Cost of living in Panama City, Panama

Summary of cost of living in Panama City

  • Family of four estimated monthly costs: 3,125 B/.
  • Single person estimated monthly costs: 1,645 B/.
  • Panama City is the 3rd most expensive city in Latin America (3 out of 35)
  • Cost of living in Panama City is cheaper than in 63% of cities in the World (125 out of 198)

List of prices in Panama City, Panama. Current as of Mar 2021.

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district 13 B/.
Combo meal in fast food restaurant (big mac meal or similar) 7 B/.
500 gr (1 lb.) of boneless chicken breast 3.07 B/.
1 liter (1 qt.) of whole fat milk 1.47 B/.
12 eggs, large 2.81 B/.
1 kg (2 lb.) of tomatoes 2.71 B/.
500 gr (16 oz.) of local cheese 6 B/.
1 kg (2 lb.) of apples 3.22 B/.
1 kg (2 lb.) of potatoes 2.00 B/.
0.5 l (16 oz) domestic beer in the supermarket 1.04 B/.
1 bottle of red table wine, good quality 10 B/.
2 liters of coca-cola 2.22 B/.
Bread for 2 people for 1 day 1.61 B/.
Housing [Edit]
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 1,323 B/.
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 911 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 955 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 653 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 96 B/.
Internet 8 mbps (1 month) 40 B/.
40” flat screen tv 401 B/.
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 124 B/.
Laundry detergent (3 l. ~ 100 oz.) 6 B/.
Hourly rate for cleaning help 5.98 B/.
Clothes [Edit]
1 pair of jeans (levis 501 or similar) 48 B/.
1 summer dress in a high street store (zara, h&m or similar retailers) 34 B/.
1 pair of sport shoes (nike, adidas, or equivalent brands) 69 B/.
1 pair of men’s leather business shoes 80 B/.
Transportation [Edit]
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new 19,059 B/.
1 liter (1/4 gallon) of gas 0.67 B/.
Monthly ticket public transport 37 B/.
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 12 B/.
Personal Care [Edit]
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) 9 B/.
1 box of antibiotics (12 doses) 23 B/.
Short visit to private doctor (15 minutes) 42 B/.
1 box of 32 tampons (tampax, ob, ...) 4.39 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 3.60 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 5.71 B/.
4 rolls of toilet paper 2.20 B/.
Tube of toothpaste 2.57 B/.
Standard men's haircut in expat area of the city 15 B/.
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 32 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 55 B/.
1 cocktail drink in downtown club 10 B/.
Cappuccino in expat area of the city 4.84 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 3.83 B/.
Ipad wi-fi 128gb 519 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.24 B/.
1 month of gym membership in business district 48 B/.
1 package of marlboro cigarettes 5.49 B/.
These prices are based on abundant and consistent data. They are very reliable. They are based on 570 prices entered by 64 different people.
Latest price update: March 03, 2021

Moving to Panama City with your children?

International Schools in Panama City

Panama City position in our World Ranking

the world
125th
out of 198
latin america
3rd
out of 35

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

latin america
1st
latin america
2nd
latin america
2nd
latin america
2nd
latin america
2nd
latin america
2nd

Do you live in Panama City? We need your help!

What is the price of

Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new

in Panama City?

B/.

International Cost of Living Index

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