Cost of living in Panama City, Panama

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district 9 B/.
Combo meal in fast food restaurant (Big Mac Meal or similar) 6 B/.
500 gr (1 lb.) of boneless chicken breast 4.27 B/.
1 liter (1 qt.) of whole fat milk 1.57 B/.
12 eggs, large 2.56 B/.
1 kg (2 lb.) of tomatoes 3.16 B/.
500 gr (16 oz.) of local cheese 8 B/.
1 kg (2 lb.) of apples 3.87 B/.
1 kg (2 lb.) of potatoes 1.88 B/.
0.5 l (16 oz) domestic beer in the supermarket 1.12 B/.
1 bottle of red table wine, good quality 10 B/.
2 liters of Coca-Cola 2.16 B/.
Bread for 2 people for 1 day 1.72 B/.
Housing [Edit]
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area 1,621 B/.
Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area 990 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 181 B/.
Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area 1,112 B/.
Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area 680 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio 147 B/.
Internet 8 Mbps (1 month) 32 B/.
40” flat screen TV 341 B/.
Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 79 B/.
Laundry detergent (3 l. ~ 100 oz.) 12 B/.
Hourly rate for cleaning help 4.16 B/.
Clothes [Edit]
1 pair of jeans (Levis 501 or similar) 54 B/.
1 summer dress in a High Street Store (Zara, H&M or similar retailers) 34 B/.
1 pair of sport shoes (Nike, Adidas, or equivalent brands) 76 B/.
1 pair of men’s leather business shoes 100 B/.
Transportation [Edit]
Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new 19,258 B/.
1 liter (1/4 gallon) of gas 0.78 B/.
Monthly ticket public transport 33 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) 7 B/.
1 box of antibiotics (12 doses) 26 B/.
Short visit to private Doctor (15 minutes) 42 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.) 8 B/.
4 rolls of toilet paper 3.50 B/.
Tube of toothpaste 2.81 B/.
Standard men's haircut in expat area of the city 13 B/.
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 45 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 78 B/.
1 cocktail drink in downtown club 9 B/.
Cappuccino in expat area of the city 4.80 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 4.29 B/.
iPad Wi-Fi 128GB 596 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.24 B/.
1 month of gym membership in business district 62 B/.
1 package of Marlboro cigarettes 5.05 B/.
These prices are based on abundant and consistent data. They are very reliable. They are based on 614 prices entered by 70 different people.
Latest price update: July 22, 2018.

Panama City position in our World Ranking

the world
187th
out of 344
latin america
4th
out of 54

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

the world
5th
latin america
1st
latin america
2nd
latin america
2nd
latin america
2nd
latin america
2nd

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International Cost of Living Index

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