Cost of Living in Panama

Summary of cost of living in Panama:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 10.00 $ 4.00-20.00
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 $ 35.00-86.87
McMeal at McDonalds (or Equivalent Combo Meal) 8.00 $ 7.00-9.50
Domestic Beer (1 pint draught) 2.00 $ 1.25-4.00
Imported Beer (12 oz small bottle) 3.25 $ 2.50-6.00
Cappuccino (regular) 3.49 $ 1.50-5.00
Coke/Pepsi (12 oz small bottle) 1.55 $ 1.00-3.00
Water (12 oz small bottle) 1.23 $ 1.00-2.00
Markets
Edit
Milk (regular), (1 gallon) 6.50 $ 5.40-7.60
Loaf of Fresh White Bread (1 lb) 2.12 $ 1.13-2.72
Rice (white), (1 lb) 0.93 $ 0.45-1.81
Eggs (regular) (12) 2.43 $ 1.50-3.30
Local Cheese (1 lb) 4.58 $ 1.50-8.00
Chicken Fillets (1 lb) 3.22 $ 1.59-4.99
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.45 $ 1.50-7.26
Apples (1 lb) 1.42 $ 0.68-2.27
Banana (1 lb) 0.60 $ 0.41-1.36
Oranges (1 lb) 1.23 $ 0.45-2.04
Tomato (1 lb) 1.26 $ 0.45-1.81
Potato (1 lb) 0.93 $ 0.45-1.36
Onion (1 lb) 0.91 $ 0.45-1.50
Lettuce (1 head) 1.87 $ 0.99-3.20
Water (1.5 liter bottle) 1.49 $ 0.80-2.50
Bottle of Wine (Mid-Range) 8.00 $ 5.00-12.00
Domestic Beer (0.5 liter bottle) 1.16 $ 0.62-1.52
Imported Beer (12 oz small bottle) 1.87 $ 1.00-3.00
Cigarettes 20 Pack (Marlboro) 5.75 $ 5.00-9.00
Transportation
Edit
One-way Ticket (Local Transport) 0.47 $ 0.25-1.00
Monthly Pass (Regular Price) 25.00 $ 15.00-30.43
Taxi Start (Normal Tariff) 2.00 $ 1.50-3.00
Taxi 1 mile (Normal Tariff) 2.82 $ 1.61-4.83
Taxi 1hour Waiting (Normal Tariff) 20.00 $ 8.00-25.00
Gasoline (1 gallon) 3.77 $ 3.41-4.92
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 24,250.00 $ 19,500.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 20,188.46 $ 18,000.00-23,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 95.61 $ 52.00-179.07
Mobile Phone Monthly Plan with Calls and 10GB+ Data 30.05 $ 20.00-32.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 47.84 $ 35.00-75.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 48.69 $ 19.00-100.00
Tennis Court Rent (1 Hour on Weekend) 31.50 $ 15.00-50.00
Cinema, International Release, 1 Seat 6.75 $ 5.00-10.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 361.11 $ 250.00-565.00
International Primary School, Yearly for 1 Child 8,240.60 $ 5,000.00-14,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 49.59 $ 25.00-75.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 39.76 $ 10.00-80.00
1 Pair of Nike Running Shoes (Mid-Range) 79.41 $ 45.00-120.00
1 Pair of Men Leather Business Shoes 82.11 $ 50.00-150.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 809.86 $ 450.00-1,200.00
Apartment (1 bedroom) Outside of Centre 535.15 $ 250.00-800.00
Apartment (3 bedrooms) in City Centre 1,739.39 $ 1,000.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,021.10 $ 600.00-2,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 213.38 $ 157.93-278.71
Price per Square Feet to Buy Apartment Outside of Centre 130.06 $ 92.90-185.80
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 800.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.15 5.00-7.00

Prices in Panama

This country had 1102 entries in the past 12 months by 107 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
Distribution of Expenses Using Our Statistical Model:
  
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