Cost of living in Panama City, Panama

Summary of cost of living in Panama City

  • Family of four estimated monthly costs: 3,215 B/.
  • Single person estimated monthly costs: 1,690 B/.
  • Panama City is the 3rd most expensive city in Latin America (3 out of 33)
  • Cost of living in Panama City is cheaper than in 57% of cities in the World (91 out of 161)
What salary will you need in Panama City?
Find out with your own Salary Calculation.

List of prices in Panama City
Current as of Nov 2021.

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 1.49 B/.
12 eggs, large 2.26 B/.
1 kg (2 lb.) of tomatoes 2.26 B/.
500 gr (16 oz.) of local cheese 5.42 B/.
1 kg (2 lb.) of apples 2.35 B/.
1 kg (2 lb.) of potatoes 2.04 B/.
0.5 l (16 oz) domestic beer in the supermarket 1.13 B/.
1 bottle of red table wine, good quality 12 B/.
2 liters of coca-cola 2.28 B/.
Bread for 2 people for 1 day 1.28 B/.
Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 1,462 B/.
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 854 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 95 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 953 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 557 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 70 B/.
Internet 8 mbps (1 month) 41 B/.
40” flat screen tv 311 B/.
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 113 B/.
Laundry detergent (3 l. ~ 100 oz.) 7 B/.
Hourly rate for cleaning help 5.66 B/.
Clothes Update prices
1 pair of jeans (levis 501 or similar) 47 B/.
1 summer dress in a high street store (zara, h&m or similar retailers) 36 B/.
1 pair of sport shoes (nike, adidas, or equivalent brands) 83 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 20,704 B/.
1 liter (1/4 gallon) of gas 0.85 B/.
Monthly ticket public transport 35 B/.
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 10 B/.
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) 48 B/.
1 box of 32 tampons (tampax, ob, ...) 4.83 B/.
Deodorant, roll-on (50ml ~ 1.5 oz.) 3.47 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 7 B/.
4 rolls of toilet paper 2.57 B/.
Tube of toothpaste 2.80 B/.
Standard men's haircut in expat area of the city 18 B/.
Entertainment Update prices
Basic dinner out for two in neighborhood pub 31 B/.
2 tickets to the movies 13 B/.
2 tickets to the theater (best available seats) 50 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 9 B/.
Cappuccino in expat area of the city 5.13 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 4.05 B/.
Ipad wi-fi 128gb 689 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.23 B/.
1 month of gym membership in business district 55 B/.
1 package of marlboro cigarettes 4.90 B/.
These prices are based on abundant and consistent data. They are very reliable. They are based on 573 prices entered by 63 different people.
Latest price update: November 28, 2021

Moving to Panama City with your children?

International Schools in Panama City

Panama City position in our World Ranking

the world
91st
out of 161
latin america
3rd
out of 33

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

latin america
2nd
latin america
2nd
latin america
2nd
latin america
2nd
latin america
2nd
latin america
2nd

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

What is the price of

Public transport

in Panama City?

monthly ticket
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

  • Sport shoes (nike, adidas, or equivalent brands) in San Jose, California costs $60 (1 minute ago)
  • Monthly rent - 85 m2 furnished accommodation in expensive area in Curitiba costs R$ 1,700 (7 minutes ago)
  • Monthly rent - 480 sqft furnished studio in expensive area in Houston, Texas costs $1,009 (about 2 hours ago)
  • Basic lunchtime menu (including a drink) in the business district in Milwaukee, Wisconsin costs $18 (about 3 hours ago)
  • 1 liter of whole fat milk in Rosario costs ARS $120 (about 3 hours ago)
  • 1 kg of tomatoes in San Fernando, Pampanga costs Php50 (about 3 hours ago)

Make a different comparison:

Compare cost of living between cities:
vs