The cost of living in the United States is 86% more expensive than in Panama. Where you sit miles away from the hustle and bustle of the rat race and live a good life, pure and simple. In part, that's because Panama is a land of opportunity, and locals striving to improve their fortunes can go far. When comparing the average cost of living in Panama to that of any other similar place in the United States, the difference is staggering.
Although the tourism industry has been growing, Panama has traditionally been known as a business destination. In Panama, any retired resident who is 60 years old for men and 55 for women is entitled to a series of special discounts. Panamanians are used to foreigners and have been so since before the Panama Canal ended in 1914. The average post-tax wage is enough to cover living expenses for 0.7 months in Panama, compared to 1.9 months in the United States. If you plan to do business while in Panama, check the official list of holidays before scheduling your trip.
Panama City offers first-rate medical facilities, equipment and well-trained doctors in all areas of medicine. In Panama City, you can take the new, clean, air-conditioned subway to cross the city for less than a dollar. But if you're looking for that Californian lifestyle complete with great weather, beaches, food, and amenities, Panama may be the best option. Panama ranked 53rd compared to 7th in the United States on the list of the most expensive countries in the world.
However, savings in other areas, especially taxes, healthcare and insurance in Panama, will still put you at the forefront. Panama offers freedom and stability in important areas, from a business-friendly and foreigner-friendly government to the real estate market and a solid and growing economy. We calculated the prices of Panama and the United States as a weighted average per population of 10 and 2202 cities, respectively. In more remote areas, there are local clinics where you will often find doctors visiting hospitals.
of Panama City.
