Moving to Panama from Singapore

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What to Expect

Everything you need to know before relocating from Singapore to Panama — costs, safety, healthcare, and practical first steps.

If you moved from Singapore to Panama, you would find that Panama is 32.9% cheaper than Singapore overall. A SGD95,760 salary in Singapore would need to be roughly PAB26,260 in Panama to maintain the same lifestyle, and you’d need to navigate life in Spanish. You’ll also switch from driving on the left to the right.

How Far Will Your Money Go?

What to expect for your wallet after moving from Singapore to Panama.

What does your salary buy?

SGD95,760 PAB26,260

To maintain the same standard of living in Panama

Calculate with your salary →

Where you'll feel the difference day-to-day

Restaurants

pay 4.5% less

Groceries

pay 18.3% less

Transportation

pay 25.9% less

Housing

pay 33.3% less

Childcare

pay 69.3% less

Entertainment and Sports

pay 52.2% less

See full cost of living breakdown
Exchange rate: 1 SGD = 0.7832 PAB (June 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?

How many people actually move from Singapore to Panama, based on official data.

Living there in 2020
55 ↑ 20% vs 2015

people born in Singapore 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

Key indicators for anyone considering a move from Singapore to Panama.

Is it safe?

Homicide rate United Nations SDG Indicators, 2022

per 100,000 people per year

SG
0.1
PA
11.3
Road traffic deaths United Nations SDG Indicators, 2021

per 100,000 people per year

SG
1.9
PA
7.3

Singapore performs better than Panama across all safety metrics.

How's the healthcare?

Healthcare spending per person World Bank, 2023

annual government + private spending per person

SG
$6,551
PA
$3,318
Doctors per 10,000 people United Nations SDG Indicators, 2021

affects wait times and access to care

SG
26.0
PA
17.3

Singapore 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

SG
23.0
PA
17.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

SG
9.8t
PA
2.7t

Panama performs significantly better than Singapore across all environment metrics.

Will I have good infrastructure?

Broadband per 100 people United Nations SDG Indicators, 2022

fixed broadband subscriptions — key for remote work

SG
37.7
PA
15.5
Water stress level United Nations SDG Indicators, 2021

higher means greater strain on freshwater supply

SG
83.1%
PA
0.9%

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

What are the job prospects?

Unemployment rate The World Factbook, 2023

percentage of the labour force without work

SG
3.5%
PA
6.7%
GDP per capita The World Factbook, 2023

a broad measure of economic output per person

SG
$127,500
PA
$35,800

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

Is it good for families?

Life expectancy The World Factbook, 2022

average years of life at birth

SG
86.3 yrs
PA
77.6 yrs
Infant mortality The World Factbook, 2022

deaths per 1,000 live births — lower is better

SG
1.6
PA
16.4

Singapore generally does better on family life, though Panama leads in education spending.

Data: Inland Revenue Authority of Singapore, The World Factbook, United Nations SDG Indicators, World Bank

What's the Climate Like?

Monthly averages — select a city to compare.

Singapore Rain: 83.2 in/yr (2113 mm)
89° / 77°F

Avg. annual high / low

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

Avg. annual high / low

Months Singapore Panama City
Jan–Mar 89°/76°F (31°/25°C) 94°/65°F (34°/18°C)
Apr–Jun 90°/78°F (32°/26°C) 94°/69°F (35°/21°C)
Jul–Sep 89°/78°F (31°/25°C) 92°/70°F (34°/21°C)
Oct–Dec 88°/76°F (31°/25°C) 91°/68°F (33°/20°C)
View all months
Month Singapore Panama City
Jan 87°/76°F (30.6°/24.3°C) 92°/65°F (33.4°/18.5°C)
Feb 89°/76°F (31.5°/24.6°C) 94°/65°F (34.2°/18.4°C)
Mar 90°/77°F (32.2°/24.9°C) 95°/65°F (34.8°/18.4°C)
Apr 90°/78°F (32.4°/25.3°C) 96°/67°F (35.4°/19.5°C)
May 90°/78°F (32.3°/25.7°C) 94°/70°F (34.5°/21.1°C)
Jun 89°/78°F (31.9°/25.7°C) 93°/70°F (33.8°/21.3°C)
Jul 89°/78°F (31.4°/25.4°C) 93°/70°F (33.9°/21.0°C)
Aug 89°/78°F (31.4°/25.3°C) 93°/70°F (33.9°/20.9°C)
Sep 89°/77°F (31.6°/25.2°C) 91°/70°F (32.9°/21.0°C)
Oct 89°/77°F (31.8°/25.0°C) 91°/69°F (32.6°/20.8°C)
Nov 88°/76°F (31.2°/24.6°C) 91°/69°F (32.9°/20.3°C)
Dec 87°/76°F (30.5°/24.3°C) 92°/67°F (33.3°/19.2°C)

Data: Meteorological Service Singapore Meteorological Service Singapore, 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 Singapore 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.

Singapore passport

Singapore passport holder visiting Panama

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

Panama passport holder visiting Singapore

Visa Free
Panama passport holders can enter Singapore 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 Singapore?

Yes — Panama is on average about 65% cheaper than Singapore. City-level variation can be significant.

How much money do I need to move to Panama?

Plan for at least 3 months of living expenses — roughly PAB6,565 in Panama on a SGD95,760 comparable salary — plus one-off moving costs (flights, shipping, deposits, visa fees).

Can I work remotely from Panama?

Internet is rarely the blocker — Panama has 15.5 fixed broadband subscriptions per 100 people. The real questions are legal: digital nomad visa eligibility, your employer's overseas-work policy, and tax residency in both countries.

Is Panama safe for expats?

Singapore performs better than Panama across all safety metrics. The homicide rate in Panama is 11.3 per 100,000 people, compared to 0.1 in Singapore.

How is healthcare in Panama compared to Singapore?

Singapore generally does better on health & wellbeing, though Panama leads in healthcare spending per person. There are 17.3 doctors per 10,000 people in Panama, compared to 26.0 in Singapore. Panama scores 78 on the WHO universal health coverage index (Singapore: 89).

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

The average high temperature in Panama City is 93°F, compared to 89°F in Singapore. Panama City receives around 75.1 in of rainfall per year, while Singapore gets 83.2 in.

What language do they speak in Panama?

The official language in Panama is Spanish. In Singapore, the official languages are Chinese, English, Malay and Tamil.

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At a Glance

SG PA
Population 5,921,231 4,337,768
Currency Singapore Dollar (SGD) Panamanian Balboa (PAB)
Languages Chinese, English, Malay, Tamil Spanish
Driving side Left Right
Calling code +65 +507
Time zones 1 1
Emergency number 999 911