Cost of Living in Panama City

Panama

Summary

Cost of living in Panama City, Panama is $1,772 and it seems affordable according to the average monthly salary which is $2,075. For more living costs insights, check the list of prices for Restaurants, Markets, Transportation, Utilities, and 40 more categories.

$1,772
Cost of Living
$2,075
Average Salary
$1,179
Average House Rent

Rent Per Month

Name
Price
Apartment (1 bedroom) in City Centre
$907.48
Apartment (1 bedroom) Outside of Centre
$759.1
Apartment (3 bedrooms) in City Centre
$1,609.02
Apartment (3 bedrooms) Outside of Centre
$1,534.03

Salaries And Financing

Name
Price
Average Monthly Net Salary (After Tax)
$2,075.27
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
%4.05

Utilities (Monthly)

Name
Price
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$166.8
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)
$0.1
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$64.75

Markets

Name
Price
Milk (regular), (1 liter)
$0.82
Loaf of Fresh White Bread (500g)
$2.23
Eggs (regular) (12)
$1.98
Local Cheese (1kg)
$7.94
Water (1.5 liter bottle)
$2.12
Bottle of Wine (Mid-Range)
$10.16
Domestic Beer (0.5 liter bottle)
$1.88
Imported Beer (0.33 liter bottle)
$2.25
Cigarettes 20 Pack (Marlboro)
$5.46
Apples (1kg)
$5.41
Chicken Breasts (Boneless, Skinless), (1kg)
$8.52
Oranges (1kg)
$4.82
Potato (1kg)
$2.75
Lettuce (1 head)
$1.52
Rice (white), (1kg)
$3.9
Tomato (1kg)
$3.9
Banana (1kg)
$1.32
Onion (1kg)
$2.46
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$8.62

Transportation

Name
Price
One-way Ticket (Local Transport)
$2
Monthly Pass (Regular Price)
$34.17
Gasoline (1 liter)
$0.65
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$25,327.67
Taxi Start (Normal Tariff)
$2.67
Taxi 1km (Normal Tariff)
$1.28
Taxi 1hour Waiting (Normal Tariff)
$20.2
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car)
$20,815.23

Clothing And Shoes

Name
Price
1 Pair of Jeans (Levis 501 Or Similar)
$36.36
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$32
1 Pair of Nike Running Shoes (Mid-Range)
$67.5
1 Pair of Men Leather Business Shoes
$81.48

Restaurants

Name
Price
Meal, Inexpensive Restaurant
$13.17
Meal for 2 People, Mid-range Restaurant, Three-course
$42.17
McMeal at McDonalds (or Equivalent Combo Meal)
$6.81
Domestic Beer (0.5 liter draught)
$3.13
Imported Beer (0.33 liter bottle)
$4.38
Coke/Pepsi (0.33 liter bottle)
$1.5
Water (0.33 liter bottle)
$1.47
Cappuccino (regular)
$3.55

Sports And Leisure

Name
Price
Fitness Club, Monthly Fee for 1 Adult
$26.44
Tennis Court Rent (1 Hour on Weekend)
$13
Cinema, International Release, 1 Seat
$9.33

Childcare

Name
Price
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$417.23
International Primary School, Yearly for 1 Child
$11,750

Buy Apartment Price

Name
Price
Price per Square Meter to Buy Apartment in City Centre
$1,619.61
Price per Square Meter to Buy Apartment Outside of Centre
$1,174.52

Questions

How much does it cost to live in Panama City per month?

The total cost of living is around $1,772 in Panama City. The average rent in Panama City for a one-bedroom apartment in the city centre is approximately $1,179 per month, and utilities cost around $166 a month. Other costs will be around $759 including markets, transportation, restaurants, and sports and leisure for one-person.

Is Panama City expensive to live?

Panama City seems not expensive to live in according to the average monthly salary which is $2,075.

What is the average salary in Panama City?

A person working in Panama City typically earns around $2,075 per month (After tax) and it's not qualification specific. $2,075 is a good salary according to average cost of living which is $1,772.

What is the average rent in Panama City?

The average one-bedroom apartment in Panama City city centre stands at around $1,179 per month. If you're okay with an apartment outside of the city centre that will be cost around $987.