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 essentially the same as in 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.

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

Depart on:

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

Restaurant budget in Panama

Lunch

$ 11/person
($ 5.4 to $ 17)

---

33% less than in United States Average price in United States: $ 17

3 course dinner

$ 23/person
($ 16 to $ 36)

---

21% less than in United States Average price in United States: $ 28

McDonald's meal

$ 7.5/person
($ 5.4 to $ 8.7)

---

0% less than in United States Average price in United States: $ 7.6

Local beer

$ 2.2 for 500ml
($ 1.3 to $ 4.3)

---

55% less than in United States Average price in United States: $ 4.9

Imported beer

$ 2.6 for 330ml
($ 1.9 to $ 3.8)

---

15% less than in United States Average price in United States: $ 3.1

Cappuccino

$ 3/cup
($ 2.2 to $ 4.3)

---

33% less than in United States Average price in United States: $ 4.4

Fizzy drink

$ 1.4/can
($ 1 to $ 2.2)

---

29% less than in United States Average price in United States: $ 2

Water bottle

$ 1.1/bottle
($ 0.8 to $ 1.7)

---

31% less than in United States Average price in United States: $ 1.6

Hotel and accommodation budget in Panama

1-star hotel

$ 61/night
($ 54 to $ 67)

---

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

$ 205/night
($ 141 to $ 273)

---

20% less than in United States Average price in United States: $ 259

5-star hotel

$ 210/night
($ 182 to $ 251)

---

58% less than in United States Average price in United States: $ 499

Hotel/Youth Hostel

$ 57/month
($ 47 to $ 70)

---

57% less than in United States Average price in United States: $ 133

Room with kitchen

$ 119/month
($ 70 to $ 187)

---

27% less than in United States Average price in United States: $ 164

Hotel with swimming pool

$ 118/month
($ 83 to $ 163)

---

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

Cottage or guest house

$ 61/month
($ 44 to $ 83)

---

71% less than in United States Average price in United States: $ 217

Family room

$ 163/month
($ 115 to $ 226)

---

7% less than in United States Average price in United States: $ 176

Supermarket food budget in Panama

Milk

$ 1.7/litre
($ 1.3 to $ 1.9)

---

81% more than United States Average price in United States: $ 0.9

Bread

$ 2/500g
($ 1.1 to $ 2.7)

---

27% less than in United States Average price in United States: $ 2.8

Rice

$ 1.7/kg
($ 1 to $ 2.7)

---

60% less than in United States Average price in United States: $ 4.2

Eggs

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

---

10% less than in United States Average price in United States: $ 2.5

Cheese

$ 10.2/kg
($ 4.8 to $ 17)

---

10% less than in United States Average price in United States: $ 12

Chicken

$ 7.2/kg
($ 4.9 to $ 11)

---

23% less than in United States Average price in United States: $ 9.3

Apples

$ 3.6/kg
($ 2.4 to $ 5.4)

---

25% less than in United States Average price in United States: $ 4.9

Oranges

$ 3/kg
($ 1.1 to $ 4.3)

---

31% less than in United States Average price in United States: $ 4.4

Tomatoes

$ 3/kg
($ 2 to $ 4.1)

---

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

Potatoes

$ 1.8/kg
($ 1.2 to $ 2.7)

---

34% less than in United States Average price in United States: $ 2.8

Salad

$ 1.9/salad
($ 1.1 to $ 2.7)

---

16% more than United States Average price in United States: $ 1.7

Water bottle

$ 1.7
($ 1.3 to $ 2.2)

---

11% less than in United States Average price in United States: $ 1.9

Joint of beef

$ 9.7/kg
($ 6.5 to $ 17)

---

22% 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)

---

88% less than in United States Average price in United States: $ 2.4

Bus pass

$ 34/month
($ 20 to $ 39)

---

57% less than in United States Average price in United States: $ 77

Taxi (per km)

$ 2.2/km
($ 1.7 to $ 3.2)

---

17% more than United States Average price in United States: $ 1.9

Petrol

$ 0.8/litre
($ 0.7 to $ 1)

---

10% more than United States Average price in United States: $ 0.8

Taxi (initial pick-up charge)

$ 2.2
($ 1.3 to $ 3.2)

---

41% less than in United States Average price in United States: $ 3.7

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...

$ 106/month
($ 66 to $ 186)

---

37% less than in United States Average price in United States: $ 167

Mobile phone

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

---

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

Broadband internet

$ 49/month
($ 34 to $ 77)

---

29% less than in United States Average price in United States: $ 69

Studio flat (city centre)

$ 873/month
($ 542 to $ 1301)

---

37% less than in United States Average price in United States: $ 1395

Studio flat (suburbs)

$ 579/month
($ 326 to $ 867)

---

47% less than in United States Average price in United States: $ 1106

Flat (centre)

$ 1489/month
($ 976 to $ 2166)

---

34% less than in United States Average price in United States: $ 2268

Flat (suburbs)

$ 1044/month
($ 651 to $ 1517)

---

41% less than in United States Average price in United States: $ 1775

Gym

$ 48/month
($ 28 to $ 66)

---

21% more than United States Average price in United States: $ 40

Private nursery

$ 279/month
($ 109 to $ 542)

---

71% less than in United States Average price in United States: $ 962

Private primary school

$ 7166/yr
($ 2924 to $ 17321)

---

61% less than in United States Average price in United States: $ 18513

Leisure activity budget in Panama

Cinema

$ 6.5/ticket
($ 5.4 to $ 8.1)

---

50% less than in United States Average price in United States: $ 14

Tennis

$ 28/hr
($ 11 to $ 49)

---

66% more than United States Average price in United States: $ 17

Budget for clothes and price of cigarettes in Panama

Cigarettes

$ 5.4/pack
($ 4.9 to $ 6.5)

---

33% less than in United States Average price in United States: $ 8.1

Levi's jeans

$ 52
($ 28 to $ 77)

---

6% more than United States Average price in United States: $ 48

Summer dress

$ 39
($ 23 to $ 55)

---

1% less than in United States Average price in United States: $ 39

Trainers

$ 72
($ 55 to $ 98)

---

11% less than in United States Average price in United States: $ 81

Leather shoes

$ 87
($ 52 to $ 131)

---

16% less than in United States Average price in United States: $ 103

Plane ticket budget

London → Panama City

$ 843
(fair price: $ 744)

New York City → Panama City

$ 625
(fair price: $ 524)

Montreal → Panama City

$ 619
(fair price: $ 506)

Los Angeles → Panama City

$ 634
(fair price: $ 551)

Toronto (Ontario) → Panama City

$ 537
(fair price: $ 488)

Manchester → Panama City

$ 967
(fair price: $ 808)

Dublin → Panama City

$ 1008
(fair price: $ 846)

Edinburgh → Panama City

$ 954
(fair price: $ 817)

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