Moving to Panama from Minnesota

moving to

What to Expect

A comprehensive look at what changes when you move from Minnesota to Panama — from daily expenses to quality of life.

If you moved from Minnesota to Panama, you would find that Panama is 31.1% cheaper than Minnesota. A $75,000 salary in Minnesota would need to be roughly PAB59,129 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 56°F in Saint Paul, making it significantly warmer.

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How Far Will Your Money Go?

How your spending power changes when you relocate from Minnesota to Panama.

What does your salary buy?

$75,000 PAB59,129

To maintain the same standard of living in Panama

Calculate with your salary →

The biggest cost differences at a glance

Restaurants

pay 42.5% less

Groceries

pay 15.8% less

Transportation

pay 10.4% less

Housing

pay 35.5% less

Childcare

pay 64.8% less

Entertainment and Sports

pay 42.1% less

See full cost of living breakdown
Exchange rate: 1 USD = 1.0 PAB (July 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.

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Who Else Is Making This Move?

Real numbers on people moving from Minnesota to Panama, and how the trend has changed.

Living there in 2020
16,867 ↑ 20% vs 2015

people born in United States 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

How Minnesota and Panama stack up on safety, healthcare, jobs, and infrastructure.

How's the healthcare?

Adult obesity rate Centers for Disease Control and Prevention (PLACES), 2022

share of adults with obesity

MN
33.9%
PA
22.7%

Panama performs significantly better than Minnesota across all health & wellbeing metrics.

Will I have good infrastructure?

Internet access US Census Bureau (American Community Survey), 2023

share of households with internet

MN
91.0%
PA
68.0%

Minnesota performs better than Panama across all infrastructure metrics.

What are the job prospects?

Unemployment rate Bureau of Labor Statistics, 2025

percentage of the labour force without work

MN
4.3%
PA
6.7%
GDP per capita Bureau of Economic Analysis, 2024

a broad measure of economic output per person

MN
$68,478
PA
$35,800

Minnesota performs better than Panama across all employment & economy metrics.

Is it good for families?

Life expectancy OECD Regional Demography, 2022

average years of life at birth

MN
79.1 yrs
PA
77.6 yrs

Minnesota performs better than Panama across all family life metrics.

Data: Bureau of Economic Analysis, Bureau of Labor Statistics, Centers for Disease Control and Prevention (PLACES), OECD Regional Demography, US Census Bureau (American Community Survey)

What's the Climate Like?

Monthly averages — select a city to compare.

Saint Paul Rain: 28.5 in/yr (724 mm)
56° / 38°F

Avg. annual high / low

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

Avg. annual high / low

Months Saint Paul Panama City
Jan–Mar 32°/16°F (0°/-9°C) 94°/65°F (34°/18°C)
Apr–Jun 69°/50°F (21°/10°C) 94°/69°F (35°/21°C)
Jul–Sep 79°/60°F (26°/16°C) 92°/70°F (34°/21°C)
Oct–Dec 43°/27°F (6°/-3°C) 91°/68°F (33°/20°C)
View all months
Month Saint Paul Panama City
Jan 25°/9°F (-4.1°/-12.6°C) 92°/65°F (33.4°/18.5°C)
Feb 30°/14°F (-1.3°/-9.9°C) 94°/65°F (34.2°/18.4°C)
Mar 42°/26°F (5.5°/-3.6°C) 95°/65°F (34.8°/18.4°C)
Apr 58°/39°F (14.7°/3.9°C) 96°/67°F (35.4°/19.5°C)
May 70°/50°F (21.2°/10.0°C) 94°/70°F (34.5°/21.1°C)
Jun 79°/60°F (26.0°/15.4°C) 93°/70°F (33.8°/21.3°C)
Jul 83°/65°F (28.5°/18.1°C) 93°/70°F (33.9°/21.0°C)
Aug 81°/62°F (27.1°/16.8°C) 93°/70°F (33.9°/20.9°C)
Sep 72°/53°F (22.2°/11.7°C) 91°/70°F (32.9°/21.0°C)
Oct 59°/40°F (14.8°/4.7°C) 91°/69°F (32.6°/20.8°C)
Nov 42°/28°F (5.6°/-2.4°C) 91°/69°F (32.9°/20.3°C)
Dec 28°/14°F (-2.5°/-10.1°C) 92°/67°F (33.3°/19.2°C)

Data: National Weather Service National Weather Service, IMHPA - Instituto de Meteorología e Hidrología de Panamá IMHPA - Instituto de Meteorología e Hidrología de Panamá

Visitor Visa Requirements

Short-stay tourist visa rules between United States 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.

United States passport

United States passport holder visiting Panama

Visa Free
United States passport holders can enter Panama without a visa.
Panama passport

Panama passport holder visiting United States

Visa Required
Panama passport holders need a visa to enter United States.

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 Minnesota?

Generally yes: Panama runs about 21% cheaper than Minnesota on average, though it depends heavily on the city.

How much money do I need to move to Panama?

A safe rule of thumb is 3 months of local expenses plus relocation costs. On a $75,000 comparable salary, that's around PAB14,782 in Panama for everyday spending, before flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Panama?

Working remotely from Panama's major cities is generally feasible. The legal layer matters more — visa category, employer policy on overseas employees, and tax residency in Minnesota and Panama.

How is healthcare in Panama compared to Minnesota?

Panama performs significantly better than Minnesota across all health & wellbeing metrics.

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

The average high temperature in Panama City is 93°F, compared to 56°F in Saint Paul. Panama City receives around 75.1 in of rainfall per year, while Saint Paul gets 28.5 in.

What language do they speak in Panama?

The official language in Panama is Spanish. In Minnesota, the official language is English.

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At a Glance

PA
Population 5,303,925 4,337,768
Currency United States Dollar ($) Panamanian Balboa (PAB)
Languages English Spanish
Driving side Right Right
Calling code +1 +507
Time zones 11 1
Emergency number 911 911