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Cost of Living in Panama

Cost of living in Panama is 24.47% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Panama is 38.86% lower than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 10.00 $ 5.00-15.00
Meal for 2 People, Mid-range Restaurant, Three-course 35.00 $ 28.00-65.00
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 $ 5.00-8.00
Domestic Beer (1 pint draught) 2.00 $ 1.50-4.00
Imported Beer (12 oz small bottle) 3.25 $ 2.50-5.00
Cappuccino (regular) 2.67 $ 1.95-4.00
Coke/Pepsi (12 oz small bottle) 1.28 $ 0.85-2.00
Water (12 oz small bottle) 1.00 $ 0.75-1.50
Markets [ Edit ]
Milk (regular), (1 gallon) 5.63 $ 4.73-6.62
Loaf of Fresh White Bread (1 lb) 1.73 $ 0.91-2.27
Rice (white), (1 lb) 0.70 $ 0.40-1.13
Eggs (regular) (12) 2.08 $ 1.75-2.98
Local Cheese (1 lb) 4.45 $ 2.27-6.80
Chicken Breasts (Boneless, Skinless), (1 lb) 3.06 $ 2.04-4.54
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.19 $ 2.72-6.80
Apples (1 lb) 1.49 $ 1.00-2.27
Banana (1 lb) 0.58 $ 0.45-1.00
Oranges (1 lb) 1.20 $ 0.45-1.81
Tomato (1 lb) 1.26 $ 0.85-1.70
Potato (1 lb) 0.75 $ 0.50-1.09
Onion (1 lb) 0.83 $ 0.60-1.13
Lettuce (1 head) 1.85 $ 1.00-2.50
Water (1.5 liter bottle) 1.56 $ 1.20-2.00
Bottle of Wine (Mid-Range) 9.25 $ 7.00-12.00
Domestic Beer (0.5 liter bottle) 0.88 $ 0.43-1.50
Imported Beer (12 oz small bottle) 2.43 $ 1.75-3.50
Cigarettes 20 Pack (Marlboro) 5.00 $ 4.78-6.00
Transportation [ Edit ]
One-way Ticket (Local Transport) 0.25 $ 0.25-0.35
Monthly Pass (Regular Price) 30.00 $ 16.80-35.00
Taxi Start (Normal Tariff) 2.00 $ 1.25-3.00
Taxi 1 mile (Normal Tariff) 3.22 $ 2.50-4.83
Taxi 1hour Waiting (Normal Tariff) 10.00 $ 7.50-15.00
Gasoline (1 gallon) 3.03 $ 2.65-3.37
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 17,000.00 $ 15,000.00-20,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 18,959.58 $ 16,000.00-22,000.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 94.43 $ 56.67-170.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.13 $ 0.08-0.25
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 44.78 $ 30.00-66.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 43.03 $ 25.00-60.00
Tennis Court Rent (1 Hour on Weekend) 25.00 $ 10.00-45.00
Cinema, International Release, 1 Seat 6.00 $ 5.00-7.50
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 257.79 $ 100.00-500.00
International Primary School, Yearly for 1 Child 6,454.23 $ 2,500.00-16,000.00
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 45.33 $ 26.00-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 34.66 $ 20.00-50.00
1 Pair of Nike Running Shoes (Mid-Range) 64.85 $ 40.00-90.00
1 Pair of Men Leather Business Shoes 79.97 $ 47.00-120.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 802.78 $ 500.00-1,200.00
Apartment (1 bedroom) Outside of Centre 535.61 $ 300.00-800.00
Apartment (3 bedrooms) in City Centre 1,385.29 $ 900.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 980.26 $ 600.00-1,500.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 197.54 $ 139.35-260.13
Price per Square Feet to Buy Apartment Outside of Centre 134.25 $ 92.90-185.80
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 711.25 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.28 4.50-6.50

Prices in Panama

These data are based on 2268 entries in the past 18 months from 230 different contributors.
Last update: October 2019
Our data for each country are based on all entries from all cities in that country.
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DeutschLebenshaltungskosten in Panama
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Cost of Living in this country for some cities: Boquete, Panama City

We would like to gather more data for: Aguadulce, Bocas del Toro, Bugaba, Changuinola, Chepo, Chilibre, Colon, El Coco, El Valle de Anton, Gorgona, La Cabima, ... Update information for Panama!