Cost of Living in Panama

Summary of cost of living in Panama:

A family of four estimated monthly costs are 2,886.2B./ (2,886.2$) without rent.
A single person estimated monthly costs are 802.3B./ (802.3$) without rent.
Cost of living in Panama is, on average, 33.0% lower than in United States.
Rent in Panama is, on average, 46.3% lower than in United States.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	10.00 B./	4.50-20.00
Meal for 2 People, Mid-range Restaurant, Three-course	55.00 B./	35.00-80.00
McMeal at McDonalds (or Equivalent Combo Meal)	8.00 B./	7.00-9.00
Domestic Beer (1 pint draught)	2.00 B./	1.50-4.00
Imported Beer (12 oz small bottle)	3.86 B./	2.00-6.00
Cappuccino (regular)	3.52 B./	1.95-5.00
Coke/Pepsi (12 oz small bottle)	1.63 B./	1.00-3.00
Water (12 oz small bottle)	1.29 B./	1.00-2.00
Markets	Edit
Milk (regular), (1 gallon)	6.73 B./	5.49-7.57
Loaf of Fresh White Bread (1 lb)	2.16 B./	1.32-3.08
Rice (white), (1 lb)	1.04 B./	0.45-1.99
Eggs (regular) (12)	2.59 B./	1.50-3.50
Local Cheese (1 lb)	5.53 B./	1.81-11.34
Chicken Fillets (1 lb)	3.27 B./	1.59-5.00
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	3.96 B./	1.50-7.26
Apples (1 lb)	1.69 B./	0.68-2.95
Banana (1 lb)	0.63 B./	0.41-1.36
Oranges (1 lb)	1.22 B./	0.45-2.00
Tomato (1 lb)	1.34 B./	0.45-1.81
Potato (1 lb)	0.94 B./	0.45-1.36
Onion (1 lb)	1.02 B./	0.45-1.86
Lettuce (1 head)	2.07 B./	1.00-3.20
Water (1.5 liter bottle)	1.49 B./	1.00-2.50
Bottle of Wine (Mid-Range)	9.00 B./	5.00-14.00
Domestic Beer (0.5 liter bottle)	1.18 B./	0.60-1.79
Imported Beer (12 oz small bottle)	2.02 B./	1.00-4.00
Cigarettes 20 Pack (Marlboro)	5.63 B./	5.00-9.00
Transportation	Edit
One-way Ticket (Local Transport)	0.50 B./	0.35-1.50
Monthly Pass (Regular Price)	25.00 B./	20.00-30.43
Taxi Start (Normal Tariff)	2.50 B./	1.50-3.50
Taxi 1 mile (Normal Tariff)	3.22 B./	2.41-8.05
Taxi 1hour Waiting (Normal Tariff)	21.00 B./	14.00-25.00
Gasoline (1 gallon)	3.66 B./	3.37-5.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	20,000.00 B./	19,000.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	21,256.25 B./	19,000.00-25,000.00
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	105.51 B./	60.00-212.50
Mobile Phone Monthly Plan with Calls and 10GB+ Data	29.55 B./	20.00-32.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	48.73 B./	40.00-75.00
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	55.41 B./	26.00-100.00
Tennis Court Rent (1 Hour on Weekend)	33.33 B./	20.00-50.00
Cinema, International Release, 1 Seat	7.00 B./	6.00-15.00
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	466.88 B./	300.00-800.00
International Primary School, Yearly for 1 Child	9,728.44 B./	6,000.00-20,000.00
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	48.31 B./	25.00-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)	37.86 B./	10.00-80.00
1 Pair of Nike Running Shoes (Mid-Range)	83.18 B./	45.00-100.00
1 Pair of Men Leather Business Shoes	105.00 B./	50.00-200.00
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	872.30 B./	500.00-1,500.00
Apartment (1 bedroom) Outside of Centre	651.82 B./	350.00-1,200.00
Apartment (3 bedrooms) in City Centre	1,783.31 B./	1,200.00-3,000.00
Apartment (3 bedrooms) Outside of Centre	1,280.36 B./	600.00-2,200.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	217.42 B./	127.70-278.71
Price per Square Feet to Buy Apartment Outside of Centre	143.56 B./	92.90-204.38
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	860.24 B./
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.36	4.00-7.00

Prices in Panama

This country had 1541 entries in the past 12 months by 159 different contributors.
Last update: December 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References