Cost of Living in Panama City
Country: Panama · Currency: PAB
Overall
40.0
Rent
28.2
Groceries
44.8
Dining out
40.5
Index base: New York = 100
Monthly rent
| 1-bedroom apartment, city centre (monthly) | $1,121 | 43 data points |
| 1-bedroom apartment, outside centre (monthly) | $792 | 28 data points |
| 3-bedroom apartment, city centre (monthly) | $2,348 | 33 data points |
| 3-bedroom apartment, outside centre (monthly) | $1,423 | 48 data points |
Average prices in Panama City
Rent
| 1-bedroom apartment, city centre (monthly) | $1,121 | 43 data points |
| 1-bedroom apartment, outside centre (monthly) | $792 | 28 data points |
| 3-bedroom apartment, city centre (monthly) | $2,348 | 33 data points |
| 3-bedroom apartment, outside centre (monthly) | $1,423 | 48 data points |
Groceries
| Milk (1L) | $0.67 | 19 data points |
| White bread (500g) | $1.92 | 49 data points |
| Rice (1kg) | $2.74 | 24 data points |
| Eggs (12) | $2.24 | 49 data points |
| Local cheese (1kg) | $6.58 | 24 data points |
| Chicken fillets (1kg) | $6.43 | 11 data points |
| Beef round (1kg) | $9.41 | 14 data points |
| Apples (1kg) | $2.78 | 45 data points |
| Bananas (1kg) | $1.05 | 9 data points |
| Oranges (1kg) | $2.23 | 48 data points |
| Tomatoes (1kg) | $2.63 | 52 data points |
| Potatoes (1kg) | $1.41 | 38 data points |
| Onions (1kg) | $1.57 | 50 data points |
| Lettuce (1 head) | $1.29 | 39 data points |
| Water (1.5L bottle) | $1.33 | 39 data points |
| Bottle of wine (mid-range) | $7.7 | 12 data points |
Transport
| Public transport, one-way ticket | $1.18 | 50 data points |
| Public transport, monthly pass | $49.4 | 32 data points |
| Taxi, base fare | $1.87 | 35 data points |
| Taxi, per km | $0.77 | 32 data points |
| Gasoline (1L) | $0.44 | 57 data points |
| New compact car (e.g., VW Golf) | $11,760 | 56 data points |
Dining out
| Meal, inexpensive restaurant | $10.8 | 58 data points |
| Meal for 2, mid-range restaurant (3 courses) | $49 | 26 data points |
| Fast food combo meal | $5.25 | 5 data points |
| Cappuccino | $2.6 | 26 data points |
| Coke/Pepsi (0.33L, restaurant) | $1.1 | 35 data points |
| Domestic beer (0.5L, restaurant) | $3.28 | 38 data points |
| Imported beer (0.33L, restaurant) | $3.8 | 15 data points |
| Water (0.33L, restaurant) | $0.97 | 34 data points |
Telecom
| Mobile plan, calls + 10GB+ data (monthly) | $39.3 | 37 data points |
| Broadband internet 60Mbps+ (monthly) | $37 | 48 data points |
| Prepaid mobile tariff (1 min) | $0.17 | 39 data points |
| Video streaming subscription (monthly) | $9.09 | 22 data points |
Utilities & household
| Basic utilities, 85m² apartment (monthly) | $84.6 | 32 data points |
| Electricity (1 kWh) | $0.1 | 32 data points |
| Tap water (1m³) | $2.61 | 53 data points |
| Natural gas (1m³) | $0.71 | 32 data points |
| Waste collection (monthly) | $11 | 46 data points |
| Fitness club (monthly) | $43.3 | 31 data points |
| Cinema ticket (1 seat) | $8.58 | 29 data points |
| Men's haircut | $15.7 | 7 data points |
| Domestic cleaning (1 hour) | $13 | 35 data points |
| Private kindergarten (monthly) | $984 | 48 data points |
Price data as of 2026-07-01 · Exchange rates as of 2026-07-15