Cost of living in Panama City, Panama

Summary of cost of living in Panama City

  • Family of four estimated monthly costs: 3,438 B/.
  • Single person estimated monthly costs: 1,706 B/.
  • Panama City is the 4th most expensive city in Latin America (4 out of 28)
  • Cost of living in Panama City is more expensive than in 57% of cities in the World (102 out of 234)
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List of prices in Panama City
Current as of Sep 2022.

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Food Update prices
Basic lunchtime menu (including a drink) in the business district 19 B/.
Combo meal in fast food restaurant (big mac meal or similar) 7 B/.
500 gr (1 lb.) of boneless chicken breast 3.14 B/.
1 liter (1 qt.) of whole fat milk 1.69 B/.
12 eggs, large 2.80 B/.
1 kg (2 lb.) of tomatoes 2.12 B/.
500 gr (16 oz.) of local cheese 7 B/.
1 kg (2 lb.) of apples 3.44 B/.
1 kg (2 lb.) of potatoes 1.85 B/.
0.5 l (16 oz) domestic beer in the supermarket 1.92 B/.
1 bottle of red table wine, good quality 12 B/.
2 liters of coca-cola 2.45 B/.
Bread for 2 people for 1 day 1.76 B/.
Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 1,395 B/.
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 824 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 99 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 933 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 585 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 77 B/.
Internet 8 mbps (1 month) 41 B/.
40” flat screen tv 332 B/.
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 109 B/.
Laundry detergent (3 l. ~ 100 oz.) 7 B/.
Hourly rate for cleaning help 9 B/.
Clothes Update prices
1 pair of jeans (levis 501 or similar) 48 B/.
1 summer dress in a high street store (zara, h&m or similar retailers) 33 B/.
1 pair of sport shoes (nike, adidas, or equivalent brands) 81 B/.
1 pair of men’s leather business shoes 84 B/.
Transportation Update prices
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new 22,346 B/.
1 liter (1/4 gallon) of gas 1.25 B/.
Monthly ticket public transport 39 B/.
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 12 B/.
Personal Care Update prices
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) 8 B/.
1 box of antibiotics (12 doses) 28 B/.
Short visit to private doctor (15 minutes) 69 B/.
1 box of 32 tampons (tampax, ob, ...) 8 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 6.00 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 7 B/.
4 rolls of toilet paper 3.02 B/.
Tube of toothpaste 3.71 B/.
Standard men's haircut in expat area of the city 17 B/.
Entertainment Update prices
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) 45 B/.
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert 48 B/.
1 cocktail drink in downtown club 9 B/.
Cappuccino in expat area of the city 5.46 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 3.32 B/.
Ipad wi-fi 128gb 743 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.29 B/.
1 month of gym membership in business district 53 B/.
1 package of marlboro cigarettes 5.99 B/.
These prices are based on abundant and consistent data. They are very reliable. They are based on 799 prices entered by 71 different people.
Latest price update: September 24, 2022

Moving to Panama City with your children?

International Schools in Panama City

Panama City position in our World Ranking

the world
102nd
out of 234
latin america
4th
out of 28

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

the world
5th
latin america
1st
latin america
1st
latin america
1st
latin america
2nd
latin america
2nd

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International Cost of Living Index

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