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Cost of Living in Panama

Cost of living in Panama is 25.10% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Panama is 37.09% lower than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 7.17 € 4.48-10.76
Meal for 2 People, Mid-range Restaurant, Three-course 35.87 € 25.11-54.71
McMeal at McDonalds (or Equivalent Combo Meal) 5.83 € 4.48-6.73
Domestic Beer (1 pint draught) 1.79 € 0.90-2.69
Imported Beer (12 oz small bottle) 2.91 € 2.24-4.48
Cappuccino (regular) 2.39 € 1.35-3.36
Coke/Pepsi (12 oz small bottle) 1.13 € 0.68-1.79
Water (12 oz small bottle) 0.91 € 0.67-1.79
Markets [ Edit ]
Milk (regular), (1 gallon) 5.06 € 4.24-5.94
Loaf of Fresh White Bread (1 lb) 1.55 € 0.81-2.03
Rice (white), (1 lb) 0.61 € 0.36-0.92
Eggs (regular) (12) 1.80 € 1.57-2.47
Local Cheese (1 lb) 3.36 € 1.43-5.83
Chicken Breasts (Boneless, Skinless), (1 lb) 2.48 € 1.83-3.36
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.46 € 2.24-5.70
Apples (1 lb) 1.34 € 0.93-2.03
Banana (1 lb) 0.46 € 0.40-0.81
Oranges (1 lb) 1.06 € 0.41-2.44
Tomato (1 lb) 1.09 € 0.76-1.53
Potato (1 lb) 0.63 € 0.45-0.98
Onion (1 lb) 0.72 € 0.54-0.92
Lettuce (1 head) 1.60 € 0.76-2.33
Water (1.5 liter bottle) 1.37 € 0.90-1.79
Bottle of Wine (Mid-Range) 7.40 € 6.28-10.76
Domestic Beer (0.5 liter bottle) 0.76 € 0.38-1.35
Imported Beer (12 oz small bottle) 2.03 € 1.12-2.69
Cigarettes 20 Pack (Marlboro) 4.48 € 3.81-5.38
Transportation [ Edit ]
One-way Ticket (Local Transport) 0.22 € 0.22-0.31
Monthly Pass (Regular Price) 26.91 € 16.14-31.39
Taxi Start (Normal Tariff) 1.79 € 1.12-2.24
Taxi 1 mile (Normal Tariff) 2.89 € 2.17-4.33
Taxi 1hour Waiting (Normal Tariff) 8.97 € 6.73-13.45
Gasoline (1 gallon) 2.70 € 2.33-3.06
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 15,246.64 € 12,556.05-17,937.22
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 17,104.93 € 14,798.21-19,730.94
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 79.78 € 40.36-152.47
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.11 € 0.07-0.27
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 42.70 € 26.91-62.78
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 44.04 € 26.91-58.30
Tennis Court Rent (1 Hour on Weekend) 24.50 € 13.45-40.36
Cinema, International Release, 1 Seat 5.49 € 4.48-6.73
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 251.51 € 107.62-466.37
International Primary School, Yearly for 1 Child 6,371.50 € 3,139.01-14,349.78
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 42.27 € 22.42-62.78
1 Summer Dress in a Chain Store (Zara, H&M, ...) 33.31 € 17.94-49.33
1 Pair of Nike Running Shoes (Mid-Range) 58.64 € 35.87-80.72
1 Pair of Men Leather Business Shoes 68.20 € 42.15-98.65
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 725.54 € 448.43-1,121.08
Apartment (1 bedroom) Outside of Centre 479.57 € 313.90-717.49
Apartment (3 bedrooms) in City Centre 1,284.04 € 807.17-1,793.72
Apartment (3 bedrooms) Outside of Centre 875.03 € 538.12-1,345.29
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 182.32 € 133.31-233.30
Price per Square Feet to Buy Apartment Outside of Centre 121.73 € 83.32-166.64
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 655.38 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.17 4.04-5.83

Prices in Panama

These data are based on 2398 entries in the past 18 months from 233 different contributors.
Last update: May 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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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, Bugaba, Changuinola, Chepo, Chilibre, Colon, El Coco, El Valle de Anton, Gorgona, La Cabima, ... Update information for Panama!