Michael Cruz living Apr 5, 2026

The unemployment rate is 2.7%, which is pretty low. Household incomes average around $61,125 in Panama City. Poverty rate is 14.2%, which is around average. Crime rate is something to consider -Panama City sits at 612.9 per 100K. Cost of living is definitely rising, but still manageable. The parks and outdoor areas are a huge plus. I'd say it's better for families than young singles. Is this normal for Panama City? It's a very car-dependent city, for better or worse. Downtown has improved a lot in recent years. The city has invested a lot in new development. Traffic can be rough during rush hour, no sugarcoating that. Cost of living is definitely rising, but still manageable. Night life is decent if you know the right spots.

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