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Cost of Living in Panama City, Panama

Prices in Panama City

IndexesInfo
Consumer Price Index (Excl.Rent): 56.09
Rent Index: 35.00
Groceries Index: 53.98
Restaurants Index: 47.33
Consumer Price Plus Rent Index: 45.94
Local Purchasing Power: 44.99

Currency: Default Currency      Switch to imperial measurement units
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Restaurants [Edit] mean
Range
Meal, Inexpensive Restaurant 5.62 $
5.00
8.00
Meal for 2, Mid-range Restaurant, Three-course 40.00 $
30.00
45.00
Combo Meal at McDonalds or Similar 4.72 $
4.00
5.00
Domestic Beer (0.5 liter draught) 1.50 $
1.00
2.00
Imported Beer (0.33 liter bottle) 3.00 $
2.00
4.00
Cappuccino (regular) 1.50 $
1.50
2.50
Coke/Pepsi (0.33 liter bottle) 1.00 $
1.00
1.75
Water (0.33 liter bottle) 1.00 $
1.00
1.50
 
Markets [Edit] mean
Milk (regular), 1 liter 1.20 $
1.10
1.30
Loaf of Fresh White Bread (500g) 1.35 $
1.00
1.50
Rice (1kg) 2.50 $
1.00
3.00
Eggs (12) 1.96 $
1.79
2.19
Local Cheese (1kg) 6.00 $
4.82
7.00
Chicken Breasts (Boneless, Skinless), (1kg) 6.97 $
5.00
7.30
Apples (1kg) 2.50 $
2.25
5.00
Oranges (1kg) 1.00 $
1.00
1.20
Tomato (1kg) 2.00 $
1.00
3.00
Potato (1kg) 1.14 $
1.00
1.27
Lettuce (1 head) 1.00 $
1.00
1.00
Water (1.5 liter bottle) 1.00 $
1.00
1.00
Bottle of Wine (Mid-Range) 6.00 $
5.00
6.00
Domestic Beer (0.5 liter bottle) 0.66 $
0.50
1.00
Imported Beer (0.33 liter bottle) 0.90 $
0.80
1.20
Pack of Cigarettes (Marlboro) 4.13 $
3.75
4.50
 
Transportation [Edit] mean
One-way Ticket (Local Transport) 0.55 $
0.30
0.80
Monthly Pass (Regular Price) 15.00 $
10.00
50.00
Taxi Start (Normal Tariff) 1.40 $
1.25
2.00
Taxi 1km (Normal Tariff) 0.70 $
0.25
1.00
Taxi 1hour Waiting (Normal Tariff) 20.00 $
10.00
30.00
Gasoline (1 liter) 1.03 $
0.99
1.10
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 15,000.00 $
12,000.00
20,000.00
 
Utilities (Monthly) [Edit] mean
Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment 200.00 $
63.75
200.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.09 $
0.08
0.10
Internet (6 Mbps, Unlimited Data, Cable/ADSL) 35.00 $
29.95
42.00
 
Sports And Leisure [Edit] mean
Fitness Club, Monthly Fee for 1 Adult 45.00 $
20.00
60.00
Tennis Court Rent (1 Hour on Weekend) 4.00 $
3.00
5.00
Cinema, International Release, 1 Seat 4.25 $
3.50
5.00
 
Clothing And Shoes [Edit] mean
1 Pair of Jeans (Levis 501 Or Similar) 50.00 $
50.00
50.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 45.00 $
19.00
60.00
1 Pair of Nike Shoes 60.00 $
50.00
70.00
1 Pair of Men Leather Shoes 65.00 $
60.00
70.00
 
Rent Per Month [Edit] mean
Apartment (1 bedroom) in City Centre 800.00 $
800.00
1,300.00
Apartment (1 bedroom) Outside of Centre 500.00 $
250.00
550.00
Apartment (3 bedrooms) in City Centre 2,000.00 $
1,500.00
2,500.00
Apartment (3 bedrooms) Outside of Centre 900.00 $
500.00
1,250.00
 
Buy Apartment Price [Edit] mean
Price per Square Meter to Buy Apartment in City Centre 1,800.00 $
1,500.00
2,000.00
Price per Square Meter to Buy Apartment Outside of Centre 1,000.00 $
750.00
1,200.00
 
Salaries And Financing [Edit] mean
Median Monthly Disposable Salary (After Tax) 800.00 $
683.00
1,200.00
Mortgage Interest Rate in Percentanges (%), Yearly 5.50
5.00
6.00

These data are based on 412 entries in the past 18 months from 55 different contributors.

Last update : May, 2013

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4 Comments so far

#Fluegge on Dec 03, 2012 :
I keep reading how cheap it is to live here, but we did & electricity is very expensive...A/C is not something you can do without there. Medical IN Panama city can be good. Dental is a fiasco. My husband researched & found what was considered the best & was elated at the time. $10,000. for comparable $30,000. US. Got the work done only to find out foundation work was not done, so now $50,000. to correct in US. This is just the tip of the iceberg. Very interesting to hear how many have "Lost" their retirement, because of move there.
#Joe Motes on Oct 31, 2012 :
Hello Claudia, what's it like for a Veteran living in Panama, as I'm with the V.A. I'm retired.
#Claudia on Oct 19, 2012 :
Sorry, Robert, but you cannot compare Wichita Falls, TX to Panama City.
#Robert Clark on Jul 31, 2012 :
I don't find it too cheap living in Panama after checking the prices listed. 900.00 plus for a one bedroom apmt. I have a 3 bedroom apmt here in Wichita Falls Texas that's 850.00 all bills paid.

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