🇵🇦 Cost of Living in Panama
2 cities, ranked from wallet-friendly to wallet-hostile
Median monthly budget · single · city center
$1,305/mo
Across 2 cities we track
Couple
$1,641
Family of 4
$3,391
City-by-city damage report
Rent — the biggest line item
Source: Numbeo. Prices in USD.
Grocery prices — the supermarket reality check
Median across 2 cities
Eating out — because you won't cook every night
Median prices across 2 cities
Getting around — or trying to
Median prices across 2 cities
Panama vs. the neighbors
Frequently Asked Questions
How much does it cost to live in Panama?▼
Across 2 cities, a single person spends a median of $1,305/month including rent. Boquete is the cheapest at $1,061/mo, while Panama City runs $1,548/mo.
What is the average rent in Panama?▼
Median rent for a 1-bedroom apartment in the city center is $892/month across 2 cities we track.
What is the average salary in Panama?▼
The median monthly net salary (after tax) across 2 cities is about $824, based on Numbeo data.
What is the cheapest city in Panama?▼
Boquete is the most affordable at $1,061/month for a single person. Panama City is the most expensive at $1,548/month.
Cost data sourced from Numbeo. Updated periodically.