Cost of Living in Panama

Summary of cost of living in Panama:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 10.00 $ 5.00-20.00
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 $ 35.00-80.00
McMeal at McDonalds (or Equivalent Combo Meal) 8.00 $ 7.00-9.50
Domestic Beer (1 pint draught) 2.00 $ 1.00-4.00
Imported Beer (12 oz small bottle) 3.50 $ 2.00-6.00
Cappuccino (regular) 3.53 $ 1.50-5.00
Coke/Pepsi (12 oz small bottle) 1.61 $ 1.00-3.00
Water (12 oz small bottle) 1.28 $ 1.00-2.00
Markets
Edit
Milk (regular), (1 gallon) 6.67 $ 5.49-7.60
Loaf of Fresh White Bread (1 lb) 2.15 $ 1.41-2.72
Rice (white), (1 lb) 0.95 $ 0.45-1.81
Eggs (regular) (12) 2.51 $ 1.20-3.36
Local Cheese (1 lb) 5.04 $ 1.50-11.34
Chicken Fillets (1 lb) 3.28 $ 1.59-5.35
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.83 $ 1.50-7.26
Apples (1 lb) 1.45 $ 0.68-2.72
Banana (1 lb) 0.63 $ 0.41-1.36
Oranges (1 lb) 1.20 $ 0.45-2.04
Tomato (1 lb) 1.25 $ 0.45-1.81
Potato (1 lb) 0.93 $ 0.45-1.36
Onion (1 lb) 0.95 $ 0.45-1.81
Lettuce (1 head) 1.97 $ 1.00-3.20
Water (1.5 liter bottle) 1.49 $ 0.80-2.50
Bottle of Wine (Mid-Range) 9.00 $ 5.00-14.00
Domestic Beer (0.5 liter bottle) 1.15 $ 0.60-1.59
Imported Beer (12 oz small bottle) 1.84 $ 1.00-2.80
Cigarettes 20 Pack (Marlboro) 5.50 $ 5.00-7.50
Transportation
Edit
One-way Ticket (Local Transport) 0.50 $ 0.35-1.50
Monthly Pass (Regular Price) 25.00 $ 20.00-30.43
Taxi Start (Normal Tariff) 2.00 $ 1.50-3.00
Taxi 1 mile (Normal Tariff) 3.22 $ 2.41-6.44
Taxi 1hour Waiting (Normal Tariff) 20.00 $ 10.00-25.00
Gasoline (1 gallon) 3.67 $ 3.37-5.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 19,750.00 $ 15,000.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 19,666.67 $ 18,000.00-25,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 100.02 $ 55.00-212.50
Mobile Phone Monthly Plan with Calls and 10GB+ Data 29.35 $ 17.00-32.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 49.59 $ 39.00-78.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 53.11 $ 26.00-100.00
Tennis Court Rent (1 Hour on Weekend) 31.67 $ 10.00-50.00
Cinema, International Release, 1 Seat 7.00 $ 5.00-12.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 365.00 $ 250.00-565.00
International Primary School, Yearly for 1 Child 7,822.89 $ 5,000.00-14,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 50.18 $ 25.00-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 38.08 $ 10.00-60.00
1 Pair of Nike Running Shoes (Mid-Range) 80.24 $ 45.00-100.00
1 Pair of Men Leather Business Shoes 96.54 $ 50.00-200.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 809.56 $ 400.00-1,500.00
Apartment (1 bedroom) Outside of Centre 565.65 $ 275.00-900.00
Apartment (3 bedrooms) in City Centre 1,691.12 $ 900.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,062.00 $ 600.00-2,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 219.75 $ 157.93-278.71
Price per Square Feet to Buy Apartment Outside of Centre 148.64 $ 92.90-185.80
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 782.73 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.12 4.00-7.00

Prices in Panama

This country had 1293 entries in the past 12 months by 131 different contributors.
Last update: July 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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