Cost of Living in Panama

Summary of cost of living in Panama:

A family of four estimated monthly costs are 2,808.1B./ (2,808.1$) without rent.
A single person estimated monthly costs are 780.9B./ (780.9$) without rent.
Cost of living in Panama is, on average, 34.7% lower than in United States.
Rent in Panama is, on average, 52.4% lower than in United States.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	10.00 B./	5.00-20.00
Meal for 2 People, Mid-range Restaurant, Three-course	60.00 B./	35.00-86.87
McMeal at McDonalds (or Equivalent Combo Meal)	8.00 B./	7.00-9.50
Domestic Beer (1 pint draught)	2.00 B./	1.25-4.00
Imported Beer (12 oz small bottle)	3.13 B./	2.00-5.00
Cappuccino (regular)	3.49 B./	1.50-5.00
Coke/Pepsi (12 oz small bottle)	1.57 B./	1.00-3.00
Water (12 oz small bottle)	1.22 B./	1.00-2.00
Markets	Edit
Milk (regular), (1 gallon)	6.55 B./	5.49-7.60
Loaf of Fresh White Bread (1 lb)	2.11 B./	1.13-2.72
Rice (white), (1 lb)	0.95 B./	0.45-1.81
Eggs (regular) (12)	2.48 B./	1.50-3.30
Local Cheese (1 lb)	4.71 B./	1.77-8.16
Chicken Fillets (1 lb)	3.27 B./	1.59-5.00
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	3.75 B./	1.59-7.00
Apples (1 lb)	1.46 B./	0.68-2.72
Banana (1 lb)	0.60 B./	0.40-1.15
Oranges (1 lb)	1.26 B./	0.45-2.04
Tomato (1 lb)	1.33 B./	0.45-1.81
Potato (1 lb)	0.95 B./	0.45-1.36
Onion (1 lb)	0.96 B./	0.45-1.81
Lettuce (1 head)	1.93 B./	0.99-3.20
Water (1.5 liter bottle)	1.51 B./	0.80-2.50
Bottle of Wine (Mid-Range)	9.00 B./	5.00-12.00
Domestic Beer (0.5 liter bottle)	1.15 B./	0.62-1.52
Imported Beer (12 oz small bottle)	1.88 B./	1.00-3.00
Cigarettes 20 Pack (Marlboro)	5.62 B./	5.00-9.00
Transportation	Edit
One-way Ticket (Local Transport)	0.50 B./	0.30-1.00
Monthly Pass (Regular Price)	25.00 B./	15.00-30.43
Taxi Start (Normal Tariff)	2.00 B./	1.50-3.00
Taxi 1 mile (Normal Tariff)	2.82 B./	1.61-4.83
Taxi 1hour Waiting (Normal Tariff)	20.00 B./	8.00-25.00
Gasoline (1 gallon)	3.71 B./	3.41-4.92
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	24,250.00 B./	19,500.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	20,188.46 B./	18,000.00-23,000.00
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	98.77 B./	55.00-200.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data	29.71 B./	20.00-32.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	49.07 B./	39.00-78.00
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	47.54 B./	18.00-100.00
Tennis Court Rent (1 Hour on Weekend)	31.50 B./	15.00-50.00
Cinema, International Release, 1 Seat	7.00 B./	5.00-10.00
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	361.11 B./	250.00-565.00
International Primary School, Yearly for 1 Child	8,240.60 B./	5,000.00-14,000.00
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	48.95 B./	25.00-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)	39.26 B./	10.00-60.00
1 Pair of Nike Running Shoes (Mid-Range)	78.78 B./	45.00-100.00
1 Pair of Men Leather Business Shoes	85.26 B./	50.00-150.00
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	795.57 B./	400.00-1,200.00
Apartment (1 bedroom) Outside of Centre	540.94 B./	250.00-800.00
Apartment (3 bedrooms) in City Centre	1,753.12 B./	1,000.00-3,500.00
Apartment (3 bedrooms) Outside of Centre	1,000.92 B./	593.72-1,600.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	217.23 B./	157.93-278.71
Price per Square Feet to Buy Apartment Outside of Centre	130.06 B./	92.90-185.80
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	792.59 B./
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