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Cost of Living in Panama

Prices in Panama

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IndexInfo
Consumer Price Index (Excl.Rent): 53.30
Rent Index: 28.70
Groceries Index: 57.88
Restaurants Index: 40.08
Consumer Price Plus Rent Index: 40.79
Local Purchasing Power: 52.52

Currency: Sticky Currency      Switch to metric measurement units
Restaurants [Edit] Avg.
Range
Meal, Inexpensive Restaurant 5.00 $
3.00
9.00
Meal for 2, Mid-range Restaurant, Three-course 28.00 $
20.00
50.00
McMeal at McDonalds (or Equivalent Combo Meal) 5.50 $
5.00
6.00
Domestic Beer (0.5 liter draught) 1.00 $
1.00
2.50
Imported Beer (0.33 liter bottle) 3.00 $
2.00
4.00
Cappuccino (regular) 2.34 $
1.50
3.00
Coke/Pepsi (0.33 liter bottle) 1.10 $
1.00
1.50
Water (0.33 liter bottle) 0.98 $
0.75
1.20
Markets [Edit] Avg.
Milk (regular), (1 gallon) 5.50 $
4.54
6.78
Loaf of Fresh White Bread (1 lb) 1.81 $
1.40
2.27
Rice (white), (1 lb) 0.67 $
0.40
0.91
Eggs (12) 2.16 $
1.87
2.50
Local Cheese (1 lb) 3.51 $
2.63
4.50
Chicken Breasts (Boneless, Skinless), (1 lb) 3.30 $
2.69
3.86
Apples (1 lb) 1.53 $
0.95
2.04
Oranges (1 lb) 0.66 $
0.45
1.13
Tomato (1 lb) 1.29 $
0.91
1.72
Potato (1 lb) 0.85 $
0.68
1.02
Lettuce (1 head) 1.39 $
1.00
2.00
Water (1.5 liter bottle) 1.40 $
1.05
1.90
Bottle of Wine (Mid-Range) 10.00 $
6.00
15.00
Domestic Beer (0.5 liter bottle) 0.70 $
0.54
0.85
Imported Beer (0.33 liter bottle) 1.38 $
1.00
2.00
Pack of Cigarettes (Marlboro) 4.50 $
4.00
5.00
Transportation [Edit] Avg.
One-way Ticket (Local Transport) 0.30 $
0.25
0.35
Monthly Pass (Regular Price) 22.00 $
20.00
25.50
Taxi Start (Normal Tariff) 2.00 $
1.00
2.50
Taxi 1 mile (Normal Tariff) 2.01 $
1.61
3.22
Taxi 1hour Waiting (Normal Tariff) 25.00 $
20.00
25.00
Gasoline (1 gallon) 3.41 $
2.69
3.97
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 19,000.00 $
15,000.00
21,000.00
Utilities (Monthly) [Edit] Avg.
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 69.84 $
32.00
120.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.14 $
0.10
0.20
Internet (6 Mbps, Unlimited Data, Cable/ADSL) 41.29 $
30.00
56.00
Sports And Leisure [Edit] Avg.
Fitness Club, Monthly Fee for 1 Adult 64.34 $
39.99
80.00
Tennis Court Rent (1 Hour on Weekend) 10.50 $
10.00
12.00
Cinema, International Release, 1 Seat 5.00 $
3.50
6.00
Clothing And Shoes [Edit] Avg.
1 Pair of Jeans (Levis 501 Or Similar) 52.08 $
40.00
70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 25.00 $
20.00
30.00
1 Pair of Nike Running Shoes (Mid-Range) 84.61 $
70.00
100.00
1 Pair of Men Leather Business Shoes 75.00 $
50.00
85.00
Rent Per Month [Edit] Avg.
Apartment (1 bedroom) in City Centre 1,026.92 $
700.00
1,300.00
Apartment (1 bedroom) Outside of Centre 519.64 $
350.00
650.00
Apartment (3 bedrooms) in City Centre 1,796.43 $
1,200.00
2,500.00
Apartment (3 bedrooms) Outside of Centre 956.67 $
500.00
1,450.00
Buy Apartment Price [Edit] Avg.
Price per Square Feet to Buy Apartment in City Centre 182.71 $
157.93
204.38
Price per Square Feet to Buy Apartment Outside of Centre 146.32 $
125.42
164.90
Salaries And Financing [Edit] Avg.
Average Monthly Disposable Salary (After Tax) 747.39 $
600.00
880.00
Mortgage Interest Rate in Percentages (%), Yearly 5.13
4.50
6.00

These data are based on 1003 entries in the past 18 months from 115 different contributors.

Last update: May, 2015

Our data for each country are based on all entries from all cities in that country.

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

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