Published: Monday, 21th October 2024
In this page, you will find a detailed guide on the cost of living in Panama, covering various aspects such as housing, utilities, communication, groceries, transportation, health, clothing, childcare, education, entertainment, taxes, finances and professional services.
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 Indicators  | Panama  |
|---|---|
1 BHK Apartment in City Center  | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center  | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center  | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center  | 800 PAB (800 USD) |
2 BHK Apartment outside City Center  | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center  | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month  | 1.3 % |
Realtor Commission  | 5 % |
Property Taxes  | 0.6 to 1.0 % |
Indicators | Panama |
|---|---|
Basic Home Furnishing  | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month  | 150 PAB (150 USD) |
Heating Cost Per Month  | 100 PAB (100 USD) |
Cooling Cost Per Month  | 80 PAB (80 USD) |
Water Supply Cost Per Month  | 60 PAB (60 USD) |
Indicators | Panama |
|---|---|
Standard Wifi Cost Per Month  | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month  | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month  | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month  | 80 PAB (80 USD) |
Indicators | Panama |
|---|---|
Long Grain Rice (1 KG)  | 2 PAB (2 USD) |
Milk (1 Liter)  | 1.50 PAB (1.50 USD) |
Water (1 Liter)  | 0.50 PAB (0.50 USD) |
Bread (500 gm)  | 1 PAB (1 USD) |
Eggs (1 Dozen)  | 3 PAB (3 USD) |
Cheese (1 KG)  | 5 PAB (5 USD) |
Chicken Breast (1 KG)  | 7 PAB (7 USD) |
Indicators | Panama |
|---|---|
Apples (1 KG)  | 3 PAB (3 USD) |
Bananas (1 KG)  | 1.50 PAB (1.50 USD) |
Oranges (1 KG)  | 2 PAB (2 USD) |
Tomatoes (1 KG)  | 2 PAB (2 USD) |
Potatoes (1 KG)  | 1 PAB (1 USD) |
Lemons (1 KG)  | 2.50 PAB (2.50 USD) |
Onions (1 KG)  | 1.50 PAB (1.50 USD) |
Lentils (1 KG)  | 2.50 PAB (2.50 USD) |
Indicators | Panama |
|---|---|
Meal at a Resonable Restaurant  | 12 PAB (12 USD) |
Three-Course Meal for Two  | 30 PAB (30 USD) |
Fast Food Combo Meal  | 6 PAB (6 USD) |
Normal Coffee  | 2.50 PAB (2.50 USD) |
Soft Drink  | 1.50 PAB (1.50 USD) |
Pizza for One  | 12 PAB (12 USD) |
Take-Out Delivery Meal  | 10 PAB (10 USD) |
Cigarette Pack of 20  | 6 PAB (6 USD) |
Indicators | Panama |
|---|---|
Wine Mid-Range Bottle  | 15 PAB (15 USD) |
Glass of Wine  | 6 PAB (6 USD) |
Domestic Beer Half Liter  | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter  | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter  | 15 PAB (15 USD) |
Branded Alcohol 1 Liter  | 25 PAB (25 USD) |
Indicators | Panama |
|---|---|
Monthly Public Transportation Pass  | 50 PAB (50 USD) |
Single Public Transportation Ticket  | 1.50 PAB (1.50 USD) |
Single Train Ticket  | Yet to Update () |
Domestic Airplane Ticket  | 100 PAB (100 USD) |
Taxi Start Fare  | 3 PAB (3 USD) |
Taxi Rate Per Kilometer  | 1.50 PAB (1.50 USD) |
Car Rental Per Day  | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour  | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour  | 1 PAB (1 USD) |
Indicators | Panama |
|---|---|
Reasonable Vehicle Purchase Cost  | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost  | 80 PAB (80 USD) |
Driving License Fees  | 50 PAB (50 USD) |
Car Insurance Cost  | 400 PAB (400 USD) |
Car Maintainence Cost  | 150 PAB (150 USD) |
Car Loan Interest Rates  | 6 % |
Fuel Per Liter  | 1.20 PAB (1.20 USD) |
Fuel Per Gallon  | 4.50 PAB (4.50 USD) |
Average Toll Fees  | 5 PAB 5 USD |
Indicators | Panama |
|---|---|
Doctor Visit  | 50 PAB (50 USD) |
Specialist Visit  | 100 PAB (100 USD) |
Dentist Visit  | 70 PAB (70 USD) |
Eye Exam  | 50 PAB (50 USD) |
Mental Health Counseling  | 100 PAB (100 USD) |
Preventive Health Screening  | 50 PAB (50 USD) |
Physical Therapy  | 75 PAB (75 USD) |
Emergency Room Visit  | 300 PAB (300 USD) |
Hospital Stay Per Night  | 150 PAB (150 USD) |
Vaccinations  | 30 PAB (30 USD) |
Prescription Medication  | 20 PAB (20 USD) |
Over the Counter Medication  | 10 PAB (10 USD) |
Health Insurance Premiums  | 150 PAB (150 USD) |
Health Insurance Deductibles  | 75 PAB (75 USD) |
Indicators | Panama |
|---|---|
Cosmetic Procedures  | 200 PAB (200 USD) |
Spa Treatment  | 75 PAB (75 USD) |
Manicure Pedicure Cost  | 30 PAB (30 USD) |
Optical Glasses Cost  | 80 PAB (80 USD) |
Contact Lenses Cost  | 40 PAB (40 USD) |
Haircuts  | 15 PAB (15 USD) |
Hair Coloring  | 40 PAB (40 USD) |
Shampoo Price  | 5 PAB (5 USD) |
Toothpaste Price  | 2 PAB (2 USD) |
Indicators | Panama |
|---|---|
Pair of Nike Running Shoes  | 80 PAB (80 USD) |
Men's Shirt  | 25 PAB (25 USD) |
Women's Dress  | 40 PAB (40 USD) |
Summer Dress  | 30 PAB (30 USD) |
Men's Suit  | 100 PAB (100 USD) |
Men's Jeans  | 40 PAB (40 USD) |
Women's Jeans  | 30 PAB (30 USD) |
Men's Formal Shoes  | 80 PAB (80 USD) |
Women's Formal Shoes  | 80 PAB (80 USD) |
Men's Casual Shoes  | 50 PAB (50 USD) |
Women's Casual Shoes  | 50 PAB (50 USD) |
Underwear For Men  | 8 PAB (8 USD) |
Underwear For Women  | 12 PAB (12 USD) |
Socks For Men  | 3 PAB (3 USD) |
Socks For Women  | 3 PAB (3 USD) |
Wintercoat for Adults  | 80 PAB (80 USD) |
Sportswear  | 40 PAB (40 USD) |
Indicators | Panama |
|---|---|
Children's Jeans  | 20 PAB (20 USD) |
Children's Normal Sneakers  | 30 PAB (30 USD) |
Children's Winter Coat  | 40 PAB (40 USD) |
Daycare for Infant  | 200 PAB (200 USD) |
Daycare for Toddler  | 150 PAB (150 USD) |
Childcare for Sick Days  | 30 PAB (30 USD) |
Early Childhood Education Programs  | 150 PAB (150 USD) |
Extra Curricular Activities  | 100 PAB (100 USD) |
Summer Camp for Kids  | 150 PAB (150 USD) |
Indicators | Panama |
|---|---|
PreSchool Fees  | 250 PAB (250 USD) |
Primary School Fees  | 400 PAB (400 USD) |
Secondary School Fees  | 600 PAB (600 USD) |
Private School Fees  | 1,000 PAB (1,000 USD) |
University Tuition Fees  | 2,500 PAB (2,500 USD) |
University Private Tuition Fees  | 3,500 PAB (3,500 USD) |
After School Activities  | 75 PAB (75 USD) |
Special Education Services  | 200 PAB (200 USD) |
Tutoring  | 30 PAB (30 USD) |
Textbooks Cost  | 50 PAB (50 USD) |
School Supplies  | 30 PAB (30 USD) |
Indicators | Panama |
|---|---|
Movie Ticket (Single)  | 8 PAB (8 USD) |
Theater Ticket (Single)  | 15 PAB (15 USD) |
Concert Ticket (Single)  | 25 PAB (25 USD) |
Sports Event Ticket (Single)  | 15 PAB (15 USD) |
Gym Membership  | 40 PAB (40 USD) |
Swimming Pool Access  | 25 PAB (25 USD) |
Museum Entry Ticket  | 8 PAB (8 USD) |
Zoo Entry Ticket  | 12 PAB (12 USD) |
Amusement Park Entry Ticket  | 20 PAB (20 USD) |
Bowling  | 15 PAB (15 USD) |
Mini Golf  | 12 PAB (12 USD) |
Video Games  | 40 PAB (40 USD) |
Streaming Services  | 12 PAB (12 USD) |
Outdoor Equipment Rental  | 15 PAB (15 USD) |
Theme Park Annual Pass  | 500 PAB (500 USD) |
Indicators | Panama |
|---|---|
Language Classes  | 150 PAB (150 USD) |
Parenting Classes  | 150 PAB (150 USD) |
Art Classes  | 25 PAB (25 USD) |
Fitness Classes  | 25 PAB (25 USD) |
Music Lessons  | 30 PAB (30 USD) |
Dance Lessons  | 30 PAB (30 USD) |
Reading Materials for Classes  | 8 PAB (8 USD) |
Educational Software  | 150 PAB (150 USD) |
Indicators | Panama |
|---|---|
Average Gross Monthly Salary  | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary  | 1,200 PAB (1,200 USD) |
Minimum Wages  | 20 PAB per hour (20 USD) |
Average Bonus  | 150 PAB (150 USD) |
Income Tax Rate  | 0 to 7 % |
Social Security Contributions  | 9 % |
Pension Contributions  | 10 % |
Cost of Living Index  | 50 |
Median Household Income  | 1,200 PAB (1,200 USD) |
Indicators | Panama |
|---|---|
Legal Consultation Per Hour Rate  | 100 PAB (100 USD) |
Accounting Services Per Hour Rate  | 80 PAB (80 USD) |
IT Support Services Per Hour Rate  | 80 PAB (80 USD) |
Technician Services Per Hour Rate  | 60 PAB (60 USD) |
We hope you enjoyed the detailed guide on the cost of living in Panama.
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