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Pros and Cons of Living in Panama | Expat Exchange
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Bocas del Toro, Panama

Pros and Cons of Living in Panama

By Joshua Wood, LPC

Last updated on Apr 26, 2024

Summary: The pros of living in Panama include its tropical climate, its diverse culture, its low cost of living, and its excellent infrastructure. Panama also offers a wide range of outdoor activities, from surfing to hiking, and its location makes it a great place to explore Central America. On the other hand, the cons of living in Panama include its high crime rate, its lack of reliable public transportation, and its limited job opportunities. Additionally, Panama's healthcare system is not as advanced as other countries, and its political system is often unstable.

Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama

What are the pros and cons of living in Panama?

Expats, digital nomads and retirees living in Panama responded:

"I love he town I live in. It's small but in close proximity to neighboring towns with many dining and shopping options. We are very happy with where we live. There is a good doctor in our neighboring town that speaks English and has specialists come into his office for easy access to people in our area. For more specialized medical procedures, Panama City has many private hospitals with excellent reputations and specialists in every field. We are about an hour from Panama City so access is not very difficult. I do have minor concerns about what would happen if I had a major medical emergency (heart attack, stroke) but I don't worry about it. Our philosophy is to deal with things as they arise. Maybe not the best approach, but our approach," remarked one expat in Nueva Gorgona.

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Business Panama GroupBusiness Panama Group
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The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.

Click connect to have our partner contact you via e-mail and/or phone.

Business Panama GroupBusiness Panama Group

The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.
Connect

Click connect to have our partner contact you via e-mail and/or phone.

What do expats in Panama appreciate most about the local culture?

"The food. The appreciation for and enjoyment of everyday life and family. They are not as driven by the dollar as people in the USA. Their many celebrations and traditions and their enjoyment of them," said one expat in Nueva Gorgona.

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Business Panama Group

The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

Business Panama Group

The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

What do expats find most challenging?

"Learning that now actually means later, that pinning down someone to a specific time is almost impossible. That this is a nation of many first generation drivers, that there is very little "do it yourself ability here". Maintenance is not something that most people see the point in doing. Fast service with a smile almost doesn't exist. Most stores have no idea what they have in inventory and the process of giving them money for goods is cumbersome and painful. Although labor costs are low, mandatory benefits are extensive, for example one month of paid vacation annually, an extra month of pay every year, 14 legal holidays, 25% contribution to social security with no cap. There is an absolute inability to give directions. Most people are patient to a fault," said a person living in Santiago.

"The difference in attitude regarding such things as appointment times - even if you agree to meet at a specific day and time, if a Panamanian has a family event, another appointment or just decides not to come, they may show up an hour or two late or the next day. You need to be prepared to schedule and re-schedule without getting too frustrated," explained one expat living in Boquete.

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About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Bocas del Toro, Panama

Business Panama Group
Business Panama Group

Business Panama Group, with 20 years of experience, plays a pivotal role in promoting and facilitating investments, real estate, and tourism ventures in Panama.
Learn More

Business Panama GroupBusiness Panama Group

Business Panama Group, with 20 years of experience, plays a pivotal role in promoting and facilitating investments, real estate, and tourism ventures in Panama.
Learn More

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Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama

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