Cost of Living in Panama

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 6.50 $ 4.00-15.00
Meal for 2 People, Mid-range Restaurant, Three-course 45.00 $ 32.00-70.00
McMeal at McDonalds (or Equivalent Combo Meal) 6.50 $ 6.00-7.50
Domestic Beer (1 pint draught) 2.00 $ 1.00-3.00
Imported Beer (12 oz small bottle) 3.50 $ 2.50-6.00
Cappuccino (regular) 3.00 $ 1.25-4.50
Coke/Pepsi (12 oz small bottle) 1.52 $ 1.00-2.50
Water (12 oz small bottle) 1.20 $ 1.00-2.00
Markets
Edit
Milk (regular), (1 gallon) 5.94 $ 4.92-7.00
Loaf of Fresh White Bread (1 lb) 1.84 $ 0.91-2.72
Rice (white), (1 lb) 0.86 $ 0.45-1.81
Eggs (regular) (12) 2.09 $ 1.50-2.64
Local Cheese (1 lb) 4.08 $ 1.63-11.50
Chicken Fillets (1 lb) 2.98 $ 1.36-3.99
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.54 $ 1.75-5.44
Apples (1 lb) 1.35 $ 0.68-2.95
Banana (1 lb) 0.59 $ 0.44-1.36
Oranges (1 lb) 1.08 $ 0.45-1.88
Tomato (1 lb) 1.31 $ 0.45-1.91
Potato (1 lb) 0.88 $ 0.50-1.09
Onion (1 lb) 0.87 $ 0.60-1.13
Lettuce (1 head) 1.66 $ 0.85-3.00
Water (1.5 liter bottle) 1.50 $ 1.00-2.30
Bottle of Wine (Mid-Range) 9.00 $ 5.00-12.00
Domestic Beer (0.5 liter bottle) 1.08 $ 0.60-1.52
Imported Beer (12 oz small bottle) 1.84 $ 1.25-2.50
Cigarettes 20 Pack (Marlboro) 5.75 $ 5.00-8.00
Transportation
Edit
One-way Ticket (Local Transport) 0.35 $ 0.25-1.00
Monthly Pass (Regular Price) 30.00 $ 15.22-60.00
Taxi Start (Normal Tariff) 2.00 $ 1.50-3.00
Taxi 1 mile (Normal Tariff) 3.22 $ 2.41-4.83
Taxi 1hour Waiting (Normal Tariff) 15.00 $ 7.50-20.00
Gasoline (1 gallon) 3.88 $ 3.18-4.92
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 23,250.00 $ 17,000.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 19,379.41 $ 18,000.00-21,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 86.05 $ 45.00-166.30
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.16 $ 0.08-0.20
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 44.39 $ 30.00-80.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 36.61 $ 18.00-70.00
Tennis Court Rent (1 Hour on Weekend) 27.69 $ 10.00-50.00
Cinema, International Release, 1 Seat 5.25 $ 3.50-7.00
Childcare
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Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 352.92 $ 175.00-600.00
International Primary School, Yearly for 1 Child 12,255.27 $ 3,600.00-18,000.00
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 45.17 $ 25.00-65.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 39.22 $ 20.00-60.00
1 Pair of Nike Running Shoes (Mid-Range) 68.44 $ 45.00-100.00
1 Pair of Men Leather Business Shoes 79.55 $ 50.00-125.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 721.72 $ 350.00-1,000.00
Apartment (1 bedroom) Outside of Centre 430.00 $ 250.00-700.00
Apartment (3 bedrooms) in City Centre 1,291.94 $ 600.00-2,400.00
Apartment (3 bedrooms) Outside of Centre 819.90 $ 400.00-1,500.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 182.31 $ 111.48-278.71
Price per Square Feet to Buy Apartment Outside of Centre 114.80 $ 65.03-185.80
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 708.60 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.87 4.00-7.50

Prices in Panama

This country had 1212 entries in the past 12 months by 124 different contributors.
Last update: June 2022
Our data for each country are based on all entries from all cities in that country.
Sources and References
  
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DeutschLebenshaltungskosten in Panama
PortuguêsCusto de Vida no Panamá
ItalianoCosto della Vita a Panama
FrançaisCoût de la Vie au Panama
EspañolCosto de Vida en Panamá