Cost of living in Panama City, Panama

Summary of cost of living in Panama City

  • Family of four estimated monthly costs: 3,256 B/.
  • Single person estimated monthly costs: 1,616 B/.
  • Cost of living in Panama City is more expensive than in 77% of cities in Latin America (8 out of 30)
  • Cost of living in Panama City is cheaper than in 69% of cities in the World (131 out of 189)
What salary will you need in Panama City?
Find out with your own Salary Calculation.

List of prices in Panama City
Current as of Mar 2024.

Change the currency:
Food Update prices
Basic lunchtime menu (including a drink) in the business district 14 B/.
Combo meal in fast food restaurant (big mac meal or similar) 7 B/.
500 gr (1 lb.) of boneless chicken breast 3.62 B/.
1 liter (1 qt.) of whole fat milk 1.71 B/.
12 eggs, large 3.28 B/.
1 kg (2 lb.) of tomatoes 2.45 B/.
500 gr (16 oz.) of local cheese 6 B/.
1 kg (2 lb.) of apples 2.46 B/.
1 kg (2 lb.) of potatoes 2.22 B/.
0.5 l (16 oz) domestic beer in the supermarket 0.98 B/.
1 bottle of red table wine, good quality 12 B/.
2 liters of coca-cola 2.61 B/.
Bread for 2 people for 1 day 1.27 B/.
Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 1,274 B/.
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 844 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 141 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 849 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 530 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 91 B/.
Internet 8 mbps (1 month) 41 B/.
40” flat screen tv 333 B/.
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 99 B/.
Laundry detergent (3 l. ~ 100 oz.) 9 B/.
Hourly rate for cleaning help 4.57 B/.
Clothes Update prices
1 pair of jeans (levis 501 or similar) 54 B/.
1 summer dress in a high street store (zara, h&m or similar retailers) 37 B/.
1 pair of sport shoes (nike, adidas, or equivalent brands) 97 B/.
1 pair of men’s leather business shoes 86 B/.
Transportation Update prices
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new 22,092 B/.
1 liter (1/4 gallon) of gas 1.08 B/.
Monthly ticket public transport 29 B/.
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 8 B/.
Personal Care Update prices
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) 9 B/.
1 box of antibiotics (12 doses) 22 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.) 4.00 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 7 B/.
4 rolls of toilet paper 3.20 B/.
Tube of toothpaste 3.08 B/.
Standard men's haircut in expat area of the city 17 B/.
Entertainment Update prices
Basic dinner out for two in neighborhood pub 36 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 55 B/.
1 cocktail drink in downtown club 10 B/.
Cappuccino in expat area of the city 5.62 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 2.84 B/.
Ipad wi-fi 128gb 680 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.32 B/.
1 month of gym membership in business district 51 B/.
1 package of marlboro cigarettes 5.76 B/.
These prices are based on abundant and consistent data. They are very reliable. They are based on 457 prices entered by 60 different people.
Latest price update: March 18, 2024

Moving to Panama City with your children?

International Schools in Panama City

Panama City position in our World Ranking

the world
131st
out of 189
latin america
8th
out of 30

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

latin america
2nd
latin america
4th
latin america
4th
latin america
4th
latin america
4th
latin america
4th

Do you live in Panama City? We need your help!

What is the price of

Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new

in Panama City?

B/.

Are you moving to Panama City? 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 City of your current salary and improve your chances of a happy relocation.

Get a Salary Calculation for Panama City

International Cost of Living Index

loading...

Prices recently added

  • Basic lunchtime menu (including a drink) in the business district in Phnom Penh costs 20,000 Riels (about 1 hour ago)
  • 1 month of gym membership in business district in Pattaya costs 1,900 ฿ (about 2 hours ago)
  • 1 bottle of red table wine, good quality in Jamshedpur costs ₨3,000 (about 2 hours ago)
  • 500 ml beer in neighbourhood pub in Bihar Sharif costs ₨1,000 (about 3 hours ago)
  • Furnished accommodation in normal area, monthly rent - 85 m2 in Vitoria-Gasteiz costs €1,000 (about 3 hours ago)
  • Basic lunchtime menu (including a drink) in the business district in Sydney costs AU$20 (about 3 hours ago)

Make a different comparison:

Compare cost of living between cities:
vs