Panama
Living here, beyond cost
About Panama
Costs exclude rentPanama is a beautiful country located in Central America, famous for its stunning scenery and rich culture. It is best known for the Panama Canal, a remarkable engineering feat that connects the Atlantic and Pacific Oceans, allowing ships to pass through easily. The capital city, Panama City, is a vibrant place with a mix of modern skyscrapers and historic buildings.
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Cost breakdown
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Fashion
- Summer Dress from Chain Stores (e.g., Zara, H&M)roughUSD $52.95
- Classic Jeans (e.g., Levi's 501)roughUSD $60.98
- Men's Dress ShoesroughUSD $107.39
- Midrange Nike Running ShoesroughUSD $92.39
Financial
- Average Monthly Salary After TaxroughUSD $956.61
- Mortgage Interest Rate (20-Year Fixed)roughUSD $5
Food - Beverages
- Local Draft Beer (Pint)roughUSD $2.7
- Imported Beer (Small Bottle)roughUSD $4.73
- CappuccinoroughUSD $4.05
- Soft Drinks (350 ml Bottle)roughUSD $2.05
- Bottled Water (350 ml)roughUSD $1.62
Food - Dining
- Casual Dining ExperienceroughUSD $8.78
- Upscale Dinner for TworoughUSD $60.75
- Fast Food ComboroughUSD $8.78
Food - Grocery
- White Rice (1 kg)roughUSD $2.55
- Milk (1 litre)roughUSD $2.36
- Fresh White Bread (1 kg)roughUSD $5.46
- Dozen EggsroughUSD $2.82
- Local Cheese (1 kg)roughUSD $12.12
- Chicken Fillets (1 kg)roughUSD $8.85
- Beef Round (1 kg)roughUSD $10.51
- Apples (1 kg)roughUSD $4.01
- Bananas (1 kg)roughUSD $1.75
- Oranges (1 kg)roughUSD $3.21
- Tomatoes (1 kg)roughUSD $3.89
- Potatoes (1 kg)roughUSD $2.61
Housing
- Average Rent of 3-Bedroom Apartment Outside City CenterroughUSD $1,107
- Average Cost per Square Foot for Apartments Outside City CenterroughUSD $154.98
- Average Cost per Square Foot for Apartments in City CenterroughUSD $246.12
- Average Rent of 1-Bedroom Apartment in City CenterroughUSD $974.32
- Average Rent of 1-Bedroom Apartment Outside City CenterroughUSD $580.5
- Average Rent of 3-Bedroom Apartment in City CenterroughUSD $1,744
Leisure
- Cinema Ticket (International Release)roughUSD $7.09
- Yearly Cost for International Primary School (1 Child)roughUSD $16,545
- Monthly Fee for Fitness Club Membership (1 Adult)roughUSD $49.42
- Tennis Court Rental (1 Hour, Weekend)roughUSD $37.38
- Monthly Fee for Private Kindergarten (1 Child)roughUSD $476.44
Transportation
- One-Way Local Transport FareroughUSD $0.47
- 1 Hour Taxi WaitroughUSD $20.25
- Average Taxi Fare for 1 kmroughUSD $4.35
- Average Rate to Start a Taxi RideroughUSD $2.7
- Average Monthly Cost of Public Transport PassroughUSD $40.5
- Average Price of a New Compact Hatchback CarroughUSD $31,388
- Average Price of a New Sedan CarroughUSD $26,162
Utilities (Monthly)
- Internet Service (60 Mbps or More, Unlimited)roughUSD $59.93
- Average Monthly Cost for Essential Utilities in a 915 sq. ft. ApartmentroughUSD $116.17