NUMBEO

Cost of Living in Panama

Cost of living in Panama is 26.79% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Panama is 27.03% lower than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 7.25 $ 5.00-10.00
Meal for 2 People, Mid-range Restaurant, Three-course 36.00 $ 25.00-50.00
McMeal at McDonalds (or Equivalent Combo Meal) 6.00 $ 5.00-7.00
Domestic Beer (1 pint draught) 1.50 $ 1.00-2.00
Imported Beer (11.2 oz small bottle) 3.00 $ 1.95-4.00
Cappuccino (regular) 2.55 $ 1.50-3.50
Coke/Pepsi (11.2 oz small bottle) 1.09 $ 0.75-1.50
Water (11.2 oz small bottle) 0.98 $ 0.75-1.50
Markets [ Edit ]
Milk (regular), (1 gallon) 5.44 $ 4.62-6.62
Loaf of Fresh White Bread (1 lb) 1.77 $ 1.09-2.50
Rice (white), (1 lb) 0.71 $ 0.41-1.13
Eggs (regular) (12) 2.01 $ 1.85-2.50
Local Cheese (1 lb) 3.26 $ 1.36-5.16
Chicken Breasts (Boneless, Skinless), (1 lb) 2.85 $ 1.81-4.08
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.37 $ 2.18-4.31
Apples (1 lb) 1.42 $ 0.92-2.27
Banana (1 lb) 0.48 $ 0.34-0.68
Oranges (1 lb) 1.69 $ 0.50-2.72
Tomato (1 lb) 1.17 $ 0.68-1.81
Potato (1 lb) 0.70 $ 0.40-1.13
Onion (1 lb) 0.71 $ 0.27-1.36
Lettuce (1 head) 1.35 $ 0.85-2.00
Water (1.5 liter bottle) 1.38 $ 1.00-2.00
Bottle of Wine (Mid-Range) 8.00 $ 6.00-12.00
Domestic Beer (0.5 liter bottle) 0.78 $ 0.55-1.25
Imported Beer (11.2 oz small bottle) 2.04 $ 1.00-3.00
Pack of Cigarettes (Marlboro) 5.00 $ 4.00-5.00
Transportation [ Edit ]
One-way Ticket (Local Transport) 0.35 $ 0.25-0.35
Monthly Pass (Regular Price) 30.00 $ 25.00-36.26
Taxi Start (Normal Tariff) 1.50 $ 1.00-2.50
Taxi 1 mile (Normal Tariff) 3.00 $ 2.00-4.02
Taxi 1hour Waiting (Normal Tariff) 10.00 $ 6.50-15.00
Gasoline (1 gallon) 2.71 $ 2.46-3.14
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 17,000.00 $ 14,000.00-22,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 20,133.00 $ 16,000.00-25,000.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 70.70 $ 35.42-121.43
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.12 $ 0.08-0.20
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 41.86 $ 25.00-70.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 55.39 $ 35.00-75.00
Tennis Court Rent (1 Hour on Weekend) 20.62 $ 15.00-25.00
Cinema, International Release, 1 Seat 6.00 $ 4.50-8.00
Childcare [ Edit ]
Preschool (or Kindergarten), Private, Monthly for 1 Child 214.50 $ 100.00-300.00
International Primary School, Yearly for 1 Child 6,261.63 $ 2,400.00-12,000.00
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 48.80 $ 30.00-65.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 35.71 $ 25.00-60.00
1 Pair of Nike Running Shoes (Mid-Range) 75.15 $ 50.00-99.00
1 Pair of Men Leather Business Shoes 75.24 $ 49.00-100.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 856.58 $ 550.00-1,300.00
Apartment (1 bedroom) Outside of Centre 541.94 $ 350.00-800.00
Apartment (3 bedrooms) in City Centre 1,608.33 $ 900.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 986.29 $ 650.00-1,500.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 198.16 $ 167.22-278.71
Price per Square Feet to Buy Apartment Outside of Centre 128.75 $ 92.90-167.22
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 629.04 $
Mortgage Interest Rate in Percentages (%), Yearly 5.15 4.50-6.50

Prices in Panama

These data are based on 2108 entries in the past 18 months from 205 different contributors.
Last update: September 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!