Cost of living in Panama City, Panama

Summary of cost of living in Panama City

  • Family of four estimated monthly costs: 3,459 B/.
  • Single person estimated monthly costs: 1,707 B/.
  • Panama City is the 4th most expensive city in Latin America (4 out of 28)
  • Cost of living in Panama City is more expensive than in 51% of cities in the World (108 out of 219)
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List of prices in Panama City
Current as of Nov 2022.

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Food Update prices
Basic lunchtime menu (including a drink) in the business district 19 B/.
Combo meal in fast food restaurant (big mac meal or similar) 7 B/.
500 gr (1 lb.) of boneless chicken breast 3.14 B/.
1 liter (1 qt.) of whole fat milk 1.78 B/.
12 eggs, large 2.80 B/.
1 kg (2 lb.) of tomatoes 2.12 B/.
500 gr (16 oz.) of local cheese 7 B/.
1 kg (2 lb.) of apples 3.44 B/.
1 kg (2 lb.) of potatoes 1.85 B/.
0.5 l (16 oz) domestic beer in the supermarket 1.92 B/.
1 bottle of red table wine, good quality 12 B/.
2 liters of coca-cola 2.47 B/.
Bread for 2 people for 1 day 1.76 B/.
Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 1,358 B/.
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 853 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 109 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 925 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 585 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 83 B/.
Internet 8 mbps (1 month) 41 B/.
40” flat screen tv 332 B/.
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 109 B/.
Laundry detergent (3 l. ~ 100 oz.) 7 B/.
Hourly rate for cleaning help 15 B/.
Clothes Update prices
1 pair of jeans (levis 501 or similar) 44 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) 81 B/.
1 pair of men’s leather business shoes 84 B/.
Transportation Update prices
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new 22,346 B/.
1 liter (1/4 gallon) of gas 1.28 B/.
Monthly ticket public transport 42 B/.
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 11 B/.
Personal Care Update prices
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) 8 B/.
1 box of antibiotics (12 doses) 28 B/.
Short visit to private doctor (15 minutes) 69 B/.
1 box of 32 tampons (tampax, ob, ...) 8 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 5.05 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 7 B/.
4 rolls of toilet paper 3.05 B/.
Tube of toothpaste 3.71 B/.
Standard men's haircut in expat area of the city 18 B/.
Entertainment Update prices
Basic dinner out for two in neighborhood pub 26 B/.
2 tickets to the movies 13 B/.
2 tickets to the theater (best available seats) 45 B/.
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert 45 B/.
1 cocktail drink in downtown club 9 B/.
Cappuccino in expat area of the city 5.46 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 3.32 B/.
Ipad wi-fi 128gb 755 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.29 B/.
1 month of gym membership in business district 53 B/.
1 package of marlboro cigarettes 5.99 B/.
These prices are based on abundant and consistent data. They are very reliable. They are based on 633 prices entered by 70 different people.
Latest price update: November 28, 2022

Moving to Panama City with your children?

International Schools in Panama City

Panama City position in our World Ranking

the world
108th
out of 219
latin america
4th
out of 28

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

latin america
2nd
latin america
2nd
latin america
2nd
latin america
3rd
latin america
3rd
latin america
3rd

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International Cost of Living Index

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