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Living a College Town Lifestyle in Panama City, PANAMA

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Where to Retire in Panama City and Home Prices

Panama City is made up of many neighborhoods where you can find homes with many different architectural styles, along with townhouses, villas and condos priced under $100,000. The average single family home price in Panama City is in the mid $400's. The more modern areas of the city have many high-rise buildings with apartment rentals, or you can also find a nice home in the center of the city for over $1,000,000. Nearby cities like Balboa or smaller developments like Cocoli offer additional options. Building a home here is less expensive than in the U.S. and with low property taxes.

What is special about Panama City

Panama City is an economic and cultural hub of Panama. It has hundreds of historical sites, restaurants, and museums.

What is not special about Panama City

Panama City has a tropical climate with many rainy and cloudy days.

Climate and Physical Environment

Because Panama City has a tropical climate, it receives about 75 inches of precipitation annually. The wet season lasts from May to December, with temperatures about 80 degrees throughout the year.

Restaurants & Cultural Scene

There are many restaurants and historical sites located here, and museums that pertain to the construction of the Panama Canal. The city's nightlife is centered in Calle Uruguay and Casco Viejo neighborhoods, along with Amador Causeway, a newer tourist area.

Crime

The crime rate in Panama City is called "moderate", and most crimes pertain to personal property such as homes and cars.

Medical facilities

There are many hospitals and medical facilities in Panama City. Expats find that health care is much less than in the U.S., and Panama is considered a hot spot for medical tourism due to its low cost, professional care, and it's not a bad place to recuperate.

Transportation

The city offers bus transportation and taxis and the citywide Panama Metro. Panama's International airport is located in Panama City's outskirts along with two other airports that were previously used by the Air Force Bases that were once located here.

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