Cost of living in Panama City, Panama

Summary of cost of living in Panama City

  • Family of four estimated monthly costs: 3,562 B/.
  • Single person estimated monthly costs: 1,865 B/.
    • WARNING!  These estimates are based on data that may have some inconsistencies at the moment. They already provide a decent estimate but they are not currently bullet-proof.

List of prices in Panama City
Current as of Jul 2025.

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Food Update prices
Basic lunchtime menu (including a drink) in the business district 15 B/.
Combo meal in fast food restaurant (big mac meal or similar) 8 B/.
500 gr (1 lb.) of boneless chicken breast 3.38 B/.
1 liter (1 qt.) of whole fat milk 1.79 B/.
12 eggs, large 3.15 B/.
1 kg (2 lb.) of tomatoes 2.62 B/.
500 gr (16 oz.) of local cheese 6 B/.
1 kg (2 lb.) of apples 2.80 B/.
1 kg (2 lb.) of potatoes 2.46 B/.
0.5 l (16 oz) domestic beer in the supermarket 1.50 B/.
1 bottle of red table wine, good quality 12 B/.
2 liters of coca-cola 2.43 B/.
Bread for 2 people for 1 day 1.55 B/.
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Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 1,591 B/.
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 962 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 135 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 1,033 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 634 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 90 B/.
Internet 8 mbps (1 month) 38 B/.
40” flat screen tv 299 B/.
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 107 B/.
Laundry detergent (3 l. ~ 100 oz.) 9 B/.
Hourly rate for cleaning help 12 B/.
Clothes Update prices
1 pair of jeans (levis 501 or similar) 57 B/.
1 summer dress in a high street store (zara, h&m or similar retailers) 43 B/.
1 pair of sport shoes (nike, adidas, or equivalent brands) 93 B/.
1 pair of men’s leather business shoes 100 B/.
Transportation Update prices
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new 22,225 B/.
1 liter (1/4 gallon) of gas 1.10 B/.
Monthly ticket public transport 24 B/.
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 10 B/.
Expatistan is a collaborative effort. The data gets better with every new price that you enter.
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Personal Care Update prices
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) 9 B/.
1 box of antibiotics (12 doses) 23 B/.
Short visit to private doctor (15 minutes) 55 B/.
1 box of 32 tampons (tampax, ob, ...) 8 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 4.26 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 8 B/.
4 rolls of toilet paper 2.95 B/.
Tube of toothpaste 3.04 B/.
Standard men's haircut in expat area of the city 18 B/.
Entertainment Update prices
Basic dinner out for two in neighborhood pub 36 B/.
2 tickets to the movies 11 B/.
2 tickets to the theater (best available seats) 34 B/.
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert 64 B/.
1 cocktail drink in downtown club 11 B/.
Cappuccino in expat area of the city 5.10 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 2.82 B/.
Ipad wi-fi 128gb 689 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.34 B/.
1 month of gym membership in business district 52 B/.
1 package of marlboro cigarettes 6 B/.
Some of these prices have some inconsistencies. They already provide a reliable comparison but they are not bullet-proof. They are based on 303 prices entered by 34 different people.
Latest price update: July 18, 2025

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What is the price of

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

in Panama City?

B/.

International Cost of Living Index

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Prices recently added

  • Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new in Montreal costs C$45,024 (about 3 hours ago)
  • Basic lunchtime menu (including a drink) in the business district in Victoria costs C$45 (about 5 hours ago)
  • 12 eggs, large in Buenos Aires costs ARS $2,500 (about 7 hours ago)
  • Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new in Villahermosa costs Mex$ 420,000 (about 7 hours ago)
  • 1 us gal of gasoline in Toronto costs C$2.64 (about 8 hours ago)
  • Monthly rent - 45 m2 furnished studio in expensive area in Córdoba costs ARS $350,000 (about 8 hours ago)

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