Cost of Living in Panama

Summary of cost of living in Panama:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 10.00 B./ 4.00-20.00
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) 3.50 B./ 2.50-6.00
Cappuccino (regular) 3.49 B./ 1.50-5.00
Coke/Pepsi (12 oz small bottle) 1.58 B./ 1.00-3.00
Water (12 oz small bottle) 1.21 B./ 1.00-2.00
Markets
Edit
Milk (regular), (1 gallon) 6.50 B./ 5.49-7.57
Loaf of Fresh White Bread (1 lb) 2.13 B./ 1.13-2.72
Rice (white), (1 lb) 0.96 B./ 0.45-1.81
Eggs (regular) (12) 2.47 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) 1.38 B./ 0.68-2.72
Banana (1 lb) 0.61 B./ 0.41-1.36
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) 0.92 B./ 0.45-1.81
Lettuce (1 head) 1.93 B./ 0.99-3.20
Water (1.5 liter bottle) 1.51 B./ 1.00-2.20
Bottle of Wine (Mid-Range) 8.00 B./ 5.00-12.00
Domestic Beer (0.5 liter bottle) 1.18 B./ 0.62-1.59
Imported Beer (12 oz small bottle) 1.90 B./ 1.00-3.00
Cigarettes 20 Pack (Marlboro) 5.75 B./ 5.00-9.00
Transportation
Edit
One-way Ticket (Local Transport) 0.45 B./ 0.25-1.00
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) 3.72 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 97.43 B./ 52.00-200.00
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) 48.65 B./ 35.00-78.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 46.96 B./ 19.00-100.00
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 817.43 B./ 450.00-1,200.00
Apartment (1 bedroom) Outside of Centre 547.35 B./ 250.00-800.00
Apartment (3 bedrooms) in City Centre 1,688.24 B./ 1,000.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,031.10 B./ 600.00-2,000.00
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
Distribution of Expenses Using Our Statistical Model:
  
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