Summary of The Cost of Living in Panama City, Panama, Panama
• The average monthly cost of living for a single person in Panama City is $2,223.00 including rent, or $1,323.00 excluding rent.
• The average monthly cost of living for a couple (2 adults) in Panama City is $3,073.40 including rent, or $2,173.40 excluding rent.
• The average monthly cost of living for a family of four (2 adults + 2 children) in Panama City is $4,245.40 including rent, or $3,075.40 excluding rent.
• The average yearly cost of living in Panama City ranges from $26,676.00 for a single person to $36,880.80 for a couple, and $50,944.80 for a family of four, including rent. Excluding rent, the yearly range is $15,876.00 for a single person to $26,080.80 for a couple, and $36,904.80 for a family of four.
• For budget-conscious living in Panama City, baseline monthly expenses range from $1,082.00 for a single person to $1,461.00 for a couple, and $2,014.50 for a family of four, including rent. Excluding rent, the range is $582.00 for a single person to $961.00 for a couple, and $1,364.50 for a family of four.
• For comfortable/luxury living in Panama City, estimated monthly expenses range from $4,577.00 for a single person to $6,427.10 for a couple, and $8,845.60 for a family of four, including rent. Excluding rent, the range is $2,977.00 for a single person to $4,827.10 for a couple, and $6,765.60 for a family of four.
• The average monthly salary for a person in Panama City is $2,100.00, which is 58.7% more than the average monthly cost of living and 260.8% more than the budget cost of living for a single person, excluding rent.
Cost of Living Details
| Category | Subcategory | Description | Cost Range (Monthly) |
|---|---|---|---|
| Monthly rent for your primary residence (apartments, houses, condos) | |||
| Monthly electricity bill | |||
| Monthly running water bill | |||
| Monthly broadband internet subscription with unlimited data and cable TV | |||
| Monthly gas and heating expenses | |||
| Monthly mobile phone plan with data and calling | |||
| Monthly food and grocery expenses | |||
| Monthly expenses for basic household supplies and personal hygiene items (toiletries, cleaning supplies, and paper products) | |||
| Monthly transportation costs (public transit, vehicle ownership, or ride-sharing) | |||
| Monthly expenses for movies, coffee, drinks, and social activities (excluding shopping & dining) | |||
| Monthly expenses for clothing, shoes, and accessories | |||
| Monthly health insurance cost | |||
| Monthly prescription medications and pharmacy expenses | |||
| Monthly doctor visits and dental care expenses | |||
| Monthly gym membership | |||
| Monthly expenses for laundry and housekeeping services | |||
| Monthly expenses for food and basic care per pet (grooming, veterinary visits, treats, and medications) | |||
| Monthly childcare and school fees | |||
| Total (selected items only) | |||
Expense Distribution
Salary Info
| Category | Subcategory | Description | Salary Range (Monthly) |
|---|---|---|---|
| Salary | Salary | Monthly salary (full-time) |