🇵🇦 Buy Property in Panama City, Panama
199 properties from $110K to $2000K
Median Price
$465K
Avg Size
6073 m²
Most Common
apartment
Listings
199
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.
199 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
40-60% less than US major cities. Panama City runs $1,500-2,500/mo; countryside is much cheaper. The US dollar is legal tender (the Balboa is pegged 1:1).
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