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Cost of Living in Panama

Cost of living in Panama is 23.43% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Panama is 40.47% lower than in United States (average data for all cities).
Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 10.00 B./ 5.00-12.00
Meal for 2 People, Mid-range Restaurant, Three-course 40.00 B./ 28.00-65.00
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 B./ 5.00-8.00
Domestic Beer (1 pint draught) 2.00 B./ 1.25-4.00
Imported Beer (12 oz small bottle) 3.25 B./ 2.50-5.00
Cappuccino (regular) 2.66 B./ 1.80-4.00
Coke/Pepsi (12 oz small bottle) 1.30 B./ 0.85-2.00
Water (12 oz small bottle) 1.01 B./ 0.75-1.99
Markets [ Edit ]
Milk (regular), (1 gallon) 5.69 B./ 4.73-6.74
Loaf of Fresh White Bread (1 lb) 1.73 B./ 0.91-2.27
Rice (white), (1 lb) 0.70 B./ 0.40-1.13
Eggs (regular) (12) 2.06 B./ 1.75-2.80
Local Cheese (1 lb) 4.12 B./ 2.00-6.80
Chicken Breasts (Boneless, Skinless), (1 lb) 2.97 B./ 2.04-4.54
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.09 B./ 2.72-6.80
Apples (1 lb) 1.51 B./ 1.00-2.27
Banana (1 lb) 0.57 B./ 0.45-1.00
Oranges (1 lb) 1.30 B./ 0.70-1.81
Tomato (1 lb) 1.25 B./ 0.90-1.70
Potato (1 lb) 0.77 B./ 0.59-1.13
Onion (1 lb) 0.84 B./ 0.60-1.13
Lettuce (1 head) 1.85 B./ 1.00-2.50
Water (1.5 liter bottle) 1.58 B./ 1.20-2.00
Bottle of Wine (Mid-Range) 10.00 B./ 7.00-12.00
Domestic Beer (0.5 liter bottle) 0.88 B./ 0.43-1.50
Imported Beer (12 oz small bottle) 2.40 B./ 1.50-3.50
Cigarettes 20 Pack (Marlboro) 5.00 B./ 4.50-5.75
Transportation [ Edit ]
One-way Ticket (Local Transport) 0.25 B./ 0.25-0.35
Monthly Pass (Regular Price) 30.00 B./ 18.00-35.00
Taxi Start (Normal Tariff) 2.00 B./ 1.25-3.00
Taxi 1 mile (Normal Tariff) 3.22 B./ 2.41-4.83
Taxi 1hour Waiting (Normal Tariff) 10.00 B./ 10.00-15.00
Gasoline (1 gallon) 3.01 B./ 2.65-3.37
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 17,000.00 B./ 15,000.00-20,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 18,998.04 B./ 16,000.00-22,000.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 95.25 B./ 55.00-170.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.13 B./ 0.08-0.25
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 44.84 B./ 29.90-70.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 44.20 B./ 25.00-60.00
Tennis Court Rent (1 Hour on Weekend) 25.45 B./ 10.00-45.00
Cinema, International Release, 1 Seat 6.00 B./ 4.50-7.50
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 256.96 B./ 100.00-500.00
International Primary School, Yearly for 1 Child 6,319.65 B./ 2,700.00-15,000.00
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 45.88 B./ 25.00-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 35.40 B./ 20.00-50.00
1 Pair of Nike Running Shoes (Mid-Range) 64.69 B./ 50.00-89.00
1 Pair of Men Leather Business Shoes 77.97 B./ 47.00-110.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 780.56 B./ 500.00-1,200.00
Apartment (1 bedroom) Outside of Centre 523.44 B./ 300.00-800.00
Apartment (3 bedrooms) in City Centre 1,342.42 B./ 800.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 948.57 B./ 600.00-1,400.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 199.12 B./ 139.35-260.13
Price per Square Feet to Buy Apartment Outside of Centre 134.57 B./ 92.90-185.80
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 702.14 B./
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.20 4.50-6.50

Prices in Panama

These data are based on 2317 entries in the past 18 months from 234 different contributors.
Last update: August 2019
Our data for each country are based on all entries from all cities in that country.
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DeutschLebenshaltungskosten in Panama
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More about Panama: Cost of Living | Crime | Climate | Food Prices | Gas Prices | Health Care | Pollution | Property Prices | Quality of Life | Taxi Fare | Traffic

Cost of Living in this country for some cities: Boquete, Panama City

We would like to gather more data for: Aguadulce, Bocas del Toro, Bugaba, Changuinola, Chepo, Chilibre, Colon, El Coco, El Valle de Anton, Gorgona, La Cabima, ... Update information for Panama!