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 4.10 B/.
1 liter (1 qt.) of whole fat milk 1.43 B/.
12 eggs, large 2.66 B/.
1 kg (2 lb.) of tomatoes 2.99 B/.
500 gr (16 oz.) of local cheese 7 B/.
1 kg (2 lb.) of apples 3.76 B/.
1 kg (2 lb.) of potatoes 2.31 B/.
0.5 l (16 oz) domestic beer in the supermarket 1.27 B/.
1 bottle of red table wine, good quality 8 B/.
2 liters of Coca-Cola 2.14 B/.
Bread for 2 people for 1 day 1.66 B/.
Housing
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 1,563 B/.
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 1,179 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 203 B/.
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 1,241 B/.
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 828 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 160 B/.
Internet 8 Mbps (1 month) 40 B/.
40” flat screen TV 341 B/.
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 112 B/.
Laundry detergent (3 l. ~ 100 oz.) 14 B/.
Hourly rate for cleaning help 4.47 B/.
Clothes
1 pair of jeans (Levis 501 or similar) 58 B/.
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 38 B/.
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 85 B/.
1 pair of men’s leather business shoes 116 B/.
Transportation
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 17,769 B/.
1 liter (1/4 gallon) of gas 0.71 B/.
Monthly ticket public transport 21 B/.
Personal Care
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 7 B/.
1 box of antibiotics (12 doses) 25 B/.
Short visit to private Doctor (15 minutes) 40 B/.
1 box of 32 tampons (Tampax, OB, ...) 7 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 5.50 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 7 B/.
4 rolls of toilet paper 3.31 B/.
Tube of toothpaste 3.05 B/.
Standard men's haircut in expat area of the city 10 B/.
Entertainment
Basic dinner out for two in neighborhood pub 35 B/.
2 tickets to the movies 11 B/.
2 tickets to the theater (best available seats) 51 B/.
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 71 B/.
1 cocktail drink in downtown club 8 B/.
Cappuccino in expat area of the city 4.33 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 4.50 B/.
iPad Air 2, 64GB 489 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.21 B/.
1 month of gym membership in business district 70 B/.
1 package of Marlboro cigarettes 5.04 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

What do you think about the cost of living in Panama?

Recent Prices Added

  • Public transport in Panama City costs 25 B/. (about 3 hours ago)
  • Summer dress in a high street store (zara, h&m or similar retailers) in Panama City costs 20 B/. (about 3 hours ago)
  • Jeans (levis 501 or similar) in Panama City costs 30 B/. (about 3 hours ago)
  • Internet connection 300 mbps, 1 month in Panama City costs 35 B/. (about 3 hours ago)
  • Furnished accommodation in normal area, monthly rent - 85 m2 in Panama City costs 900 B/. (about 3 hours ago)
  • Monthly rent - 85 m2 furnished accommodation in expensive area in Panama City costs 1,600 B/. (about 3 hours ago)
  • Combo meal in fast food restaurant (big mac meal or similar) in Panama City costs 5.50 B/. (about 3 hours ago)
  • Basic lunchtime menu (including a drink) in the business district in Panama City costs 7 B/. (about 3 hours ago)
  • 1 lb of rice in Panama City costs 154 B/. (5 days ago)
  • 2 liters of coca-cola in Panama City costs 2.00 B/. (5 days ago)