Travel budget in Panama

Panama: calculate your travel budget

Panama: sample budgets by traveller type

These example budgets assume a 2-week holiday in Panama for 2 people.

Low budget
(backpacker)

Daily budget:

  • $ 52 for 2 ppl.
  • $ 16 per person
  • $ 1.9 per person
  • Free activities

Total budget:

$ 1202* (966 PAB)

Average budget
(traveller)

Daily budget:

  • $ 101 for 2 ppl.
  • $ 29 per person
  • $ 16 per person
  • $ 6.9 per person

Total budget:

$ 2835* (2268 PAB)

High budget
(tourist)

Daily budget:

  • $ 155 for 2 ppl.
  • $ 49 per person
  • $ 40 per person
  • $ 14 per person

Total budget:

$ 5026* (4018 PAB)

* Estimated local budget for 2 people for 2 weeks. This represents an average across the country (budget may vary depending on the city or region visited).



Cost of living in Panama in 2022

Cost of living: Panama VS United States

Compare with the average cost of living in:

On average, the cost of living in Panama in 2022 is 21% less than in the United States (USA).

The graphic below shows the percentage of variation between prices United States in in the United States (USA) and United States by types of expenses:

Cost of living in Panama by city

See the table below for the variation in the cost of living in different cities in Panama compared to the national average.

Cities /Panama View Details
Boquete 14% moreTravel budget and cost of living in Boquete
Panama City 4% lessTravel budget and cost of living in Panama City
David 11% lessTravel budget and cost of living in David
San Miguelito 16% lessTravel budget and cost of living in San Miguelito
Aguadulce 18% lessTravel budget and cost of living in Aguadulce



Local prices in Panama by expense type

Panama: Restaurant budget

On average, budget for eating in a restaurant in Panama costs 35% less than in the United States (USA).
Lunch
Lunch
$ 8.7/person
($ 5 to $ 20)

55% less than in the United States (USA)United States Average price in the United States (USA): $ 20
3 course dinner
3 course dinner
$ 30/person
($ 22 to $ 45)

26% less than in the United States (USA)United States Average price in the United States (USA): $ 41
McDonald's meal
McDonald's meal
$ 8.7/person
($ 7.5 to $ 10)

16% less than in the United States (USA)United States Average price in the United States (USA): $ 10.5
Local beer
Local beer
$ 2.5 for 500ml
($ 1.3 to $ 3.7)

59% less than in the United States (USA)United States Average price in the United States (USA): $ 6.2
Imported beer
Imported beer
$ 2.3 for 330ml
($ 1.3 to $ 3.1)

40% less than in the United States (USA)United States Average price in the United States (USA): $ 3.8
Cappuccino
Cappuccino
$ 3.8/cup
($ 1.9 to $ 5.6)

31% less than in the United States (USA)United States Average price in the United States (USA): $ 5.6
Fizzy drink
Fizzy drink
$ 1.9/can
($ 1.3 to $ 3.1)

26% less than in the United States (USA)United States Average price in the United States (USA): $ 2.5
Water bottle
Water bottle
$ 1.4/bottle
($ 1.3 to $ 2.5)

27% less than in the United States (USA)United States Average price in the United States (USA): $ 2

Panama: Hotel and accommodation budget

On average, hotel and accommodation budget in Panama costs 38% less than in the United States (USA).
1-star hotel
1-star hotel
$ 67/night
($ 66 to $ 70)

44% less than in the United States (USA)United States Average price in the United States (USA): $ 121
2-star hotel
2-star hotel
$ 72/night
($ 51 to $ 102)

48% less than in the United States (USA)United States Average price in the United States (USA): $ 139
3-star hotel
3-star hotel
$ 131/night
($ 94 to $ 186)

34% less than in the United States (USA)United States Average price in the United States (USA): $ 199
4-star hotel
4-star hotel
$ 180/night
($ 144 to $ 235)

38% less than in the United States (USA)United States Average price in the United States (USA): $ 291
5-star hotel
5-star hotel
$ 224/night
($ 188 to $ 273)

62% less than in the United States (USA)United States Average price in the United States (USA): $ 602
Hostel/Youth Hostel
Hostel/Youth Hostel
$ 59/month
($ 46 to $ 81)

53% less than in the United States (USA)United States Average price in the United States (USA): $ 126
Room with kitchen
Room with kitchen
$ 143/month
($ 100 to $ 200)

25% less than in the United States (USA)United States Average price in the United States (USA): $ 192
Hotel with swimming pool
Hotel with swimming pool
$ 145/month
($ 94 to $ 214)

18% less than in the United States (USA)United States Average price in the United States (USA): $ 177
Cottage or guest house
Cottage or guest house
$ 101/month
($ 78 to $ 138)

58% less than in the United States (USA)United States Average price in the United States (USA): $ 243
Family room
Family room
$ 174/month
($ 118 to $ 249)

4% less than in the United States (USA)United States Average price in the United States (USA): $ 182

Panama: Supermarket food budget

On average, the price of supermarket food in Panama costs 23% less than in the United States (USA).
Milk
Milk
$ 2/litre
($ 1.7 to $ 2.4)

72% more than in the United States (USA)United States Average price in the United States (USA): $ 1.1
Bread
Bread
$ 2.6/500g
($ 1.3 to $ 3.7)

29% less than in the United States (USA)United States Average price in the United States (USA): $ 3.6
Rice
Rice
$ 2.4/kg
($ 1.3 to $ 5)

52% less than in the United States (USA)United States Average price in the United States (USA): $ 5
Eggs
Eggs
$ 2.6/12 eggs
($ 1.9 to $ 3.1)

33% less than in the United States (USA)United States Average price in the United States (USA): $ 3.9
Chicken
Chicken
$ 8.1/kg
($ 3.7 to $ 10.6)

43% less than in the United States (USA)United States Average price in the United States (USA): $ 15
Apples
Apples
$ 3.5/kg
($ 1.8 to $ 8.1)

40% less than in the United States (USA)United States Average price in the United States (USA): $ 5.8
Tomatoes
Tomatoes
$ 3.5/kg
($ 1.3 to $ 5.3)

36% less than in the United States (USA)United States Average price in the United States (USA): $ 5.4
Potatoes
Potatoes
$ 2.4/kg
($ 1.4 to $ 3)

28% less than in the United States (USA)United States Average price in the United States (USA): $ 3.3
Water bottle
Water bottle
$ 1.9
($ 1.3 to $ 3)

20% less than in the United States (USA)United States Average price in the United States (USA): $ 2.3

Panama: Public and private transport budget

On average, the price of transport in Panama costs 33% less than in the United States (USA).
Bus ticket
Bus ticket
$ 0.5/ticket
($ 0.4 to $ 1.3)

85% less than in the United States (USA)United States Average price in the United States (USA): $ 3.1
Taxi (per km)
Taxi (per km)
$ 2.5/km
($ 1.3 to $ 3.7)

26% more than in the United States (USA)United States Average price in the United States (USA): $ 2
Petrol
Petrol
$ 1.3/litre
($ 1.1 to $ 1.8)

16% less than in the United States (USA)United States Average price in the United States (USA): $ 1.6
Taxi (initial pick-up charge)
Taxi (initial pick-up charge)
$ 2.5
($ 1.9 to $ 3.7)

37% less than in the United States (USA)United States Average price in the United States (USA): $ 4
Car hire
Car hire
$ 20/24hrs
($ 11 to $ 78)

51% less than in the United States (USA)United States Average price in the United States (USA): $ 40

Panama: Leisure activity budget

On average, budget for leisure activities in Panama is 11% more expensive than in the United States (USA).
Cinema
Cinema
$ 6.9/ticket
($ 5 to $ 8.7)

53% less than in the United States (USA)United States Average price in the United States (USA): $ 15
Tennis
Tennis
$ 38/hr
($ 20 to $ 64)

76% more than in the United States (USA)United States Average price in the United States (USA): $ 22

Panama: Budget for clothes and price of cigarettes

On average, shopping budget in Panama costs 6% less than in the United States (USA).
Cigarettes
Cigarettes
$ 7.2/pack
($ 6.2 to $ 10)

33% less than in the United States (USA)United States Average price in the United States (USA): $ 11
Levi's jeans
Levi's jeans
$ 58
($ 33 to $ 83)

2% more than in the United States (USA)United States Average price in the United States (USA): $ 57
Summer dress
Summer dress
$ 51
($ 33 to $ 76)

14% more than in the United States (USA)United States Average price in the United States (USA): $ 45

Plane ticket budget

New York City → Panama City
New York City → Panama City
New York City → Panama City
$ 500
(fair price: $ 385)
London → Panama City
London → Panama City
London → Panama City
$ 808
(fair price: $ 694)
Los Angeles → Panama City
Los Angeles  → Panama City
Los Angeles  → Panama City
$ 783
(fair price: $ 539)
Toronto (Ontario) → Panama City
Toronto (Ontario) → Panama City
Toronto (Ontario) → Panama City
$ 682
(fair price: $ 548)
Montreal → Panama City
Montreal → Panama City
Montreal → Panama City
$ 704
(fair price: $ 569)
Atlanta → Panama City
Atlanta → Panama City
Atlanta → Panama City
$ 610
(fair price: $ 446)


About the information on the cost of living in Panama

The information about the cost of living in Panama shown on this page comes from multiple sources, including : Numbeo, Easyvoyage and Hotels.com.

Information about cost of living in Panama updated on 29-09-2022.

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