🇵🇦 Buy Property in Panama City, Panama
7,586 properties from $50K to $7000K
Median Price
$299K
Avg Size
861 sq ft
Listings
7,586
About Panama City
The US dollar is the currency here, which eliminates exchange rate headaches entirely -- and living costs run 35-50% less than comparable US cities. Modern high-rises in neighborhoods like Punta Pacifica and Costa del Este feel like Miami, with US-trained doctors and familiar American chains everywhere. One of the easiest residency programs in the world (Friendly Nations visa), though traffic is brutal and the humidity is relentless.
7,586 Listings in Panama City
Living in Panama City
What American expats need to know about Panama
Visa
Friendly Nations Visa — available to US citizens with professional/economic ties to Panama. Requires employment, $200,000 real estate investment, or $200,000 bank deposit. Grants 2-year provisional residency, then permanent. Pensionado Visa — for retirees with $1,000+/mo pension, extensive senior discounts on flights, restaurants, and utilities.
Cost of Living
Excluding rent, a single person needs ~$750 USD/mo; a family of four ~$2,650 USD/mo. Rent (1-bed, city center): Panama City ~$1,200, Coronado ~$850, Boquete ~$700, David ~$500. Groceries run $6-10/day per person. Overall 40-55% below US major cities; uses USD so zero FX risk.
Key Fact
Panama uses the US dollar, has no income tax on foreign-earned income, and offers a Pensionado program with extensive senior discounts (flights, restaurants, utilities). It is the most tax-friendly destination on this list for US expats.
Life in Panama
Morning coffee overlooking the Pacific, an afternoon thunderstorm that resets the heat, and the strange comfort of paying for everything in dollars while howler monkeys scream from the trees.
Other Cities in Panama
Explore more property markets across Panama