Cost of living in Panama City, Panama

Summary of cost of living in Panama City

  • Family of four estimated monthly costs: 3,487 B/.
  • Single person estimated monthly costs: 1,804 B/.
  • Panama City is the 3rd most expensive city in Latin America (3 out of 28)
  • Cost of living in Panama City is cheaper than in 59% of cities in the World (94 out of 158)
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List of prices in Panama City
Current as of Oct 2024.

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Food Update prices
Basic lunchtime menu (including a drink) in the business district 14 B/.
Combo meal in fast food restaurant (big mac meal or similar) 7 B/.
500 gr (1 lb.) of boneless chicken breast 3.30 B/.
1 liter (1 qt.) of whole fat milk 1.74 B/.
12 eggs, large 2.70 B/.
1 kg (2 lb.) of tomatoes 2.56 B/.
500 gr (16 oz.) of local cheese 6 B/.
1 kg (2 lb.) of apples 2.46 B/.
1 kg (2 lb.) of potatoes 2.36 B/.
0.5 l (16 oz) domestic beer in the supermarket 1.07 B/.
1 bottle of red table wine, good quality 10 B/.
2 liters of coca-cola 2.55 B/.
Bread for 2 people for 1 day 1.71 B/.
Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 1,542 B/.
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 913 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 136 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 897 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 587 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 95 B/.
Internet 8 mbps (1 month) 40 B/.
40” flat screen tv 333 B/.
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 99 B/.
Laundry detergent (3 l. ~ 100 oz.) 16 B/.
Hourly rate for cleaning help 5.44 B/.
Clothes Update prices
1 pair of jeans (levis 501 or similar) 55 B/.
1 summer dress in a high street store (zara, h&m or similar retailers) 41 B/.
1 pair of sport shoes (nike, adidas, or equivalent brands) 94 B/.
1 pair of men’s leather business shoes 96 B/.
Transportation Update prices
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new 22,092 B/.
1 liter (1/4 gallon) of gas 1.10 B/.
Monthly ticket public transport 29 B/.
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 8 B/.
Personal Care Update prices
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) 8 B/.
1 box of antibiotics (12 doses) 22 B/.
Short visit to private doctor (15 minutes) 52 B/.
1 box of 32 tampons (tampax, ob, ...) 7 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 5.13 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 7 B/.
4 rolls of toilet paper 3.09 B/.
Tube of toothpaste 3.08 B/.
Standard men's haircut in expat area of the city 17 B/.
Entertainment Update prices
Basic dinner out for two in neighborhood pub 35 B/.
2 tickets to the movies 12 B/.
2 tickets to the theater (best available seats) 45 B/.
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert 68 B/.
1 cocktail drink in downtown club 10 B/.
Cappuccino in expat area of the city 5.62 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 4.30 B/.
Ipad wi-fi 128gb 680 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.32 B/.
1 month of gym membership in business district 60 B/.
1 package of marlboro cigarettes 5.96 B/.
These prices are based on abundant and consistent data. They are very reliable. They are based on 232 prices entered by 51 different people.
Latest price update: October 13, 2024

Moving to Panama City with your children?

International Schools in Panama City

Panama City position in our World Ranking

the world
94th
out of 158
latin america
3rd
out of 28

Cheapest and most expensive products in Panama City compared to other cities:

latin america
2nd
latin america
2nd
latin america
2nd
latin america
2nd
latin america
2nd
latin america
2nd

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International Cost of Living Index

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Prices recently added

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