Cost of Living in Panama
Summary of cost of living in Panama:
- The estimated monthly costs for a family of four are B./2,923.2 ($2,923.2), excluding rent.
- The estimated monthly costs for a single person are B./801.1 ($801.1), excluding rent.
- Cost of living in Panama is, on average, 32.3% lower than in United States.
- Rent in Panama is, on average, 41.1% lower than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal at an Inexpensive Restaurant | B./8.00 | |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | B./45.00 | |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | B./8.00 | |
| Domestic Draft Beer (1 Pint) | B./2.25 | |
| Imported Beer (12 oz Small Bottle) | B./4.00 | |
| Cappuccino (Regular Size) | B./3.92 | |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) | B./1.61 | |
| Bottled Water (12 oz) | B./1.38 | |
Markets | Edit |
|
| Milk (Regular, 1 Liter) | B./1.83 | |
| Fresh White Bread (1 lb Loaf) | B./2.14 | |
| White Rice (1 lb) | B./1.36 | |
| Eggs (12, Large Size) | B./2.53 | |
| Local Cheese (1 lb) | B./5.56 | |
| Chicken Fillets (1 lb) | B./3.22 | |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) | B./4.64 | |
| Apples (1 lb) | B./1.92 | |
| Bananas (1 lb) | B./0.66 | |
| Oranges (1 lb) | B./1.66 | |
| Tomatoes (1 lb) | B./1.71 | |
| Potatoes (1 lb) | B./1.17 | |
| Onions (1 lb) | B./1.46 | |
| Lettuce (1 Head) | B./2.27 | |
| Bottled Water (50 oz) | B./1.61 | |
| Bottle of Wine (Mid-Range) | B./10.00 | |
| Domestic Beer (16.9 oz Bottle) | B./1.37 | |
| Imported Beer (12 oz Small Bottle) | B./2.37 | |
| Cigarettes (Pack of 20, Marlboro) | B./6.00 | |
Transportation | Edit |
|
| One-Way Ticket (Local Transport) | B./0.45 | |
| Monthly Public Transport Pass (Regular Price) | B./21.00 | |
| Taxi Start (Standard Tariff) | B./2.50 | |
| Taxi 1 mile (Standard Tariff) | B./2.91 | |
| Taxi 1 Hour Waiting (Standard Tariff) | B./22.00 | |
| Gasoline (1 Liter) | B./1.15 | |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | B./25,500.00 | |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | B./22,450.00 | |
Utilities (Monthly) | Edit |
|
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) | B./117.69 | |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | B./27.07 | |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | B./47.24 | |
Sports And Leisure | Edit |
|
| Monthly Fitness Club Membership | B./49.86 | |
| Tennis Court Rental (1 Hour, Weekend) | B./29.90 | |
| Cinema Ticket (International Release) | B./8.00 | |
Childcare | Edit |
|
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | B./543.33 | |
| International Primary School, Annual Tuition per Child | B./7,981.33 | |
Clothing And Shoes | Edit |
|
| Jeans (Levi's 501 or Similar) | B./54.44 | |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | B./42.11 | |
| Nike Running Shoes (Mid-Range) | B./88.56 | |
| Men's Leather Business Shoes | B./103.12 | |
Rent Per Month | Edit |
|
| 1 Bedroom Apartment in City Centre | B./937.61 | |
| 1 Bedroom Apartment Outside of City Centre | B./703.04 | |
| 3 Bedroom Apartment in City Centre | B./1,698.00 | |
| 3 Bedroom Apartment Outside of City Centre | B./1,283.10 | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | B./271.22 | |
| Price per Square Feet to Buy Apartment Outside of Centre | B./154.60 | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | B./824.51 | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.37 | |
Prices in Panama
This country had 1001 entries in the past 12 months by 88 different contributors.
Last update: 15 October 2026
Our data for each country are based on all entries from all cities in that country.
Last update: 15 October 2026
Our data for each country are based on all entries from all cities in that country.
Sources and References
Moving to Panama? Explore:
Distribution of Expenses Using Our Statistical Model:
Salary Calculator:Got a job offer in Panama? Estimate your take-home pay with our Salary Calculator for Panama.
Moving to Panama? Explore:
Cost of Living by Administrative Unit in Panama:
Cost of Living in Bocas del Toro
Cost of Living in Chiriquí
Cost of Living in Coclé
Cost of Living in Colón
Cost of Living in Darién
Cost of Living in Guna Yala
Cost of Living in Herrera
Cost of Living in Los Santos
Cost of Living in Oaxaca
Cost of Living in Panamá Oeste
Cost of Living in Provincia de Panamá
Cost of Living in Puntarenas
Cost of Living in Veraguas
Cost of Living in Chiriquí
Cost of Living in Coclé
Cost of Living in Colón
Cost of Living in Darién
Cost of Living in Guna Yala
Cost of Living in Herrera
Cost of Living in Los Santos
Cost of Living in Oaxaca
Cost of Living in Panamá Oeste
Cost of Living in Provincia de Panamá
Cost of Living in Puntarenas
Cost of Living in Veraguas
This Page in Other Languages:
 DeutschLebenshaltungskosten in Panama
|
 PortuguêsCusto de Vida no Panamá
|
 ItalianoCosto della vita a Panama
|
 FrançaisCoût de la vie au Panama
|
 EspañolCoste de vida en Panamá
|