Cost of living in Panama

Summary of cost of living in Panama

  • Family of four estimated monthly costs: 3,537 B/.
  • Single person estimated monthly costs: 1,735 B/.
  • Panama is the 4th most expensive country in Latin America (4 out of 15)
  • Cost of living in Panama is more expensive than in 59% of countries in the World (34 out of 81)
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Food
Basic lunchtime menu (including a drink) in the business district 17 B/.
Combo meal in fast food restaurant (big mac meal or similar) 8 B/.
500 gr (1 lb.) of boneless chicken breast 3.67 B/.
1 liter (1 qt.) of whole fat milk 1.73 B/.
12 eggs, large 2.88 B/.
1 kg (2 lb.) of tomatoes 2.39 B/.
500 gr (16 oz.) of local cheese 7 B/.
1 kg (2 lb.) of apples 2.65 B/.
1 kg (2 lb.) of potatoes 2.39 B/.
0.5 l (16 oz) domestic beer in the supermarket 1.81 B/.
1 bottle of red table wine, good quality 12 B/.
2 liters of coca-cola 2.39 B/.
Bread for 2 people for 1 day 1.91 B/.
Housing
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 1,424 B/.
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 820 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 112 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 901 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 554 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 81 B/.
Internet 8 mbps (1 month) 40 B/.
40” flat screen tv 369 B/.
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 109 B/.
Laundry detergent (3 l. ~ 100 oz.) 9 B/.
Hourly rate for cleaning help 17 B/.
Clothes
1 pair of jeans (levis 501 or similar) 50 B/.
1 summer dress in a high street store (zara, h&m or similar retailers) 30 B/.
1 pair of sport shoes (nike, adidas, or equivalent brands) 94 B/.
1 pair of men’s leather business shoes 106 B/.
Transportation
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new 21,711 B/.
1 liter (1/4 gallon) of gas 1.43 B/.
Monthly ticket public transport 44 B/.
Personal Care
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) 8 B/.
1 box of antibiotics (12 doses) 32 B/.
Short visit to private doctor (15 minutes) 56 B/.
1 box of 32 tampons (tampax, ob, ...) 9 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 5.93 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 8 B/.
4 rolls of toilet paper 3.41 B/.
Tube of toothpaste 4.61 B/.
Standard men's haircut in expat area of the city 20 B/.
Entertainment
Basic dinner out for two in neighborhood pub 28 B/.
2 tickets to the movies 13 B/.
2 tickets to the theater (best available seats) 55 B/.
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert 50 B/.
1 cocktail drink in downtown club 10 B/.
Cappuccino in expat area of the city 5.08 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 2.86 B/.
Ipad wi-fi 128gb 863 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.22 B/.
1 month of gym membership in business district 50 B/.
1 package of marlboro cigarettes 5.13 B/.

Moving to Panama with your children?

International Schools in Panama

Map of Cost of Living in Panama

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This map shows only the top cities in Panama. We also have on this page a list of all the cities available in Expatistan:
List of all the cities available in Expatistan

The color of each marker corresponds with the cost of living in the city red markers show more expensive cities green ones show cheaper cities
Moving the mouse on top of a city will show its name and the Cost of Living Index of that city.

What is the Cost of Living Index? To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague.
Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague.

Are you moving to Panama? Do you know how much money you will need there to maintain your current standard of living?

Find out what is the real equivalent in Panama of your current salary and improve your chances of a happy relocation.

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List of all cities available in Panama

Colón Coronado, Panama David
Las Tablas Panama City

Prices recently added

  • 1 kg of apples in Panama City costs 1.00 B/. (about 13 hours ago)
  • Combo meal in fast food restaurant (big mac meal or similar) in Panama City costs 10 B/. (3 days ago)
  • Basic lunchtime menu (including a drink) in the business district in Panama City costs 15 B/. (3 days ago)
  • Summer dress in a high street store (zara, h&m or similar retailers) in Panama City costs 15 B/. (3 days ago)
  • 1 liter of gasoline in Panama City costs 1.15 B/. (4 days ago)
  • 1 liter of gasoline in Panama City costs 1.16 B/. (5 days ago)
  • 1 month of gym membership in business district in Panama City costs 45 B/. (9 days ago)
  • Cappuccino in expat area of the city in Panama City costs 5.00 B/. (9 days ago)
  • Nice dinner at an italian restaurant, dinner for two in Panama City costs 37 B/. (9 days ago)
  • 2 tickets to the theater (best available seats) in Panama City costs 30 B/. (9 days ago)

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