Cost of Living in Panama

Summary of cost of living in Panama:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 10.00 $ 4.50-20.00
Meal for 2 People, Mid-range Restaurant, Three-course 55.00 $ 35.00-80.00
McMeal at McDonalds (or Equivalent Combo Meal) 8.00 $ 7.00-9.00
Domestic Beer (1 pint draught) 2.00 $ 1.50-4.00
Imported Beer (12 oz small bottle) 3.86 $ 2.00-6.00
Cappuccino (regular) 3.52 $ 1.95-5.00
Coke/Pepsi (12 oz small bottle) 1.63 $ 1.00-3.00
Water (12 oz small bottle) 1.29 $ 1.00-2.00
Markets
Edit
Milk (regular), (1 gallon) 6.73 $ 5.49-7.57
Loaf of Fresh White Bread (1 lb) 2.15 $ 1.32-3.08
Rice (white), (1 lb) 1.04 $ 0.45-1.99
Eggs (regular) (12) 2.59 $ 1.50-3.50
Local Cheese (1 lb) 5.46 $ 1.81-8.16
Chicken Fillets (1 lb) 3.27 $ 1.59-5.00
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.96 $ 1.50-7.26
Apples (1 lb) 1.69 $ 0.68-2.95
Banana (1 lb) 0.63 $ 0.41-1.36
Oranges (1 lb) 1.22 $ 0.45-2.00
Tomato (1 lb) 1.34 $ 0.45-1.81
Potato (1 lb) 0.94 $ 0.45-1.36
Onion (1 lb) 1.02 $ 0.45-1.86
Lettuce (1 head) 2.07 $ 1.00-3.20
Water (1.5 liter bottle) 1.49 $ 1.00-2.50
Bottle of Wine (Mid-Range) 9.00 $ 5.00-14.00
Domestic Beer (0.5 liter bottle) 1.18 $ 0.60-1.79
Imported Beer (12 oz small bottle) 2.02 $ 1.00-4.00
Cigarettes 20 Pack (Marlboro) 5.62 $ 5.00-9.00
Transportation
Edit
One-way Ticket (Local Transport) 0.50 $ 0.35-1.50
Monthly Pass (Regular Price) 25.00 $ 20.00-30.43
Taxi Start (Normal Tariff) 2.50 $ 1.50-3.50
Taxi 1 mile (Normal Tariff) 3.22 $ 2.41-8.05
Taxi 1hour Waiting (Normal Tariff) 21.00 $ 14.00-25.00
Gasoline (1 gallon) 3.66 $ 3.37-5.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 20,000.00 $ 19,000.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 21,256.25 $ 19,000.00-25,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 105.51 $ 60.00-212.50
Mobile Phone Monthly Plan with Calls and 10GB+ Data 29.55 $ 20.00-32.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 48.73 $ 40.00-75.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 55.41 $ 26.00-100.00
Tennis Court Rent (1 Hour on Weekend) 33.33 $ 20.00-50.00
Cinema, International Release, 1 Seat 7.00 $ 6.00-15.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 466.88 $ 300.00-800.00
International Primary School, Yearly for 1 Child 9,728.44 $ 6,000.00-20,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 48.31 $ 25.00-70.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 37.86 $ 10.00-80.00
1 Pair of Nike Running Shoes (Mid-Range) 83.18 $ 45.00-100.00
1 Pair of Men Leather Business Shoes 105.00 $ 50.00-200.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 872.30 $ 500.00-1,500.00
Apartment (1 bedroom) Outside of Centre 651.82 $ 350.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,783.31 $ 1,200.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,280.36 $ 600.00-2,200.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 217.42 $ 127.70-278.71
Price per Square Feet to Buy Apartment Outside of Centre 143.56 $ 92.90-204.38
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 860.24 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.36 4.00-7.00

Prices in Panama

This country had 1543 entries in the past 12 months by 160 different contributors.
Last update: December 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
Distribution of Expenses Using Our Statistical Model:
  
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