Cost of Living in Panama

Summary of cost of living in Panama:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 8.00 $ 4.00-20.00
Meal for 2 People, Mid-range Restaurant, Three-course 55.00 $ 35.00-80.00
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 $ 6.00-8.00
Domestic Beer (1 pint draught) 2.00 $ 1.25-4.00
Imported Beer (12 oz small bottle) 3.50 $ 2.50-6.00
Cappuccino (regular) 3.44 $ 1.50-5.00
Coke/Pepsi (12 oz small bottle) 1.55 $ 1.00-2.50
Water (12 oz small bottle) 1.28 $ 1.00-2.00
Markets
Edit
Milk (regular), (1 gallon) 6.35 $ 5.49-7.57
Loaf of Fresh White Bread (1 lb) 2.04 $ 1.13-2.72
Rice (white), (1 lb) 0.91 $ 0.40-1.81
Eggs (regular) (12) 2.27 $ 1.50-2.94
Local Cheese (1 lb) 4.47 $ 1.50-8.16
Chicken Fillets (1 lb) 3.03 $ 1.59-3.99
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.33 $ 1.50-5.90
Apples (1 lb) 1.31 $ 0.91-2.00
Banana (1 lb) 0.63 $ 0.45-1.36
Oranges (1 lb) 1.18 $ 0.45-1.88
Tomato (1 lb) 1.30 $ 0.45-1.81
Potato (1 lb) 0.91 $ 0.45-1.13
Onion (1 lb) 0.87 $ 0.45-1.36
Lettuce (1 head) 1.82 $ 0.85-2.50
Water (1.5 liter bottle) 1.48 $ 1.00-2.50
Bottle of Wine (Mid-Range) 9.00 $ 5.00-14.00
Domestic Beer (0.5 liter bottle) 1.13 $ 0.55-1.52
Imported Beer (12 oz small bottle) 1.84 $ 1.00-3.00
Cigarettes 20 Pack (Marlboro) 5.80 $ 5.00-9.00
Transportation
Edit
One-way Ticket (Local Transport) 0.35 $ 0.25-1.75
Monthly Pass (Regular Price) 25.00 $ 13.00-30.43
Taxi Start (Normal Tariff) 2.00 $ 1.50-3.00
Taxi 1 mile (Normal Tariff) 2.62 $ 1.61-4.83
Taxi 1hour Waiting (Normal Tariff) 20.00 $ 8.00-25.00
Gasoline (1 gallon) 4.21 $ 3.37-5.49
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 22,000.00 $ 18,000.00-25,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 19,419.23 $ 18,000.00-23,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 94.25 $ 48.00-179.07
Mobile Phone Monthly Plan with Calls and 10GB+ Data 31.31 $ 25.00-32.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 46.56 $ 35.00-75.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 50.16 $ 20.00-100.00
Tennis Court Rent (1 Hour on Weekend) 27.92 $ 10.00-50.00
Cinema, International Release, 1 Seat 6.00 $ 4.50-8.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 337.50 $ 250.00-565.00
International Primary School, Yearly for 1 Child 7,400.60 $ 3,600.00-14,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 47.71 $ 24.00-69.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 38.59 $ 10.00-60.00
1 Pair of Nike Running Shoes (Mid-Range) 73.23 $ 45.00-120.00
1 Pair of Men Leather Business Shoes 82.11 $ 50.00-125.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 820.61 $ 450.00-1,200.00
Apartment (1 bedroom) Outside of Centre 507.65 $ 250.00-800.00
Apartment (3 bedrooms) in City Centre 1,673.53 $ 900.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 959.22 $ 500.00-2,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 210.36 $ 152.73-278.71
Price per Square Feet to Buy Apartment Outside of Centre 115.94 $ 74.32-185.80
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 782.76 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.08 4.00-7.00

Prices in Panama

This country had 1496 entries in the past 12 months by 163 different contributors.
Last update: October 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
Distribution of Expenses Using Our Statistical Model:
  
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