🇵🇦 Cost of Living in Panama City
How much you'll actually spend — not what travel blogs tell you
Monthly budget · Single · city center
$1,548/mo
Just you and your questionable life decisions
The real monthly damage
Rent — the biggest line item
Source: Numbeo. Prices in USD unless toggled.
Grocery prices — the supermarket reality check
Eating out — because you won't cook every night
Getting around — or trying to
30-day trial run
What a month-long scouting trip costs before you commit to anything permanent.
Panama City vs. similar cities
Sticker shock?
See how the numbers look somewhere else.
$1,587/mo
Cost of living in Playa del Carmen
$1,489/mo
Cost of living in Tulum
$1,732/mo
Cost of living in San Miguel de Allende
Let the algorithm judge you
2 min quiz — surprisingly accurate
Frequently Asked Questions
How much does it cost to live in Panama City?▼
A single person can expect to spend about $1,548/month in Panama City, including rent in the city center, groceries, transport, and utilities. Couples need roughly $1,985/month.
What is the average salary in Panama City?▼
The average monthly net salary (after tax) in Panama City is about $980, according to Numbeo data.
Is Panama City expensive compared to other cities?▼
Compared to similar cities: Playa del Carmen ($1,587/mo), Tulum ($1,489/mo), San Miguel de Allende ($1,732/mo), San Jose ($1,600/mo), Tamarindo ($950/mo). Panama City comes in at $1,548/mo for a single person.
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Cost data sourced from Numbeo. Updated periodically.