🇵🇦 Cost of living and prices in Panama, prices of food, rent, shopping, etc. Updated Apr 2021

Panama is country located in Central America. Bordered by Colombia, Costa Rica. Panama covers an area of 78,200 square kilometres. Panama has a population of 3,410,676 and a population density of 43.61 people per square kilometre. The official language of Panama is Spanish. Panama gross domestic product (GDP) is $40,620,000,000. GDP per capita is $ 11910. The currency in Panama are Panamanian balboa, United States dollar. Top level domains in Panama: .pa

Estimated cost of living for a month without rent

920.92 USD

Total cost of living for two person with average consumption for one month will be 920.92 USD, no rent price included. Click here to calculate cost-of-living estimate in Panama

Cost of Living Estimate

You can calculate cost of living by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

Meal in Inexpensive Restaurant
7.08 $
Meal for 2 People, Mid-range Restaurant, Three-course
35.90 $
McMeal at McDonalds or Alternative Combo Meal
6.07 $
Domestic Beer, 0.5 liter Draught
1.52 $
Imported Beer, 0.33 liter Bottle
3.03 $
Cappuccino
2.58 $
Coca-Cola, 0.33 liter Bottle
1.08 $

Markets prices

Water, 0.33 liter Bottle
0.99 $
Milk, Regular,1 liter
1.43 $
Loaf of Fresh White Bread, 0.5 kg
1.90 $
White Rice, 1 kg
1.44 $
Eggs, 12 pack
1.99 $
Local Cheese, 1 kg
7.37 $
Chicken Breasts, Boneless and Skinless, 1 kg
6.37 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
7.40 $
Apples, 1 kg
3.28 $
Banana, 1 kg
1.06 $
Oranges, 1 kg
3.88 $
Tomato, 1 kg
2.61 $
Potato, 1 kg
1.53 $
Onion, 1 kg
1.68 $
Lettuce, 1 head
1.39 $
Water, 1.5 liter Bottle
1.36 $
Bottle of Wine, Mid-Range Price
8.09 $
Domestic Beer, 0.5 liter Bottle
0.81 $
Imported Beer, 0.33 liter Bottle
2.09 $
Pack of Cigarettes
5.06 $

Transportation prices

One-way Ticket, Local Transport
0.35 $
Monthly Pass, Regular Price
30.33 $
Taxi Start, Normal Tariff
1.52 $
Taxi, price for 1 km, Normal Tariff
1.95 $
Taxi, price for 1 hour Waiting, Normal Tariff
10.11 $
Gasoline, 1 liter
0.73 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
16,828.99 $
Honda Civic 1.6 Or Alternative New Car
19,499.11 $

Utilities Per Month prices

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
68.92 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.12 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
43.24 $

Sports And Leisure prices

Fitness Club, Monthly Fee for 1 Adult
50.83 $
Tennis Court Rent, 1 Hour on Weekend
20.85 $

Salaries And Financing prices

Cinema ticket, 1 Seat
6.07 $
Average Monthly Net Salary, After Tax
636.83 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
5.21 %

Childcare prices

Private Preschool or Kindergarten, Monthly for 1 Child
268.16 $
International Primary School, Yearly for 1 Child
7,038.79 $

Clothing And Shoes prices

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
48.95 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
37.61 $
Pair of Running Shoes, Mid-Range Price
73.15 $
Pair of Leather Business Shoes
72.49 $

Rent Per Month prices

One bedroom apartment in city centre
805.80 $
One bedroom apartment outside of city centre
521.79 $
Three bedroom apartment in city centre
1,568.76 $
Three bedroom apartment outside of city centre
975.36 $

Buy Apartment prices

Price per m2 to Buy Apartment in City Center
2,184.08 $
Price per m2 to Buy Apartment Outside of City Center
1,386.00 $