Cost of Living in Panama

Summary of cost of living in Panama:

A family of four estimated monthly costs are 2,615.4€ (2,794.1$) without rent.
A single person estimated monthly costs are 726.8€ (776.4$) without rent.
Cost of living in Panama is, on average, 35.1% lower than in United States.
Rent in Panama is, on average, 52.9% lower than in United States.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	9.36 €	3.74-18.72
Meal for 2 People, Mid-range Restaurant, Three-course	56.16 €	32.76-81.32
McMeal at McDonalds (or Equivalent Combo Meal)	7.49 €	6.55-8.89
Domestic Beer (1 pint draught)	1.87 €	1.17-3.74
Imported Beer (12 oz small bottle)	2.93 €	1.87-4.68
Cappuccino (regular)	3.26 €	1.40-4.68
Coke/Pepsi (12 oz small bottle)	1.48 €	0.94-2.81
Water (12 oz small bottle)	1.14 €	0.94-1.87
Markets	Edit
Milk (regular), (1 gallon)	6.08 €	5.14-7.09
Loaf of Fresh White Bread (1 lb)	1.99 €	1.06-2.55
Rice (white), (1 lb)	0.90 €	0.42-1.70
Eggs (regular) (12)	2.31 €	1.40-3.09
Local Cheese (1 lb)	4.41 €	1.66-7.64
Chicken Fillets (1 lb)	3.06 €	1.49-4.68
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	3.51 €	1.49-6.55
Apples (1 lb)	1.29 €	0.64-2.55
Banana (1 lb)	0.57 €	0.38-1.27
Oranges (1 lb)	1.18 €	0.42-1.91
Tomato (1 lb)	1.25 €	0.42-1.70
Potato (1 lb)	0.89 €	0.42-1.27
Onion (1 lb)	0.86 €	0.42-1.70
Lettuce (1 head)	1.81 €	0.93-3.00
Water (1.5 liter bottle)	1.42 €	0.94-2.06
Bottle of Wine (Mid-Range)	7.49 €	4.68-11.23
Domestic Beer (0.5 liter bottle)	1.11 €	0.58-1.49
Imported Beer (12 oz small bottle)	1.78 €	0.94-2.81
Cigarettes 20 Pack (Marlboro)	5.38 €	4.68-8.42
Transportation	Edit
One-way Ticket (Local Transport)	0.42 €	0.23-0.94
Monthly Pass (Regular Price)	23.40 €	14.04-28.48
Taxi Start (Normal Tariff)	1.87 €	1.40-2.81
Taxi 1 mile (Normal Tariff)	2.64 €	1.51-4.52
Taxi 1hour Waiting (Normal Tariff)	18.72 €	7.49-23.40
Gasoline (1 gallon)	3.48 €	3.19-4.61
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	22,698.82 €	18,252.66-23,400.85
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	18,897.09 €	16,848.61-21,528.78
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	91.20 €	48.67-187.21
Mobile Phone Monthly Plan with Calls and 10GB+ Data	27.81 €	18.72-29.95
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	45.53 €	32.76-73.01
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	43.96 €	17.78-93.60
Tennis Court Rent (1 Hour on Weekend)	29.49 €	14.04-46.80
Cinema, International Release, 1 Seat	6.55 €	4.68-9.36
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	338.01 €	234.01-528.86
International Primary School, Yearly for 1 Child	7,713.48 €	4,680.17-13,104.48
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	45.82 €	23.40-65.52
1 Summer Dress in a Chain Store (Zara, H&M, ...)	36.75 €	9.36-56.16
1 Pair of Nike Running Shoes (Mid-Range)	73.74 €	42.12-93.60
1 Pair of Men Leather Business Shoes	79.81 €	46.80-140.41
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	765.14 €	421.22-1,123.24
Apartment (1 bedroom) Outside of Centre	512.34 €	234.01-748.83
Apartment (3 bedrooms) in City Centre	1,580.25 €	936.03-3,276.12
Apartment (3 bedrooms) Outside of Centre	965.14 €	561.62-1,872.07
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	203.33 €	147.83-260.88
Price per Square Feet to Buy Apartment Outside of Centre	121.74 €	86.96-173.92
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	741.89 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.20	5.00-7.00

Prices in Panama

This country had 1224 entries in the past 12 months by 117 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References