🇵🇦Cost of Living in Panama City
Panama · Population: 880,691 · Cost Index: 45/100
Cost of Living in Panama City
Panama · North America
Panama's capital and largest city, Panama City is a major international banking hub and gateway to the famous Panama Canal. Its striking skyline, tropical climate, and tax-friendly policies attract expats and businesses worldwide.
880,691
Population
45
Cost Index
50
Safety Index
58
Quality of Life
Average Monthly Cost: $1,350 (single person, excluding rent)
Cost Breakdown
Housing
1-Bedroom Apartment (City Center)(per month)
$900.001-Bedroom Apartment (Outside Center)(per month)
$580.003-Bedroom Apartment (City Center)(per month)
$1,650.003-Bedroom Apartment (Outside Center)(per month)
$1,050.00Food & Groceries
Meal at Inexpensive Restaurant(per meal)
$7.00Meal for 2 at Mid-Range Restaurant(per meal)
$35.00McMeal at McDonald's(per meal)
$7.00Milk (1 liter)(per liter)
$1.40Bread (500g loaf)(per loaf)
$1.80Rice (1 kg)(per kg)
$1.10Eggs (12)(per dozen)
$2.40Chicken Breast (1 kg)(per kg)
$5.20Apples (1 kg)(per kg)
$2.80Banana (1 kg)(per kg)
$1.00Transportation
Monthly Public Transit Pass(per month)
$25.00One-Way Ticket (Local Transport)(per trip)
$0.35Taxi Start (Normal Tariff)(base fare)
$1.50Taxi 1km (Normal Tariff)(per km)
$0.75Gasoline (1 liter)(per liter)
$0.95Utilities
Basic Utilities (85m² Apartment)(per month)
$100.00Mobile Phone Plan(per month)
$20.00Internet (60 Mbps+)(per month)
$35.00Healthcare
Doctor Visit(per visit)
$35.00Dentist Visit(per visit)
$45.00Prescription Medicine (avg)(per prescription)
$10.00Entertainment
Fitness Club Monthly(per month)
$40.00Cinema Ticket(per ticket)
$5.50Cappuccino(per cup)
$3.50Beer (0.5l) at Restaurant(per glass)
$3.50Clothing
Pair of Jeans (Levi's)(per pair)
$50.00Summer Dress (Chain Store)(per item)
$35.00Running Shoes (Nike, Adidas)(per pair)
$75.00Compare Panama City with another city
See how Panama City stacks up against any other city in our database.
Quick Facts
- Currency
- USD
- Language
- Spanish
- Cost Index
- 45/100
- Safety Index
- 50/100
- Quality of Life
- 58/100
Data last updated: 2026-01-15. Prices are approximate and shown in USD.