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Cost of Living in Panama

Cost of living in Panama is 24.62% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Panama is 41.06% lower than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 7.84 € 4.38-13.83
Meal for 2 People, Mid-range Restaurant, Three-course 32.27 € 23.05-55.31
McMeal at McDonalds (or Equivalent Combo Meal) 6.45 € 4.15-7.38
Domestic Beer (1 pint draught) 1.84 € 1.38-4.61
Imported Beer (12 oz small bottle) 2.77 € 2.30-4.61
Cappuccino (regular) 2.61 € 1.84-3.69
Coke/Pepsi (12 oz small bottle) 1.21 € 0.92-1.84
Water (12 oz small bottle) 0.95 € 0.92-1.83
Markets [ Edit ]
Milk (regular), (1 gallon) 5.28 € 4.36-6.22
Loaf of Fresh White Bread (1 lb) 1.65 € 0.84-2.34
Rice (white), (1 lb) 0.68 € 0.37-1.05
Eggs (regular) (12) 1.85 € 1.57-2.58
Local Cheese (1 lb) 4.64 € 2.09-8.36
Chicken Fillets (1 lb) 2.93 € 2.09-3.46
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.91 € 2.51-6.27
Apples (1 lb) 1.35 € 0.92-1.67
Banana (1 lb) 0.59 € 0.42-1.05
Oranges (1 lb) 1.12 € 0.65-1.67
Tomato (1 lb) 1.12 € 0.78-1.46
Potato (1 lb) 0.77 € 0.46-1.05
Onion (1 lb) 0.82 € 0.55-1.15
Lettuce (1 head) 1.69 € 0.92-2.40
Water (1.5 liter bottle) 1.41 € 1.11-1.84
Bottle of Wine (Mid-Range) 8.53 € 5.99-11.06
Domestic Beer (0.5 liter bottle) 0.81 € 0.46-1.38
Imported Beer (12 oz small bottle) 2.17 € 1.15-2.77
Cigarettes 20 Pack (Marlboro) 4.61 € 4.15-5.53
Transportation [ Edit ]
One-way Ticket (Local Transport) 0.23 € 0.23-0.32
Monthly Pass (Regular Price) 20.74 € 13.83-36.88
Taxi Start (Normal Tariff) 1.84 € 1.15-2.77
Taxi 1 mile (Normal Tariff) 2.97 € 2.23-4.45
Taxi 1hour Waiting (Normal Tariff) 9.22 € 6.45-13.83
Gasoline (1 gallon) 2.82 € 2.48-3.11
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 16,456.09 € 12,906.74-20,282.02
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 17,454.12 € 14,750.56-20,282.02
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 83.72 € 46.10-156.72
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.12 € 0.06-0.23
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 39.82 € 27.66-60.85
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 40.64 € 23.05-55.31
Tennis Court Rent (1 Hour on Weekend) 23.05 € 9.22-41.49
Cinema, International Release, 1 Seat 5.53 € 3.69-7.38
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 225.95 € 92.19-460.96
International Primary School, Yearly for 1 Child 5,819.78 € 2,304.78-14,750.56
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 41.06 € 27.65-64.53
1 Summer Dress in a Chain Store (Zara, H&M, ...) 32.64 € 23.05-46.10
1 Pair of Nike Running Shoes (Mid-Range) 59.09 € 41.49-82.05
1 Pair of Men Leather Business Shoes 76.79 € 46.10-110.63
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 704.60 € 460.96-1,106.29
Apartment (1 bedroom) Outside of Centre 469.34 € 258.13-645.34
Apartment (3 bedrooms) in City Centre 1,283.40 € 783.62-1,843.82
Apartment (3 bedrooms) Outside of Centre 857.13 € 460.96-1,198.48
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 178.75 € 111.34-239.81
Price per Square Feet to Buy Apartment Outside of Centre 122.63 € 85.65-171.30
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 672.07 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.33 4.15-5.99

Prices in Panama

These data are based on 2189 entries in the past 18 months from 229 different contributors.
Last update: February 2020
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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ItalianoCosto della Vita a 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, David, Panama City

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