NUMBEO

Property Prices in Panama City, Panama

Index Info
Price to Income Ratio: 11.75
Mortgage as Percentange of Income: 93.55%
Loan Affordability Index: 1.07
Price to Rent Ratio - City Centre: 10.39
Price to Rent Ratio - Outside of Centre: 10.69
Gross Rental Yield (City Centre): 9.63%
Gross Rental Yield (Outside of Centre): 9.35%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,004.35 $ 750.00-1,250.00
Apartment (1 bedroom) Outside of Centre 616.67 $ 450.00-900.00
Apartment (3 bedrooms) in City Centre 1,730.00 $ 1,400.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,209.78 $ 800.00-1,800.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 207.37 $ 148.64-260.13
Price per Square Feet to Buy Apartment Outside of Centre 139.07 $ 92.90-167.22
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 793.73 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.07 4.50-5.50

These data are based on 160 entries in the past 18 months from 25 different contributors.
Last update: August 2018

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2 Comments so far

#live_panama on Mar 09, 2015 :
Apartment prices are more than that... Difficult to find a good 1br rental for less than 1,300usd in a good area. Square meter in good areas are about 2,200usd.
Panama City lacks infrastructure and definitely is not as cheap as before.
#barbara on Sep 05, 2014 :
Need to upgrade your cost of living for people with a income from 870.00 to 950.00. let people know if its worth going there to live. Also how much are apartment in that range.

Thank- you