Cost of Living in Panama

Summary of cost of living in Panama:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 10.00 $ 4.50-20.00
Meal for 2 People, Mid-range Restaurant, Three-course 55.00 $ 35.00-80.00
McMeal at McDonalds (or Equivalent Combo Meal) 8.00 $ 7.00-9.00
Domestic Beer (1 pint draught) 2.00 $ 1.50-4.00
Imported Beer (12 oz small bottle) 3.86 $ 2.00-6.00
Cappuccino (regular) 3.47 $ 1.95-5.00
Coke/Pepsi (12 oz small bottle) 1.63 $ 1.00-3.00
Water (12 oz small bottle) 1.29 $ 1.00-2.00
Markets
Edit
Milk (regular), (1 gallon) 6.74 $ 5.49-7.57
Loaf of Fresh White Bread (1 lb) 2.16 $ 1.32-3.08
Rice (white), (1 lb) 1.04 $ 0.45-1.99
Eggs (regular) (12) 2.58 $ 1.50-3.50
Local Cheese (1 lb) 5.53 $ 1.81-11.34
Chicken Fillets (1 lb) 3.27 $ 1.59-5.00
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.96 $ 1.50-7.26
Apples (1 lb) 1.69 $ 0.68-2.95
Banana (1 lb) 0.63 $ 0.41-1.36
Oranges (1 lb) 1.22 $ 0.45-2.00
Tomato (1 lb) 1.34 $ 0.45-1.81
Potato (1 lb) 0.94 $ 0.45-1.36
Onion (1 lb) 1.02 $ 0.45-1.86
Lettuce (1 head) 2.07 $ 1.00-3.20
Water (1.5 liter bottle) 1.49 $ 1.00-2.50
Bottle of Wine (Mid-Range) 9.00 $ 5.00-14.00
Domestic Beer (0.5 liter bottle) 1.18 $ 0.60-1.79
Imported Beer (12 oz small bottle) 2.02 $ 1.00-4.00
Cigarettes 20 Pack (Marlboro) 5.62 $ 5.00-9.00
Transportation
Edit
One-way Ticket (Local Transport) 0.50 $ 0.35-1.75
Monthly Pass (Regular Price) 25.00 $ 20.00-30.43
Taxi Start (Normal Tariff) 2.25 $ 1.50-3.00
Taxi 1 mile (Normal Tariff) 3.22 $ 2.41-8.05
Taxi 1hour Waiting (Normal Tariff) 21.00 $ 14.00-25.00
Gasoline (1 gallon) 3.65 $ 3.37-4.54
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 20,000.00 $ 19,000.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 21,256.25 $ 19,000.00-25,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 103.52 $ 60.00-212.50
Mobile Phone Monthly Plan with Calls and 10GB+ Data 29.68 $ 20.00-32.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 48.79 $ 39.99-75.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 52.23 $ 26.00-100.00
Tennis Court Rent (1 Hour on Weekend) 30.00 $ 20.00-50.00
Cinema, International Release, 1 Seat 7.00 $ 6.00-12.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 466.88 $ 300.00-800.00
International Primary School, Yearly for 1 Child 9,144.50 $ 6,000.00-14,400.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 48.31 $ 25.00-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 36.15 $ 10.00-60.00
1 Pair of Nike Running Shoes (Mid-Range) 83.18 $ 45.00-100.00
1 Pair of Men Leather Business Shoes 103.75 $ 40.00-200.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 856.43 $ 500.00-1,500.00
Apartment (1 bedroom) Outside of Centre 640.94 $ 350.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,797.53 $ 1,200.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,253.70 $ 600.00-2,200.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 204.56 $ 111.48-278.71
Price per Square Feet to Buy Apartment Outside of Centre 143.56 $ 92.90-185.80
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 829.74 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.19 4.00-7.00

Prices in Panama

This country had 1510 entries in the past 12 months by 156 different contributors.
Last update: November 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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