
Panama City, Panama
A modern hub where skyscrapers meet the tropics — and your dollars go further
Cost of Living
$1,800/mo
Internet Speed
100 Mbps
Safety Score
65
Nomad Score
80
Visa Ease
Easy
Weather
Tropical humid, 27°C avg
About Panama City
Panama City offers the most cosmopolitan experience in Central America with world-class infrastructure, USD as legal currency, and one of the region's best digital nomad visa programs. The city's international banking sector, duty-free shopping, and Hub of the Americas connectivity make it a strategic base for location-independent professionals.
Long-Stay Suitability
How well Panama City supports digital nomads and remote workers planning extended stays of 3+ months.
Healthcare
Quality and affordability of medical care
Expat Community
Size and activity of nomad/expat community
Bureaucracy
Ease of visa and paperwork processes
Climate
Year-round livability and comfort
Cost Stability
Currency and inflation stability
In-Depth Guide to Panama City
Neighborhood Guide
- Casco Viejo - Historic quarter with boutique hotels, rooftop bars, and creative energy
- El Cangrejo - Central, walkable neighborhood with diverse dining and mid-range apartments
- San Francisco - Modern residential area with parks, gyms, and good supermarkets
- Costa del Este - Upscale suburb with malls, international schools, and newer condo towers
- Obarrio/Bella Vista - Financial district area with high-rise living and nightlife
Coworking Spaces
- Selina Casco Viejo - Coworking in a beautifully restored colonial building
- CoWork LatAm - Professional space in the banking district with meeting rooms
- Regus Panama - Multiple locations across the city with flexible plans
- Impact Hub Panama - Community-driven space focused on social entrepreneurs and startups
Local Tips
- USD is the official currency alongside the Balboa - no need to exchange money
- The metro system is modern, cheap ($0.35/ride), and expanding rapidly
- Traffic can be brutal during rush hours - plan your schedule around it or live near your coworking space
- Visit the Cinta Costera waterfront boardwalk for running, cycling, and sunset walks
- Panama has no sales tax on many items and duty-free zones - great for electronics and gear
- The Tocumen airport is the Hub of the Americas - you can fly almost anywhere in Latin America for cheap
Visa Information
Panama's Friendly Nations Visa allows citizens of 50+ countries to obtain permanent residency through economic ties (opening a bank account with $5,000 minimum). The newer Remote Worker Visa (Hub of the Americas) launched in 2022 grants 18 months of residency for remote workers earning at least $3,000/month, with the option to add dependents. Holders are exempt from Panamanian income tax on foreign-sourced earnings. Most nationalities also receive 90-180 days on a tourist stamp. Panama's territorial tax system means only locally-sourced income is taxed, making it highly attractive for remote workers.
Monthly Cost Breakdown
Rent
$800-1,500/month for a furnished 1-bedroom in a central neighborhood
Food
$300-500/month with a mix of local fondas and restaurants
Transport
$50-100/month using metro and Uber
Coworking
$150-250/month for a hot desk
Entertainment
$200-350/month for nightlife, activities, and day trips
Recommended services
Vetted providers that serve Panama
Tax & Legal
Remote Tribe Tax Consulting
Expert tax consulting for digital nomads by Remote Tribe. Specializing in multi-country tax optimization, residency planning, and compliance for location-independent professionals.
Insurance
SafetyWing
Health insurance built for nomads. Global coverage starting at $45/mo with no commitment. Covers 180+ countries.
Banking
Wise (TransferWise)
Multi-currency account with real exchange rates. Hold 50+ currencies, get local bank details in 10 currencies, and send money internationally at the lowest fees.