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 2020

Cost of living: Panama VS United States

On average, the cost of living in Panama in 2020 is essentially the same as 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.

Panama: get the best price!

from choose a departure cityPrague-----FrankfurtBerlinMunichZurichViennaDusseldorf-----LondonDublinManchesterEdinburghLos Angeles New York CityMontrealToronto (Ontario)SydneyMelbournePerthAuckland-----MadridBarcelona-----ParisNantesMarseilleBordeauxBrusselsGenevaLyonToulouseNice-----Athens-----Budapest-----RomeMilan-----Amsterdam-----Warsaw-----LisbonRio de JaneiroBrasilia-----Bucharest-----StockholmCopenhagenOsloHelsinki-----Bangkok

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Departure city:

ParisNantesMarseilleBordeauxBrusselsGenevaLyonToulouseNiceLondonMadridBarcelonaRomeFrankfurtBerlinMilanMunichDublinZurichAmsterdamStockholmManchesterEdinburghLisbonCopenhagenOsloViennaDusseldorfAthensWarsawPragueHelsinkiBudapestBucharestLos Angeles New York CityMontrealToronto (Ontario)Rio de JaneiroBrasiliaSydneyMelbournePerthAucklandBangkok

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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Babies (under 2):

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Local prices in Panama by expense type

Panama: Restaurant budget

Lunch

$ 10.2/person
($ 5.4 to $ 17)

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36% less than in the United States (USA) Average price in the United States (USA): $ 17

3 course dinner

$ 20/person
($ 16 to $ 30)

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31% less than in the United States (USA) Average price in the United States (USA): $ 28

McDonald's meal

$ 7.5/person
($ 5.4 to $ 8.6)

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6% less than in the United States (USA) Average price in the United States (USA): $ 8

Local beer

$ 2.2 for 500ml
($ 1.7 to $ 4.3)

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55% less than in the United States (USA) Average price in the United States (USA): $ 4.8

Imported beer

$ 2.5 for 330ml
($ 1.9 to $ 3.8)

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15% less than in the United States (USA) Average price in the United States (USA): $ 3

Cappuccino

$ 3/cup
($ 2.2 to $ 4.3)

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32% less than in the United States (USA) Average price in the United States (USA): $ 4.4

Fizzy drink

$ 1.3/can
($ 1 to $ 2.2)

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30% less than in the United States (USA) Average price in the United States (USA): $ 1.9

Water bottle

$ 1.1/bottle
($ 1.1 to $ 1.7)

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31% less than in the United States (USA) Average price in the United States (USA): $ 1.6

Panama: Hotel and accommodation budget

1-star hotel

$ 64/night
($ 58 to $ 70)

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41% less than in the United States (USA) Average price in the United States (USA): $ 108

2-star hotel

$ 72/night
($ 52 to $ 95)

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42% less than in the United States (USA) Average price in the United States (USA): $ 125

3-star hotel

$ 141/night
($ 114 to $ 185)

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21% less than in the United States (USA) Average price in the United States (USA): $ 180

4-star hotel

$ 201/night
($ 141 to $ 267)

---

22% less than in the United States (USA) Average price in the United States (USA): $ 261

5-star hotel

$ 211/night
($ 183 to $ 253)

---

58% less than in the United States (USA) Average price in the United States (USA): $ 504

Hotel/Youth Hostel

$ 58/month
($ 48 to $ 70)

---

56% less than in the United States (USA) Average price in the United States (USA): $ 133

Room with kitchen

$ 133/month
($ 73 to $ 242)

---

21% less than in the United States (USA) Average price in the United States (USA): $ 169

Hotel with swimming pool

$ 119/month
($ 84 to $ 167)

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28% less than in the United States (USA) Average price in the United States (USA): $ 167

Cottage or guest house

$ 90/month
($ 65 to $ 144)

---

59% less than in the United States (USA) Average price in the United States (USA): $ 223

Family room

$ 164/month
($ 115 to $ 231)

---

6% less than in the United States (USA) Average price in the United States (USA): $ 176

Panama: Supermarket food budget

Milk

$ 1.7/litre
($ 1.3 to $ 1.9)

---

84% more than in the United States (USA) Average price in the United States (USA): $ 0.9

Bread

$ 2.2/500g
($ 1.1 to $ 2.7)

---

25% less than in the United States (USA) Average price in the United States (USA): $ 2.8

Rice

$ 1.8/kg
($ 1 to $ 2.7)

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56% less than in the United States (USA) Average price in the United States (USA): $ 4.1

Eggs

$ 2.3/12 eggs
($ 1.9 to $ 3)

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9% less than in the United States (USA) Average price in the United States (USA): $ 2.4

Cheese

$ 12/kg
($ 5.4 to $ 22)

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4% more than in the United States (USA) Average price in the United States (USA): $ 12

Chicken

$ 7.6/kg
($ 5.4 to $ 11)

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16% less than in the United States (USA) Average price in the United States (USA): $ 9.1

Apples

$ 3.6/kg
($ 2.4 to $ 4.3)

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26% less than in the United States (USA) Average price in the United States (USA): $ 4.8

Oranges

$ 2.9/kg
($ 1.7 to $ 4.3)

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33% less than in the United States (USA) Average price in the United States (USA): $ 4.3

Tomatoes

$ 2.9/kg
($ 2 to $ 4.1)

---

32% less than in the United States (USA) Average price in the United States (USA): $ 4.3

Potatoes

$ 1.9/kg
($ 1.2 to $ 2.7)

---

30% less than in the United States (USA) Average price in the United States (USA): $ 2.8

Salad

$ 2/salad
($ 1.1 to $ 2.7)

---

25% more than in the United States (USA) Average price in the United States (USA): $ 1.7

Water bottle

$ 1.7
($ 1.3 to $ 2.2)

---

11% less than in the United States (USA) Average price in the United States (USA): $ 1.9

Joint of beef

$ 10/kg
($ 6.5 to $ 17)

---

18% less than in the United States (USA) Average price in the United States (USA): $ 13

Panama: Public and private transport budget

Bus ticket

$ 0.2/ticket
($ 0.2 to $ 0.4)

---

89% less than in the United States (USA) Average price in the United States (USA): $ 2.4

Bus pass

$ 28/month
($ 20 to $ 34)

---

64% less than in the United States (USA) Average price in the United States (USA): $ 76

Taxi (per km)

$ 2.2/km
($ 1.8 to $ 3.2)

---

18% more than in the United States (USA) Average price in the United States (USA): $ 1.8

Petrol

$ 0.8/litre
($ 0.7 to $ 1)

---

11% more than in the United States (USA) Average price in the United States (USA): $ 0.8

Taxi (initial pick-up charge)

$ 2.2
($ 1.7 to $ 3.2)

---

42% less than in the United States (USA) Average price in the United States (USA): $ 3.8

Car hire

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

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

Panama: Budget for living and housing

Electricity, water...

$ 101/month
($ 54 to $ 183)

---

39% less than in the United States (USA) Average price in the United States (USA): $ 164

Mobile phone

$ 0.1/min.
($ 0.1 to $ 0.2)

---

10% more than in the United States (USA) Average price in the United States (USA): $ 0.1

Broadband internet

$ 48/month
($ 33 to $ 76)

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31% less than in the United States (USA) Average price in the United States (USA): $ 69

Studio flat (city centre)

$ 868/month
($ 538 to $ 1291)

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37% less than in the United States (USA) Average price in the United States (USA): $ 1391

Studio flat (suburbs)

$ 581/month
($ 377 to $ 861)

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47% less than in the United States (USA) Average price in the United States (USA): $ 1111

Flat (centre)

$ 1502/month
($ 968 to $ 2150)

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33% less than in the United States (USA) Average price in the United States (USA): $ 2242

Flat (suburbs)

$ 1058/month
($ 646 to $ 1612)

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40% less than in the United States (USA) Average price in the United States (USA): $ 1763

Gym

$ 47/month
($ 28 to $ 65)

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18% more than in the United States (USA) Average price in the United States (USA): $ 40

Private nursery

$ 265/month
($ 108 to $ 538)

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72% less than in the United States (USA) Average price in the United States (USA): $ 971

Private primary school

$ 6624/yr
($ 2687 to $ 17192)

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61% less than in the United States (USA) Average price in the United States (USA): $ 17203

Panama: Leisure activity budget

Cinema

$ 6.5/ticket
($ 4.9 to $ 7.5)

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49% less than in the United States (USA) Average price in the United States (USA): $ 13

Tennis

$ 28/hr
($ 11 to $ 49)

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65% more than in the United States (USA) Average price in the United States (USA): $ 17

Panama: Budget for clothes and price of cigarettes

Cigarettes

$ 5.4/pack
($ 5.1 to $ 6.5)

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33% less than in the United States (USA) Average price in the United States (USA): $ 8

Levi's jeans

$ 49
($ 33 to $ 76)

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6% more than in the United States (USA) Average price in the United States (USA): $ 47

Summer dress

$ 39
($ 28 to $ 54)

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1% less than in the United States (USA) Average price in the United States (USA): $ 39

Trainers

$ 71
($ 44 to $ 97)

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12% less than in the United States (USA) Average price in the United States (USA): $ 81

Leather shoes

$ 89
($ 54 to $ 130)

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13% less than in the United States (USA) Average price in the United States (USA): $ 102

Plane ticket budget

London → Panama City

$ 837
(fair price: $ 743)

New York City → Panama City

$ 622
(fair price: $ 514)

Montreal → Panama City

$ 618
(fair price: $ 518)

Los Angeles → Panama City

$ 643
(fair price: $ 553)

Toronto (Ontario) → Panama City

$ 553
(fair price: $ 496)

Manchester → Panama City

$ 968
(fair price: $ 811)

Dublin → Panama City

$ 998
(fair price: $ 854)

Sydney → Panama City

$ 1832
(fair price: $ 1626)

Edinburgh → Panama City

$ 960
(fair price: $ 818)

Melbourne → Panama City

$ 1743
(fair price: $ 1536)

Tours and organised trips in Panama

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