Digital Nomad Guide to Panama
Panama City is the cosmopolitan capital of Panama and a destination that’s becoming increasingly popular among digital nomads. The city offers a great balance of work and play, with a growing tech industry, affordable cost of living and a rich cultural scene. In this post, we will take a look at the cost of accommodation, cost of living, food and drink expenses, and the benefits of being a digital nomad in Panama City.
Panama for Digital Nomads
Cost of Accommodation
The cost of accommodation in Panama City can vary greatly depending on the location and type of housing. The average cost of a one-bedroom apartment in the city center is around $1,000 per month, while a room in a shared apartment can cost as little as $500 per month. For those on a tighter budget, there are also a number of hostels and budget hotels available, with prices starting from around $30 per night.
Cost of Living
The cost of living in Panama City is relatively low compared to other major cities in North America and Western Europe. Basic necessities such as groceries and transportation are relatively affordable, with a monthly bus pass costing around $25 and a meal at an inexpensive restaurant averaging $8.
Food and Drink Expenses
Panama City is known for its delicious Panamanian cuisine, and there are plenty of options to suit all budgets. A pint of beer at a local bar will typically cost around $2, while a meal at a mid-range restaurant will typically cost around $10. There are also many street vendors offering delicious, affordable food options.
Benefits of Being a Digital Nomad in Panama City
Panama City offers many benefits for digital nomads. The city is home to a thriving tech industry, with a number of co-working spaces and tech hubs available. Additionally, Panama City has a strong startup ecosystem and a growing number of incubators and accelerators for entrepreneurs. The city is also home to a number of universities and colleges, making it a great place to network and learn new skills.
Furthermore, Panama City is a great place to explore and enjoy outdoor activities, from visiting the famous Panama Canal to taking a hike in the nearby rainforest. The city also offers a rich cultural scene, from the Museum of Biodiversity, which showcases the country’s unique wildlife, to the Museum of Panama, which tells the story of the country’s history.
Conclusion
Panama City is a great destination for digital nomads, offering a relatively low cost of living, great accommodation options, delicious Panamanian cuisine, and a unique blend of cosmopolitan living, a thriving tech industry and a rich cultural scene. With a growing number of co-working spaces and a strong startup ecosystem, it’s easy to see why so many digital nomads choose to call Panama City home.