Cost of Living in Panama City, 🇵🇦 Panama - For Locals, Nomads, and Tourists

AI estimate Updated Mar 22, 2026 About costs

Cost breakdown

Digital nomad: short-term stay (1-3 months). Furnished Airbnb or coliving near center, coworking, eating out ~3x/day, travel health insurance.

Expat: long-term resident (1+ years). Renting apartment in center, mix of cooking and dining out, local health insurance, settled lifestyle.

Family: middle-class 4-person family. 2-3 bedroom in suburbs, groceries for 4, international school, car/transport, family health plan.

Local: budget-conscious local resident. Renting outside center, cooking at home, public transport, local phone plan.

Tourist: short-stay visitor (1-14 days). Hotel/Airbnb nightly, all meals at restaurants, taxis, sightseeing.

CategoryCost

Housing $1,350 $950 $1,600 $450 $95

Utilities $110 $140 $220 $65 —

Internet & Mobile $65 $55 $95 $35 $4

Groceries $150 $420 $850 $280 $12

Transportation $180 $120 $350 $45 $25

Dining Out $750 $380 $600 $90 $65

Leisure Activities $220 $200 $450 $40 $35

Health Insurance $75 $110 $320 $35 $5

Visa & Legal Fees — $60 $120 — —

Total $2,900 $2,435 $4,605 $1,040 $241

Itemized prices

Local prices converted to the selected currency.

Housing

Apartment (1 bedroom) $875.50 per month

Coworking Space $195.00 per month

Airbnb (1 month) $1,650.00 per month

Coliving Space $820.00 per month

Food & Dining

Coffee $3.85 per cup

Beer $3.50 per pint

Meal (Inexpensive) $10.00 per meal

Fast Food Combo $8.50 per meal

Apples $3.40 per kg

Bread $2.25 per loaf

Milk $1.70 per liter

Rice $1.65 per kg

Chicken Fillets $7.20 per kg

Beef $10.50 per kg

Wine (Mid-range) $12.00 per bottle

Meal (Mid-range, 2 people) $65.00 per meal

Water (1.5L bottle) $1.45 per bottle

Transportation

Taxi Start $2.50 per trip

Taxi per km $1.20 per km

Monthly Transport Pass $30.00 per month

Gasoline $1.12 per liter

Ride-hailing (5km) $5.50 per trip

Scooter Rental $12.00 per month

Services

Mobile Plan $25.00 per month

Internet (60 Mbps+) $45.00 per month

Gym Membership $55.00 per month

Tennis Court (Weekend) $18.00 per hour

SIM Card (Tourist, prepaid) $10.00 one-time

Entertainment

Cinema Ticket $7.00 per ticket

Clothing

Jeans $50.00 per pair

Summer Dress $35.00 per dress

Running Shoes $85.00 per pair

Personal Care

Haircut $20.00 per visit

Laundry $15.00 per kg

Healthcare

Doctor Visit (GP) $50.00 per visit

Pharmacy (basic meds) $8.50 per purchase

About these costs

Method: AI estimate
Last updated: Mar 22, 2026
Generated by: Model not recorded
Last changed: None yet
Exchange rate: 1 USD = 1 PAB

Generated by an AI model without cited sources and not yet checked by research. A research pass replaces these values with sourced ones, compared with similar cities.

Panama City cost of living