George Town vs Panama City: Panama City costs less to live in

George Town vs Panama City.

George Town and Panama City tax a $1M income alike, so cost decides it: Panama City scores 62 on the Patrician.ch cost index and George Town 105, with Zurich at 100. 🇰🇾 Grand Cayman, Cayman Islands against 🇵🇦 Panama, compared on tax, residence, cost and the life.

In short, current to October 2026

On $1,000,000 of income, George Town takes an effective 0% and Panama City takes 0%, an identical effective rate on the Patrician.ch 2026 model.
Neither George Town nor Panama City taxes a capital gain on a disposal by a resident individual, so a liquidity event realized after residence begins is not taxed locally in either.
Neither George Town nor Panama City is modeled on a special regime for arriving foreigners, so both run on ordinary resident rates.
Inheritance, what a child pays: nothing in George Town, nothing in Panama City.
Route in: George Town by Residence by investment. Panama City by Residence by investment.
Cost of the life is 105 in George Town against 62 in Panama City on the Patrician.ch index where Zurich is 100, and safety 8 against 6 of 10. Both are Patrician.ch editorial indices scored by us, not published statistics.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated 29 October 2026. Cite as: Patrician.ch, George Town (Grand Cayman) vs Panama City (Panama): tax, residence and cost 2026, patrician.ch/compare/george-town-cayman-vs-panama-city/, October 2026.

George Town, Cayman Islands — **George Town** 🇰🇾 Cayman Islands

	George Town	Panama City
Effective tax at $300K	0%	0%
Effective tax at $1M	0%	0%
Effective tax at $3M	0%	0%
Kept after tax at $1M	$1M	$1M
Capital gains	0%	0%
Inheritance tax, children	nothing	nothing
Cost index (Zurich 100)	105	62
A 200 m² prime home, US$	Not published	Not published
Prestige of address (editorial)	7/10	4/10
Safety	8/10	6/10
Schools	7/10	6/10
Sun hours	2,800	1,780
Supercar street index	#85	#68
Routes in	Residence by investment	Residence by investment
Net millionaire flow, 2025 forecast (country, Henley)	n/a	n/a
Flight from London	12h 40m, 1 stop	13h 50m, 1 stop
Flight from New York	4h 05m nonstop	5h 30m nonstop

See these 2 places for your own income.George Town and Panama City, side by side on your income, passports and family. Free, in the ranking of all 100. Then the Dossier: a written report in 10 chapters on the 3 places that rank first for you. The Dossier is $500. The founding price, $250, holds until 31 October.

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Head to head

Effective income tax rate, % of income, at 3 incomes

$300K$1M$3MGeorge Town0%0%0%Panama City0%0%0%

Note: single filer, not a US citizen

Source: Patrician.ch 2026 tax model, built on official tax authority rates

Simplified marginal model, indicative 2026 brackets, non-US single filer, no social contributions, deductions, wealth taxes, or treaties. Inheritance is shown as it falls on a child, current to October 2026.

By profile

How each profile reads.

For an executive on salary

Tax is level. Both keep $1M of $1M on this model, so the rows above decide it.

For a founder with an exit

Capital gains land at 0% in both. Neither city levies an annual wealth tax.

For a family

George Town (Grand Cayman) leads on schools, safety and sun, Panama City (Panama) on a lower cost.

George TownThe full page

Panama CityThe full page Rank both on my numbersThe engine, 90 seconds

Questions

Which keeps more of a $1M income, George Town or Panama City?

Neither. Both keep $1M of $1,000,000 on Patrician.ch's 2026 model.

George Town takes an effective 0% of $1,000,000 and Panama City takes 0%. At $3,000,000 the rates are 0% and 0%.

Which taxes capital gains less, George Town or Panama City?

Neither taxes them. George Town and Panama City both levy no capital gains tax on a resident individual.

Which is better for inheritance, George Town or Panama City?

Neither charges a spouse or children. Both levy no inheritance tax at all.

The Cayman Islands levy no inheritance, estate or gift tax. Panama levies no inheritance or estate tax.

Which is cheaper to live in, George Town or Panama City?

Panama City, at 62 on the Patrician.ch cost index against 105 for George Town, where Zurich is 100.

Safety scores 8 of 10 in George Town and 6 of 10 in Panama City, schools 7 and 6. These are Patrician.ch editorial indices, not published statistics.

The Dossier: George Town, Panama City, and the third you have not considered.A written report on the 3 places that rank first for you, on your income, a sale, your passports and your family. 10 chapters, written the moment you pay. Every tax figure carries its official source and the date it was last checked. The Dossier is $500. The founding price, $250, holds until 31 October. Refunded in full within 7 days of delivery, no reason needed.

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The income tax of George Town and Panama City, side by side on 2026 rates. Your readers type their own salary and the places reorder. Free on any site, with the credit line under it.

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Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures are for a non-US single filer. Wealth tax, an exit and your passports are added when you run the engine on your own numbers. Not advice. Residence rules change often. Verify before acting.

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