Cost of Living in Panama

Cost of living in Panama is 24.78% lower than in United States (aggregate data for all cities, rent is not taken into account).

Rent in Panama is, on average, 44.90% lower than in United States.

Restaurants
[ Edit ] Range
Meal, Inexpensive Restaurant 8.00 $ 4.00-20.00
Meal for 2 People, Mid-range Restaurant, Three-course 45.00 $ 25.00-80.00
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) 3.00 $ 2.50-5.00
Cappuccino (regular) 2.92 $ 1.50-5.00
Coke/Pepsi (12 oz small bottle) 1.33 $ 1.00-2.00
Water (12 oz small bottle) 1.07 $ 1.00-2.00
Markets
[ Edit ]
Milk (regular), (1 gallon) 5.78 $ 4.73-7.57
Loaf of Fresh White Bread (1 lb) 1.79 $ 0.84-2.68
Rice (white), (1 lb) 0.87 $ 0.40-1.65
Eggs (regular) (12) 2.06 $ 1.50-3.02
Local Cheese (1 lb) 4.49 $ 1.81-13.61
Chicken Fillets (1 lb) 3.33 $ 1.46-4.54
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.56 $ 1.75-9.07
Apples (1 lb) 1.52 $ 0.65-2.49
Banana (1 lb) 0.73 $ 0.45-1.36
Oranges (1 lb) 1.19 $ 0.45-2.72
Tomato (1 lb) 1.23 $ 0.50-2.27
Potato (1 lb) 0.96 $ 0.41-1.36
Onion (1 lb) 1.01 $ 0.54-1.36
Lettuce (1 head) 1.77 $ 0.85-2.60
Water (1.5 liter bottle) 1.51 $ 1.00-2.00
Bottle of Wine (Mid-Range) 10.00 $ 6.00-15.00
Domestic Beer (0.5 liter bottle) 1.00 $ 0.60-1.52
Imported Beer (12 oz small bottle) 2.10 $ 1.24-3.00
Cigarettes 20 Pack (Marlboro) 5.88 $ 5.00-8.00
Transportation
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One-way Ticket (Local Transport) 0.25 $ 0.25-0.50
Monthly Pass (Regular Price) 22.50 $ 15.00-60.00
Taxi Start (Normal Tariff) 2.00 $ 1.50-3.00
Taxi 1 mile (Normal Tariff) 3.22 $ 2.41-4.83
Taxi 1hour Waiting (Normal Tariff) 10.00 $ 7.00-20.00
Gasoline (1 gallon) 3.02 $ 2.46-3.67
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 18,000.00 $ 17,000.00-20,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 19,090.45 $ 18,000.00-21,000.00
Utilities (Monthly)
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Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 91.76 $ 55.00-150.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.15 $ 0.08-0.20
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 44.56 $ 30.00-75.00
Sports And Leisure
[ Edit ]
Fitness Club, Monthly Fee for 1 Adult 43.89 $ 20.00-65.00
Tennis Court Rent (1 Hour on Weekend) 25.91 $ 10.00-45.00
Cinema, International Release, 1 Seat 6.00 $ 4.50-8.50
Childcare
[ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 283.00 $ 100.00-500.00
International Primary School, Yearly for 1 Child 7,366.33 $ 2,700.00-17,608.00
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 46.37 $ 25.00-75.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 38.75 $ 20.00-65.00
1 Pair of Nike Running Shoes (Mid-Range) 67.56 $ 40.00-90.00
1 Pair of Men Leather Business Shoes 85.76 $ 45.00-125.00
Rent Per Month
[ Edit ]
Apartment (1 bedroom) in City Centre 735.53 $ 450.00-1,200.00
Apartment (1 bedroom) Outside of Centre 484.71 $ 250.00-700.00
Apartment (3 bedrooms) in City Centre 1,380.49 $ 850.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 878.32 $ 500.00-1,500.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 204.17 $ 167.22-278.71
Price per Square Feet to Buy Apartment Outside of Centre 142.86 $ 92.90-211.35
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 753.94 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.42 4.40-7.00

Prices in Panama

This country had 2246 entries in the past 12 months by 191 different contributors.
Last update: November 2020
Our data for each country are based on all entries from all cities in that country.
Sources and References
  
This page in other languages:

DeutschLebenshaltungskosten in Panama
PortuguêsCusto de Vida no Panamá
ItalianoCosto della Vita a Panama
FrançaisCoût de la Vie au Panama
EspañolCosto de Vida en Panamá