Cost of Living in Panama

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 6.25 $ 4.00-15.00
Meal for 2 People, Mid-range Restaurant, Three-course 45.00 $ 30.00-75.00
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 $ 6.00-7.50
Domestic Beer (1 pint draught) 2.00 $ 1.00-3.00
Imported Beer (12 oz small bottle) 3.00 $ 2.50-5.50
Cappuccino (regular) 2.95 $ 1.25-4.00
Coke/Pepsi (12 oz small bottle) 1.55 $ 1.00-2.50
Water (12 oz small bottle) 1.19 $ 1.00-2.00
Markets
Edit
Milk (regular), (1 gallon) 5.92 $ 4.54-7.38
Loaf of Fresh White Bread (1 lb) 1.87 $ 0.91-2.72
Rice (white), (1 lb) 0.85 $ 0.45-1.81
Eggs (regular) (12) 2.05 $ 1.50-2.50
Local Cheese (1 lb) 3.77 $ 1.62-11.50
Chicken Fillets (1 lb) 3.09 $ 1.36-3.99
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.60 $ 1.75-5.44
Apples (1 lb) 1.27 $ 0.68-2.27
Banana (1 lb) 0.59 $ 0.43-1.36
Oranges (1 lb) 1.04 $ 0.45-1.88
Tomato (1 lb) 1.23 $ 0.45-1.81
Potato (1 lb) 0.86 $ 0.50-1.09
Onion (1 lb) 0.89 $ 0.50-1.19
Lettuce (1 head) 1.62 $ 0.80-3.00
Water (1.5 liter bottle) 1.46 $ 1.00-2.30
Bottle of Wine (Mid-Range) 9.00 $ 5.00-12.00
Domestic Beer (0.5 liter bottle) 1.10 $ 0.55-1.52
Imported Beer (12 oz small bottle) 1.83 $ 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 $ 15.00-45.00
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 $ 8.00-20.00
Gasoline (1 gallon) 3.79 $ 3.03-4.47
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 21,250.00 $ 17,000.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 19,281.25 $ 18,000.00-21,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 83.95 $ 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) 42.65 $ 30.00-80.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 36.07 $ 18.00-100.00
Tennis Court Rent (1 Hour on Weekend) 30.83 $ 15.00-45.00
Cinema, International Release, 1 Seat 5.00 $ 3.50-7.00
Childcare
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Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 359.55 $ 175.00-600.00
International Primary School, Yearly for 1 Child 12,155.80 $ 3,600.00-18,000.00
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 44.50 $ 25.00-65.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 40.06 $ 20.00-60.00
1 Pair of Nike Running Shoes (Mid-Range) 66.35 $ 40.00-100.00
1 Pair of Men Leather Business Shoes 81.67 $ 50.00-125.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 706.03 $ 350.00-1,000.00
Apartment (1 bedroom) Outside of Centre 408.04 $ 200.00-650.00
Apartment (3 bedrooms) in City Centre 1,251.72 $ 600.00-2,100.00
Apartment (3 bedrooms) Outside of Centre 791.46 $ 350.00-1,300.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 176.64 $ 111.48-250.84
Price per Square Feet to Buy Apartment Outside of Centre 110.88 $ 65.03-185.80
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 698.48 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.83 4.00-7.50

Prices in Panama

This country had 1027 entries in the past 12 months by 110 different contributors.
Last update: May 2022
Our data for each country are based on all entries from all cities in that country.
Sources and References
  
This page in other languages:

DeutschLebenshaltungskosten in Panama
PortuguêsCusto de Vida no Panamá
ItalianoCosto della Vita a Panama
FrançaisCoût de la Vie au Panama
EspañolCosto de Vida en Panamá