MigrantoAverage salary in Panama
Gross and take-home pay, by industry and against other countries
Average salary
Take-home / mo
PAB 833
Gross / yr
PAB 11,400
Panama is the region's crossroads — a banking hub, a logistics economy, the canal pulling trade and money through it. Pay for a real career sits mid-table for the world, and what's striking is how little tax takes out of it; you keep nearly the whole wage, which goes a fair way in a service economy built around commerce.
Salaries in Panama by industry
Few places let your choice of field swing your pay this hard. The distance between the top earners — health, finance, education — and the floor of hospitality and farm work is enormous. If you bring a credentialed profession, Panama rewards it sharply; if your work sits at the lower rungs, the same country pays a very different living.
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What you could earn in Panama
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Take-home in Panama
PAB 412/mo
vs PAB 1,200 in your country
Cost of living
PAB 151
vs PAB 800 in your country
Potential savings
PAB 261
more than in your country
Standard of living
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How salaries in Panama compare
Panama holds the middle of Latin America and the middle of the world at once, which undersells it a little. The dollarized, finance-heavy economy keeps pay steadier than its neighbours, and because tax leaves the wage nearly whole, the money you take home stretches further than the rank lets on.
Data source: Mean monthly earnings 2024 (ILOSTAT), adjusted to 2026 using IMF GDP-per-capita growth
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Frequently asked questions
What is the average salary in Panama?
The average salary in Panama is PAB 946 a month before tax, or PAB 833 take-home after tax and social contributions. Over a year that's PAB 11,400 before tax and PAB 10,000 after.
What is the average salary in Panama in US dollars?
The average salary in Panama in US dollars is about $11,352 a year before tax, or $833 a month after tax.
What salary do you need to live comfortably in Panama?
A typical person in Panama spends about PAB 536 a month, while the average take-home pay is PAB 833. How much you need to live comfortably depends on the city, your family situation, and how you usually spend. See the cost of living in Panama for the full picture.
What are the highest-paying jobs in Panama?
The highest-paying jobs in Panama are in healthcare, finance, and education. Take-home pay in these industries averages around PAB 1,390 a month (about PAB 18,900 gross a year), roughly 67% above the national average.
What are the lowest-paying jobs in Panama?
Agriculture is the lowest-paying industry in Panama. Pay there averages around PAB 325 a month take-home (about PAB 4,430 gross a year). For comparison, the highest-paying industries pay about 4.3 times more.
What is a good salary in Panama?
A good salary in Panama is generally one above the national average — more than PAB 833 take-home a month, or PAB 11,400 gross a year. But a lot depends on your spending, where you live, and your financial goals.
Is Panama a high-salary country?
Moderately. By average after-tax pay, Panama is ahead of 55% of countries worldwide and ranks 11th out of 27 countries in Latin America.
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Living in Panama
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