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.

The cost of living in Balboa is 15% cheaper than in Columbus, without rent.

Rent in Balboa is, on average, 51% lower than in Columbus.

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 $

Compare Balboa with:

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 $

Compare Balboa with other top cities

Cayman Islands
Balboa vs George Town (George Town is 192% more expensive)
Bahamas
Balboa vs Nassau (Nassau is 120% more expensive) Balboa vs Freeport (Freeport is 76% more expensive)
Vanuatu
Balboa vs Port Vila (Port Vila is 88% more expensive) Balboa vs Luganville (Luganville is 145% more expensive)
United States
Balboa vs New York City (New York City is 224% more expensive) Balboa vs Los Angeles (Los Angeles is 155% more expensive) Balboa vs Chicago (Chicago is 114% more expensive) Balboa vs Houston (Houston is 80% more expensive) Balboa vs Phoenix (Phoenix is 90% more expensive) Balboa vs Philadelphia (Philadelphia is 103% more expensive) Balboa vs San Antonio (San Antonio is 76% more expensive) Balboa vs San Diego (San Diego is 168% more expensive) Balboa vs Dallas (Dallas is 104% more expensive) Balboa vs San Jose (San Jose is 194% more expensive)
Canada
Balboa vs Toronto (Toronto is 106% more expensive) Balboa vs Montreal (Montreal is 56% more expensive) Balboa vs Calgary (Calgary is 72% more expensive) Balboa vs Ottawa (Ottawa is 79% more expensive) Balboa vs Edmonton (Edmonton is 43% more expensive) Balboa vs Winnipeg (Winnipeg is 40% more expensive) Balboa vs Mississauga (Mississauga is 98% more expensive) Balboa vs Vancouver (Vancouver is 112% more expensive) Balboa vs Brampton (Brampton is 70% more expensive) Balboa vs Hamilton (Hamilton is 72% more expensive)
Barbados
Balboa vs Bridgetown (Bridgetown is 9% more expensive) Balboa vs Holetown (Holetown is 11% more expensive)
Panama
Balboa vs Panama City (Panama City is 11% more expensive) Balboa vs Colon (Colon is 5% less expensive) Balboa vs Tocumen (Tocumen is 1% less expensive) Balboa vs Santiago de Veraguas (Santiago de Veraguas is 15% less expensive) Balboa vs David (David is 33% less expensive) Balboa vs La Chorrera (La Chorrera is 24% less expensive) Balboa vs Balboa (Balboa has similar costs) Balboa vs Pacora (Pacora has similar costs) Balboa vs Chitre (Chitre is 13% less expensive) Balboa vs Penonome (Penonome is 12% less expensive)
Saint Kitts And Nevis
Balboa vs Basseterre (Basseterre is 1% less expensive) Balboa vs Cayon (Cayon is 1% less expensive)
Cuba
Balboa vs Havana (Havana is 18% less expensive) Balboa vs Santiago de Cuba (Santiago de Cuba is 13% more expensive) Balboa vs Holguin (Holguin is 2% more expensive) Balboa vs Camaguey (Camaguey is 22% more expensive) Balboa vs Santa Clara (Santa Clara is 16% less expensive) Balboa vs Bayamo (Bayamo is 7% less expensive) Balboa vs Guantanamo (Guantanamo is 25% more expensive) Balboa vs Las Tunas (Las Tunas is 25% more expensive) Balboa vs Pinar del Rio (Pinar del Rio is 12% less expensive) Balboa vs Cienfuegos (Cienfuegos is 30% less expensive)
Costa Rica
Balboa vs San Jose (San Jose is 1% less expensive) Balboa vs Limon (Limon is 4% less expensive) Balboa vs Liberia (Liberia is 28% less expensive) Balboa vs Alajuela (Alajuela is 1% less expensive) Balboa vs Puntarenas (Puntarenas is 2% more expensive) Balboa vs Cartago (Cartago is 23% less expensive) Balboa vs Heredia (Heredia is 0% less expensive) Balboa vs Tamarindo (Tamarindo is 35% more expensive) Balboa vs Santa Teresa (Santa Teresa is 5% more expensive)
Saint Lucia
Balboa vs Castries (Castries is 7% less expensive) Balboa vs Vieux Fort (Vieux Fort is 4% less expensive)
Jamaica
Balboa vs Kingston (Kingston is 6% more expensive) Balboa vs Spanish Town (Spanish Town is 37% less expensive) Balboa vs Montego Bay (Montego Bay is 18% less expensive) Balboa vs Half Way Tree (Half Way Tree is 7% less expensive) Balboa vs May Pen (May Pen is 34% less expensive) Balboa vs Mandeville (Mandeville is 22% less expensive) Balboa vs Old Harbour (Old Harbour is 32% less expensive) Balboa vs Linstead (Linstead is 16% less expensive) Balboa vs Savanna-la-Mar (Savanna-la-Mar is 10% less expensive) Balboa vs Port Antonio (Port Antonio is 8% less expensive)
El Salvador
Balboa vs San Salvador (San Salvador is 5% less expensive) Balboa vs Santa Ana (Santa Ana is 43% less expensive) Balboa vs Soyapango (Soyapango is 6% less expensive) Balboa vs San Miguel (San Miguel is 13% less expensive) Balboa vs Mejicanos (Mejicanos is 7% less expensive) Balboa vs Apopa (Apopa is 8% less expensive) Balboa vs Santa Tecla (Santa Tecla is 4% less expensive) Balboa vs Ahuachapan (Ahuachapan is 16% more expensive) Balboa vs Usulutan (Usulutan is 13% less expensive) Balboa vs Sonsonate (Sonsonate is 29% less expensive)
Antigua And Barbuda
Balboa vs St. John's (St. John's is 13% less expensive) Balboa vs All Saints (All Saints is 13% less expensive)
Grenada
Balboa vs St. George's (St. George's is 15% less expensive) Balboa vs Grenville (Grenville is 15% less expensive)
Dominica
Balboa vs Roseau (Roseau is 20% less expensive) Balboa vs Portsmouth (Portsmouth is 9% less expensive)
Saint Vincent
Balboa vs Kingstown (Kingstown is 21% less expensive) Balboa vs Georgetown (Georgetown is 20% less expensive)
Belize
Balboa vs Belize City (Belize City is 30% less expensive) Balboa vs San Ignacio (San Ignacio is 13% less expensive) Balboa vs Belmopan (Belmopan is 42% less expensive) Balboa vs San Pedro Town (San Pedro Town is 7% more expensive) Balboa vs Caye Caulker (Caye Caulker is 26% more expensive)
Guatemala
Balboa vs Guatemala City (Guatemala City is 20% less expensive) Balboa vs Mixco (Mixco is 49% less expensive) Balboa vs Coban (Coban is 27% less expensive) Balboa vs Quetzaltenango (Quetzaltenango is 38% less expensive) Balboa vs Jalapa (Jalapa is 28% less expensive) Balboa vs San Miguel Petapa (San Miguel Petapa is 28% less expensive) Balboa vs Momostenango (Momostenango is 30% less expensive) Balboa vs Mazatenango (Mazatenango is 30% less expensive) Balboa vs Flores (Flores is 31% less expensive) Balboa vs Panajachel (Panajachel is 37% less expensive)
Honduras
Balboa vs Tegucigalpa (Tegucigalpa is 34% less expensive) Balboa vs San Pedro Sula (San Pedro Sula is 17% less expensive) Balboa vs Choloma (Choloma is 52% less expensive) Balboa vs La Ceiba (La Ceiba is 48% less expensive) Balboa vs El Progreso (El Progreso is 29% less expensive) Balboa vs Villanueva (Villanueva is 31% less expensive) Balboa vs Comayagua (Comayagua is 43% less expensive) Balboa vs Puerto Cortes (Puerto Cortes is 42% less expensive) Balboa vs Yoro (Yoro is 41% less expensive) Balboa vs La Lima (La Lima is 30% less expensive)
Dominican Republic
Balboa vs Santiago de los Caballeros (Santiago de los Caballeros is 36% less expensive) Balboa vs Santo Domingo (Santo Domingo is 16% less expensive) Balboa vs Puerto Plata (Puerto Plata is 39% less expensive) Balboa vs Higuey (Higuey is 38% less expensive) Balboa vs La Vega (La Vega is 54% less expensive) Balboa vs San Cristobal (San Cristobal is 33% less expensive) Balboa vs San Pedro de Macoris (San Pedro de Macoris is 41% less expensive) Balboa vs San Francisco de Macoris (San Francisco de Macoris is 58% less expensive) Balboa vs San Juan de la Maguana (San Juan de la Maguana is 50% less expensive) Balboa vs Bonao (Bonao is 57% less expensive)
Nicaragua
Balboa vs Managua (Managua is 38% less expensive) Balboa vs Leon (Leon is 49% less expensive) Balboa vs Masaya (Masaya is 43% less expensive) Balboa vs Matagalpa (Matagalpa is 56% less expensive) Balboa vs Chinandega (Chinandega is 49% less expensive) Balboa vs Esteli (Esteli is 53% less expensive) Balboa vs Granada (Granada is 44% less expensive) Balboa vs Jinotega (Jinotega is 63% less expensive) Balboa vs Juigalpa (Juigalpa is 47% less expensive) Balboa vs San Juan del Sur (San Juan del Sur is 29% less expensive)