Local Salaries · Panama
What is a good salary in 🇵🇦 Panama (Panama City)?
The median is about $921/month; top-10% earners clear $3,102/month.
The local wage ladder
| Band | Monthly | Annual | Local currency |
|---|---|---|---|
| Survival floorsingle-person essentials | $918 | $11,016 | 918 PAB/mo |
| Statutory minimumILOSTAT statutory monthly minimum wage, 2024 (USD). | $482 | $5,784 | 482 PAB/mo |
| Median (p50)typical earner | $921 | $11,052 | 921 PAB/mo |
| Comfortable (p75)upper-middle | $1,745 | $20,940 | 1,745 PAB/mo |
| Top 10% (p90)high earner | $3,102 | $37,224 | 3,102 PAB/mo |
| Top 1% (p99)elite | $8,344 | $100,128 | 8,344 PAB/mo |
Modelled from World Bank GNI $19,140 (2025) and Gini 49.7. Check where you stand in the interactive benchmarker.
Countries with similar median pay
- 🇷🇸 Serbia — median $941/mo
- 🇦🇷 Argentina — median $854/mo
- 🇨🇱 Chile — median $993/mo
- 🇲🇺 Mauritius — median $833/mo
See also: what everyday life costs in Panama
Frequently asked questions
- What is a good salary in Panama?
- The median wage is about $921/month ($11,052/year). A "comfortable" p75 salary is around $1,745/month, and you'd be a top-10% earner above $3,102/month.
- What is a top 10% salary in Panama?
- Roughly $3,102/month ($37,224/year) puts you in the top 10%; the top 1% starts near $8,344/month.
- What is the minimum wage in Panama?
- About $482/month. ILOSTAT statutory monthly minimum wage, 2024 (USD).
- How are these Panama salary figures calculated?
- A log-normal wage model calibrated from World Bank GNI per capita ($19,140, 2025) and the Gini index (49.7). Estimates for benchmarking, not payroll data.