Living in Panama

Living in Panama

Panama, strategically located in the heart of Central America, is a country blessed with biodiversity and natural beauty.

Living in panama, with picturesque landscapes, dreamy beaches, and lush rainforests are home to a wide variety of flora and fauna.

Alongside its natural wealth, Panama’s weather plays a crucial role in shaping this unique ecosystem. In this article, we will explore what the weather is like in Panama and how it influences the lives and culture of its people.

Languages spoken in Panama

Spanish is the official language of Panama and serves as the primary means of communication for the majority of the population.

English is widely understood, especially in urban centers and tourist hotspots, owing to the historical influence of the Panama Canal which makes living in Panama a good option for English speakers compared to other countries in Central and Latin America. 

This bilingualism opens doors for communication and cultural exchange, making it easier for international visitors to immerse themselves in the local culture.

In addition to Spanish, several indigenous languages thrive in Panama’s remote regions. The Ngäbere, Emberá, Kuna, and other indigenous groups proudly preserve their ancestral languages, demonstrating a profound connection to their heritage and identity. Engaging with these communities provides an invaluable chance to experience the living legacy of Panama’s earliest inhabitants.

Panama's legal currency

The legal tender in Panama is the U.S. dollar, also has the Balboa (local currency) which has its maximum denomination in coins of 1 Balboa and the exchange rate is 1 to 1 with the U.S. dollar, something to take into account living in Panama since inflation is minimal and trade is open worldwide. 


Certainly! Panama is a country located in Central America, bordered by Costa Rica to the west and Colombia to the east. It is an isthmus that connects North and South America, making it a strategic location for travel and trade.

If you’re flying from the United States to Panama, there are direct flights available from several major U.S. cities, including Miami, Houston, Atlanta, and New York. The flight duration can vary depending on your departure city, but it typically ranges from 2.5 to 5 hours.

If you’re flying from Canada, you can also find direct flights from major Canadian cities such as Toronto and Montreal. The flight duration from Canada to Panama is usually around 6 to 8 hours.


Instead of the classical four seasons, Panama is characterized by two main seasons: the dry season and the rainy season.

Dry Season:

The dry season in Panama typically extends from December to April. During this period, days are sunny, and rainfall is scarce. Temperatures usually range between 25°C and 30°C (77°F - 86°F), providing a warm and pleasant climate.

Rainy Season:

The rainy season spans from May to November. During this period, rainfall is more abundant, and days can be a mix of sunshine, heavy showers, and brief afternoon storms. Temperatures during the rainy season are slightly cooler, ranging from 20°C to 27°C (68°F - 81°F).

Regional Differences

Despite its relatively small size, Panama exhibits significant climatic variations across its regions.

Caribbean Coast:

The Panamanian Caribbean coast experiences a more humid and rainy climate throughout the year. Precipitation is more abundant compared to the Pacific region.

Pacific Coast:

The Pacific coast enjoys a drier and sunnier climate during the dry season. However, during the rainy season, rainfall is more frequent and substantial.


The highlands of Panama, such as Boquete and El Valle de Antón, offer a cooler climate due to the higher altitude. Temperatures in these regions are generally mild and pleasant throughout the year, making them popular destinations for nature lovers and adventure seekers who love living in panama.

Tropical Biodiversity

Panama's diverse weather patterns contribute to its exceptional biodiversity.

The combination of sunshine and rainfall throughout the year creates the perfect conditions for the growth of lush rainforests, teeming with an array of plant and animal species.

From colorful toucans and sloths to vibrant orchids and towering trees, Panama’s weather nurtures an ecosystem unlike any other.

The Cost of Living in Panama:

A Tropical Paradise That Won't Break the Bank.

Beyond its breathtaking landscapes and thriving tourism industry, the cost of living in panama also is attractive and has drawn the attention of expats and retirees from around the globe. In this article, we will explore the factors that contribute to the affordable cost of life in Panama and why it’s becoming an increasingly popular destination for those seeking a balance between quality of life and financial stability.

Affordable Housing Options

One of the key factors that make Panama an appealing destination for expatriates is its affordable housing options.

 Whether you prefer the hustle and bustle of city life in Panama City or the laid-back ambiance of beach towns like Bocas del Toro, when you are living in panama find a range of choices to suit every lifestyle and budget. Rental prices are generally reasonable, particularly when compared to major urban centers in North America and Europe. Additionally, property taxes are relatively low, making homeownership an attainable dream for many.

Real estate rental prices

In Panama City in a safe, nice and pleasant area you can find 2 bedroom homes for rent starting at $600 per month.

In cities ideal for retirees such as David, Boquete, Volcan, El valle de anton and Coronado you can find homes for rent starting at US$500  per month.

Price of utilities in Panama

  • Home Internet averages US$30 per month.
  • Gas is generally included in the monthly rental cost.
  • The payment for water supply for a 3-bedroom apartment where 4 people live is about 15 US$ per month.
  • Cable TV with all premium channels plus high speed internet costs between US$50 and US$99 per month.
  • Electricity for a 2-bedroom apartment using air conditioning 10 hours a day costs an average of US$70 per month.
  • Internet for smartphones costs an average of 22 US dollars and generally includes some minutes to call locally.

Groceries and Dining Out

When you are living in Panama can find a wide variety of food options, from local markets brimming with fresh produce to international supermarkets stocked with familiar brands

Generally, the cost of groceries is affordable, and cooking at home can be an economical option. For those who enjoy dining out, Panama’s restaurants and eateries cater to all budgets. Whether you crave local delicacies or international cuisines, you’ll find many wallet-friendly options to choose from.

RibaSmith supermarket is a renowned chain that has branches all over the country, where you can find both local and imported products for daily consumption.

The San Felipe market in Panama is for those who want to buy products fresh from the land, sea or farm, a more organic alternative to the big supermarket chains.

Price of the basic food basket in Panama

In Panama the government has regulated the price of 72 foods that make up the basic food basket, making it accessible to the entire population, which places the price of the basic food basket at 285 USD$. 

Taking into account that these products are very specific and do not include imported products or premium meats, food in Panama is still much cheaper than in the United States, Canada and Europe.

In addition, when you ars living in Panama will realize that this country is a producer of high quality meats, fruits and vegetables.

For a better reference of food prices we suggest you visit the page of the supermarket chain “El machetazo” on line at this link.

For a better reference you can see the online food prices at COSTO (in Panama it is called PriceSmart) at the following link

Entertainment and Recreation

Living in Panama doesn't mean sacrificing your social life or leisure activities.

The country provides an array of entertainment options that won’t break the bank. From exploring lush rainforests and pristine beaches to participating in local festivals and cultural events, there is always something exciting to do. Additionally, internet and communication services are reasonably priced, ensuring that you can stay connected with loved ones around the world without a hefty bill.

It should be noted that according to the law, retired residents living in Panama have discounts on food, medicine, hotels, theaters, sporting events and more.

Panama offers a unique blend of affordable living and abundant natural beauty, making it an attractive destination for expats and retirees alike. With its affordable housing, accessible healthcare, economical transportation, reasonably priced groceries, and diverse entertainment options, Panama provides an enviable quality of life without the high costs associated with other popular expat destinations.

However, as with any major life decision, it’s essential to conduct thorough research and consider various factors before making the move.

Understanding the local culture, language, and legal requirements are crucial for a successful transition to life in Panama. By planning wisely and embracing the adventure, you can enjoy the many benefits of Panama’s low cost of living and make the most of your life in this tropical haven.

Accessible Healthcare

Panama boasts a well-developed healthcare system that is both affordable and of high quality.

Medical facilities, particularly in urban areas, are equipped with modern equipment and staffed by trained professionals.

Expats can choose between private health insurance plans or opt for the country’s public healthcare system, which is remarkably cost-effective.

Prescription medications are also reasonably priced, making healthcare accessible to all, including retirees looking for affordable healthcare options.

In Panama there are first world private hospitals which have medical specialists graduated from the best universities in the world capable of performing any medical procedure with leading edge technology.

Also in Panama City, the Santa Fe hospital offers private insurance plans starting at US$90 per month to retired adults.

It should be noted that according to the law, retired residents in Panama have discounts on food, medicine, hotels, theaters, sporting events and more.

Economical Transportation

Getting around in Panama is relatively easy and budget-friendly.

The country has a well-maintained network of public transportation, including buses, which offer affordable fares for both short and long-distance travel. Taxis are also readily available and reasonably priced in urban areas. For those who prefer to drive, purchasing a car in Panama is relatively inexpensive, and fuel costs are generally lower compared to many Western countries.

The city of Panama has a subway, a train that moves its inhabitants in the main city center and its surroundings, the prices per trip are from 0.35 to 0.50 cents.

Cabs in Panama by law are yellow and have their license plates displayed on the doors, prices range from 1 US dollar per way and up, and can go up depending on the distance traveled.

Transportation apps like uber are popular in Panama and the prices for rides are cheaper than in the US and Europe, you can even use your own uber account from your country to request one here.

We are a team of relocation specialists in Panama.

We have English speaking lawyers and real estate executives that will help you settle safely and securely in the best locations for foreign retirees all over the country.

Visit us

Our main office is in Panama City, Century Tower building, office 16-09.

Reach us

You can write us by mail here and we will answer your inquiry as soon as possible.

We also have personalized advice, you can schedule a video call on the date and time that suits you in this link:

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