Cost of living in Panama

The cost of living in Panama is approximately 1260 $ per month for a single person, including rent.

For a family of four, it's around 3090 $, also including rent.

Cost of living in Panama

Cost of Living, one person, including rent
1260 $
Without Rent
606 $
Rent & Utilities
654 $
Food
442 $
Transport
67 $
Monthly Salary, after tax
856 $
GDP per Capita
18,662 $
Freedom Index
7.57
Lifespan
77 years
Speak English
14%
Population
4.1M

Restaurants

Lunch menu, inexpensive restaurant 11.3 $
Dinner 54.2 $
Fast food, McDonalds or KFC 7.61 $
Beer, 0.5 L or 16 fl oz 2.82 $
Capuccino 3.96 $
Coke, 330ml 1.88 $

Markets

Milk, 1 L or 1 qt 1.77 $
Bread, 0.5 kg or 1 lb 2.23 $
Rice, 1 kg or 2 lb 2.26 $
Eggs, 12 pack 2.67 $
Cheese, 1 kg or 2 lb 12.5 $
Chicken Breast, 1 kg or 2 lb 7.36 $
Round Steak, 1 kg or 2 lb 9.88 $
Apples, 1 kg or 2 lb 3.32 $
Banana, 1 kg or 2 lb 1.54 $
Oranges, 1 kg or 2 lb 3.08 $
Tomato, 1 kg or 2 lb 2.92 $
Potato, 1 kg or 2.2 lb 2.23 $
Onion, 1 kg or 2.2 lb 2.51 $
Water, 1 L or 1 qt 1.01 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.44 $
Wine, 750 mL bottle 8.84 $
Beer, 0.5 L or 16 fl oz 1.11 $
Cigarette pack 5.89 $

Transportation

One-way Ticket 0.4 $
Monthly Pass 30.2 $
Gas or Petrol, 1l or 0.26 gal 1.05 $
Taxi, 8 km 14.8 $

Personal Care

Doctor Visit, private clinic 45.6 $
Cold medicine, for 1 week 12.1 $
Hair Shampoo, 400 ml or 12 oz. 6.01 $
Toilet paper, 4 rolls 2.89 $
Toothpaste, 1 tube 2.65 $

Utilities per Month

1 person, electricity, heating, water & garbage 80 $
Family of 4, electricity, heating, water & garbage 122 $
Internet plan, +60 Mbps 47.6 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 483 $
3 Bedroom Apartment, outside of center, 85 sq.m 928 $
1 Bedroom Apartment, in city center, 40 sq.m 699 $
3 Bedroom Apartment, in city center, 85 sq.m 1,448 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 2,352 $
Price per Square Meter to Buy House, in suburbs 1,504 $

Salaries and Financing

Average Monthly Net Salary, after tax 856 $
Mortgage Interest Rate, for 20 years fixed-rate 6.19%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 38.9 $
Cinema, 1 seat 6.51 $
Haircut 11.5 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 86.4 $
Brand Jeans, Levis 501 53.1 $

Childcare

Preschool, full day, monthly for 1 child 438 $
International Primary School, yearly for 1 child 9,292 $

Cities in Panama by Cost of Living

City Cost of Living without rent
Panama City
$633
Pacora
$611
Penonome
$610
Colon
$595
Chitre
$590
La Chorrera
$587
Balboa
$580
Santiago de Veraguas
$577
Tocumen
$568
David
$475