NUMBEO

Cost of Living in Panama

Cost of living in Panama is 23.79% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Panama is 19.38% lower than in United States (average data for all cities).
Restaurants [ Edit ] Avg. Range
Meal, Inexpensive Restaurant 8.00 $ 4.50-12.00
Meal for 2 People, Mid-range Restaurant, Three-course 40.00 $ 25.00-50.00
McMeal at McDonalds (or Equivalent Combo Meal) 6.00 $ 5.00-7.00
Domestic Beer (1 pint draught) 1.50 $ 1.00-3.00
Imported Beer (11.2 oz small bottle) 3.00 $ 2.00-4.00
Cappuccino (regular) 2.57 $ 1.50-3.50
Coke/Pepsi (11.2 oz small bottle) 1.04 $ 0.75-1.50
Water (11.2 oz small bottle) 0.97 $ 0.70-1.50
Markets [ Edit ] Avg.
Milk (regular), (1 gallon) 5.51 $ 4.62-6.62
Loaf of Fresh White Bread (1 lb) 1.78 $ 1.15-2.72
Rice (white), (1 lb) 0.79 $ 0.45-1.09
Eggs (12) 2.03 $ 1.87-2.50
Local Cheese (1 lb) 3.51 $ 2.04-5.44
Chicken Breasts (Boneless, Skinless), (1 lb) 3.37 $ 1.81-4.31
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.56 $ 2.15-4.85
Apples (1 lb) 1.56 $ 0.92-2.27
Banana (1 lb) 0.44 $ 0.23-0.68
Oranges (1 lb) 1.43 $ 0.39-2.72
Tomato (1 lb) 1.35 $ 0.91-2.04
Potato (1 lb) 0.77 $ 0.45-1.36
Onion (1 lb) 0.88 $ 0.27-1.36
Lettuce (1 head) 1.46 $ 1.00-2.00
Water (1.5 liter bottle) 1.47 $ 1.00-2.00
Bottle of Wine (Mid-Range) 7.50 $ 6.00-10.00
Domestic Beer (0.5 liter bottle) 0.77 $ 0.55-1.00
Imported Beer (11.2 oz small bottle) 1.97 $ 1.00-3.00
Pack of Cigarettes (Marlboro) 5.00 $ 4.40-5.00
Transportation [ Edit ] Avg.
One-way Ticket (Local Transport) 0.35 $ 0.25-0.35
Monthly Pass (Regular Price) 30.00 $ 23.00-30.00
Taxi Start (Normal Tariff) 2.00 $ 1.00-2.50
Taxi 1 mile (Normal Tariff) 2.41 $ 1.61-4.02
Taxi 1hour Waiting (Normal Tariff) 10.00 $ 7.00-15.00
Gasoline (1 gallon) 2.76 $ 2.42-3.63
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 18,000.00 $ 14,000.00-22,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 20,083.33 $ 16,000.00-25,000.00
Utilities (Monthly) [ Edit ] Avg.
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 77.78 $ 40.00-130.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.12 $ 0.08-0.20
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 38.55 $ 25.00-60.00
Sports And Leisure [ Edit ] Avg.
Fitness Club, Monthly Fee for 1 Adult 61.24 $ 40.00-90.00
Tennis Court Rent (1 Hour on Weekend) 17.50 $ 8.00-25.00
Cinema, International Release, 1 Seat 6.00 $ 4.50-7.00
Childcare [ Edit ] Avg.
Preschool (or Kindergarten), Private, Monthly for 1 Child 256.00 $ 212.00-300.00
International Primary School, Yearly for 1 Child 6,350.00 $ 3,500.00-15,000.00
Clothing And Shoes [ Edit ] Avg.
1 Pair of Jeans (Levis 501 Or Similar) 49.95 $ 30.00-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 36.39 $ 30.00-50.00
1 Pair of Nike Running Shoes (Mid-Range) 80.92 $ 60.00-100.00
1 Pair of Men Leather Business Shoes 83.86 $ 55.00-120.00
Rent Per Month [ Edit ] Avg.
Apartment (1 bedroom) in City Centre 1,016.67 $ 550.00-1,500.00
Apartment (1 bedroom) Outside of Centre 619.46 $ 350.00-1,000.00
Apartment (3 bedrooms) in City Centre 1,708.59 $ 850.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,070.83 $ 600.00-1,600.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 196.31 $ 146.32-278.71
Price per Square Feet to Buy Apartment Outside of Centre 128.72 $ 83.61-167.22
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 690.15 $
Mortgage Interest Rate in Percentages (%), Yearly 5.41 4.00-7.00

Prices in Panama

These data are based on 1891 entries in the past 18 months from 202 different contributors.
Last update: March, 2017
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 | 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, Bugaba, Changuinola, Chepo, Chilibre, Colon, El Coco, El Valle de Anton, Gorgona, ... Update information for Panama!