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Cost of Living in Panama

Cost of living in Panama is 27.78% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Panama is 20.93% lower than in United States (average data for all cities).
Restaurants [ Edit ] Avg. Range
Meal, Inexpensive Restaurant 7.25 $ 4.50-10.00
Meal for 2 People, Mid-range Restaurant, Three-course 37.50 $ 25.00-50.00
McMeal at McDonalds (or Equivalent Combo Meal) 6.00 $ 5.50-7.00
Domestic Beer (1 pint draught) 1.50 $ 1.00-2.68
Imported Beer (11.2 oz small bottle) 3.00 $ 2.00-4.00
Cappuccino (regular) 2.49 $ 1.50-3.00
Coke/Pepsi (11.2 oz small bottle) 1.10 $ 0.75-1.80
Water (11.2 oz small bottle) 1.01 $ 0.75-1.50
Markets [ Edit ] Avg.
Milk (regular), (1 gallon) 5.61 $ 4.92-6.44
Loaf of Fresh White Bread (1 lb) 1.86 $ 1.36-2.72
Rice (white), (1 lb) 0.80 $ 0.45-1.09
Eggs (12) 2.08 $ 1.87-2.40
Local Cheese (1 lb) 3.16 $ 1.50-4.54
Chicken Breasts (Boneless, Skinless), (1 lb) 3.46 $ 2.50-4.22
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.39 $ 2.15-4.31
Apples (1 lb) 1.47 $ 0.75-2.00
Banana (1 lb) 0.43 $ 0.23-0.57
Oranges (1 lb) 0.92 $ 0.50-1.24
Tomato (1 lb) 1.35 $ 0.91-2.04
Potato (1 lb) 0.74 $ 0.45-1.02
Onion (1 lb) 0.81 $ 0.27-1.36
Lettuce (1 head) 1.40 $ 1.00-2.00
Water (1.5 liter bottle) 1.48 $ 1.05-1.90
Bottle of Wine (Mid-Range) 7.74 $ 6.00-10.00
Domestic Beer (0.5 liter bottle) 0.71 $ 0.55-1.00
Imported Beer (11.2 oz small bottle) 2.03 $ 1.10-3.00
Pack of Cigarettes (Marlboro) 4.75 $ 4.00-5.00
Transportation [ Edit ] Avg.
One-way Ticket (Local Transport) 0.35 $ 0.25-0.50
Monthly Pass (Regular Price) 24.25 $ 20.00-30.00
Taxi Start (Normal Tariff) 1.80 $ 1.00-2.50
Taxi 1 mile (Normal Tariff) 2.41 $ 1.61-3.22
Taxi 1hour Waiting (Normal Tariff) 10.00 $ 10.00-15.00
Gasoline (1 gallon) 2.84 $ 2.42-3.60
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 18,500.00 $ 15,000.00-22,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 19,750.00 $ 17,000.00-24,000.00
Utilities (Monthly) [ Edit ] Avg.
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 75.98 $ 40.00-122.78
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.11 $ 0.08-0.15
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 39.13 $ 30.00-50.00
Sports And Leisure [ Edit ] Avg.
Fitness Club, Monthly Fee for 1 Adult 63.36 $ 50.00-90.00
Tennis Court Rent (1 Hour on Weekend) 13.56 $ 8.00-20.00
Cinema, International Release, 1 Seat 6.00 $ 4.50-7.00
Clothing And Shoes [ Edit ] Avg.
1 Pair of Jeans (Levis 501 Or Similar) 49.48 $ 30.00-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 34.71 $ 25.00-50.00
1 Pair of Nike Running Shoes (Mid-Range) 79.91 $ 70.00-100.00
1 Pair of Men Leather Business Shoes 77.00 $ 60.00-100.00
Rent Per Month [ Edit ] Avg.
Apartment (1 bedroom) in City Centre 1,006.90 $ 600.00-1,500.00
Apartment (1 bedroom) Outside of Centre 558.35 $ 300.00-850.00
Apartment (3 bedrooms) in City Centre 1,777.45 $ 1,000.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,112.04 $ 650.00-1,500.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 177.99 $ 146.32-204.38
Price per Square Feet to Buy Apartment Outside of Centre 124.15 $ 83.61-167.22
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 710.35 $
Mortgage Interest Rate in Percentages (%), Yearly 5.53 4.00-7.00

Prices in Panama

These data are based on 1600 entries in the past 18 months from 186 different contributors.
Last update: August, 2016 Our data for each country are based on all entries from all cities in that country.
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More about Panama: Cost of Living | Crime | Climate | Food Prices | Gas Prices | Health Care | Travel Prices | Pollution | Property Prices | Quality of Life | Taxi Fare | Traffic

Cost of Living in this country for some cities: Boquete, Panama City

We would like to gather more data for: Aguadulce, Bocas Del Toro, Bocas del Toto, Changuinola, Chepo, Chilibre, El Coco, El Valle de Anton, Gorgona, La Cabima, Las Cumbres, ... Update information for Panama!