🇵🇦Cost of Living in Panama
Compare the cost of living across 1 city in Panama.
Panama City is the only city we currently track in Panama, with a cost of living index of 45 out of 100, where New York City scores 100. See the full cost breakdown below.
Estimated monthly budget in Panama
Typical total monthly cost by household type.
Single person
$1,350
per month
Couple
$2,030
per month
Family of 4
$2,840
per month
Student
$1,010
per month
Estimates based on the average cost of living in Panama, scaled by household size. Actual costs vary with lifestyle, neighbourhood and housing.
Frequently asked questions about the cost of living in Panama
What is the cost of living in Panama?
We track Panama City in Panama, which has a cost of living index of 45 out of 100 (New York City = 100).
Data & sources
As an independent cross-check, the World Bank puts the overall price level in Panama at 51 relative to the United States (=100) in 2024. View source
Cost figures on this site are independent estimates, cross-referenced with public data sources including World Bank, Numbeo, Eurostat, OECD.