Moving to Panama from Austria

moving to

What to Expect

Considering a move from Austria to Panama? Here's how the two compare on cost, climate, safety, and more.

If you moved from Austria to Panama, you would find that Panama is 30.1% cheaper than Austria overall. A €67,000 salary in Austria would need to be roughly PAB52,600 in Panama to maintain the same lifestyle, and you’d need to navigate life in Spanish. Expect a noticeable climate shift — Panama City averages 93°F vs 58°F in Vienna, making it significantly warmer.

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Is Panama cheaper than Austria?

How key spending categories compare

Restaurants

pay 47.1% less

Groceries

pay 10.3% less

Transportation

pay 39.5% less

Housing

pay 27.6% less

Childcare

pay 35.5% less

Entertainment and Sports

pay 34.6% less

See full cost of living breakdown
Exchange rate: 1 EUR = 1.12 PAB (October 2026)

Data: MyLifeElsewhere's crowdsourced cost of living database, with prices submitted and updated by users worldwide. Exchange rates are refreshed regularly from public sources.

What salary do you need in Panama?

What does your salary buy?

€67,000 → PAB52,600

To maintain the same standard of living in Panama

Calculate with your salary →

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Who Else Is Making This Move?

What the data shows about people moving from Austria to Panama.

Living there in 2020
129 ↑ 19% vs 2015

people born in Austria live in Panama · UN DESA

Who's moving to Panama?

Top countries of origin for Panama's foreign-born residents.

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

The numbers behind daily life in Panama compared to Austria.

Is it safe?

Homicide rate World Bank, 2023

per 100,000 people per year

AT
0.9
PA
11.7
Road traffic deaths United Nations SDG Indicators, 2021

per 100,000 people per year

AT
4.6
PA
7.3

Austria performs better than Panama across all safety metrics.

How's the healthcare?

Healthcare spending per person World Bank, 2024

annual government + private spending per person

AT
$8,250
PA
$3,318
Doctors per 10,000 people World Bank, 2023

affects wait times and access to care

AT
55.1
PA
16.2

Austria generally does better on health & wellbeing, though Panama leads in healthcare spending per person.

What about the environment?

Air pollution deaths United Nations SDG Indicators, 2019

deaths attributable to air pollution per 100k people

AT
17.0
PA
17.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

AT
6.3t
PA
2.7t

Austria generally does better on environment, though Panama leads in co₂ emissions per capita.

Will I have good infrastructure?

Broadband per 100 people World Bank, 2024

fixed broadband subscriptions — key for remote work

AT
30.1
PA
18.1
Water stress level World Bank, 2022

higher means greater strain on freshwater supply

AT
8.7%
PA
0.9%

Austria generally does better on infrastructure, though Panama leads in water stress level.

What are the job prospects?

Unemployment rate World Bank, 2025

percentage of the labour force without work

AT
5.6%
PA
8.4%
GDP per capita World Bank, 2025

a broad measure of economic output per person

AT
$62,930
PA
$19,790

Austria generally does better on employment & economy, though Panama leads in top income tax rate.

Is it good for families?

Life expectancy World Bank, 2024

average years of life at birth

AT
82.0 yrs
PA
79.8 yrs
Infant mortality World Bank, 2024

deaths per 1,000 live births — lower is better

AT
2.8
PA
12.0

Austria performs better than Panama across all family life metrics.

Sources: World Bank (2021–2025), United Nations SDG Indicators (2019–2021), World Health Organization (2024), Federal Ministry of Finance (2016), General Directorate of Revenues, Panama (2016). How we calculate this

Weather in Panama vs Austria

Monthly averages — select a city to compare.

Vienna Rain: 24.4 in/yr (620 mm)
58° / 44°F

Avg. annual high / low

Panama City Rain: 75.1 in/yr (1907 mm)
93° / 68°F

Avg. annual high / low

Months Vienna Panama City
Jan–Mar 43°/31°F (6°/0°C) 94°/65°F (34°/18°C)
Apr–Jun 67°/50°F (20°/10°C) 94°/69°F (35°/21°C)
Jul–Sep 75°/58°F (24°/14°C) 92°/70°F (34°/21°C)
Oct–Dec 48°/37°F (9°/3°C) 91°/68°F (33°/20°C)
View all months
Month Vienna Panama City
Jan 37°/28°F (2.9°/-2.0°C) 92°/65°F (33.4°/18.5°C)
Feb 41°/30°F (5.1°/-0.9°C) 94°/65°F (34.2°/18.4°C)
Mar 51°/36°F (10.3°/2.4°C) 95°/65°F (34.8°/18.4°C)
Apr 59°/42°F (15.2°/5.8°C) 96°/67°F (35.4°/19.5°C)
May 69°/51°F (20.5°/10.5°C) 94°/70°F (34.5°/21.1°C)
Jun 74°/56°F (23.4°/13.5°C) 93°/70°F (33.8°/21.3°C)
Jul 78°/60°F (25.6°/15.4°C) 93°/70°F (33.9°/21.0°C)
Aug 78°/60°F (25.4°/15.3°C) 93°/70°F (33.9°/20.9°C)
Sep 69°/53°F (20.3°/11.7°C) 91°/70°F (32.9°/21.0°C)
Oct 58°/45°F (14.2°/7.0°C) 91°/69°F (32.6°/20.8°C)
Nov 46°/36°F (7.5°/2.4°C) 91°/69°F (32.9°/20.3°C)
Dec 39°/31°F (4.0°/-0.5°C) 92°/67°F (33.3°/19.2°C)

Data: GeoSphere Austria GeoSphere Austria, IMHPA - Instituto de Meteorología e Hidrología de Panamá IMHPA - Instituto de Meteorología e Hidrología de Panamá

Can you move from Austria to Panama?

Short-stay tourist visa rules between Austria and Panama. To live, work, or study long-term in Panama, you'll need a separate residence or work visa — check Panama's immigration authority.

Austria passport

Austria passport holder visiting Panama

Visa Free
Austria passport holders can enter Panama without a visa.
Panama passport

Panama passport holder visiting Austria

Visa Free
Panama passport holders can enter Austria without a visa.

Data: Henley Passport Index. Check with the destination country's embassy for the most current requirements.

Frequently Asked Questions

Is it cheaper to live in Panama than Austria?

On average Panama is about 30% less expensive than Austria, with major cities narrowing the gap.

How much money do I need to move to Panama?

Budget about PAB13,150 for 3 months in Panama (based on a €67,000 comparable annual salary), then add the one-off costs: flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Panama?

Connectivity is usually fine (Panama: 18.1 fixed broadband per 100). What actually decides it is legal: does Panama offer a digital nomad visa, will your employer permit overseas work, and where are you tax-resident?

Is Panama safe for expats?

Austria performs better than Panama across all safety metrics. The homicide rate in Panama is 11.7 per 100,000 people, compared to 0.9 in Austria.

How is healthcare in Panama compared to Austria?

Austria generally does better on health & wellbeing, though Panama leads in healthcare spending per person. There are 16.2 doctors per 10,000 people in Panama, compared to 55.1 in Austria. Panama scores 78 on the WHO universal health coverage index (Austria: 85).

What's the weather like in Panama compared to Austria?

The average high temperature in Panama City is 93°F, compared to 58°F in Vienna. Panama City receives around 75.1 in of rainfall per year, while Vienna gets 24.4 in.

What language do they speak in Panama?

The official language in Panama is Spanish. In Austria, the official language is German.

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At a Glance

AT PA
Population 9,208,163 4,571,189
Currency Euro (€) Panamanian Balboa (PAB)
Languages German Spanish
Driving side Right Right
Calling code +43 +507
Time zones 1 1
Emergency number 112 911