MigrantoAverage salary in Panama
What people take home per month and earn per year, by industry and against other countries
Wages in Panama
88% of gross pay stays in hand after income tax and employee contributions
Per employee, all industries
Take-home / mo
PAB 833
Gross / yr
PAB 11,400
Salaries in Panama by industry
Take-home pay by industry against the national average
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Key facts
Salaries in Panama in numbers
Health & social work pays the most, and by an unusual margin
It averages PAB 1,390 a month, +67% against the national average, where the same industry usually sits at +12%.
Public-sector work pays above average
Public administration, education and health together average PAB 1,250 a month, 50% above the national average.
Industries pay 4.3× apart
Agriculture & fishing sits at the bottom on PAB 325 a month, against a national average of PAB 833.
Pays 2× what its neighbour Honduras pays
PAB 833 a month here against PAB 409 in Honduras, the widest gap to any neighbouring country.
How salaries in Panama compare
Neighbours, region and the world on the same take-home figure
Industries against the world
Where this country pays an industry more, or less, than that industry is usually paid
Pays more than usual here
- Health & social work+67% here, usually +12%
- Education+49% here, usually +16%
- Transport & storage+24% here, usually +0%
Pays less than usual here
- Real estate-20% here, usually +5%
- Agriculture & fishing-61% here, usually -38%
- IT & communication+24% here, usually +47%
“Usually” is what the same industry pays above or below the national average in a typical country
Data source: Mean monthly earnings 2024 (ILOSTAT), adjusted to 2026 using IMF GDP-per-capita growth
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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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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 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 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.
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 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.
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.
Where to live?
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Living in Panama
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