Cost of Living in Panama

Summary of cost of living in Panama:

A family of four estimated monthly costs are 2,607.4€ (2,807.7$) without rent.
A single person estimated monthly costs are 725.1€ (780.8$) without rent.
Cost of living in Panama is, on average, 34.7% lower than in United States.
Rent in Panama is, on average, 52.4% lower than in United States.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	9.29 €	4.64-18.57
Meal for 2 People, Mid-range Restaurant, Three-course	55.72 €	32.50-80.68
McMeal at McDonalds (or Equivalent Combo Meal)	7.43 €	6.50-8.82
Domestic Beer (1 pint draught)	1.86 €	1.16-3.71
Imported Beer (12 oz small bottle)	2.90 €	1.86-4.64
Cappuccino (regular)	3.24 €	1.39-4.64
Coke/Pepsi (12 oz small bottle)	1.46 €	0.93-2.79
Water (12 oz small bottle)	1.13 €	0.93-1.86
Markets	Edit
Milk (regular), (1 gallon)	6.08 €	5.10-7.06
Loaf of Fresh White Bread (1 lb)	1.96 €	1.05-2.53
Rice (white), (1 lb)	0.88 €	0.42-1.68
Eggs (regular) (12)	2.30 €	1.39-3.06
Local Cheese (1 lb)	4.37 €	1.64-7.58
Chicken Fillets (1 lb)	3.04 €	1.47-4.64
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	3.49 €	1.47-6.50
Apples (1 lb)	1.35 €	0.63-2.53
Banana (1 lb)	0.56 €	0.37-1.07
Oranges (1 lb)	1.17 €	0.42-1.90
Tomato (1 lb)	1.24 €	0.42-1.68
Potato (1 lb)	0.88 €	0.42-1.26
Onion (1 lb)	0.89 €	0.42-1.68
Lettuce (1 head)	1.79 €	0.92-2.97
Water (1.5 liter bottle)	1.41 €	0.74-2.32
Bottle of Wine (Mid-Range)	8.36 €	4.64-11.14
Domestic Beer (0.5 liter bottle)	1.07 €	0.58-1.41
Imported Beer (12 oz small bottle)	1.74 €	0.93-2.79
Cigarettes 20 Pack (Marlboro)	5.22 €	4.64-8.36
Transportation	Edit
One-way Ticket (Local Transport)	0.46 €	0.28-0.93
Monthly Pass (Regular Price)	23.22 €	13.93-28.26
Taxi Start (Normal Tariff)	1.86 €	1.39-2.79
Taxi 1 mile (Normal Tariff)	2.62 €	1.49-4.48
Taxi 1hour Waiting (Normal Tariff)	18.57 €	7.43-23.22
Gasoline (1 gallon)	3.45 €	3.16-4.57
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	22,519.76 €	18,108.67-23,216.25
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	18,748.01 €	16,715.70-21,358.95
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	91.72 €	51.08-185.73
Mobile Phone Monthly Plan with Calls and 10GB+ Data	27.59 €	18.57-29.72
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	45.56 €	36.22-72.43
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	44.15 €	16.72-92.86
Tennis Court Rent (1 Hour on Weekend)	29.25 €	13.93-46.43
Cinema, International Release, 1 Seat	6.50 €	4.64-9.29
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	335.35 €	232.16-524.69
International Primary School, Yearly for 1 Child	7,652.63 €	4,643.25-13,001.10
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	45.46 €	23.22-65.01
1 Summer Dress in a Chain Store (Zara, H&M, ...)	36.46 €	9.29-55.72
1 Pair of Nike Running Shoes (Mid-Range)	73.16 €	41.79-92.86
1 Pair of Men Leather Business Shoes	79.18 €	46.43-139.30
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	738.81 €	371.46-1,114.38
Apartment (1 bedroom) Outside of Centre	502.34 €	232.16-742.92
Apartment (3 bedrooms) in City Centre	1,628.04 €	928.65-3,250.27
Apartment (3 bedrooms) Outside of Centre	929.51 €	551.36-1,485.84
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	201.73 €	146.67-258.82
Price per Square Feet to Buy Apartment Outside of Centre	120.78 €	86.27-172.55
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	736.04 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.20	5.00-7.00

Prices in Panama

This country had 1224 entries in the past 12 months by 117 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References