Cost of Living in Panama City
Summary of cost of living in Panama City, Panama:
- The estimated monthly costs for a family of four are 2,952.3$, excluding rent (using our estimator).
- The estimated monthly costs for a single person are 828.4$, excluding rent.
- Panama City is 54.9% less expensive than New York (excluding rent, see our cost of living index).
- Rent in Panama City is, on average, 73.1% lower than in New York.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 10.00 $ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 55.00 $ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 8.00 $ | |
| Domestic Beer (1 pint draught) | 3.00 $ | |
| Imported Beer (12 oz small bottle) | 4.00 $ | |
| Cappuccino (regular) | 3.50 $ | |
| Coke/Pepsi (12 oz small bottle) | 1.63 $ | |
| Water (12 oz small bottle) | 1.33 $ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 6.99 $ | |
| Loaf of Fresh White Bread (1 lb) | 2.36 $ | |
| Rice (white), (1 lb) | 1.13 $ | |
| Eggs (regular) (12) | 2.87 $ | |
| Local Cheese (1 lb) | 5.49 $ | |
| Chicken Fillets (1 lb) | 3.32 $ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 4.58 $ | |
| Apples (1 lb) | 1.64 $ | |
| Banana (1 lb) | 0.67 $ | |
| Oranges (1 lb) | 1.20 $ | |
| Tomato (1 lb) | 1.40 $ | |
| Potato (1 lb) | 0.99 $ | |
| Onion (1 lb) | 1.22 $ | |
| Lettuce (1 head) | 2.13 $ | |
| Water (1.5 liter bottle) | 1.52 $ | |
| Bottle of Wine (Mid-Range) | 10.00 $ | |
| Domestic Beer (0.5 liter bottle) | 1.20 $ | |
| Imported Beer (12 oz small bottle) | 2.25 $ | |
| Cigarettes 20 Pack (Marlboro) | 6.00 $ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 0.42 $ | |
| Monthly Pass (Regular Price) | 22.50 $ | |
| Taxi Start (Normal Tariff) | 2.50 $ | |
| Taxi 1 mile (Normal Tariff) | 3.91 $ | |
| Taxi 1hour Waiting (Normal Tariff) | 22.00 $ | |
| Gasoline (1 gallon) | 3.45 $ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 19,625.00 $ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 21,133.33 $ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 124.40 $ | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 29.84 $ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 50.06 $ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 46.27 $ | |
| Tennis Court Rent (1 Hour on Weekend) | 32.50 $ | |
| Cinema, International Release, 1 Seat | 8.00 $ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 476.00 $ | |
| International Primary School, Yearly for 1 Child | 13,733.33 $ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 52.78 $ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 46.11 $ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 88.33 $ | |
| 1 Pair of Men Leather Business Shoes | 111.25 $ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 1,123.68 $ | |
| Apartment (1 bedroom) Outside of Centre | 876.67 $ | |
| Apartment (3 bedrooms) in City Centre | 2,014.36 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,575.00 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 232.92 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 151.30 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 934.50 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.23 |
Prices in Panama City
This city had 724 entries in the past 12 months by 64 different contributors.
Last update: May 2025
Last update: May 2025
Sources and References
Moving to Panama City? Explore:
Distribution of Expenses Using Our Statistical Model:
Nearby Cities:| Cost of Living in San Miguelito | 8.11 miles |
| Cost of Living in Tocumen | 15.44 miles |
| Cost of Living in Pacora | 19.85 miles |
| Cost of Living in El Coco | 33.93 miles |
| Cost of Living in Aguadulce | 127.78 miles |
| Cost of Living in Santiago | 161.98 miles |
This Page in Other Languages:
 DeutschLebenshaltungskosten in Panama-Stadt
|
 PortuguêsCusto de Vida em Cidade do Panamá
|
 ItalianoCosto della Vita a Panama City
|
 FrançaisCoût de la Vie à Panama
|
 EspañolCosto de Vida en Panamá
|
I was in france before and can guarantee that I spend much more.
Just the rent is 3400usd for a 3 room furnished villa. Far from what I used to pay in France.
Restaurants are expensive if visiting decent places.
Supermarkets are more expensive too.
You can find cheap things, but in neighborhood were I will not leave (I was not in seine st denis neither in France...), and have to love rice and beans.
1-How much is 3 per month a 3 bedrooms apt in Panama city?
2-How much is a school for a 5 and 8 years old kids?
@AL SMART What you write is true. The market has cooled down somewhat. Overall it is astonishingly stable. You can definitely find good deals if you put in the work. If you just go to the next best real estate agent you probably won't make a good buy.
@Panama City resident $934 should should not be too difficult to find for a one bedroom apartment.