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

Are you planning to go to Panama and need to budget for your trip? On this page you can see sample prices. This enables you to get to grips with actual prices and the cost of living in Panama. Then, why not use our free tool to calculate your Panama travel budget.

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:

  • $ 51 for 2 ppl.
  • $ 12 per person
  • $ 1 per person
  • Free activities

Total budget:

$ 1061* (1008 PAB)

Average budget
(traveller)

Daily budget:

  • $ 103 for 2 ppl.
  • $ 24 per person
  • $ 13 per person
  • $ 6.3 per person

Total budget:

$ 2613* (2478 PAB)

High budget
(tourist)

Daily budget:

  • $ 172 for 2 ppl.
  • $ 38 per person
  • $ 34 per person
  • $ 13 per person

Total budget:

$ 4766* (4522 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 2019

Cost of living: Panama VS United States

On average, the cost of living in Panama in 2019 is 23% 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% moreTravel budget and cost of living in Panama City
David 39% lessTravel budget and cost of living in David
Boquete 36% lessTravel budget and cost of living in Boquete
Aguadulce 43% lessTravel budget and cost of living in Aguadulce
San Miguelito 47% lessTravel budget and cost of living in San Miguelito

Local prices in Panama by expense type

Restaurant budget in Panama

On average, budget for eating in a restaurant in Panama costs 29% less than in United States.
Lunch
Lunch
$ 8.5/person
($ 5.3 to $ 10.5)

43% less than in United StatesUnited States Average price in United States: $ 15
3 course dinner
3 course dinner
$ 22/person
($ 15 to $ 35)

23% less than in United StatesUnited States Average price in United States: $ 28
McDonald's meal
McDonald's meal
$ 6.8/person
($ 5.3 to $ 7.9)

7% less than in United StatesUnited States Average price in United States: $ 7.4
Local beer
Local beer
$ 2.2 for 500ml
($ 1.1 to $ 3.1)

50% less than in United StatesUnited States Average price in United States: $ 4.2
Imported beer
Imported beer
$ 2.4 for 330ml
($ 1.3 to $ 3.7)

20% less than in United StatesUnited States Average price in United States: $ 3.1
Cappuccino
Cappuccino
$ 2.9/cup
($ 1.6 to $ 3.9)

32% less than in United StatesUnited States Average price in United States: $ 4.2
Fizzy drink
Fizzy drink
$ 1.3/can
($ 0.8 to $ 2.2)

29% less than in United StatesUnited States Average price in United States: $ 1.9
Bouteille d'eau
Bouteille d'eau
$ 1.1/bottle
($ 0.8 to $ 2.2)

27% less than in United StatesUnited States Average price in United States: $ 1.5

Hotel and accommodation budget in Panama

On average, hotel and accommodation budget in Panama costs 41% less than in United States.
1-star hotel
1-star hotel
$ 59/night
($ 53 to $ 65)

44% less than in United StatesUnited States Average price in United States: $ 107
2-star hotel
2-star hotel
$ 70/night
($ 48 to $ 94)

42% less than in United StatesUnited States Average price in United States: $ 120
3-star hotel
3-star hotel
$ 136/night
($ 108 to $ 174)

22% less than in United StatesUnited States Average price in United States: $ 175
4-star hotel
4-star hotel
$ 208/night
($ 144 to $ 278)

19% less than in United StatesUnited States Average price in United States: $ 259
5-star hotel
5-star hotel
$ 208/night
($ 182 to $ 247)

58% less than in United StatesUnited States Average price in United States: $ 496
Hotel/Youth Hostel
Hotel/Youth Hostel
$ 55/month
($ 46 to $ 69)

54% less than in United StatesUnited States Average price in United States: $ 122
Room with kitchen
Room with kitchen
$ 120/month
($ 71 to $ 186)

26% less than in United StatesUnited States Average price in United States: $ 163
Hotel with swimming pool
Hotel with swimming pool
$ 118/month
($ 82 to $ 164)

29% less than in United StatesUnited States Average price in United States: $ 167
Gîte ou maison d'hôte
Gîte ou maison d'hôte
$ 60/month
($ 44 to $ 79)

71% less than in United StatesUnited States Average price in United States: $ 211

Supermarket food budget in Panama

On average, the price of supermarket food in Panama costs 17% less than in United States.
Milk
Milk
$ 1.6/litre
($ 1.3 to $ 1.8)

80% more than United StatesUnited States Average price in United States: $ 0.9
Bread
Bread
$ 2/500g
($ 1.1 to $ 2.6)

26% less than in United StatesUnited States Average price in United States: $ 2.7
Rice
Rice
$ 1.6/kg
($ 1 to $ 2.3)

62% less than in United StatesUnited States Average price in United States: $ 4.1
Eggs
Eggs
$ 2.2/12 eggs
($ 1.9 to $ 2.6)

13% less than in United StatesUnited States Average price in United States: $ 2.4
Cheese
Cheese
$ 8.7/kg
($ 4.7 to $ 16)

22% less than in United StatesUnited States Average price in United States: $ 12
Chicken
Chicken
$ 6.5/kg
($ 4.8 to $ 9.4)

28% less than in United StatesUnited States Average price in United States: $ 9
Apples
Apples
$ 3.6/kg
($ 2.6 to $ 5.3)

23% less than in United StatesUnited States Average price in United States: $ 4.6
Oranges
Oranges
$ 2.7/kg
($ 1.3 to $ 6.3)

33% less than in United StatesUnited States Average price in United States: $ 4.2
Tomatoes
Tomatoes
$ 2.9/kg
($ 2.2 to $ 3.9)

31% less than in United StatesUnited States Average price in United States: $ 4.2
Potatoes
Potatoes
$ 1.7/kg
($ 1.4 to $ 2.3)

38% less than in United StatesUnited States Average price in United States: $ 2.6
Salad
Salad
$ 1.9/salad
($ 1 to $ 2.7)

18% more than United StatesUnited States Average price in United States: $ 1.6
Bouteille d'eau
Bouteille d'eau
$ 1.6
($ 1.1 to $ 2.2)

16% less than in United StatesUnited States Average price in United States: $ 1.9
Joint of beef
Joint of beef
$ 9/kg
($ 5.9 to $ 15)

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

Public and private transport budget in Panama

On average, the price of transport in Panama costs 35% less than in United States.
Bus ticket
Bus ticket
$ 0.2/ticket
($ 0.2 to $ 0.4)

88% less than in United StatesUnited States Average price in United States: $ 2.4
Bus pass
Bus pass
$ 28/month
($ 20 to $ 33)

65% less than in United StatesUnited States Average price in United States: $ 76
Taxi (per km)
Taxi (per km)
$ 2.2/km
($ 1.6 to $ 3.1)

19% more than United StatesUnited States Average price in United States: $ 1.8
Petrol
Petrol
$ 0.8/litre
($ 0.7 to $ 1)

10% more than United StatesUnited States Average price in United States: $ 0.8
Taxi (initial pick-up charge)
Taxi (initial pick-up charge)
$ 2.2
($ 1.3 to $ 3.1)

38% less than in United StatesUnited States Average price in United States: $ 3.4
Car hire
Car hire
$ 21/24hrs
($ 11 to $ 78)

48% less than in United StatesUnited States Average price in United States: $ 40

Budget for living and housing in Panama

On average, the cost of housing in Panama costs 28% less than in United States.
Electricity, water...
Electricity, water...
$ 88/month
($ 48 to $ 159)

46% less than in United StatesUnited States Average price in United States: $ 162
Mobile phone
Mobile phone
$ 0.1/min.
($ 0.1 to $ 0.2)

23% more than United StatesUnited States Average price in United States: $ 0.1
Broadband internet
Broadband internet
$ 52/month
($ 33 to $ 81)

23% less than in United StatesUnited States Average price in United States: $ 67
Studio flat (city centre)
Studio flat (city centre)
$ 866/month
($ 527 to $ 1317)

35% less than in United StatesUnited States Average price in United States: $ 1342
Studio flat (suburbs)
Studio flat (suburbs)
$ 567/month
($ 370 to $ 897)

46% less than in United StatesUnited States Average price in United States: $ 1050
Flat (centre)
Flat (centre)
$ 1541/month
($ 949 to $ 2107)

29% less than in United StatesUnited States Average price in United States: $ 2180
Flat (suburbs)
Flat (suburbs)
$ 1066/month
($ 633 to $ 1581)

37% less than in United StatesUnited States Average price in United States: $ 1697
Gym
Gym
$ 52/month
($ 33 to $ 70)

34% more than United StatesUnited States Average price in United States: $ 39
Private nursery
Private nursery
$ 310/month
($ 186 to $ 527)

66% less than in United StatesUnited States Average price in United States: $ 929
Private primary school
Private primary school
$ 7957/yr
($ 3792 to $ 15798)

56% less than in United StatesUnited States Average price in United States: $ 18274

Leisure activity budget in Panama

On average, budget for leisure activities in Panama is essentially the same as in United States.
Cinema
Cinema
$ 6.3/ticket
($ 5.3 to $ 7.9)

50% less than in United StatesUnited States Average price in United States: $ 13
Tennis
Tennis
$ 24/hr
($ 22 to $ 38)

48% more than United StatesUnited States Average price in United States: $ 17

Budget for clothes and price of cigarettes in Panama

On average, shopping budget in Panama costs 9% less than in United States.
Cigarettes
Cigarettes
$ 5.3/pack
($ 4.8 to $ 6.3)

28% less than in United StatesUnited States Average price in United States: $ 7.4
Levi's jeans
Levi's jeans
$ 51
($ 28 to $ 75)

6% more than United StatesUnited States Average price in United States: $ 47
Robe d'été
Robe d'été
$ 41
($ 22 to $ 63)

8% more than United StatesUnited States Average price in United States: $ 38
Trainers
Trainers
$ 70
($ 48 to $ 96)

12% less than in United StatesUnited States Average price in United States: $ 79
Leather shoes
Leather shoes
$ 82
($ 48 to $ 122)

19% less than in United StatesUnited States Average price in United States: $ 101

Plane ticket budget

London → Panama City
London → Panama City
London → Panama City
$ 850
(fair price: $ 765)
New York City → Panama City
New York City → Panama City
New York City → Panama City
$ 708
(fair price: $ 603)
Los Angeles → Panama City
Los Angeles  → Panama City
Los Angeles  → Panama City
$ 830
(fair price: $ 613)
Toronto (Ontario) → Panama City
Toronto (Ontario) → Panama City
Toronto (Ontario) → Panama City
$ 582
(fair price: $ 492)

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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 20-03-2019.

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