Cost of living in Panama City, Panama

Summary of cost of living in Panama City

  • Family of four estimated monthly costs: 3,102 B/.
  • Single person estimated monthly costs: 1,604 B/.
  • Panama City is the 4th most expensive city in Latin America (4 out of 44)
  • Cost of living in Panama City is cheaper than in 60% of cities in the World (155 out of 258)

List of prices in Panama City, Panama. Current as of Apr 2020.

Change the currency:
Food [Edit]
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 3.52 B/.
1 liter (1 qt.) of whole fat milk 1.61 B/.
12 eggs, large 2.37 B/.
1 kg (2 lb.) of tomatoes 2.44 B/.
500 gr (16 oz.) of local cheese 6 B/.
1 kg (2 lb.) of apples 3.08 B/.
1 kg (2 lb.) of potatoes 1.83 B/.
0.5 l (16 oz) domestic beer in the supermarket 0.91 B/.
1 bottle of red table wine, good quality 10 B/.
2 liters of coca-cola 2.54 B/.
Bread for 2 people for 1 day 1.24 B/.
Housing [Edit]
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 1,290 B/.
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 855 B/.
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 115 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 919 B/.
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 588 B/.
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 103 B/.
Internet 8 mbps (1 month) 33 B/.
40” flat screen tv 379 B/.
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 112 B/.
Laundry detergent (3 l. ~ 100 oz.) 8 B/.
Hourly rate for cleaning help 4.77 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) 80 B/.
1 pair of men’s leather business shoes 83 B/.
Transportation [Edit]
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new 19,907 B/.
1 liter (1/4 gallon) of gas 0.83 B/.
Monthly ticket public transport 26 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) 8 B/.
1 box of antibiotics (12 doses) 29 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.) 3.67 B/.
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 5.62 B/.
4 rolls of toilet paper 2.18 B/.
Tube of toothpaste 2.71 B/.
Standard men's haircut in expat area of the city 16 B/.
Entertainment [Edit]
Basic dinner out for two in neighborhood pub 39 B/.
2 tickets to the movies 13 B/.
2 tickets to the theater (best available seats) 75 B/.
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert 60 B/.
1 cocktail drink in downtown club 10 B/.
Cappuccino in expat area of the city 4.10 B/.
1 beer in neighbourhood pub (500ml or 1pt.) 2.89 B/.
Ipad wi-fi 128gb 561 B/.
1 min. of prepaid mobile tariff (no discounts or plans) 0.23 B/.
1 month of gym membership in business district 52 B/.
1 package of marlboro cigarettes 5.62 B/.
These prices are based on abundant and consistent data. They are very reliable. They are based on 972 prices entered by 80 different people.
Latest price update: April 02, 2020

Panama City position in our World Ranking

the world
155th
out of 258
latin america
4th
out of 44

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

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

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

What is the price of

Furnished accommodation in EXPENSIVE area

in Panama City?

B/.

International Cost of Living Index

loading...

Prices recently added

  • 1 pack of marlboro cigarettes in Houston, Texas costs $8 (39 minutes ago)
  • Monthly rent - 85 m2 furnished accommodation in expensive area in San Antonio, Texas costs $1,000 (about 1 hour ago)
  • Internet connection 300 mbps, 1 month in Portland, Oregon costs $50 (about 2 hours ago)
  • Monthly rent - 900 sqft furnished accommodation in expensive area in Honolulu, Hawaii costs $3,050 (about 2 hours ago)
  • Public transport in Niš costs 1,980 Дин. (about 3 hours ago)
  • Monthly rent - 900 sqft furnished accommodation in expensive area in Chicago, Illinois costs $3,050 (about 4 hours ago)