Cost of Living in Panama
Summary of cost of living in Panama:
- A family of four estimated monthly costs are 29,864.4kr (2,846.0$) without rent.
- A single person estimated monthly costs are 8,302.5kr (791.2$) without rent.
- Cost of living in Panama is, on average, 34.3% lower than in United States.
- Rent in Panama is, on average, 50.1% lower than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 104.93 kr | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 582.38 kr | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 83.95 kr | |
| Domestic Beer (1 pint draught) | 20.99 kr | |
| Imported Beer (12 oz small bottle) | 37.90 kr | |
| Cappuccino (regular) | 36.84 kr | |
| Coke/Pepsi (12 oz small bottle) | 17.02 kr | |
| Water (12 oz small bottle) | 13.29 kr | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 70.18 kr | |
| Loaf of Fresh White Bread (1 lb) | 22.63 kr | |
| Rice (white), (1 lb) | 10.80 kr | |
| Eggs (regular) (12) | 26.62 kr | |
| Local Cheese (1 lb) | 53.69 kr | |
| Chicken Fillets (1 lb) | 34.21 kr | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 40.04 kr | |
| Apples (1 lb) | 15.76 kr | |
| Banana (1 lb) | 6.80 kr | |
| Oranges (1 lb) | 13.13 kr | |
| Tomato (1 lb) | 13.91 kr | |
| Potato (1 lb) | 9.80 kr | |
| Onion (1 lb) | 10.43 kr | |
| Lettuce (1 head) | 20.65 kr | |
| Water (1.5 liter bottle) | 15.84 kr | |
| Bottle of Wine (Mid-Range) | 94.44 kr | |
| Domestic Beer (0.5 liter bottle) | 12.05 kr | |
| Imported Beer (12 oz small bottle) | 20.68 kr | |
| Cigarettes 20 Pack (Marlboro) | 57.71 kr | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 5.25 kr | |
| Monthly Pass (Regular Price) | 262.33 kr | |
| Taxi Start (Normal Tariff) | 20.99 kr | |
| Taxi 1 mile (Normal Tariff) | 33.77 kr | |
| Taxi 1hour Waiting (Normal Tariff) | 209.87 kr | |
| Gasoline (1 gallon) | 38.56 kr | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 207,243.21 kr | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 206,368.76 kr | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 1,035.40 kr | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 310.46 kr | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 511.75 kr | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 559.17 kr | |
| Tennis Court Rent (1 Hour on Weekend) | 343.95 kr | |
| Cinema, International Release, 1 Seat | 70.83 kr | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 3,830.06 kr | |
| International Primary School, Yearly for 1 Child | 74,969.57 kr | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 526.52 kr | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 399.55 kr | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 841.94 kr | |
| 1 Pair of Men Leather Business Shoes | 1,013.01 kr | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 8,552.06 kr | |
| Apartment (1 bedroom) Outside of Centre | 6,200.90 kr | |
| Apartment (3 bedrooms) in City Centre | 18,028.77 kr | |
| Apartment (3 bedrooms) Outside of Centre | 11,898.68 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,254.35 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,559.77 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 8,428.05 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.17 |
Prices in Panama
This country had 1340 entries in the past 12 months by 142 different contributors.
Last update: September 2024
Our data for each country are based on all entries from all cities in that country.
Last update: September 2024
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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