Cost of living
Balboa compared to Panama City (Panama)
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Overview comparison
BalboaPanama City (Panama)
Consumer prices in Panama City (Panama) are roughly 9% higher than in Balboa.
Cost of living
| Item | Balboa | Panama City (Panama) |
|---|
| Total with rent one person | 1,125 | 1,638 |
|---|
| Total with rent family | 3,088 | 3,596 |
|---|
| Without rent one person | 622 | 704 |
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| Without rent one family | 1,589 | 1,918 |
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| Rent & Utilities person | 730.47 | 843.13 |
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| Rent & Utilities family | 1,145.42 | 1,715.82 |
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| Food person | 353 | 437 |
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| Food family | 1,166 | 1,296 |
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| Transport person | 35.86 | 75 |
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| Transport family | 100.33 | 245.29 |
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| Life expectancy | 74.61 years | 70.34 years |
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Eating Out
| Item | Balboa | Panama City (Panama) |
|---|
| Lunch Menu | 9.89 | 9.63 |
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| Dinner in a Restaurant, for 2 | 46.43 | 43.56 |
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| Fast food meal, equiv. McDonald's | 8.51 | 7.98 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 2.97 | 3.56 |
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| Cappuccino | 4.26 | 4.06 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.59 | 1.58 |
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Rent & Utilities
| Item | Balboa | Panama City (Panama) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 901.86 | 756.23 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 514.38 | 582.27 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,404.29 | 1,782.62 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 1,146.34 | 1,107.26 |
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| Utility Bill one person, electricity, heating, water, etc. | 79.89 | 66.1 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 99.2 | 143.25 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 57.61 | 47.31 |
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Transportation
| Item | Balboa | Panama City (Panama) |
|---|
| Local transport ticket | 6.11 | 6.84 |
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| Monthly ticket local transport | 2,398 | 2,670 |
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| Taxi Ride, 8 km or 5 mi | 1,492 | 1,395 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.38 | 0.31 |
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| Mortgage Interest Rate for 20 Years | 31.42% | 26.33% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 12.79 | 12.38 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.94 | 0.93 |
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Groceries
| Item | Balboa | Panama City (Panama) |
|---|
| Milk, 1 L or 1 qt | 1.43 | 1.44 |
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| Bread, 0.5 kg or 1.1 lb | 1.93 | 1.69 |
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| Eggs, x12 | 2.63 | 2.51 |
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| Cheese, 1 kg or 2.2 lb | 13.53 | 14.6 |
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| Chicken Breast, 1 kg or 2.2 lb | 6.43 | 7.11 |
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| Round Steak, 1 kg or 2.2 lb | 11.17 | 8.98 |
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| Banana, 1 kg or 2.2 lb | 1.36 | 1.32 |
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| Water, 1 L or 1 qt | 0.94 | 1.01 |
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Other
| Item | Balboa | Panama City (Panama) |
|---|
| Gym Membership, 1 month | 40.77 | 47.39 |
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| Cinema Ticket, 1 person | 5.78 | 7.28 |
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| Doctors visit | 38.96 | 50.48 |
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| Haircut, simple | 10.97 | 12.21 |
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| Brand Jeans | 49.7 | 56.45 |
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| Brand Sneakers | 105.64 | 92.06 |
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| Daycare or Preschool, 1 month | 474.98 | 519.33 |
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| International Primary School, 1 year | 8,474 | 8,740 |
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