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Panama, Panama City
Overview

Panama, Panama CityCity Description: Panama City is the capital and largest city of the Republic of Panama.

Economy: Panama City has more than 80 banks, more than 15 of them being national. The city also boasts several tourist attractions, and is a stopover for other nearby destinations in the country as well as a tourist destination in its own right.

Major Languages: Spanish, English.

Major Religions: Christianity.

Population: 1.3 Mil (2013 est.).

Currency: Panamanian Balboa (PAB)

Inflation: 3.9% (2013 est.).


Cost Of Living

The cost of living for expatriates in Panama City is low in comparison to other places in the world.


In Panama City, the cost of each basket, based on each baskets cost of living index (only available to subscribers), is categorized follows:
1) Alcohol (where available) & Tobacco: Very Low
2) Clothing: Average
3) Communication: Very Low
4) Education: Very Low
5) Furniture & Appliances: High
6) Groceries: Low
7) Healthcare: Low
8) Household Accommodation: Average
9) Miscellaneous: Average
10) Personal Care: Low
11) Recreation & Culture: Low
12) Restaurants Meals Out and Hotels: Average
13) Transport: Very Low

Panama City is ranked as a some hardship location.


Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered.

Reference
The information on this page is updated quarterly using data collected over the previous 12 months. Premium data such as the cost of living indexes for all 13 baskets for each location, hardship premiums and salary comparisons are only available to registered users using the Mobility Calculators.

Published by Xpatulator.com on 1 July 2014.

Want to know more about the cost of living in Panama City? Calculate how much you need to earn in Panama City to have the same spending power that you have now. To get started, Register, subscribe to the locations you are interested in (7 days or 1 year), and run any of the following calculators, as many times as you like, for the duration of your subscription:

Salary Purchasing Power Parity Calculator: For the calculation of salaries with equivalent purchasing power for similar positions based in different geographic locations.

Cost of Living Allowance Calculator: For calculating cost of living allowances for short-term assignments.

Cost of living Index Calculator: For the calculation of multiple host location cost of living indexes using your selected home base.

International Assignment Management Calculator: For the calculation of an expatriate assignment package using the build-up approach.


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