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