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 2,933.1$, excluding rent (using our estimator).
- The estimated monthly costs for a single person are 807.5$, excluding rent.
- Panama City is 48.9% less expensive than Seattle (excluding rent, see our cost of living index).
- Rent in Panama City is, on average, 53.9% lower than in Seattle.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal at an Inexpensive Restaurant | 10.00 $ | |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | 50.00 $ | |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | 8.00 $ | |
| Domestic Draft Beer (1 Pint) | 3.00 $ | |
| Imported Beer (12 oz Small Bottle) | 4.00 $ | |
| Cappuccino (Regular Size) | 3.67 $ | |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) | 1.64 $ | |
| Bottled Water (12 oz) | 1.33 $ | |
Markets | Edit |
|
| Milk (Regular, 1 Liter) | 1.84 $ | |
| Fresh White Bread (1 lb Loaf) | 2.40 $ | |
| White Rice (1 lb) | 1.20 $ | |
| Eggs (12, Large Size) | 2.93 $ | |
| Local Cheese (1 lb) | 5.32 $ | |
| Chicken Fillets (1 lb) | 3.12 $ | |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) | 4.47 $ | |
| Apples (1 lb) | 1.58 $ | |
| Bananas (1 lb) | 0.71 $ | |
| Oranges (1 lb) | 1.62 $ | |
| Tomatoes (1 lb) | 1.37 $ | |
| Potatoes (1 lb) | 1.03 $ | |
| Onions (1 lb) | 1.67 $ | |
| Lettuce (1 Head) | 2.43 $ | |
| Bottled Water (50 oz) | 1.64 $ | |
| Bottle of Wine (Mid-Range) | 10.00 $ | |
| Domestic Beer (16.9 oz Bottle) | 1.36 $ | |
| Imported Beer (12 oz Small Bottle) | 2.48 $ | |
| Cigarettes (Pack of 20, Marlboro) | 6.00 $ | |
Transportation | Edit |
|
| One-Way Ticket (Local Transport) | 0.35 $ | |
| Monthly Public Transport Pass (Regular Price) | 22.50 $ | |
| Taxi Start (Standard Tariff) | 2.50 $ | |
| Taxi 1 mile (Standard Tariff) | 4.83 $ | |
| Taxi 1 Hour Waiting (Standard Tariff) | 22.00 $ | |
| Gasoline (1 Liter) | 0.91 $ | |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | 19,750.00 $ | |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | 20,527.78 $ | |
Utilities (Monthly) | Edit |
|
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) | 125.47 $ | |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | 29.78 $ | |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | 48.17 $ | |
Sports And Leisure | Edit |
|
| Monthly Fitness Club Membership | 41.17 $ | |
| Tennis Court Rental (1 Hour, Weekend) | 29.00 $ | |
| Cinema Ticket (International Release) | 8.00 $ | |
Childcare | Edit |
|
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | 480.00 $ | |
| International Primary School, Annual Tuition per Child | 14,628.57 $ | |
Clothing And Shoes | Edit |
|
| Jeans (Levi's 501 or Similar) | 50.00 $ | |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | 52.50 $ | |
| Nike Running Shoes (Mid-Range) | 90.50 $ | |
| Men's Leather Business Shoes | 133.57 $ | |
Rent Per Month | Edit |
|
| 1 Bedroom Apartment in City Centre | 1,206.25 $ | |
| 1 Bedroom Apartment Outside of City Centre | 1,003.85 $ | |
| 3 Bedroom Apartment in City Centre | 1,853.47 $ | |
| 3 Bedroom Apartment Outside of City Centre | 1,562.50 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 247.12 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 151.30 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 1,017.14 $ | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.36 |
Prices in Panama City
This city had 849 entries in the past 12 months by 80 different contributors.
Last update: 4 November 2025
Last update: 4 November 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 |
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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.