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Cost of Living in Panama

Cost of living in Panama is 25.64% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Panama is 22.21% lower than in United States (average data for all cities).
Restaurants [ Edit ] Avg. Range
Meal, Inexpensive Restaurant 8.00 $ 4.50-11.20
Meal for 2 People, Mid-range Restaurant, Three-course 38.00 $ 25.00-50.00
McMeal at McDonalds (or Equivalent Combo Meal) 6.00 $ 5.50-7.00
Domestic Beer (1 pint draught) 1.38 $ 1.00-2.00
Imported Beer (11.2 oz small bottle) 2.75 $ 2.00-4.00
Cappuccino (regular) 2.60 $ 1.95-3.00
Coke/Pepsi (11.2 oz small bottle) 1.05 $ 0.75-1.50
Water (11.2 oz small bottle) 0.96 $ 0.70-1.25
Markets [ Edit ] Avg.
Milk (regular), (1 gallon) 5.70 $ 4.85-6.62
Loaf of Fresh White Bread (1 lb) 1.74 $ 1.24-2.36
Rice (white), (1 lb) 0.84 $ 0.57-1.09
Eggs (12) 2.05 $ 1.87-2.25
Local Cheese (1 lb) 3.61 $ 2.04-5.00
Chicken Breasts (Boneless, Skinless), (1 lb) 3.56 $ 2.81-4.31
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.46 $ 2.18-4.31
Apples (1 lb) 1.43 $ 0.75-2.04
Banana (1 lb) 0.44 $ 0.23-0.57
Oranges (1 lb) 1.24 $ 0.50-2.27
Tomato (1 lb) 1.29 $ 0.91-1.81
Potato (1 lb) 0.74 $ 0.45-1.02
Onion (1 lb) 0.82 $ 0.27-1.36
Lettuce (1 head) 1.43 $ 1.00-2.00
Water (1.5 liter bottle) 1.43 $ 1.05-1.75
Bottle of Wine (Mid-Range) 7.98 $ 6.00-12.00
Domestic Beer (0.5 liter bottle) 0.72 $ 0.55-1.00
Imported Beer (11.2 oz small bottle) 1.95 $ 1.10-2.60
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) 25.50 $ 20.00-30.00
Taxi Start (Normal Tariff) 1.77 $ 1.25-2.50
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) 2.81 $ 2.46-3.63
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 18,064.41 $ 15,000.00-23,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 19,750.00 $ 16,000.00-24,000.00
Utilities (Monthly) [ Edit ] Avg.
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 81.88 $ 45.00-130.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.12 $ 0.08-0.20
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 39.65 $ 29.99-50.00
Sports And Leisure [ Edit ] Avg.
Fitness Club, Monthly Fee for 1 Adult 62.96 $ 50.00-80.00
Tennis Court Rent (1 Hour on Weekend) 14.28 $ 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) 48.20 $ 30.00-65.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 36.18 $ 25.00-50.00
1 Pair of Nike Running Shoes (Mid-Range) 80.67 $ 60.00-100.00
1 Pair of Men Leather Business Shoes 81.59 $ 60.00-100.00
Rent Per Month [ Edit ] Avg.
Apartment (1 bedroom) in City Centre 1,001.52 $ 600.00-1,500.00
Apartment (1 bedroom) Outside of Centre 575.90 $ 350.00-850.00
Apartment (3 bedrooms) in City Centre 1,702.88 $ 1,000.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,102.42 $ 650.00-1,500.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 187.24 $ 146.32-232.26
Price per Square Feet to Buy Apartment Outside of Centre 124.08 $ 92.90-167.22
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 713.31 $
Mortgage Interest Rate in Percentages (%), Yearly 5.62 4.00-7.00

Prices in Panama

These data are based on 1780 entries in the past 18 months from 193 different contributors.
Last update: December, 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, Bugaba, Changuinola, Chepo, Chilibre, Colon, El Coco, El Valle de Anton, Gorgona, ... Update information for Panama!