Cost of living in Panama

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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Food
Basic lunchtime menu (including a drink) in the business district 8 B/.
Combo meal in fast food restaurant (Big Mac Meal or similar) 6 B/.
500 gr (1 lb.) of boneless chicken breast 3.62 B/.
1 liter (1 qt.) of whole fat milk 1.62 B/.
12 eggs, large 2.62 B/.
1 kg (2 lb.) of tomatoes 3.05 B/.
500 gr (16 oz.) of local cheese 7 B/.
1 kg (2 lb.) of apples 3.74 B/.
1 kg (2 lb.) of potatoes 1.82 B/.
0.5 l (16 oz) domestic beer in the supermarket 1.41 B/.
1 bottle of red table wine, good quality 9 B/.
2 liters of Coca-Cola 2.27 B/.
Bread for 2 people for 1 day 1.63 B/.
Housing
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 1,569 B/.
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 1,084 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 183 B/.
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 1,196 B/.
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 760 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 156 B/.
Internet 8 Mbps (1 month) 37 B/.
40” flat screen TV 313 B/.
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 97 B/.
Laundry detergent (3 l. ~ 100 oz.) 13 B/.
Hourly rate for cleaning help 5.20 B/.
Clothes
1 pair of jeans (Levis 501 or similar) 60 B/.
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 36 B/.
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 77 B/.
1 pair of men’s leather business shoes 100 B/.
Transportation
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 19,452 B/.
1 liter (1/4 gallon) of gas 0.77 B/.
Monthly ticket public transport 25 B/.
Personal Care
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 7 B/.
1 box of antibiotics (12 doses) 10 B/.
Short visit to private Doctor (15 minutes) 36 B/.
1 box of 32 tampons (Tampax, OB, ...) 7 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 5.74 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 6 B/.
4 rolls of toilet paper 3.39 B/.
Tube of toothpaste 3.07 B/.
Standard men's haircut in expat area of the city 12 B/.
Entertainment
Basic dinner out for two in neighborhood pub 38 B/.
2 tickets to the movies 12 B/.
2 tickets to the theater (best available seats) 86 B/.
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 74 B/.
1 cocktail drink in downtown club 9 B/.
Cappuccino in expat area of the city 4.82 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 3.81 B/.
iPad Wi-Fi 128GB 382 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.15 B/.
1 month of gym membership in business district 70 B/.
1 package of Marlboro cigarettes 5.07 B/.

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.

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.

Get a salary calculation for:

List of all cities available in Panama

Colón Coronado, Panama David
Las Tablas Panama City

Recent Prices Added

  • 1 month of gym membership in business district in Panama City costs 100 B/. (4 days ago)
  • Cappuccino in expat area of the city in Panama City costs 6.00 B/. (4 days ago)
  • Cocktail drink in downtown club in Panama City costs 12 B/. (4 days ago)
  • Nice dinner at an italian restaurant, dinner for two in Panama City costs 80 B/. (4 days ago)
  • 2 tickets to the movies in Panama City costs 15 B/. (4 days ago)
  • Basic dinner out in neighborhood pub, dinner for two in Panama City costs 50 B/. (4 days ago)
  • Hourly rate for babysitter services in Panama City costs 35 B/. (4 days ago)
  • Standard men's haircut in expat area of the city in Panama City costs 15 B/. (4 days ago)
  • Short visit to private doctor in Panama City costs 60 B/. (4 days ago)
  • One-way ticket in public transport in Panama City costs 0.50 B/. (4 days ago)