Cost of Living in Panama

Summary of cost of living in Panama:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 8.00 $ 4.50-15.00
Meal for 2 People, Mid-range Restaurant, Three-course 50.00 $ 35.00-80.00
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 $ 6.00-8.00
Domestic Beer (1 pint draught) 2.00 $ 1.00-4.00
Imported Beer (12 oz small bottle) 3.50 $ 2.50-6.00
Cappuccino (regular) 3.33 $ 1.50-5.00
Coke/Pepsi (12 oz small bottle) 1.56 $ 1.00-2.50
Water (12 oz small bottle) 1.20 $ 1.00-2.00
Markets
Edit
Milk (regular), (1 gallon) 6.15 $ 5.41-7.38
Loaf of Fresh White Bread (1 lb) 2.01 $ 1.08-2.72
Rice (white), (1 lb) 0.88 $ 0.45-1.47
Eggs (regular) (12) 2.21 $ 1.50-2.76
Local Cheese (1 lb) 4.44 $ 1.50-9.07
Chicken Fillets (1 lb) 3.00 $ 1.47-3.79
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.54 $ 1.75-5.44
Apples (1 lb) 1.35 $ 0.68-2.27
Banana (1 lb) 0.59 $ 0.43-1.36
Oranges (1 lb) 1.15 $ 0.45-1.88
Tomato (1 lb) 1.36 $ 0.45-1.91
Potato (1 lb) 0.90 $ 0.45-1.13
Onion (1 lb) 0.91 $ 0.57-1.36
Lettuce (1 head) 1.92 $ 0.85-3.00
Water (1.5 liter bottle) 1.50 $ 1.00-2.50
Bottle of Wine (Mid-Range) 9.00 $ 5.00-12.00
Domestic Beer (0.5 liter bottle) 1.14 $ 0.55-1.52
Imported Beer (12 oz small bottle) 1.82 $ 1.00-3.00
Cigarettes 20 Pack (Marlboro) 5.75 $ 5.00-7.50
Transportation
Edit
One-way Ticket (Local Transport) 0.35 $ 0.25-1.50
Monthly Pass (Regular Price) 27.50 $ 15.00-40.00
Taxi Start (Normal Tariff) 2.00 $ 1.50-3.00
Taxi 1 mile (Normal Tariff) 3.14 $ 1.61-4.83
Taxi 1hour Waiting (Normal Tariff) 20.00 $ 8.00-25.00
Gasoline (1 gallon) 4.03 $ 3.37-5.41
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 22,000.00 $ 17,000.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 19,090.62 $ 17,000.00-23,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 91.45 $ 48.00-179.07
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.14 $ 0.08-0.20
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 46.75 $ 33.00-80.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 46.89 $ 18.00-100.00
Tennis Court Rent (1 Hour on Weekend) 27.31 $ 10.00-50.00
Cinema, International Release, 1 Seat 6.00 $ 4.50-7.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 362.78 $ 250.00-600.00
International Primary School, Yearly for 1 Child 7,400.60 $ 3,600.00-14,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 47.79 $ 25.00-75.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 38.67 $ 10.00-60.00
1 Pair of Nike Running Shoes (Mid-Range) 70.96 $ 45.00-100.00
1 Pair of Men Leather Business Shoes 82.73 $ 50.00-150.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 797.16 $ 450.00-1,100.00
Apartment (1 bedroom) Outside of Centre 470.29 $ 250.00-800.00
Apartment (3 bedrooms) in City Centre 1,502.86 $ 850.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 867.48 $ 450.00-1,500.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 199.27 $ 127.70-278.71
Price per Square Feet to Buy Apartment Outside of Centre 120.22 $ 74.32-185.80
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 749.52 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.12 5.00-7.00

Prices in Panama

This country had 1301 entries in the past 12 months by 138 different contributors.
Last update: May 2023
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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