Location Factors

Panama City

The location factor for Panama City (Panama) is 0.96, based on local living costs.

This means a $60,825 per year salary would roughly be compareable to €60,000 in Berlin (Germany).
If you would have to pay full taxes in Germany, this amount would rise to $69,446.

You can also start a calculation based on Panama City.

Name Panama City
🇵🇦
Panama
Chosen Factor 0.96 1.09* 0.94 1.07*
Market Rates unavailable unavailable
Consumer Price Index 0.82 0.93* 0.72 0.83*
Rent Index* 1.21 1.38* 1.15 1.31*
Consumer Price Plus Rent Index 0.92 1.05* 0.83 0.95*
Groceries Index 0.96 1.09* 0.94 1.07*
Restaurant Price Index* 0.87 1.00* 0.56 0.64*
Local Purchasing Power Index* 0.39 0.45* 0.39 0.44*
Buffer Location Bracket* C or B 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.