Location Factors

Panama

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.

Name Panama
Chosen Factor 0.94 1.07*
Market Rates unavailable
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%
* Not used for index.* If taxes paid in Germany instead.
Market rates unknown. Living costs based on Numbeo.

Locations in Panama

City Factor Based On Notes
Panama City 0.96 1.09* Living Costs Missing market rates.
create calculation* If taxes paid in Germany instead.