Panama City, Panama
+12% vs Panama City avgCasco Viejo is one of the pricier neighborhoods in Panama City, with a cost of living index of 47.4 — that is +12% compared to the Panama City average. It ranks #4 out of 19 areas by cost. Estimated rent for a one-bedroom apartment here is around $1,120/month, compared to a range of $680 in San Miguelito to $1,300 in Punta Pacífica.
For a typical resident of Casco Viejo, housing takes up roughly 47% of monthly expenses. Food and groceries account for about 16%, while transportation costs around 9%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $44,800 before tax.
Salaries in Casco Viejo reflect the local cost of living. Based on the neighborhood COLI of 47.4:
After tax and deductions of 20.1% in Panama, take-home pay for someone earning $44,800 would be roughly $35,795/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a $35,550 salary in Casco Viejo, Panama City (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Casco Viejo would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $35,550 |
| London | GBP | £30,594 |
| Dubai | AED | AED 177,885 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Punta Pacífica | 55.0 | 1.30x | +30% |
| Costa del Este | 52.9 | 1.25x | +25% |
| Marbella | 48.6 | 1.15x | +15% |
| Obarrio | 46.5 | 1.10x | +10% |
| Coco del Mar | 46.5 | 1.10x | +10% |
See exactly what you need to earn in Casco Viejo, Panama City to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Casco Viejo:
Yes, Casco Viejo is one of the more expensive neighborhoods in Panama City. It costs about +12% more than the city average, ranking #4 out of 19 neighborhoods.
The cost of living in Casco Viejo is above the Panama City average. With a multiplier of 1.12x, everyday expenses including rent, food, and transportation are +12% compared to the city baseline.