Cost of Living in Panama City

Cost of living One person Family of 4
💰 Total with rent
$1211
$3090
🛋️ Without rent
$575
$1823
🏨 Rent & Utilities
$635
$1268
🍽️ Food
$386
$1029
🚐 Transport
$93.3
$264
💳 Monthly salary after tax
$782
😀 Quality of life
68
🏙️ Population
881K

The average cost of living in Panama City is $1211, which is close to the world's average cost of living, ranked 4031st out of 9294 in our global list and 1st out of 10 in Panama.

The median after-tax salary is $782, which is enough to cover living expenses for 0.6 months. Ranked 3296th (TOP 35%) 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 Good 11.7 µg/m³
🎓 Best university rank 2597 University of Panama
Cost of living in Panama City infographic

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Prices in Panama City

Eating Out
🍱 Lunch Menu
$7.98
🥂 Dinner in a Restaurant, for 2
$52.2
🥪 Fast food meal, equiv. McDonald's
$6.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.51
 Cappuccino
$3.27
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.74
Rent & Utilities
🏙️ 1 bedroom apartment in city Center, 40 m2 or 430 ft2
$783
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$460
🏙️ 3 bedroom apartment in city Center, 80 m2 or 860 ft2
$1590
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1003
🔌 Utility Bill one person, electricity, heating, water, etc.
$67.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$104
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$42.9
🏦 Mortgage Interest Rate for 20 Years
5.88%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2205
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1430
Transportation
🚌 Local transport ticket
$0.3
🎟️ Monthly ticket local transport
$22.6
🚕 Taxi Ride, 8 km or 5 mi
$17.4
 Gas / Petrol, 1 L or 0.26 gal
$0.99
Groceries
🥛 Milk, 1 L or 1 qt
$1.57
🍞 Bread, 0.5 kg or 1.1 lb
$2.12
🍚 Rice, 1 kg or 2.2 lb
$2.17
🥚 Eggs, x12
$2.1
🧀 Cheese, 1 kg or 2.2 lb
$8.14
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.78
🥩 Round Steak, 1 kg or 2.2 lb
$8.98
🍏 Apples, 1 kg or 2.2 lb
$3.04
🍌 Banana, 1 kg or 2.2 lb
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$2.31
🍅 Tomato, 1 kg or 2.2 lb
$3.13
🥔 Potato, 1 kg or 2.2 lb
$1.93
🧅 Onion, 1 kg or 2.2 lb
$1.95
🌊 Water, 1 L or 1 qt
$0.93
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.33
🍾 Wine (mid-priced), 750 mL bottle
$9.52
🍺 Beer, 0.5 L or 16 fl oz
$1.23
🚬 Cigarette pack
$5.78
💊 Cold medicince, 1 week
$8.12
🧴 Hair Shampoo
$7
🧻 Toilet paper, 4 rolls
$2.78
👄 Toothpaste, 1 tube
$2.91
Other
🏋️ Gym Membership, 1 month
$47.5
🎫 Cinema Ticket, 1 person
$5.95
👩‍⚕️ Doctor's visit
$48
💇 Haircut, simple
$12.8
👖 Brand Jeans
$50.4
👟 Brand Sneakers
$76.4
👶 Daycare or Preschool, 1 month
$372
🏫 International Primary School, 1 year
$13000

Panama City hotels map

Panama City Cost of Living comparison