Cost of living in Panama City

Real monthly costs in Panama City, Panama: USD, from the same data behind the Pro model.

Panama City, PanamaPanama City
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Panama City at a glance

Green is the better side of each figure. Every line is computed from the tables below.

Essentials / mo$1,507rent + bills + food + transit
Men per 100 women99.4ages 20โ€“39, province/comarca level
Avg net salary$931monthly, after tax
Safety score54/100higher = safer

Monthly cost breakdown

Rent outside centre plus utilities, groceries, dining and local transport make up the essentials figure. Not a full lifestyle budget. The middle column is the median across the 3 Panama cities we track, so every row says whether Panama City is the cheap side of its own market or the dear one. Green is the better side of each row.

Essentials, monthlyrent outside centre + bills + food + transit$1,507$1,1431.32ร— as much
Rent, 1-bed outside centremonthly, USD$902$7001.29ร— as much
Rent, 1-bed city centremonthly, USD$1,242$8251.51ร— as much
Groceriesmonthly, one person$183$159$24
Dining outmonthly, one person$225$225same
Utilitiesmonthly: power, water, heating, internet$176$176same
Local transportmonthly pass or fare equivalent$21$25$4
Average net salarymonthly, after tax; average, not median$931$800$131
Rent, 3-bed outside centremonthly, USD$1,468$1,300$168
Rent, 3-bed city centremonthly, USD$2,004$1,5671.28ร— as much

Single person, USD. Data updated August 6, 2026.

Everyday prices

What single items cost in Panama City, in USD. The monthly figures above are built from these. Cheaper side of each row in green.

Eating out

Meal, inexpensive restaurant$10.00$10.00same
Meal for 2, mid-range, three courses$50.00$50.00same
McMeal at McDonald's$8.00$8.00same
Cappuccino, regular$4.07$3.79$0.28
Domestic beer, 0.5 L draught$3.00$3.00same
Imported beer, 0.33 L bottle$4.00$4.82$0.82
Coke/Pepsi, 0.33 L$1.81$1.67$0.14
Water, 0.33 L bottle$1.44$1.24$0.20

Groceries

Milk, 1 L$1.85$1.80$0.05
White bread, 500 g$2.34$2.10$0.24
White rice, 1 kg$3.11$2.201.41ร— as much
Eggs, 12$2.74$2.74same
Local cheese, 1 kg$12.21$11.28$0.93
Chicken fillets, 1 kg$6.28$7.08$0.80
Apples, 1 kg$4.14$4.14same
Bananas, 1 kg$1.60$1.60same
Tomatoes, 1 kg$4.04$2.201.84ร— as much
Potatoes, 1 kg$2.90$2.201.32ร— as much
Onions, 1 kg$4.03$2.201.83ร— as much
Water, 1.5 L bottle$1.75$1.67$0.08

Transport & bills

One-way ticket, local transport$0.35$0.862.46ร— as much
Monthly transit pass$21.00$25.00$4.00
Taxi start$2.50$1.002.50ร— as much
Taxi, 1 km$1.81$1.81same
Gasoline, 1 L$1.16$1.16same
Basic utilities, 85 mยฒ flat$128.35$128.35same
Internet, 60 Mbps+$47.43$42.50$4.93
Mobile plan, monthly$29.95$26.18$3.77

Leisure

Gym, monthly$45.24$45.24same
Cinema, one seat$8.25$7.71$0.54

Dating-age sex ratio

Panama City has 99.4 men per 100 women aged 20–39 (province/comarca level). That is the 4th-highest of 6 Panama cities we track. Panama's national figure is 102.4, so Panama City runs 3 below the country as a whole.

A supply figure, 20–39. The dating-pool model is in Pro.

How Panama City ranks against every city we track

Panama City sits ahead of 74% of the 898 cities we track on clean air. On women aged 20โ€“39 it is ahead of 56% of 892. Its weakest measure is salary against local costs, ahead of only 13% of 534.

More women aged 20โ€“39men per 100 women, census99.4
56% of 892
Cheaper to liveessentials a month$1,507
34% of 542
Cheaper city-centre rentone-bed a month$1,242
23% of 553
Higher local salaryaverage net, monthly$931
37% of 545
Salary goes furtheressentials covered by one salary0.62ร—
13% of 534
Safersafety score, perception-based54/100
37% of 562
Cleaner airPM2.5 ยตg/mยณ a year8.0
74% of 898

Longer is better on every row: bar length is where Panama City sits among all the cities carrying that measure, which is why the count differs by row.

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Panama City, Panama

Photo: Dronepicr, CC BY 3.0.