The location factor for Panama is 0.94, based on national living costs.
This means a $59,707 per year salary would roughly
be compareable to €60,000 in Germany.
If you would have to pay full taxes in Germany, this amount would rise to $68,170.
You can also start a calculation based on Panama.
|Chosen Factor||0.94 1.07*|
|Consumer Price Index||0.72 0.83*|
|Rent Index*||1.15 1.31*|
|Consumer Price Plus Rent Index||0.83 0.95*|
|Groceries Index||0.94 1.07*|
|Restaurant Price Index*||0.56 0.64*|
|Local Purchasing Power Index*||0.39 0.44*|
|Buffer Location Bracket*||C or B|
|Currency||US Dollar (USD)|
|Income Tax*||0% to 27%|
Locations in Panama
|Panama City||0.96 1.09*||Living Costs||Missing market rates.|