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Cost of Living in Panama

Cost of living in Panama is 25.79% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Panama is 35.89% lower than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 8.00 $ 5.00-10.00
Meal for 2 People, Mid-range Restaurant, Three-course 40.00 $ 28.00-61.00
McMeal at McDonalds (or Equivalent Combo Meal) 6.50 $ 5.00-8.00
Domestic Beer (1 pint draught) 2.00 $ 1.00-3.00
Imported Beer (12 oz small bottle) 3.00 $ 2.50-5.00
Cappuccino (regular) 2.67 $ 1.50-3.75
Coke/Pepsi (12 oz small bottle) 1.21 $ 0.75-2.00
Water (12 oz small bottle) 1.03 $ 0.75-2.00
Markets [ Edit ]
Milk (regular), (1 gallon) 5.45 $ 4.73-6.06
Loaf of Fresh White Bread (1 lb) 1.66 $ 0.91-2.27
Rice (white), (1 lb) 0.67 $ 0.41-1.00
Eggs (regular) (12) 2.00 $ 1.79-2.50
Local Cheese (1 lb) 3.36 $ 2.00-5.44
Chicken Breasts (Boneless, Skinless), (1 lb) 2.65 $ 2.00-4.08
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.52 $ 2.49-5.44
Apples (1 lb) 1.58 $ 1.04-2.27
Banana (1 lb) 0.48 $ 0.45-0.68
Oranges (1 lb) 1.25 $ 0.45-2.27
Tomato (1 lb) 1.20 $ 0.80-1.70
Potato (1 lb) 0.70 $ 0.59-1.00
Onion (1 lb) 0.76 $ 0.40-1.00
Lettuce (1 head) 1.51 $ 0.80-2.50
Water (1.5 liter bottle) 1.51 $ 1.00-2.00
Bottle of Wine (Mid-Range) 8.00 $ 6.00-10.00
Domestic Beer (0.5 liter bottle) 0.78 $ 0.42-1.50
Imported Beer (12 oz small bottle) 2.33 $ 1.25-3.50
Cigarettes 20 Pack (Marlboro) 5.00 $ 4.50-5.50
Transportation [ Edit ]
One-way Ticket (Local Transport) 0.30 $ 0.25-0.35
Monthly Pass (Regular Price) 30.00 $ 25.00-30.00
Taxi Start (Normal Tariff) 2.00 $ 1.00-3.00
Taxi 1 mile (Normal Tariff) 3.22 $ 2.41-4.83
Taxi 1hour Waiting (Normal Tariff) 10.00 $ 7.00-20.00
Gasoline (1 gallon) 3.07 $ 2.69-3.37
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 16,789.00 $ 13,995.00-20,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 19,164.00 $ 16,500.00-22,000.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 85.56 $ 46.00-150.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.12 $ 0.08-0.25
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 53.19 $ 32.52-80.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 52.00 $ 35.00-70.00
Tennis Court Rent (1 Hour on Weekend) 26.11 $ 20.00-40.00
Cinema, International Release, 1 Seat 6.30 $ 5.00-7.50
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 293.62 $ 175.00-500.00
International Primary School, Yearly for 1 Child 8,138.50 $ 3,600.00-16,000.00
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 50.54 $ 29.99-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 35.30 $ 18.00-55.00
1 Pair of Nike Running Shoes (Mid-Range) 67.52 $ 45.00-90.00
1 Pair of Men Leather Business Shoes 76.22 $ 49.00-110.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 827.14 $ 500.00-1,200.00
Apartment (1 bedroom) Outside of Centre 529.83 $ 350.00-900.00
Apartment (3 bedrooms) in City Centre 1,465.28 $ 900.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 963.97 $ 450.00-1,500.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 202.25 $ 148.64-250.84
Price per Square Feet to Buy Apartment Outside of Centre 136.54 $ 92.90-176.51
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 727.40 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.15 4.50-6.00

Prices in Panama

These data are based on 2062 entries in the past 18 months from 210 different contributors.
Last update: December 2018
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!