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 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% more	Travel budget and cost of living in Panama City
David	39% less	Travel budget and cost of living in David
Boquete	36% less	Travel budget and cost of living in Boquete
Aguadulce	43% less	Travel budget and cost of living in Aguadulce
San Miguelito	47% less	Travel budget and cost of living in San Miguelito

Local prices in Panama by expense type

Restaurant budget in Panama

Lunch

$ 8.5/person
($ 5.3 to $ 10.5)

---

43% less than in United States Average price in United States: $ 15

3 course dinner

$ 22/person
($ 15 to $ 35)

---

23% less than in United States Average price in United States: $ 28

McDonald's meal

$ 6.8/person
($ 5.3 to $ 7.9)

---

7% less than in United States Average price in United States: $ 7.4

Local beer

$ 2.2 for 500ml
($ 1.1 to $ 3.1)

---

50% less than in United States Average price in United States: $ 4.2

Imported beer

$ 2.4 for 330ml
($ 1.3 to $ 3.7)

---

20% less than in United States Average price in United States: $ 3.1

Cappuccino

$ 2.9/cup
($ 1.6 to $ 3.9)

---

32% less than in United States Average price in United States: $ 4.2

Fizzy drink

$ 1.3/can
($ 0.8 to $ 2.2)

---

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

Bouteille d'eau

$ 1.1/bottle
($ 0.8 to $ 2.2)

---

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

Hotel and accommodation budget in Panama

1-star hotel

$ 59/night
($ 53 to $ 65)

---

44% less than in United States Average price in United States: $ 107

2-star hotel

$ 70/night
($ 48 to $ 94)

---

42% less than in United States Average price in United States: $ 120

3-star hotel

$ 136/night
($ 108 to $ 174)

---

22% less than in United States Average price in United States: $ 175

4-star hotel

$ 208/night
($ 144 to $ 278)

---

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

5-star hotel

$ 208/night
($ 182 to $ 247)

---

58% less than in United States Average price in United States: $ 496

Hotel/Youth Hostel

$ 55/month
($ 46 to $ 69)

---

54% less than in United States Average price in United States: $ 122

Room with kitchen

$ 120/month
($ 71 to $ 186)

---

26% less than in United States Average price in United States: $ 163

Hotel with swimming pool

$ 118/month
($ 82 to $ 164)

---

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

Gîte ou maison d'hôte

$ 60/month
($ 44 to $ 79)

---

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

Supermarket food budget in Panama

Milk

$ 1.6/litre
($ 1.3 to $ 1.8)

---

80% more than United States Average price in United States: $ 0.9

Bread

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

---

26% less than in United States Average price in United States: $ 2.7

Rice

$ 1.6/kg
($ 1 to $ 2.3)

---

62% less than in United States Average price in United States: $ 4.1

Eggs

$ 2.2/12 eggs
($ 1.9 to $ 2.6)

---

13% less than in United States Average price in United States: $ 2.4

Cheese

$ 8.7/kg
($ 4.7 to $ 16)

---

22% less than in United States Average price in United States: $ 12

Chicken

$ 6.5/kg
($ 4.8 to $ 9.4)

---

28% less than in United States Average price in United States: $ 9

Apples

$ 3.6/kg
($ 2.6 to $ 5.3)

---

23% less than in United States Average price in United States: $ 4.6

Oranges

$ 2.7/kg
($ 1.3 to $ 6.3)

---

33% less than in United States Average price in United States: $ 4.2

Tomatoes

$ 2.9/kg
($ 2.2 to $ 3.9)

---

31% less than in United States Average price in United States: $ 4.2

Potatoes

$ 1.7/kg
($ 1.4 to $ 2.3)

---

38% less than in United States Average price in United States: $ 2.6

Salad

$ 1.9/salad
($ 1 to $ 2.7)

---

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

Bouteille d'eau

$ 1.6
($ 1.1 to $ 2.2)

---

16% less than in United States Average price in United States: $ 1.9

Joint of beef

$ 9/kg
($ 5.9 to $ 15)

---

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)

---

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

Bus pass

$ 28/month
($ 20 to $ 33)

---

65% less than in United States Average price in United States: $ 76

Taxi (per km)

$ 2.2/km
($ 1.6 to $ 3.1)

---

19% more than United States Average price in United States: $ 1.8

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 $ 3.1)

---

38% less than in United States Average price in United States: $ 3.4

Car hire

$ 21/24hrs
($ 11 to $ 78)

---

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

Budget for living and housing in Panama

Electricity, water...

$ 88/month
($ 48 to $ 159)

---

46% less than in United States Average price in United States: $ 162

Mobile phone

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

---

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

Broadband internet

$ 52/month
($ 33 to $ 81)

---

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

Studio flat (city centre)

$ 866/month
($ 527 to $ 1317)

---

35% less than in United States Average price in United States: $ 1342

Studio flat (suburbs)

$ 567/month
($ 370 to $ 897)

---

46% less than in United States Average price in United States: $ 1050

Flat (centre)

$ 1541/month
($ 949 to $ 2107)

---

29% less than in United States Average price in United States: $ 2180

Flat (suburbs)

$ 1066/month
($ 633 to $ 1581)

---

37% less than in United States Average price in United States: $ 1697

Gym

$ 52/month
($ 33 to $ 70)

---

34% more than United States Average price in United States: $ 39

Private nursery

$ 310/month
($ 186 to $ 527)

---

66% less than in United States Average price in United States: $ 929

Private primary school

$ 7957/yr
($ 3792 to $ 15798)

---

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

Leisure activity budget in Panama

Cinema

$ 6.3/ticket
($ 5.3 to $ 7.9)

---

50% less than in United States Average price in United States: $ 13

Tennis

$ 24/hr
($ 22 to $ 38)

---

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

Budget for clothes and price of cigarettes in Panama

Cigarettes

$ 5.3/pack
($ 4.8 to $ 6.3)

---

28% less than in United States Average price in United States: $ 7.4

Levi's jeans

$ 51
($ 28 to $ 75)

---

6% more than United States Average price in United States: $ 47

Robe d'été

$ 41
($ 22 to $ 63)

---

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

Trainers

$ 70
($ 48 to $ 96)

---

12% less than in United States Average price in United States: $ 79

Leather shoes

$ 82
($ 48 to $ 122)

---

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

Plane ticket budget

London → Panama City

$ 850
(fair price: $ 765)

New York City → Panama City

$ 708
(fair price: $ 603)

Los Angeles → Panama City

$ 830
(fair price: $ 613)

Toronto (Ontario) → Panama City

$ 582
(fair price: $ 492)

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