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 1.40 B/.
12 eggs, large 2.53 B/.
1 kg (2 lb.) of tomatoes 2.89 B/.
500 gr (16 oz.) of local cheese 6 B/.
1 kg (2 lb.) of apples 3.71 B/.
1 kg (2 lb.) of potatoes 1.99 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 2.22 B/.
Bread for 2 people for 1 day 1.57 B/.
Housing
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 1,610 B/.
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 1,168 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 185 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) 39 B/.
40” flat screen TV 305 B/.
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 104 B/.
Laundry detergent (3 l. ~ 100 oz.) 13 B/.
Hourly rate for cleaning help 4.81 B/.
Clothes
1 pair of jeans (Levis 501 or similar) 57 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) 76 B/.
1 pair of men’s leather business shoes 94 B/.
Transportation
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 18,487 B/.
1 liter (1/4 gallon) of gas 0.74 B/.
Monthly ticket public transport 24 B/.
Personal Care
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 7 B/.
1 box of antibiotics (12 doses) 30 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.) 5.54 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 7 B/.
4 rolls of toilet paper 3.49 B/.
Tube of toothpaste 3.09 B/.
Standard men's haircut in expat area of the city 9 B/.
Entertainment
Basic dinner out for two in neighborhood pub 34 B/.
2 tickets to the movies 12 B/.
2 tickets to the theater (best available seats) 41 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 4.56 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 4.12 B/.
iPad Wi-Fi 128GB 376 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.21 B/.
1 month of gym membership in business district 71 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

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

Recent Prices Added

  • Ipad wi-fi 128gb in Panama City costs 460 B/. (1 day ago)
  • Public transport in Panama City costs 13 B/. (2 days ago)
  • 500 ml beer in neighbourhood pub in Panama City costs 5.00 B/. (6 days ago)
  • Cappuccino in expat area of the city in Panama City costs 5.00 B/. (6 days ago)
  • Cocktail drink in downtown club in Panama City costs 20 B/. (6 days ago)
  • Nice dinner at an italian restaurant, dinner for two in Panama City costs 50 B/. (6 days ago)
  • 2 tickets to the theater (best available seats) in Panama City costs 25 B/. (6 days ago)
  • 2 tickets to the movies in Panama City costs 11 B/. (6 days ago)
  • Basic dinner out in neighborhood pub, dinner for two in Panama City costs 40 B/. (6 days ago)
  • One-way ticket in public transport in Panama City costs 0.25 B/. (6 days ago)