Cost of Living in Panama

Summary of cost of living in Panama:

The estimated monthly costs for a family of four are 2,852.7B./ (2,852.7$), excluding rent.
The estimated monthly costs for a single person are 782.3B./ (782.3$), excluding rent.
Cost of living in Panama is, on average, 33.8% lower than in United States.
Rent in Panama is, on average, 42.2% lower than in United States.

Restaurants	Edit	Range
Meal at an Inexpensive Restaurant	10.00 B./	5.00-20.00
Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks)	50.00 B./	35.00-85.00
Combo Meal at McDonald's (or Equivalent Fast-Food Meal)	7.74 B./	7.00-9.00
Domestic Draft Beer (1 Pint)	2.50 B./	1.00-3.30
Imported Beer (12 oz Small Bottle)	3.50 B./	2.40-5.00
Cappuccino (Regular Size)	3.57 B./	2.00-5.00
Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle)	1.45 B./	1.00-2.00
Bottled Water (12 oz)	1.19 B./	1.00-2.00

Markets	Edit
Milk (Regular, 1 Liter)	1.80 B./	1.49-2.00
Fresh White Bread (1 lb Loaf)	2.24 B./	1.59-3.60
White Rice (1 lb)	1.10 B./	0.50-1.99
Eggs (12, Large Size)	2.69 B./	2.00-3.60
Local Cheese (1 lb)	5.27 B./	1.81-8.00
Chicken Fillets (1 lb)	3.16 B./	1.59-4.00
Beef Round or Equivalent Back Leg Red Meat (1 lb)	4.36 B./	2.72-6.80
Apples (1 lb)	1.89 B./	0.91-2.72
Bananas (1 lb)	0.60 B./	0.45-1.36
Oranges (1 lb)	1.50 B./	0.45-2.95
Tomatoes (1 lb)	1.34 B./	0.70-2.25
Potatoes (1 lb)	0.96 B./	0.68-1.50
Onions (1 lb)	1.20 B./	0.57-2.00
Lettuce (1 Head)	2.15 B./	1.03-3.00
Bottled Water (50 oz)	1.55 B./	1.00-2.00
Bottle of Wine (Mid-Range)	10.00 B./	7.00-15.00
Domestic Beer (16.9 oz Bottle)	1.37 B./	0.75-2.27
Imported Beer (12 oz Small Bottle)	2.29 B./	1.10-4.00
Cigarettes (Pack of 20, Marlboro)	5.92 B./	5.00-6.50

Transportation	Edit
One-Way Ticket (Local Transport)	0.55 B./	0.35-1.75
Monthly Public Transport Pass (Regular Price)	21.00 B./	15.00-25.00
Taxi Start (Standard Tariff)	2.50 B./	1.50-3.00
Taxi 1 mile (Standard Tariff)	3.00 B./	2.91-6.44
Taxi 1 Hour Waiting (Standard Tariff)	22.00 B./	14.00-25.00
Gasoline (1 Liter)	0.93 B./	0.87-1.20
Volkswagen Golf 1.5 (or Equivalent New Compact Car)	21,262.00 B./	21,262.00-25,000.00
Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car)	22,301.85 B./	20,000.00-24,000.00

Utilities (Monthly)	Edit
Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage)	113.12 B./	61.00-200.00
Mobile Phone Plan (Monthly, with Calls and 10GB+ Data)	28.68 B./	20.00-40.00
Broadband Internet (Unlimited Data, 60 Mbps or Higher)	47.45 B./	38.00-60.00

Sports And Leisure	Edit
Monthly Fitness Club Membership	47.72 B./	26.00-100.00
Tennis Court Rental (1 Hour, Weekend)	26.89 B./	10.00-50.00
Cinema Ticket (International Release)	7.25 B./	6.00-15.00

Childcare	Edit
Private Full-Day Preschool or Kindergarten, Monthly Fee per Child	466.67 B./	300.00-650.00
International Primary School, Annual Tuition per Child	10,572.00 B./	6,309.00-20,000.00

Clothing And Shoes	Edit
Jeans (Levi's 501 or Similar)	47.50 B./	30.00-70.00
Summer Dress in a Chain Store (e.g. Zara or H&M)	39.58 B./	25.00-100.00
Nike Running Shoes (Mid-Range)	83.46 B./	60.00-100.00
Men's Leather Business Shoes	114.09 B./	50.00-200.00

Rent Per Month	Edit
1 Bedroom Apartment in City Centre	961.41 B./	600.00-1,500.00
1 Bedroom Apartment Outside of City Centre	754.34 B./	450.00-1,250.00
3 Bedroom Apartment in City Centre	1,700.50 B./	1,050.00-3,000.00
3 Bedroom Apartment Outside of City Centre	1,305.17 B./	1,000.00-2,000.00

Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	280.99 B./	195.09-304.35
Price per Square Feet to Buy Apartment Outside of Centre	156.36 B./	141.79-185.80

Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	801.51 B./
Annual Mortgage Interest Rate (20-Year Fixed, in %)	6.45	6.00-7.00

Prices in Panama

This country had 627 entries in the past 12 months by 50 different contributors.
Last update: 29 December 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References