Cost of Living in Panama

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 8.00 B./ 4.00-20.00
Meal for 2 People, Mid-range Restaurant, Three-course 45.00 B./ 25.00-80.00
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 B./ 6.00-8.00
Domestic Beer (1 pint draught) 2.00 B./ 1.00-4.00
Imported Beer (12 oz small bottle) 3.00 B./ 2.50-5.00
Cappuccino (regular) 2.91 B./ 1.50-4.50
Coke/Pepsi (12 oz small bottle) 1.38 B./ 1.00-2.00
Water (12 oz small bottle) 1.10 B./ 1.00-2.00
Markets
Edit
Milk (regular), (1 gallon) 5.75 B./ 4.92-7.57
Loaf of Fresh White Bread (1 lb) 1.75 B./ 0.90-2.68
Rice (white), (1 lb) 0.95 B./ 0.45-1.81
Eggs (regular) (12) 2.03 B./ 1.50-3.00
Local Cheese (1 lb) 4.16 B./ 1.81-19.28
Chicken Fillets (1 lb) 3.34 B./ 1.36-4.54
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.28 B./ 1.59-9.98
Apples (1 lb) 1.41 B./ 0.65-2.49
Banana (1 lb) 0.74 B./ 0.45-1.54
Oranges (1 lb) 1.09 B./ 0.45-1.81
Tomato (1 lb) 1.22 B./ 0.50-1.81
Potato (1 lb) 0.96 B./ 0.50-1.36
Onion (1 lb) 0.97 B./ 0.54-1.36
Lettuce (1 head) 1.67 B./ 0.85-3.00
Water (1.5 liter bottle) 1.49 B./ 1.00-2.00
Bottle of Wine (Mid-Range) 10.00 B./ 6.00-15.00
Domestic Beer (0.5 liter bottle) 0.99 B./ 0.60-1.75
Imported Beer (12 oz small bottle) 1.94 B./ 1.24-3.00
Cigarettes 20 Pack (Marlboro) 5.75 B./ 5.00-8.00
Transportation
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One-way Ticket (Local Transport) 0.35 B./ 0.25-1.00
Monthly Pass (Regular Price) 30.00 B./ 15.00-60.00
Taxi Start (Normal Tariff) 2.50 B./ 1.50-3.50
Taxi 1 mile (Normal Tariff) 3.22 B./ 2.41-4.83
Taxi 1hour Waiting (Normal Tariff) 15.00 B./ 7.50-20.00
Gasoline (1 gallon) 2.96 B./ 2.42-3.52
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 19,500.00 B./ 17,000.00-24,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 19,264.12 B./ 18,000.00-21,490.00
Utilities (Monthly)
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Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 90.86 B./ 52.00-150.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.16 B./ 0.06-0.20
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 42.67 B./ 30.00-70.00
Sports And Leisure
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Fitness Club, Monthly Fee for 1 Adult 43.22 B./ 20.00-65.00
Tennis Court Rent (1 Hour on Weekend) 30.00 B./ 15.00-45.00
Cinema, International Release, 1 Seat 6.00 B./ 4.50-10.00
Childcare
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Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 331.18 B./ 100.00-600.00
International Primary School, Yearly for 1 Child 10,318.81 B./ 2,200.00-18,000.00
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 45.54 B./ 25.00-75.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 37.32 B./ 20.00-60.00
1 Pair of Nike Running Shoes (Mid-Range) 70.38 B./ 40.00-100.00
1 Pair of Men Leather Business Shoes 86.13 B./ 45.00-130.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 701.43 B./ 400.00-1,200.00
Apartment (1 bedroom) Outside of Centre 464.87 B./ 250.00-700.00
Apartment (3 bedrooms) in City Centre 1,400.00 B./ 850.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 902.58 B./ 500.00-1,500.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 190.21 B./ 139.35-250.84
Price per Square Feet to Buy Apartment Outside of Centre 119.44 B./ 83.61-185.80
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 736.38 B./
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.57 4.00-6.75

Prices in Panama

This country had 1536 entries in the past 12 months by 122 different contributors.
Last update: June 2021
Our data for each country are based on all entries from all cities in that country.
Sources and References
  
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DeutschLebenshaltungskosten in Panama
PortuguêsCusto de Vida no Panamá
ItalianoCosto della Vita a Panama
FrançaisCoût de la Vie au Panama
EspañolCosto de Vida en Panamá