Cost Analysis

Cost of Living in Panama City (2026)

Detailed breakdown of living costs in Panama City, Panama. Average monthly expenses for rent, groceries, transportation, and healthcare.

Single Person

$1,948

per month

Family (4 people)

$3,350

per month

Average Rent

$1,320

1 bedroom

Cost of Living Overview

Panama City offers a moderately priced lifestyle compared to other major cities. A single person can expect to spend around $1,948 per month for a comfortable standard of living, while a family of four should budget approximately $3,350.

Housing is the largest expense, with one-bedroom apartments averaging $1,320 per month. Internet speeds of 120 Mbps make it excellent for remote work.

Housing

1 Bedroom Apartment (City Center)$1,320
3 Bedroom Apartment (Family)$2,182
Real Estate Price per m²$3,128

Daily Expenses

Groceries (Monthly)$350
Internet (Monthly)$48

Transportation

Public Transport (Monthly)$80
Car Ownership (Monthly)$433

Healthcare

Health Insurance (Monthly)$150

Total Estimated Monthly Cost

Single Person

$1,948

Family of 4

$3,350

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Cost Summary

Rent (1BR)$1,320
Groceries$350
Transport$80
Healthcare$150
Internet$48
Total$1,948

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