Moving to Panama from Venezuela
What to Expect
Considering a move from Venezuela to Panama? Here's how the two compare on cost, climate, safety, and more.
If you moved from Venezuela to Panama, you would find that Panama is 83.7% more expensive than Venezuela overall. A VEF750,000 salary in Venezuela would need to be roughly PAB138,000 in Panama to maintain the same lifestyle.
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How key spending categories compare
Restaurants
pay 5.6% less
Groceries
pay 25.0% more
Transportation
pay 8.5% more
Housing
pay 3.8 times more
Childcare
pay 3.4 times more
Entertainment and Sports
pay 46.8% more
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?
VEF750,000 → PAB138,000
To maintain the same standard of living in Panama
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Who Else Is Making This Move?
What the data shows about people moving from Venezuela to Panama.
Who's moving to Panama?
Top countries of origin for Panama's foreign-born residents.
-
1.119,553
Venezuela
- 50,702
- 22,427
- 16,867
- 15,517
- 9,711
Key Indicator Comparison
The numbers behind daily life in Panama compared to Venezuela.
Is it safe?
per 100,000 people per year
per 100,000 people per year
Panama performs significantly better than Venezuela across all safety metrics.
How's the healthcare?
annual government + private spending per person
affects wait times and access to care
WHO index from 0–100 measuring essential service access
share of adults with obesity
per 100,000 people — a proxy for mental health support
Venezuela generally does better on health & wellbeing, though Panama leads in health coverage index.
What about the environment?
deaths attributable to air pollution per 100k people
tonnes of CO₂ emitted per person per year
Panama performs significantly better than Venezuela across all environment metrics.
Will I have good infrastructure?
fixed broadband subscriptions — key for remote work
higher means greater strain on freshwater supply
annual consumption — reflects grid capacity
share of households with internet
Panama generally does better on infrastructure, though Venezuela leads in internet access.
What are the job prospects?
percentage of the labour force without work
a broad measure of economic output per person
the highest marginal rate on personal income
share of people below the poverty line
Panama generally does better on employment & economy, though Venezuela leads in unemployment rate.
Is it good for families?
average years of life at birth
deaths per 1,000 live births — lower is better
government spending on education as % of GDP
percentage of adults who can read and write
Panama generally does better on family life, though Venezuela leads in literacy rate.
Sources: World Bank (2015–2025), United Nations SDG Indicators (2019–2021), World Health Organization (2024), Ministerio del Poder Popular de Finanzas, SENIAT (2016), General Directorate of Revenues, Panama (2016), The World Factbook (2021). How we calculate this
Weather in Panama vs Venezuela
Monthly averages — select a city to compare.
Avg. annual high / low
Avg. annual high / low
| Months | Caracas | Panama City |
|---|---|---|
| Jan–Mar | 87°/58°F (31°/14°C) | 94°/65°F (34°/18°C) |
| Apr–Jun | 88°/64°F (31°/18°C) | 94°/69°F (35°/21°C) |
| Jul–Sep | 86°/62°F (30°/17°C) | 92°/70°F (34°/21°C) |
| Oct–Dec | 84°/60°F (29°/15°C) | 91°/68°F (33°/20°C) |
View all months
| Month | Caracas | Panama City |
|---|---|---|
| Jan | 84°/56°F (29.0°/13.1°C) | 92°/65°F (33.4°/18.5°C) |
| Feb | 88°/58°F (31.0°/14.5°C) | 94°/65°F (34.2°/18.4°C) |
| Mar | 89°/60°F (31.7°/15.3°C) | 95°/65°F (34.8°/18.4°C) |
| Apr | 88°/61°F (31.1°/16.2°C) | 96°/67°F (35.4°/19.5°C) |
| May | 89°/65°F (31.8°/18.2°C) | 94°/70°F (34.5°/21.1°C) |
| Jun | 87°/65°F (30.3°/18.1°C) | 93°/70°F (33.8°/21.3°C) |
| Jul | 88°/62°F (31.0°/16.9°C) | 93°/70°F (33.9°/21.0°C) |
| Aug | 85°/62°F (29.3°/16.6°C) | 93°/70°F (33.9°/20.9°C) |
| Sep | 86°/62°F (30.1°/16.8°C) | 91°/70°F (32.9°/21.0°C) |
| Oct | 85°/62°F (29.7°/16.4°C) | 91°/69°F (32.6°/20.8°C) |
| Nov | 85°/60°F (29.6°/15.7°C) | 91°/69°F (32.9°/20.3°C) |
| Dec | 83°/58°F (28.4°/14.2°C) | 92°/67°F (33.3°/19.2°C) |
Data:
Instituto Nacional de Meteorología e Hidrología (INAMEH),
IMHPA - Instituto de Meteorología e Hidrología de Panamá
Can you move from Venezuela to Panama?
Short-stay tourist visa rules between Venezuela 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.
Venezuela passport holder visiting Panama
Visa Required
Panama passport holder visiting Venezuela
Visa RequiredData: 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 Venezuela?
On average Panama is around 84% pricier than Venezuela, with notable variation by city.
How much money do I need to move to Panama?
Budget about PAB34,500 for 3 months in Panama (based on a VEF750,000 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?
Panama performs significantly better than Venezuela across all safety metrics. The homicide rate in Panama is 11.7 per 100,000 people, compared to 12.7 in Venezuela.
How is healthcare in Panama compared to Venezuela?
Venezuela generally does better on health & wellbeing, though Panama leads in health coverage index. There are 16.2 doctors per 10,000 people in Panama, compared to 16.6 in Venezuela. Panama scores 78 on the WHO universal health coverage index (Venezuela: 75).
What's the weather like in Panama compared to Venezuela?
The average high temperature in Panama City is 93°F, compared to 86°F in Caracas. Panama City receives around 75.1 in of rainfall per year, while Caracas gets 35.9 in.
What language do they speak in Panama?
Both Venezuela and Panama share the same official language: Spanish.
