Cost of Living in Panama

Summary of cost of living in Panama:

A family of four estimated monthly costs are 2,889.7B./ (2,889.7$) without rent.
A single person estimated monthly costs are 805.7B./ (805.7$) without rent.
Cost of living in Panama is, on average, 33.0% lower than in United States.
Rent in Panama is, on average, 44.2% lower than in United States.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	10.00 B./	5.00-16.00
Meal for 2 People, Mid-range Restaurant, Three-course	50.00 B./	35.00-100.00
McMeal at McDonalds (or Equivalent Combo Meal)	7.49 B./	7.00-8.65
Domestic Beer (1 pint draught)	2.00 B./	1.00-3.30
Imported Beer (12 oz small bottle)	3.50 B./	2.00-5.00
Cappuccino (regular)	3.47 B./	1.50-5.00
Coke/Pepsi (12 oz small bottle)	1.48 B./	1.00-2.50
Water (12 oz small bottle)	1.24 B./	1.00-2.00
Markets	Edit
Milk (regular), (1 gallon)	6.86 B./	5.49-7.95
Loaf of Fresh White Bread (1 lb)	2.20 B./	1.13-3.60
Rice (white), (1 lb)	1.08 B./	0.50-1.99
Eggs (regular) (12)	2.68 B./	1.50-3.50
Local Cheese (1 lb)	5.31 B./	1.81-11.34
Chicken Fillets (1 lb)	3.26 B./	1.59-5.00
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	4.12 B./	1.81-7.00
Apples (1 lb)	1.76 B./	0.68-2.95
Banana (1 lb)	0.62 B./	0.41-1.36
Oranges (1 lb)	1.24 B./	0.45-2.00
Tomato (1 lb)	1.33 B./	0.45-2.00
Potato (1 lb)	0.95 B./	0.45-1.36
Onion (1 lb)	1.09 B./	0.45-1.86
Lettuce (1 head)	2.07 B./	1.00-3.00
Water (1.5 liter bottle)	1.60 B./	1.00-2.50
Bottle of Wine (Mid-Range)	10.00 B./	5.00-15.00
Domestic Beer (0.5 liter bottle)	1.20 B./	0.60-2.00
Imported Beer (12 oz small bottle)	2.24 B./	1.19-4.00
Cigarettes 20 Pack (Marlboro)	5.85 B./	5.00-6.50
Transportation	Edit
One-way Ticket (Local Transport)	0.60 B./	0.35-1.75
Monthly Pass (Regular Price)	25.00 B./	20.00-30.00
Taxi Start (Normal Tariff)	2.25 B./	1.50-3.50
Taxi 1 mile (Normal Tariff)	3.22 B./	2.41-6.44
Taxi 1hour Waiting (Normal Tariff)	21.00 B./	14.00-25.00
Gasoline (1 gallon)	3.51 B./	3.29-4.41
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	20,000.00 B./	19,500.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	21,464.58 B./	19,666.67-25,000.00
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	109.00 B./	73.67-200.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data	29.47 B./	20.00-35.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	48.85 B./	40.00-66.00
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	52.40 B./	29.00-100.00
Tennis Court Rent (1 Hour on Weekend)	37.50 B./	25.00-50.00
Cinema, International Release, 1 Seat	7.00 B./	6.00-15.00
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	446.67 B./	300.00-650.00
International Primary School, Yearly for 1 Child	10,425.00 B./	6,000.00-20,000.00
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	48.27 B./	25.00-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)	41.15 B./	25.00-80.00
1 Pair of Nike Running Shoes (Mid-Range)	83.67 B./	60.00-100.00
1 Pair of Men Leather Business Shoes	110.45 B./	50.00-200.00
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	922.79 B./	600.00-1,500.00
Apartment (1 bedroom) Outside of Centre	714.14 B./	460.00-1,200.00
Apartment (3 bedrooms) in City Centre	1,753.74 B./	1,200.00-3,000.00
Apartment (3 bedrooms) Outside of Centre	1,350.00 B./	950.00-2,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	206.28 B./	111.48-297.29
Price per Square Feet to Buy Apartment Outside of Centre	143.56 B./	92.90-204.38
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	826.28 B./
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.30	4.00-7.00

Prices in Panama

This country had 953 entries in the past 12 months by 90 different contributors.
Last update: March 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References