1,011 outside the centre. A three-bedroom in the centre runs about $2,132.
Is Panama City safe?
Panama City scores 55/100 on safety, which is moderately safe. Tourist safety is rated 50/100.
How fast is the internet in Panama City?
Median download speeds in Panama City are around 197 Mbps — fast for remote work and video calls. There are roughly 20 coworking spaces in the city.
Does Panama offer a digital nomad visa?
Yes — Panama offers a digital nomad visa. US passport holders can typically stay 180 days visa-free before applying.
What is the weather like in Panama City?
Panama City sees summer highs around 87°F and winter highs near 86°F, with about 344 sunny days and 250 rainy days per year.
