Panama City, Panama, Panama — cost of living
Wikipedia (CC BY-SA)

Panama City, Panama

Trust 47
Country
Panama
58
Relocation
Panama City, Panama

About Panama City, Panama

Costs exclude rent
Single / month
$676
Family of 4 / mo
$1,741
Avg salary (after tax)
$1,083

Panama City, the capital of Panama, is a vibrant and exciting place to visit. It sits where the Pacific Ocean meets the Panama Canal, a famous waterway that connects the Atlantic and Pacific Oceans. The city has a mix of modern skyscrapers and historic buildings, which shows its rich history and growth.

Data aggregated from public cost-of-living sources. See About for methodology.Wikipedia · Wikipedia (CC BY-SA)· Updated May 22, 2026

Cost breakdown by category

Cost breakdown

Filters items shown below only — for a global search, use the bar in the header.

Fashion

  • Men's Dress ShoesUSD $121.5
  • Classic Jeans (e.g., Levi's 501)USD $70.09
  • Summer Dress from Chain Stores (e.g., Zara, H&M)USD $57.19
  • Midrange Nike Running ShoesUSD $101.59

Financial

  • Mortgage Interest Rate (20-Year Fixed)USD $5
  • Average Monthly Salary After TaxUSD $1,083

Food - Beverages

  • Soft Drinks (350 ml Bottle)USD $2.25
  • Imported Beer (Small Bottle)USD $6.75
  • Local Draft Beer (Pint)USD $3.38
  • Bottled Water (350 ml)USD $1.89
  • CappuccinoUSD $4.39

Food - Dining

  • Casual Dining ExperienceUSD $10.8
  • Upscale Dinner for TwoUSD $67.5
  • Fast Food ComboUSD $8.78

Food - Grocery

  • Beef Round (1 kg)USD $10.93
  • Apples (1 kg)USD $3.83
  • Bananas (1 kg)USD $1.81
  • Oranges (1 kg)USD $3.36
  • Tomatoes (1 kg)USD $4.43
  • Potatoes (1 kg)USD $2.55
  • Onions (1 kg)USD $2.61
  • Lettuce (1 Head)USD $3.16
  • Bottled Water (1.5L)USD $1.92
  • Midrange Bottle of WineUSD $13.5
  • Marlboro (20-Pack)USD $7.83
  • Chicken Fillets (1 kg)USD $9.53
  • Local Cheese (1 kg)USD $10.34
  • Dozen EggsUSD $2.84
  • White Rice (1 kg)USD $2.64
  • Fresh White Bread (1 kg)USD $5.38
  • Milk (1 litre)USD $2.36

Housing

  • Average Cost per Square Foot for Apartments in City CenterUSD $278.37
  • Average Rent of 1-Bedroom Apartment in City CenterUSD $1,234
  • Average Rent of 1-Bedroom Apartment Outside City CenterUSD $690.76
  • Average Rent of 3-Bedroom Apartment in City CenterUSD $2,366
  • Average Rent of 3-Bedroom Apartment Outside City CenterUSD $1,358
  • Average Cost per Square Foot for Apartments Outside City CenterUSD $166.23

Leisure

  • Monthly Fee for Fitness Club Membership (1 Adult)USD $55.24
  • Tennis Court Rental (1 Hour, Weekend)USD $30.38
  • Cinema Ticket (International Release)USD $8.1
  • Monthly Fee for Private Kindergarten (1 Child)USD $499.5
  • Yearly Cost for International Primary School (1 Child)USD $18,601

Transportation

  • Average Taxi Fare for 1 kmUSD $4.24
  • Average Rate to Start a Taxi RideUSD $3.38
  • Average Price of a New Compact Hatchback CarUSD $32,738
  • 1 Hour Taxi WaitUSD $27
  • Average Monthly Cost of Public Transport PassUSD $40.5
  • Average Price of a New Sedan CarUSD $28,176
  • One-Way Local Transport FareUSD $0.47

Utilities (Monthly)

  • Internet Service (60 Mbps or More, Unlimited)USD $61.91
  • Average Monthly Cost for Essential Utilities in a 915 sq. ft. ApartmentUSD $138.81

Costs reflect a typical lifestyle in each place, excluding rent unless stated. Numbers are a starting point — always cross-check before big decisions.

  • Single / Family of 4 toggle. Family ≈ 2.7× single when no verified figure exists.
  • Estimated values use a ~ prefix and an "Estimated" label.
  • Spot something off? Hit Report — corrections reach consensus automatically.
How we calculate these numbers

When local data is missing (e.g. salary for a smaller city), we estimate from peer cities in the same country using a median ratio.

Full methodology, assumptions, and formulas live on our About page.