Cost of living in Panama City, Panama

Summary of cost of living in Panama City

Family of four estimated monthly costs: 3,213 B/.
Single person estimated monthly costs: 1,682 B/.
Panama City is the 4th most expensive city in Latin America (4 out of 51)
Cost of living in Panama City is cheaper than in 58% of cities in the World (174 out of 301)

List of prices in Panama City, Panama. Current as of Dec 2019.

Change the currency:
Food [Edit]
Basic lunchtime menu (including a drink) in the business district 13 B/.
Combo meal in fast food restaurant (Big Mac Meal or similar) 7 B/.
500 gr (1 lb.) of boneless chicken breast 3.54 B/.
1 liter (1 qt.) of whole fat milk 1.57 B/.
12 eggs, large 2.31 B/.
1 kg (2 lb.) of tomatoes 2.40 B/.
500 gr (16 oz.) of local cheese 6 B/.
1 kg (2 lb.) of apples 3.03 B/.
1 kg (2 lb.) of potatoes 1.85 B/.
0.5 l (16 oz) domestic beer in the supermarket 0.91 B/.
1 bottle of red table wine, good quality 10 B/.
2 liters of Coca-Cola 2.47 B/.
Bread for 2 people for 1 day 1.27 B/.
Housing [Edit]
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 1,393 B/.
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 883 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 131 B/.
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 1,006 B/.
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 621 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 108 B/.
Internet 8 Mbps (1 month) 34 B/.
40” flat screen TV 373 B/.
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 105 B/.
Laundry detergent (3 l. ~ 100 oz.) 9 B/.
Hourly rate for cleaning help 4.85 B/.
Clothes [Edit]
1 pair of jeans (Levis 501 or similar) 53 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) 78 B/.
1 pair of men’s leather business shoes 80 B/.
Transportation [Edit]
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 19,439 B/.
1 liter (1/4 gallon) of gas 0.79 B/.
Monthly ticket public transport 34 B/.
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 15 B/.
Personal Care [Edit]
Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) 6 B/.
1 box of antibiotics (12 doses) 30 B/.
Short visit to private Doctor (15 minutes) 49 B/.
1 box of 32 tampons (Tampax, OB, ...) 7 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 3.99 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 5.64 B/.
4 rolls of toilet paper 2.50 B/.
Tube of toothpaste 2.63 B/.
Standard men's haircut in expat area of the city 15 B/.
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 39 B/.
2 tickets to the movies 13 B/.
2 tickets to the theater (best available seats) 47 B/.
Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert 62 B/.
1 cocktail drink in downtown club 9 B/.
Cappuccino in expat area of the city 4.24 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 3.48 B/.
iPad Wi-Fi 128GB 574 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.26 B/.
1 month of gym membership in business district 52 B/.
1 package of Marlboro cigarettes 5.68 B/.
These prices are based on abundant and consistent data. They are very reliable. They are based on 1,060 prices entered by 78 different people.
Latest price update: December 13, 2019

Panama City position in our World Ranking

the world
174th
out of 301
latin america
4th
out of 51

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

latin america
2nd
latin america
3rd
latin america
3rd
latin america
3rd
latin america
3rd
latin america
4th

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International Cost of Living Index

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