Cost of Living in Panama
Summary:
- Family of four estimated monthly costs are 2,519.4$ without rent.
- A single person estimated monthly costs are 705.1$ without rent.
- Cost of living in Panama is, on average, 33.1% lower than in United States.
- Rent in Panama is, on average, 56.3% lower than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 8.00 $ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 50.00 $ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 7.00 $ | |
| Domestic Beer (1 pint draught) | 2.00 $ | |
| Imported Beer (12 oz small bottle) | 3.25 $ | |
| Cappuccino (regular) | 3.26 $ | |
| Coke/Pepsi (12 oz small bottle) | 1.55 $ | |
| Water (12 oz small bottle) | 1.19 $ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 6.12 $ | |
| Loaf of Fresh White Bread (1 lb) | 1.98 $ | |
| Rice (white), (1 lb) | 0.86 $ | |
| Eggs (regular) (12) | 2.20 $ | |
| Local Cheese (1 lb) | 4.38 $ | |
| Chicken Fillets (1 lb) | 3.02 $ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 3.54 $ | |
| Apples (1 lb) | 1.35 $ | |
| Banana (1 lb) | 0.59 $ | |
| Oranges (1 lb) | 1.15 $ | |
| Tomato (1 lb) | 1.33 $ | |
| Potato (1 lb) | 0.87 $ | |
| Onion (1 lb) | 0.90 $ | |
| Lettuce (1 head) | 1.94 $ | |
| Water (1.5 liter bottle) | 1.54 $ | |
| Bottle of Wine (Mid-Range) | 8.50 $ | |
| Domestic Beer (0.5 liter bottle) | 1.12 $ | |
| Imported Beer (12 oz small bottle) | 1.76 $ | |
| Cigarettes 20 Pack (Marlboro) | 5.75 $ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 0.35 $ | |
| Monthly Pass (Regular Price) | 30.00 $ | |
| Taxi Start (Normal Tariff) | 2.00 $ | |
| Taxi 1 mile (Normal Tariff) | 3.22 $ | |
| Taxi 1hour Waiting (Normal Tariff) | 20.00 $ | |
| Gasoline (1 gallon) | 4.03 $ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 22,000.00 $ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 19,090.62 $ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 91.79 $ | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.15 $ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 45.90 $ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 46.85 $ | |
| Tennis Court Rent (1 Hour on Weekend) | 27.31 $ | |
| Cinema, International Release, 1 Seat | 6.00 $ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 362.78 $ | |
| International Primary School, Yearly for 1 Child | 7,400.60 $ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 47.42 $ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 38.47 $ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 71.40 $ | |
| 1 Pair of Men Leather Business Shoes | 83.48 $ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 781.81 $ | |
| Apartment (1 bedroom) Outside of Centre | 464.57 $ | |
| Apartment (3 bedrooms) in City Centre | 1,465.79 $ | |
| Apartment (3 bedrooms) Outside of Centre | 855.20 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 184.75 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 112.47 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 744.06 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.12 |
Prices in Panama
This country had 1252 entries in the past 12 months by 123 different contributors.
Last update: March 2023
Our data for each country are based on all entries from all cities in that country.
Last update: March 2023
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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