Ciudad de Panamá
Panama
Updated on August 04, 2025
Overview
Capital and most populous city of Panama, recognized as an important financial and commercial center in Latin America. Notable for its modern skyline, the Panama Canal, and its historic quarter declared a World Heritage Site.
Average cost of living€2,015.00
Quality of Life75/100
Accommodation
Rent room (flat-share)€450.00
1-bed flat (center)€800.00
1-bed flat (outside)€600.00
3-bed flat (center)€1,500.00
3-bed flat (outside)€1,100.00
Utilities
Basic utilities€120.00
Internet€45.00
Mobile plan€25.00
Transportation
One-way ticket€0.35
Monthly pass€25.00
Taxi start€2.00
Gasoline (1 l)€0.75
Leisure
Cinema ticket€8.00
Fitness club€60.00
Education
Preschool (month)€300.00
Intl. primary (year)€4,000.00
Buying House
sqm in city center€2,800.00
sqm outside center€1,800.00
Advantages
- ✓ International financial center with dollarized economy
- ✓ Strategic location as aviation connectivity hub
- ✓ Modern and growing infrastructure
- ✓ Rich cultural and gastronomic diversity
- ✓ Proximity to the Panama Canal
- ✓ Historic Quarter declared World Heritage Site
Disadvantages
- × High cost of living compared to other Central American cities
- × Traffic congestion during peak hours
- × Marked socioeconomic inequality
- × Intense rainy season
- × Limited public transportation options
- × High population density in certain areas