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Panama City or Penang
Comprehensive comparison between Panama City (Panama) and Penang (Malaysia). Analyze differences in purchasing power, housing, safety, and visas to make your next move.
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Frequently Asked Questions
Based on 2026 cost of living data, Penang is more affordable than Panama City. Panama City has a cost rating of 65/100, while Penang has a cost rating of 30/100.
In terms of safety, Penang ranks higher with a safety score of 82/100, compared to Panama City at 75/100. Panama City's safety score is 75/100 and Penang's safety score is 82/100.
Average rent in Panama City is typically $1,264.62 per month, whereas typical rent in Penang averages €350 - €650 per month.
For Panama City, the visa process is rated as: Very Accessible (The Pensionado program is world-famous for its ease and benefits. Digital Nomad visa is also straightforward.). For Penang, the process is rated as: DE Rantau Nomad Visa & MM2H (Malaysia’s DE Rantau Nomad Visa grants remote workers up to 2 years residence (~$24k/yr income), alongside MM2H long-term residency.).
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