Compare the cost of your home country to the actual living costs in Panama, simply select your home currency and see the difference!
All data is kept up to date by local members and actual students. Our latest update was on: 30th of June 2020
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| Food | Price in B/. | |||
|---|---|---|---|---|
 12 eggs dozen, large |
12.50 PAB | |||
 1 beer pint in local shops, markets |
7 PAB | |||
 1 kg of tomatoes |
8.50 PAB | |||
 Full chicken 2kg |
38.75 PAB | |||
 1litre 100% fruit juice |
8.50 PAB | |||
 1 package of cigarettes imported brands |
25 PAB | |||
 1 kg (2 lb.) of apples |
7.50 PAB | |||
 1 bottle of red table wine, good quality |
48.95 PAB | |||
| 2.5 liters of Coca-Cola |
0.95 PAB | |||
 1 Bread loaf standard |
9.50 PAB | |||
 Whole fat Yogurt. 500ml |
12 PAB | |||
 1x6 pack Dardanelle tuna |
18.50 PAB | |||
| Heinz baked beans 1 tin |
8 PAB | |||
 1.5 kg Sugar |
10 PAB | |||
| 2 liter cooking oil |
20 PAB | |||
 Yum-yum noodles per pack |
2.00 PAB | |||
| 1 kg (2 lb.) of potatoes |
5.50 PAB | |||
 1 liter milk |
8.50 PAB | |||
 Fast food restaurant large serving/ take away |
25 PAB | |||
| Housing | ||||
 Utilities per month (water, electricity, gas) for 2 people in flat |
165 PAB | |||
 Wi-Fi monthly fee 8 Mbps (1 month) |
145 PAB | |||
 Laundry detergent (bleach, sunlight liquid, washing surf… altogether) |
58.50 PAB | |||
 House Cleaning fee per day |
105 PAB | |||
 Large Gas heater price range upwards. |
200 PAB | |||
 Original branded Electric Fans |
200 PAB | |||
 Original branded Electric kettle. |
120 PAB | |||
 40 inches Beko flat screen HD TV set |
2000 PAB | |||
 Single bed Blankets |
120 PAB | |||
| Personal Care | ||||
 Avon for women and men cologne |
100 PAB | |||
 Ladies hair plaiting. |
60 PAB | |||
 Ladies Sanitaryware (Pads and Tampoons) |
18 PAB | |||
 Men's haircut |
40 PAB | |||
 Ibuprofen, Panadol, Grandpa Pain killers box of 12 dosses |
24.50 PAB | |||
 Mobile package local network providers’ talk-time, data and messages |
65 PAB | |||
 1 month of gym subscription. |
105 PAB | |||
 Earphones original (Samsung. iPhone) |
90 PAB | |||
| Unisex Loris perfume |
30 PAB | |||
 Gadgets maintenance and repairs (cellphone, laptops, tablets...) starting price. |
100 PAB | |||
| Smart phones (Samsung, Xiaomi, HTC, IPhone) price range upwards |
1000 PAB | |||
 Laptops (Samsung, Lenovo, Hp, Monster, Dell etc.) price range upwards |
3000 PAB | |||
| Entertainment | ||||
 Boat cruise with refreshments and finger snacks |
120 PAB | |||
 Go carting 30mins |
120 PAB | |||
 Movie House 3d cinema |
30 PAB | |||
 Summer Festivals (jet, bumper cars, lucky deep ...(per ticket) |
15 PAB | |||
 Photo shoot |
120 PAB | |||
 Cappuccino / expresso/ coffee |
12.50 PAB | |||
 3 course dinner local restaurant two people |
96.50 PAB | |||
 3 course dinner classy, exotic restaurant two people |
150 PAB | |||
 Play station 4 console without games. |
2000 PAB | |||
 Spalding Basketball |
200 PAB | |||
 Original branded Racket and Wilson’s tennis balls |
500 PAB | |||
| Transportation | ||||
 Taxi fare on average 5-10km |
45 PAB | |||
 Public transport per trip one way maximum fare |
30 PAB | |||
 1 liter petrol/diesel |
6.50 PAB | |||
| 1 day rent a car cost |
140 PAB | |||
 Driver’s license |
2300 PAB | |||
| Clothes | ||||
 1 pair of jeans (Denim or similar) |
150 PAB | |||
 1 pair of men’s formal shoes |
215 PAB | |||
 1 pair original sport/casual shoes (Nike, Adidas, or equivalent brands) |
280 PAB | |||
 1 classy summer dress (Zara, H&M or similar retailers) |
135.79 PAB | |||
 Ladies formal shoes original and durable |
120 PAB | |||
 Back-pack, gym bag (Nike, Adidas, New balance) |
150 PAB | |||
We review the explanations of the statistical relationship between spatial price indices and real living standards in Panama. Then, using data from several seasons in the country, we show that these variables are positively associated, price indices, and real living standards may be statistically linked on several grounds. The total cost of living in Panama for one person with average consumption for one month will be USD 1550, no rent price included.
Restaurants
Unquestionably, everyone who visited Panama will say that this is a country of thousands of spices, tea varieties, and fruits. Panamian cuisine is full of meat, salads, and even roasted pigeons. Despite low prices, the meals are tantalizing, delicious, and well cooked. You can get a decent mean for USD 20.00.
Transport
Transportation is one of the country’s biggest problems. Still, as the Metro system expands, and there's another bridge-building across the canal, the traffic problem might be somewhat alleviated. Public transport is very scarce with the exception of one functioning metro line (others are being constructed)!
Utilities
Though utilities are not too expensive, you should count in all the malfunctions you will experience during the month – which will then make you think of your bills as expensive, given the service you’re receiving. Internet gets cut every other week for an hour or so, even in the center, the water is off every other week for half a day or so. Power is off every other month. Electricity can be really expensive so you need to be careful not to overuse it.
Health Care
Cost is average for consulting a doctor in a public institution that will cost about USD 200 and for a private doctor can vary between USD 250 to USD 300 depending on the city. There are student medical aids that are accepted by various institutions in Panama. It is advised to check with your offer letter on what procedures need to be followed on health insurance.
Rent per month
A one-bedroom apartment in the center of big cities here will cost about USD 1000. At the same time, similar accommodation far from the downtown will be only USD 800 and you can save a little if you don’t need to spend much on transportation.
