International Cost of Living Calculators

We provide international cost of living and hardship data so that you can create reports online (24X7) using any of the calculators:

Expat Salary: Detailed international cost of living and salary comparison.

Cost of Living Comparison: Determines allowance based on cost of living difference.

International Cost of Living Index: COLI's for multiple locations using home base.

International Assignment: Global Mobility using build-up approach.

Hypothetical Tax: Effective tax rate for any country in the world.

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Mobility Calculators

Do you need a Cost of Living Comparison Calculator?

The global cost of living calculators have been created to compare the cost of living in every country and major city in the world, to help you manage short and long term assignments (page down for a description of each cost of living calculator):

Cost of Living Allowance
Cost of Living Index
International Assignment Management
Salary Purchasing Power Parity
Hypothetical Tax Calculator
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International Cost of Living Calculator Pricing

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Articles & Rankings

Cost of Living Articles and Rankings

-International City Cost of Living Rankings

-Regional Cost of Living Rankings (Africa;
America; Asia Pacific; Europe; Middle East)

-Latest Inflation Rates around the world

-Latest Personal Income Tax Rates

-Cost of Living Rankings by Basket

-Articles related to cost of living
and expatriate life

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Cost of Living Reviews

Cost of Living Reviews by City and Country for 780 International Locations

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Panama, All Areas

Panama, All AreasPanama is in Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica. The climate is tropical maritime, hot, humid and cloudy with a prolonged rainy season (May to January), and a short dry season (January to May).

The official language is Spanish. In Panama City and Colón, most Panamanians speak English, which is widely used in business circles. The country's indigenous languages such as Kuna and Ngöbe-Buglé are well preserved and mainly spoken in rural areas. The main religion is Christianity.

The Economy of Panama is free market economy with a history of low inflation. It is based mainly on the services industry, heavily weighted toward banking, commerce, and tourism.

North American business practices heavily influence the business culture. Expatriate business dress is conservative in the form of a suit for meetings.

The security risk for expatriates in Panama is low, but medium for Colón and high for Darién. Risks include petty, street, and violent crime, with kidnapping being a high risk in Darién.

The currency of Panama is the Panamanian Balboa (PAB). ATMs are widely available and most international cards are accepted.

Medical facilities in Panama City are generally good, but elsewhere are limited. Cases of Zika virus and Chikungunya virus have been reported. Malaria and dengue fever are common.

The population of Panama is 4 Million (2019 est.), while the inflation rate (CPI) is -0.3% for Panama as at July 2019.

Xpatulator Hypothetical Tax for Panama is based on the current personal income tax rates which are progressive up to 25%.

Cost Of Living

The cost of living for expatriates / professional migrants in Panama as at 1 July 2019 is high in comparison to other places in the world.

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

Panama is for example 1.6% more expensive than USA for groceries, 16.1% more expensive for household costs than UK, and 45.6% more expensive for transport costs than India.

Panama is ranked as a some hardship location.

The hardship premium for Panama for an expat from Australia, is for example 10%, i.e. host location (Panama) premium of 20% minus home (Australia) location premium of 10%.

Want to know more about cost of living, hardship (quality of living) or expat salary in Panama? Register subscribe to your home location and Panama and run your personalised reports.