Travel budget and cost of living in Panama how much does a trip cost?

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.

* 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 2019

Cost of living: Panama VS United States

On average, the cost of living in Panama in 2019 is 21% less than United States.

The graphic below shows the percentage of variation between prices in Panama in 2019 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
Panama City	1% less	Travel budget and cost of living in Panama City
Boquete	35% less	Travel budget and cost of living in Boquete
David	40% less	Travel budget and cost of living in David
Aguadulce	41% less	Travel budget and cost of living in Aguadulce
San Miguelito	47% less	Travel budget and cost of living in San Miguelito

Panama: get the best price!

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Arrival city:

Main airport(s)Panama City

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Return on:

Adults (over 16):

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Children (under 16):

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Local prices in Panama by expense type

Restaurant budget in Panama

Lunch

$ 8.6/person
($ 5.4 to $ 13)

---

42% less than in United States Average price in United States: $ 15

3 course dinner

$ 22/person
($ 16 to $ 34)

---

22% less than in United States Average price in United States: $ 28

McDonald's meal

$ 6.9/person
($ 5.4 to $ 8)

---

6% less than in United States Average price in United States: $ 7.5

Local beer

$ 2.2 for 500ml
($ 1.1 to $ 3.2)

---

49% less than in United States Average price in United States: $ 4.3

Imported beer

$ 2.4 for 330ml
($ 1.3 to $ 3.2)

---

21% less than in United States Average price in United States: $ 3.1

Cappuccino

$ 2.9/cup
($ 1.6 to $ 4.1)

---

34% less than in United States Average price in United States: $ 4.3

Fizzy drink

$ 1.3/can
($ 0.8 to $ 2.2)

---

29% less than in United States Average price in United States: $ 1.9

Water bottle

$ 1.1/bottle
($ 0.8 to $ 2.2)

---

29% less than in United States Average price in United States: $ 1.5

Hotel and accommodation budget in Panama

1-star hotel

$ 61/night
($ 54 to $ 69)

---

42% less than in United States Average price in United States: $ 107

2-star hotel

$ 70/night
($ 48 to $ 93)

---

44% less than in United States Average price in United States: $ 125

3-star hotel

$ 136/night
($ 109 to $ 173)

---

23% less than in United States Average price in United States: $ 177

4-star hotel

$ 207/night
($ 143 to $ 278)

---

19% less than in United States Average price in United States: $ 259

5-star hotel

$ 208/night
($ 182 to $ 245)

---

58% less than in United States Average price in United States: $ 502

Hotel/Youth Hostel

$ 57/month
($ 46 to $ 69)

---

53% less than in United States Average price in United States: $ 120

Room with kitchen

$ 118/month
($ 70 to $ 185)

---

27% less than in United States Average price in United States: $ 163

Hotel with swimming pool

$ 118/month
($ 83 to $ 164)

---

29% less than in United States Average price in United States: $ 167

Cottage or guest house

$ 60/month
($ 44 to $ 81)

---

71% less than in United States Average price in United States: $ 213

Family room

$ 165/month
($ 121 to $ 225)

---

6% less than in United States Average price in United States: $ 176

Supermarket food budget in Panama

Milk

$ 1.6/litre
($ 1.3 to $ 1.9)

---

83% more than United States Average price in United States: $ 0.9

Bread

$ 2/500g
($ 1.1 to $ 2.6)

---

25% less than in United States Average price in United States: $ 2.8

Rice

$ 1.6/kg
($ 1 to $ 2.4)

---

61% less than in United States Average price in United States: $ 4.1

Eggs

$ 2.2/12 eggs
($ 1.9 to $ 3)

---

10% less than in United States Average price in United States: $ 2.4

Cheese

$ 8.8/kg
($ 3.8 to $ 16)

---

20% less than in United States Average price in United States: $ 12

Chicken

$ 6.6/kg
($ 4.8 to $ 8.8)

---

27% less than in United States Average price in United States: $ 9

Apples

$ 3.6/kg
($ 2.5 to $ 5.4)

---

24% less than in United States Average price in United States: $ 4.7

Oranges

$ 2.7/kg
($ 1.1 to $ 6.5)

---

34% less than in United States Average price in United States: $ 4.3

Tomatoes

$ 2.9/kg
($ 2 to $ 4.1)

---

32% less than in United States Average price in United States: $ 4.3

Potatoes

$ 1.7/kg
($ 1.2 to $ 2.6)

---

38% less than in United States Average price in United States: $ 2.7

Salad

$ 1.9/salad
($ 1 to $ 2.7)

---

18% more than United States Average price in United States: $ 1.6

Water bottle

$ 1.7
($ 1.1 to $ 2.2)

---

12% less than in United States Average price in United States: $ 1.9

Joint of beef

$ 9.1/kg
($ 5.9 to $ 16)

---

25% less than in United States Average price in United States: $ 13

Public and private transport budget in Panama

Bus ticket

$ 0.2/ticket
($ 0.2 to $ 0.4)

---

89% less than in United States Average price in United States: $ 2.4

Bus pass

$ 33/month
($ 21 to $ 39)

---

57% less than in United States Average price in United States: $ 76

Taxi (per km)

$ 2.2/km
($ 1.6 to $ 3.2)

---

18% more than United States Average price in United States: $ 1.8

Petrol

$ 0.8/litre
($ 0.7 to $ 1)

---

11% more than United States Average price in United States: $ 0.8

Taxi (initial pick-up charge)

$ 2.2
($ 1.3 to $ 2.6)

---

38% less than in United States Average price in United States: $ 3.5

Car hire

$ 20/24hrs
($ 11 to $ 78)

---

51% less than in United States Average price in United States: $ 40

Budget for living and housing in Panama

Electricity, water...

$ 96/month
($ 49 to $ 183)

---

41% less than in United States Average price in United States: $ 163

Mobile phone

$ 0.1/min.
($ 0.1 to $ 0.4)

---

23% more than United States Average price in United States: $ 0.1

Broadband internet

$ 52/month
($ 33 to $ 76)

---

23% less than in United States Average price in United States: $ 67

Studio flat (city centre)

$ 867/month
($ 537 to $ 1340)

---

35% less than in United States Average price in United States: $ 1352

Studio flat (suburbs)

$ 574/month
($ 376 to $ 857)

---

46% less than in United States Average price in United States: $ 1066

Flat (centre)

$ 1535/month
($ 965 to $ 2143)

---

30% less than in United States Average price in United States: $ 2210

Flat (suburbs)

$ 1046/month
($ 643 to $ 1608)

---

39% less than in United States Average price in United States: $ 1725

Gym

$ 54/month
($ 33 to $ 71)

---

39% more than United States Average price in United States: $ 39

Private nursery

$ 303/month
($ 130 to $ 559)

---

68% less than in United States Average price in United States: $ 944

Private primary school

$ 7608/yr
($ 3749 to $ 17134)

---

58% less than in United States Average price in United States: $ 18299

Leisure activity budget in Panama

Cinema

$ 6.7/ticket
($ 5.4 to $ 8)

---

47% less than in United States Average price in United States: $ 13

Tennis

$ 27/hr
($ 17 to $ 47)

---

61% more than United States Average price in United States: $ 16

Budget for clothes and price of cigarettes in Panama

Cigarettes

$ 5.4/pack
($ 4.5 to $ 6.5)

---

28% less than in United States Average price in United States: $ 7.5

Levi's jeans

$ 52
($ 28 to $ 76)

---

9% more than United States Average price in United States: $ 47

Summer dress

$ 41
($ 22 to $ 60)

---

8% more than United States Average price in United States: $ 38

Trainers

$ 71
($ 44 to $ 97)

---

11% less than in United States Average price in United States: $ 79

Leather shoes

$ 83
($ 52 to $ 119)

---

19% less than in United States Average price in United States: $ 102

Plane ticket budget

London → Panama City

$ 851
(fair price: $ 754)

New York City → Panama City

$ 651
(fair price: $ 562)

Montreal → Panama City

$ 647
(fair price: $ 525)

Los Angeles → Panama City

$ 674
(fair price: $ 563)

Toronto (Ontario) → Panama City

$ 541
(fair price: $ 486)

Manchester → Panama City

$ 989
(fair price: $ 827)

Dublin → Panama City

$ 1062
(fair price: $ 889)

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