Cost of living in Balboa, Panama

The cost of living in Balboa, Panama is approximately 1249 $ per month for a single person, including rent.

For a family of four, it's around 3101 $, also including rent.

Cost of living in Balboa

Cost of Living, one person, including rent
1249 $
Without Rent
580 $
Rent & Utilities
669 $
Food
442 $
Transport
38 $
Monthly Salary, after tax
862 $
GDP per Capita
18,662 $
Freedom Index
7.57
Lifespan
77 years
Speak English
14%
Population
62.9K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 11.4 $
Dinner 55.8 $
Fast food, McDonalds or KFC 7.67 $
Beer, 0.5 L or 16 fl oz 2.86 $
Capuccino 4.08 $
Coke, 330ml 1.91 $

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Markets

Milk, 1 L or 1 qt 1.73 $
Bread, 0.5 kg or 1 lb 2.23 $
Rice, 1 kg or 2 lb 2.26 $
Eggs, 12 pack 2.66 $
Cheese, 1 kg or 2 lb 12.9 $
Chicken Breast, 1 kg or 2 lb 7.36 $
Round Steak, 1 kg or 2 lb 10.1 $
Apples, 1 kg or 2 lb 3.24 $
Banana, 1 kg or 2 lb 1.54 $
Oranges, 1 kg or 2 lb 3.05 $
Tomato, 1 kg or 2 lb 2.96 $
Potato, 1 kg or 2.2 lb 2.19 $
Onion, 1 kg or 2.2 lb 2.49 $
Water, 1 L or 1 qt 1.01 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.44 $
Wine, 750 mL bottle 8.93 $
Beer, 0.5 L or 16 fl oz 1.13 $
Cigarette pack 5.94 $

Transportation

One-way Ticket 0.39 $
Monthly Pass 28.3 $
Gas or Petrol, 1l or 0.26 gal 1.02 $
Taxi, 8 km 14.6 $

Personal Care

Doctor Visit, private clinic 46.7 $
Cold medicine, for 1 week 10.9 $
Hair Shampoo, 400 ml or 12 oz. 6.51 $
Toilet paper, 4 rolls 2.97 $
Toothpaste, 1 tube 2.86 $

Utilities per Month

1 person, electricity, heating, water & garbage 78 $
Family of 4, electricity, heating, water & garbage 118 $
Internet plan, +60 Mbps 47.9 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 493 $
3 Bedroom Apartment, outside of center, 85 sq.m 1,015 $
1 Bedroom Apartment, in city center, 40 sq.m 745 $
3 Bedroom Apartment, in city center, 85 sq.m 1,558 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 2,284 $
Price per Square Meter to Buy House, in suburbs 1,473 $

Salaries and Financing

Average Monthly Net Salary, after tax 862 $
Mortgage Interest Rate, for 20 years fixed-rate 6.27%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 41.2 $
Cinema, 1 seat 6.62 $
Haircut 12.4 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 88.6 $
Brand Jeans, Levis 501 53.2 $

Childcare

Preschool, full day, monthly for 1 child 436 $
International Primary School, yearly for 1 child 9,387 $