Cost of living
Panama City (Panama) compared to Panama
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Overview comparison
Panama City (Panama)Panama
Consumer prices in Panama City (Panama) are roughly 9% higher than in Panama.
Cost of living
| Item | Panama City (Panama) | Panama |
|---|
| Total with rent one person | 1,638 | 1,234 |
|---|
| Total with rent family | 3,596 | 2,611 |
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| Without rent one person | 704 | 517 |
|---|
| Without rent one family | 1,918 | 2,257 |
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| Rent & Utilities person | 843.13 | 546.21 |
|---|
| Rent & Utilities family | 1,715.82 | 1,292.6 |
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| Food person | 437 | 444 |
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| Food family | 1,296 | 1,052 |
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| Transport person | 75 | 45.39 |
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| Transport family | 245.29 | 123.67 |
|---|
| Life expectancy | 70.34 years | 78.99 years |
|---|
Eating Out
| Item | Panama City (Panama) | Panama |
|---|
| Lunch Menu | 9.63 | 14.58 |
|---|
| Dinner in a Restaurant, for 2 | 43.56 | 64.45 |
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| Fast food meal, equiv. McDonald's | 7.98 | 8.59 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 3.56 | 3.55 |
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| Cappuccino | 4.06 | 3.42 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.58 | 2.1 |
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Rent & Utilities
| Item | Panama City (Panama) | Panama |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 756.23 | 662.07 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 582.27 | 471.54 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,782.62 | 1,646.52 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 1,107.26 | 797.34 |
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| Utility Bill one person, electricity, heating, water, etc. | 66.1 | 76.6 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 143.25 | 128.63 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 47.31 | 49.06 |
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Transportation
| Item | Panama City (Panama) | Panama |
|---|
| Local transport ticket | 6.84 | 6.93 |
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| Monthly ticket local transport | 2,670 | 2,377 |
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| Taxi Ride, 8 km or 5 mi | 1,395 | 1,753 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.31 | 0.42 |
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| Mortgage Interest Rate for 20 Years | 26.33% | 33.86% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 12.38 | 17.27 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.93 | 1.18 |
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Groceries
| Item | Panama City (Panama) | Panama |
|---|
| Milk, 1 L or 1 qt | 1.44 | 1.85 |
|---|
| Bread, 0.5 kg or 1.1 lb | 1.69 | 3.06 |
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| Eggs, x12 | 2.51 | 2.25 |
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| Cheese, 1 kg or 2.2 lb | 14.6 | 10.44 |
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| Chicken Breast, 1 kg or 2.2 lb | 7.11 | 6.74 |
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| Round Steak, 1 kg or 2.2 lb | 8.98 | 9.54 |
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| Banana, 1 kg or 2.2 lb | 1.32 | 1.37 |
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| Water, 1 L or 1 qt | 1.01 | 1.19 |
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Other
| Item | Panama City (Panama) | Panama |
|---|
| Gym Membership, 1 month | 47.39 | 47.23 |
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| Cinema Ticket, 1 person | 7.28 | 7.57 |
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| Doctors visit | 50.48 | 45.55 |
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| Haircut, simple | 12.21 | 11.38 |
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| Brand Jeans | 56.45 | 43.44 |
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| Brand Sneakers | 92.06 | 103.69 |
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| Daycare or Preschool, 1 month | 519.33 | 360.67 |
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| International Primary School, 1 year | 8,740 | 8,660 |
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