Moving to Panama from Wisconsin

moving to

What to Expect

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

If you moved from Wisconsin to Panama, you would find that Panama is 30.3% cheaper than Wisconsin. A $75,000 salary in Wisconsin would need to be roughly PAB60,638 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 Madison, making it significantly warmer.

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How Far Will Your Money Go?

A breakdown of how everyday costs differ between Wisconsin and Panama.

What does your salary buy?

$75,000 PAB60,638

To maintain the same standard of living in Panama

Calculate with your salary →

How key spending categories compare

Restaurants

pay 39.9% less

Groceries

pay 9.2% less

Transportation

pay 9.4% less

Housing

pay 33.5% less

Childcare

pay 74.3% less

Entertainment and Sports

pay 35.3% 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?

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

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

The numbers behind daily life in Panama compared to Wisconsin.

How's the healthcare?

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

share of adults with obesity

WI
37.8%
PA
22.7%

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

Will I have good infrastructure?

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

share of households with internet

WI
89.5%
PA
68.0%

Wisconsin 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

WI
3.0%
PA
6.7%
GDP per capita Bureau of Economic Analysis, 2024

a broad measure of economic output per person

WI
$59,333
PA
$35,800

Wisconsin 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

WI
77.7 yrs
PA
77.6 yrs

Wisconsin 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.

Madison Rain: 34.5 in/yr (876 mm)
56° / 37°F

Avg. annual high / low

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

Avg. annual high / low

Months Madison Panama City
Jan–Mar 33°/17°F (1°/-8°C) 94°/65°F (34°/18°C)
Apr–Jun 68°/46°F (20°/8°C) 94°/69°F (35°/21°C)
Jul–Sep 78°/57°F (25°/14°C) 92°/70°F (34°/21°C)
Oct–Dec 44°/28°F (7°/-2°C) 91°/68°F (33°/20°C)
View all months
Month Madison Panama City
Jan 26°/11°F (-3.1°/-11.6°C) 92°/65°F (33.4°/18.5°C)
Feb 31°/15°F (-0.5°/-9.4°C) 94°/65°F (34.2°/18.4°C)
Mar 43°/25°F (6.2°/-4.0°C) 95°/65°F (34.8°/18.4°C)
Apr 57°/36°F (14.1°/2.1°C) 96°/67°F (35.4°/19.5°C)
May 68°/46°F (20.2°/7.8°C) 94°/70°F (34.5°/21.1°C)
Jun 78°/56°F (25.5°/13.4°C) 93°/70°F (33.8°/21.3°C)
Jul 82°/61°F (27.6°/16.1°C) 93°/70°F (33.9°/21.0°C)
Aug 79°/59°F (26.3°/15.0°C) 93°/70°F (33.9°/20.9°C)
Sep 72°/50°F (22.1°/10.1°C) 91°/70°F (32.9°/21.0°C)
Oct 59°/39°F (14.9°/3.8°C) 91°/69°F (32.6°/20.8°C)
Nov 44°/28°F (6.7°/-2.1°C) 91°/69°F (32.9°/20.3°C)
Dec 30°/16°F (-1.0°/-8.9°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 Wisconsin?

On average Panama is about 19% less expensive than Wisconsin, with major cities narrowing the gap.

How much money do I need to move to Panama?

Budget about PAB15,160 for 3 months in Panama (based on a $75,000 comparable annual salary), then add the one-off costs: flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Panama?

From major Panama cities the network usually holds up. Visa rules, your employer's stance on overseas employees, and tax residency in Wisconsin and Panama are what actually decide it long-term.

How is healthcare in Panama compared to Wisconsin?

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

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

The average high temperature in Panama City is 93°F, compared to 56°F in Madison. Panama City receives around 75.1 in of rainfall per year, while Madison gets 34.5 in.

What language do they speak in Panama?

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

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At a Glance

PA
Population 5,686,986 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