Panama is a great place to live it is full of vibrance and astounding history that is quite remarkable. This of course does not mean that it hasn't its flaws or issues, per say.
Panama's bare necessities, or at least what americans may like to call bare necessities, are things that are more costly than in America.
Buying a house in the United States is currently cheaper than buying one in Panama. Electricity costs more, as well as imports and so forth. One should bare these things in mind when considering moving to Panama.
Link: Don't move to Panama!