Cost of Living in Panama City

Updated:

Livingcost

Cost of living One person Family of 4
💰 Total with rent
$1316
$3171
🛋️ Without rent
$607
$1879
🏨 Rent & Utilities
$709
$1291
🍽️ Food
$426
$1137
🚐 Transport
$78
$216
💳 Monthly salary after tax
$901
😀 Quality of life
67
🏙️ Population
881K

The average cost of living in Panama City is $1316, which is close to the world's average cost of living, ranked 4138th out of 9294 in our global list and 1st out of 10 in Panama.

The median after-tax salary is $901, which is enough to cover living expenses for 0.7 months. Ranked 3926th (TOP 42%) in the list of best places to live in the world and 1st best city to live in Panama. With an estimated population of 881K, Panama City is the 1st largest city in Panama.

✈️ Closest airport 7 km Marcos A. Gelabert International Airport
😷 Air quality Moderate 12.5 µg/m³
🎓 Best university rank 2760 University of Panama
Cost of living in Panama City infographic

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Prices in Panama City

Prices for goods and services in Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Eating Out
🍱 Lunch Menu
$11.5
🥂 Dinner in a Restaurant, for 2
$51.8
🥪 Fast food meal, equiv. McDonald's
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.6
 Cappuccino
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in city Center, 40 m2 or 430 ft2
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$520
🏙️ 3 bedroom apartment in city Center, 80 m2 or 860 ft2
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$47.6
🏦 Mortgage Interest Rate for 20 Years
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1457
Transportation
🚌 Local transport ticket
$0.35
🎟️ Monthly ticket local transport
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$12
 Gas / Petrol, 1 L or 0.26 gal
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$2.11
🍚 Rice, 1 kg or 2.2 lb
$1.71
🥚 Eggs, x12
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$8.87
🍏 Apples, 1 kg or 2.2 lb
$2.91
🍌 Banana, 1 kg or 2.2 lb
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$2.81
🥔 Potato, 1 kg or 2.2 lb
$2.1
🧅 Onion, 1 kg or 2.2 lb
$2.02
🌊 Water, 1 L or 1 qt
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$1.14
🚬 Cigarette pack
$5.88
💊 Cold medicince, 1 week
$9.43
🧴 Hair Shampoo
$7.05
🧻 Toilet paper, 4 rolls
$3.43
👄 Toothpaste, 1 tube
$3.7
Other
🏋️ Gym Membership, 1 month
$42
🎫 Cinema Ticket, 1 person
$6.85
👩‍⚕️ Doctor's visit
$48.6
💇 Haircut, simple
$13.5
👖 Brand Jeans
$54.3
👟 Brand Sneakers
$86.9
👶 Daycare or Preschool, 1 month
$408
🏫 International Primary School, 1 year
$9581

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