In Balboa, Panama, a single person typically needs around $1249 per month including rent. A family of four may spend about $3101 monthly.
Compared to the European benchmark, Balboa is 13% cheaper overall.
Balboa is 59% cheaper than New York City, without rent.
Rent in Balboa is, on average, 74% lower than in New York City.
Balboa tends to fit higher-income residents who can comfortably absorb housing costs. It can be challenging on a moderate budget, mainly due to rent and utilities.
The cost of living in Balboa is influenced primarily by rent and utilities, which can be significant. This can make it challenging for those on a tighter budget.
Food prices in Balboa are 7% lower than the European benchmark, making it relatively affordable. Residents can enjoy a variety of dining options without breaking the bank.
Public transport in Balboa is 50% lower than the European benchmark, offering an economical way to navigate the city. This makes commuting accessible for many residents.
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| Without Rent | |
| Rent & Utilities | |
| Food | |
| Transport | |
| Monthly Salary, after tax | |
| GDP per Capita | |
| Freedom Index | |
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| Speak English | |
| Population |
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Update Prices| 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:
| 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 $ |
| One-way Ticket | 0.39 $ |
| Monthly Pass | 28.3 $ |
| Gas or Petrol, 1l or 0.26 gal | 1.02 $ |
| Taxi, 8 km | 14.6 $ |
| 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 $ |
| 1 person, electricity, heating, water & garbage | 78 $ |
| Family of 4, electricity, heating, water & garbage | 118 $ |
| Internet plan, +60 Mbps | 47.9 $ |
| 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 $ |
| Price per Square Meter to Buy Apartment, in city center | 2,284 $ |
| Price per Square Meter to Buy House, in suburbs | 1,473 $ |
| Average Monthly Net Salary, after tax | 862 $ |
| Mortgage Interest Rate, for 20 years fixed-rate | 6.27% |
| Fitness Club, Monthly Fee for 1 Adult | 41.2 $ |
| Cinema, 1 seat | 6.62 $ |
| Haircut | 12.4 $ |
| Brand Sneakers, mid-range, Nike or similar | 88.6 $ |
| Brand Jeans, Levis 501 | 53.2 $ |
| Preschool, full day, monthly for 1 child | 436 $ |
| International Primary School, yearly for 1 child | 9,387 $ |