NUMBEO

Cost of Living in Panama

Cost of living in Panama is 28.81% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Panama is 21.77% lower than in United States (average data for all cities).
Restaurants [ Edit ] Avg. Range
Meal, Inexpensive Restaurant 6.00 $ 3.00-10.00
Meal for 2 People, Mid-range Restaurant, Three-course 30.00 $ 25.00-50.00
McMeal at McDonalds (or Equivalent Combo Meal) 6.00 $ 5.00-6.50
Domestic Beer (0.5 liter draught) 1.25 $ 1.00-2.50
Imported Beer (0.33 liter bottle) 3.00 $ 1.50-4.00
Cappuccino (regular) 2.58 $ 1.95-3.00
Coke/Pepsi (0.33 liter bottle) 1.03 $ 0.85-1.25
Water (0.33 liter bottle) 1.07 $ 0.80-1.50
Markets [ Edit ] Avg.
Milk (regular), (1 gallon) 5.26 $ 4.58-5.87
Loaf of Fresh White Bread (1 lb) 1.74 $ 1.36-2.27
Rice (white), (1 lb) 0.76 $ 0.45-0.91
Eggs (12) 2.10 $ 1.87-2.40
Local Cheese (1 lb) 3.41 $ 2.04-4.50
Chicken Breasts (Boneless, Skinless), (1 lb) 3.56 $ 2.81-4.31
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.04 $ 3.63-4.54
Apples (1 lb) 1.46 $ 0.95-2.00
Banana (1 lb) 0.41 $ 0.23-0.68
Oranges (1 lb) 0.76 $ 0.53-1.13
Tomato (1 lb) 1.28 $ 0.76-1.81
Potato (1 lb) 0.84 $ 0.50-1.13
Onion (1 lb) 0.91 $ 0.68-1.13
Lettuce (1 head) 1.31 $ 1.00-1.50
Water (1.5 liter bottle) 1.54 $ 1.05-2.00
Bottle of Wine (Mid-Range) 7.98 $ 6.00-12.00
Domestic Beer (0.5 liter bottle) 0.67 $ 0.54-0.90
Imported Beer (0.33 liter bottle) 1.89 $ 1.10-2.50
Pack of Cigarettes (Marlboro) 4.75 $ 4.00-5.00
Transportation [ Edit ] Avg.
One-way Ticket (Local Transport) 0.35 $ 0.25-0.35
Monthly Pass (Regular Price) 20.00 $ 10.50-23.00
Taxi Start (Normal Tariff) 1.75 $ 1.00-2.50
Taxi 1 mile (Normal Tariff) 2.21 $ 1.61-2.41
Taxi 1hour Waiting (Normal Tariff) 15.00 $ 10.00-25.00
Gasoline (1 gallon) 2.91 $ 2.57-3.63
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 19,000.00 $ 15,000.00-22,000.00
Utilities (Monthly) [ Edit ] Avg.
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 69.01 $ 35.00-120.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.11 $ 0.09-0.16
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 41.00 $ 30.00-55.00
Sports And Leisure [ Edit ] Avg.
Fitness Club, Monthly Fee for 1 Adult 64.80 $ 35.00-90.00
Tennis Court Rent (1 Hour on Weekend) 13.44 $ 10.00-20.00
Cinema, International Release, 1 Seat 5.75 $ 4.50-7.00
Clothing And Shoes [ Edit ] Avg.
1 Pair of Jeans (Levis 501 Or Similar) 48.69 $ 30.00-65.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 31.00 $ 20.00-45.00
1 Pair of Nike Running Shoes (Mid-Range) 78.23 $ 70.00-85.00
1 Pair of Men Leather Business Shoes 72.14 $ 55.00-100.00
Rent Per Month [ Edit ] Avg.
Apartment (1 bedroom) in City Centre 976.19 $ 700.00-1,300.00
Apartment (1 bedroom) Outside of Centre 488.33 $ 250.00-600.00
Apartment (3 bedrooms) in City Centre 1,854.55 $ 1,200.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 937.50 $ 500.00-1,400.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 177.55 $ 167.22-204.38
Price per Square Feet to Buy Apartment Outside of Centre 135.48 $ 92.90-167.22
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (After Tax) 667.67 $ 500.00-800.00
Mortgage Interest Rate in Percentages (%), Yearly 5.40 4.50-6.00

Prices in Panama

These data are based on 1212 entries in the past 18 months from 148 different contributors.
Last update: February, 2016 Our data for each country are based on all entries from all cities in that country.
Sources and References : Info
No sources and references provided yet.
Add new source here:
URL:
Description:
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: Panama City

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