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 2.62 B/.
1 liter (1 qt.) of whole fat milk 1.53 B/.
12 eggs, large 2.62 B/.
1 kg (2 lb.) of tomatoes 2.83 B/.
500 gr (16 oz.) of local cheese 7 B/.
1 kg (2 lb.) of apples 4.43 B/.
1 kg (2 lb.) of potatoes 1.95 B/.
0.5 l (16 oz) domestic beer in the supermarket 0.88 B/.
1 bottle of red table wine, good quality 10 B/.
2 liters of Coca-Cola 2.21 B/.
Bread for 2 people for 1 day 1.52 B/.
Housing
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 1,510 B/.
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 921 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 164 B/.
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 1,109 B/.
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 681 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 123 B/.
Internet 8 Mbps (1 month) 33 B/.
40” flat screen TV 329 B/.
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 82 B/.
Laundry detergent (3 l. ~ 100 oz.) 13 B/.
Hourly rate for cleaning help 3.98 B/.
Clothes
1 pair of jeans (Levis 501 or similar) 55 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) 74 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 18,091 B/.
1 liter (1/4 gallon) of gas 0.78 B/.
Monthly ticket public transport 33 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) 41 B/.
1 box of 32 tampons (Tampax, OB, ...) 7 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 5.81 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 5.17 B/.
4 rolls of toilet paper 3.40 B/.
Tube of toothpaste 2.66 B/.
Standard men's haircut in expat area of the city 11 B/.
Entertainment
Basic dinner out for two in neighborhood pub 40 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 66 B/.
1 cocktail drink in downtown club 9 B/.
Cappuccino in expat area of the city 4.62 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 3.71 B/.
iPad Wi-Fi 128GB 668 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.15 B/.
1 month of gym membership in business district 61 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

Recent Prices Added

  • Ipad wi-fi 128gb in Panama City costs 600 B/. (5 days ago)
  • Monthly rent - 85 m2 furnished accommodation in expensive area in Panama City costs 2,000 B/. (5 days ago)
  • 1 bottle of red table wine, good quality in Panama City costs 14 B/. (5 days ago)
  • Combo meal in fast food restaurant (big mac meal or similar) in Panama City costs 8 B/. (5 days ago)
  • Basic lunchtime menu (including a drink) in the business district in Panama City costs 10 B/. (5 days ago)
  • Public transport in Panama City costs 18 B/. (5 days ago)
  • Furnished accommodation in normal area, monthly rent - 85 m2 in Panama City costs 850 B/. (8 days ago)
  • Combo meal in fast food restaurant (big mac meal or similar) in Panama City costs 5.50 B/. (8 days ago)