All 19 neighborhoods in Panama City ranked by cost of living index. Updated 2026.
| # | Neighborhood | 1BR Rent | Index | vs Avg |
|---|---|---|---|---|
| 1 | San Miguelito | $680/mo | 0.68x | -32% |
| 2 | Juan Díaz | $720/mo | 0.72x | -28% |
| 3 | Transistmica | $720/mo | 0.72x | -28% |
| 4 | Betania | $750/mo | 0.75x | -25% |
| 5 | Calidonia | $780/mo | 0.78x | -22% |
| 6 | Condado del Rey | $850/mo | 0.85x | -15% |
| 7 | Albrook | $880/mo | 0.88x | -12% |
| 8 | Balboa | $920/mo | 0.92x | -8% |
| 9 | Vista Hermosa | $920/mo | 0.92x | -8% |
| 10 | El Cangrejo | $1,020/mo | 1.02x | +2% |
| 11 | Clayton | $1,050/mo | 1.05x | +5% |
| 12 | San Francisco | $1,080/mo | 1.08x | +8% |
| 13 | Bella Vista | $1,080/mo | 1.08x | +8% |
| 14 | Obarrio | $1,100/mo | 1.10x | +10% |
| 15 | Coco del Mar | $1,100/mo | 1.10x | +10% |
| 16 | Casco Viejo | $1,120/mo | 1.12x | +12% |
| 17 | Marbella | $1,150/mo | 1.15x | +15% |
| 18 | Costa del Este | $1,250/mo | 1.25x | +25% |
| 19 | Punta Pacífica | $1,300/mo | 1.30x | +30% |
Rent estimates based on city average of $1,000/mo adjusted by neighborhood cost index. Index 1.00 = city average.
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Open a Wise Account →The cheapest neighborhood in Panama City is San Miguelito, with an estimated 1-bedroom rent of $680/month — 32% below the city average.
The average 1-bedroom rent in Panama City is approximately $1,000/month. Rents range from $680/mo (San Miguelito) to $1,300/mo (Punta Pacífica).
Our database covers 19 neighborhoods in Panama City, each with detailed cost-of-living and salary data.