Cost of living
Tocumen compared to Panama Province
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Overview comparison
TocumenPanama Province
Consumer prices in Tocumen are roughly 5% higher than in Panama Province.
Cost of living
| Item | Tocumen | Panama Province |
|---|
| Total with rent one person | 1,027 | 1,013 |
|---|
| Total with rent family | 2,739 | 2,751 |
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| Without rent one person | 457 | 714 |
|---|
| Without rent one family | 1,895 | 1,944 |
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| Rent & Utilities person | 566.6 | 684.19 |
|---|
| Rent & Utilities family | 1,415.9 | 730.68 |
|---|
| Food person | 413 | 381 |
|---|
| Food family | 1,075 | 1,030 |
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| Transport person | 33.34 | 59.81 |
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| Transport family | 120.79 | 149.29 |
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| Life expectancy | 76.12 years | 83.75 years |
|---|
Eating Out
| Item | Tocumen | Panama Province |
|---|
| Lunch Menu | 4.3 | 13.13 |
|---|
| Dinner in a Restaurant, for 2 | 71.86 | 47.13 |
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| Fast food meal, equiv. McDonald's | 6.99 | 8 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 2.54 | 2.97 |
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| Cappuccino | 3.03 | 4.38 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 2.08 | 1.77 |
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Rent & Utilities
| Item | Tocumen | Panama Province |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 699.42 | 523.04 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 399.34 | 475.34 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,525.37 | 619.63 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 1,134.19 | 481.46 |
|---|
| Utility Bill one person, electricity, heating, water, etc. | 66.49 | 91.71 |
|---|
| Utility Bill for a Family, electricity, heating, water, etc. | 117.09 | 137.09 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 41.55 | 50.6 |
|---|
Transportation
| Item | Tocumen | Panama Province |
|---|
| Local transport ticket | 6.18 | 5.82 |
|---|
| Monthly ticket local transport | 1,932 | 2,678 |
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| Taxi Ride, 8 km or 5 mi | 1,351 | 1,567 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.35 | 0.46 |
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| Mortgage Interest Rate for 20 Years | 23.31% | 34.51% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 19.32 | 11.38 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.13 | 1.2 |
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Groceries
| Item | Tocumen | Panama Province |
|---|
| Milk, 1 L or 1 qt | 1.66 | 1.62 |
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| Bread, 0.5 kg or 1.1 lb | 2.45 | 2.39 |
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| Eggs, x12 | 2.34 | 2.95 |
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| Cheese, 1 kg or 2.2 lb | 14.21 | 11.18 |
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| Chicken Breast, 1 kg or 2.2 lb | 6.83 | 6.18 |
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| Round Steak, 1 kg or 2.2 lb | 8.76 | 11.94 |
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| Banana, 1 kg or 2.2 lb | 1.46 | 1.72 |
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| Water, 1 L or 1 qt | 0.98 | 1 |
|---|
Other
| Item | Tocumen | Panama Province |
|---|
| Gym Membership, 1 month | 33.93 | 29.54 |
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| Cinema Ticket, 1 person | 7.9 | 5.98 |
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| Doctors visit | 56.02 | 40.14 |
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| Haircut, simple | 11.69 | 5.77 |
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| Brand Jeans | 61.7 | 43.25 |
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| Brand Sneakers | 88.51 | 78.52 |
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| Daycare or Preschool, 1 month | 481.75 | 471.87 |
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| International Primary School, 1 year | 10,662 | 10,316 |
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