Cost of Living in Panama
Summary of cost of living in Panama:
- A family of four estimated monthly costs are 32,746.0kr (2,875.1$) without rent.
- A single person estimated monthly costs are 9,094.9kr (798.5$) without rent.
- Cost of living in Panama is, on average, 32.4% lower than in United States.
- Rent in Panama is, on average, 45.1% lower than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 113.89 kr | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 569.47 kr | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 91.12 kr | |
| Domestic Beer (1 pint draught) | 22.78 kr | |
| Imported Beer (12 oz small bottle) | 45.56 kr | |
| Cappuccino (regular) | 39.66 kr | |
| Coke/Pepsi (12 oz small bottle) | 17.55 kr | |
| Water (12 oz small bottle) | 14.65 kr | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 77.06 kr | |
| Loaf of Fresh White Bread (1 lb) | 24.86 kr | |
| Rice (white), (1 lb) | 12.23 kr | |
| Eggs (regular) (12) | 29.48 kr | |
| Local Cheese (1 lb) | 63.98 kr | |
| Chicken Fillets (1 lb) | 37.20 kr | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 49.84 kr | |
| Apples (1 lb) | 19.51 kr | |
| Banana (1 lb) | 7.31 kr | |
| Oranges (1 lb) | 14.58 kr | |
| Tomato (1 lb) | 15.56 kr | |
| Potato (1 lb) | 10.75 kr | |
| Onion (1 lb) | 11.87 kr | |
| Lettuce (1 head) | 24.01 kr | |
| Water (1.5 liter bottle) | 17.45 kr | |
| Bottle of Wine (Mid-Range) | 108.20 kr | |
| Domestic Beer (0.5 liter bottle) | 12.98 kr | |
| Imported Beer (12 oz small bottle) | 24.93 kr | |
| Cigarettes 20 Pack (Marlboro) | 65.49 kr | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 5.69 kr | |
| Monthly Pass (Regular Price) | 284.74 kr | |
| Taxi Start (Normal Tariff) | 28.47 kr | |
| Taxi 1 mile (Normal Tariff) | 36.66 kr | |
| Taxi 1hour Waiting (Normal Tariff) | 239.18 kr | |
| Gasoline (1 gallon) | 40.75 kr | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 226,365.54 kr | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 255,271.57 kr | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 1,188.05 kr | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 336.21 kr | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 555.64 kr | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 631.11 kr | |
| Tennis Court Rent (1 Hour on Weekend) | 363.04 kr | |
| Cinema, International Release, 1 Seat | 79.73 kr | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 5,317.45 kr | |
| International Primary School, Yearly for 1 Child | 122,191.20 kr | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 575.17 kr | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 442.44 kr | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 957.98 kr | |
| 1 Pair of Men Leather Business Shoes | 1,200.64 kr | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 10,097.20 kr | |
| Apartment (1 bedroom) Outside of Centre | 7,584.67 kr | |
| Apartment (3 bedrooms) in City Centre | 20,473.70 kr | |
| Apartment (3 bedrooms) Outside of Centre | 15,022.31 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,476.34 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,635.11 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 9,906.12 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.36 |
Prices in Panama
This country had 818 entries in the past 12 months by 77 different contributors.
Last update: January 2025
Our data for each country are based on all entries from all cities in that country.
Last update: January 2025
Our data for each country are based on all entries from all cities in that country.
Sources and References
Moving to Panama? Explore:
Distribution of Expenses Using Our Statistical Model:
This page in other languages:
 DeutschLebenshaltungskosten in Panama
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 PortuguêsCusto de Vida no Panamá
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 ItalianoCosto della Vita a Panama
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 FrançaisCoût de la Vie au Panama
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 EspañolCosto de Vida en Panamá
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