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:

  • $ 53 for 2 ppl.
  • $ 13 per person
  • $ 1 per person
  • Free activities

Total budget:

$ 1115* (1106 PAB)

Average budget
(traveller)

Daily budget:

  • $ 107 for 2 ppl.
  • $ 26 per person
  • $ 12 per person
  • $ 6.5 per person

Total budget:

$ 2727* (2688 PAB)

High budget
(tourist)

Daily budget:

  • $ 164 for 2 ppl.
  • $ 42 per person
  • $ 33 per person
  • $ 13 per person

Total budget:

$ 4725* (4634 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 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.

Cities /Panama View Details
Panama City 4% moreTravel budget and cost of living in Panama City
Boquete 14% lessTravel budget and cost of living in Boquete
David 17% lessTravel budget and cost of living in David
Aguadulce 22% lessTravel budget and cost of living in Aguadulce
San Miguelito 28% lessTravel budget and cost of living in San Miguelito


Local prices in Panama by expense type

Panama: Restaurant budget

On average, budget for eating in a restaurant in Panama costs 29% less than in the United States (USA).
Lunch
Lunch
$ 10.3/person
($ 4.7 to $ 22)

33% less than in the United States (USA)United States Average price in the United States (USA): $ 16
3 course dinner
3 course dinner
$ 24/person
($ 13 to $ 42)

19% less than in the United States (USA)United States Average price in the United States (USA): $ 29
McDonald's meal
McDonald's meal
$ 7.2/person
($ 6.1 to $ 8.2)

12% less than in the United States (USA)United States Average price in the United States (USA): $ 8.2
Local beer
Local beer
$ 2 for 500ml
($ 1.1 to $ 5.1)

59% less than in the United States (USA)United States Average price in the United States (USA): $ 5.1
Imported beer
Imported beer
$ 2.3 for 330ml
($ 1.3 to $ 3.1)

24% less than in the United States (USA)United States Average price in the United States (USA): $ 3
Cappuccino
Cappuccino
$ 3/cup
($ 1.6 to $ 4.1)

30% less than in the United States (USA)United States Average price in the United States (USA): $ 4.3
Fizzy drink
Fizzy drink
$ 1.4/can
($ 1.1 to $ 2)

26% less than in the United States (USA)United States Average price in the United States (USA): $ 1.9
Water bottle
Water bottle
$ 1.1/bottle
($ 1.1 to $ 2)

29% less than in the United States (USA)United States Average price in the United States (USA): $ 1.6

Panama: Hotel and accommodation budget

On average, hotel and accommodation budget in Panama costs 33% less than in the United States (USA).
1-star hotel
1-star hotel
$ 66/night
($ 60 to $ 71)

39% less than in the United States (USA)United States Average price in the United States (USA): $ 109
2-star hotel
2-star hotel
$ 73/night
($ 53 to $ 95)

41% less than in the United States (USA)United States Average price in the United States (USA): $ 126
3-star hotel
3-star hotel
$ 141/night
($ 115 to $ 179)

21% less than in the United States (USA)United States Average price in the United States (USA): $ 180
4-star hotel
4-star hotel
$ 187/night
($ 143 to $ 237)

28% less than in the United States (USA)United States Average price in the United States (USA): $ 262
5-star hotel
5-star hotel
$ 210/night
($ 185 to $ 250)

58% less than in the United States (USA)United States Average price in the United States (USA): $ 510
Hotel/Youth Hostel
Hotel/Youth Hostel
$ 58/month
($ 48 to $ 70)

57% less than in the United States (USA)United States Average price in the United States (USA): $ 136
Room with kitchen
Room with kitchen
$ 121/month
($ 72 to $ 190)

28% less than in the United States (USA)United States Average price in the United States (USA): $ 169
Hotel with swimming pool
Hotel with swimming pool
$ 176/month
($ 146 to $ 213)

7% more than in the United States (USA)United States Average price in the United States (USA): $ 165
Cottage or guest house
Cottage or guest house
$ 85/month
($ 67 to $ 108)

61% less than in the United States (USA)United States Average price in the United States (USA): $ 223
Family room
Family room
$ 164/month
($ 118 to $ 226)

6% less than in the United States (USA)United States Average price in the United States (USA): $ 175

Panama: Supermarket food budget

On average, the price of supermarket food in Panama costs 12% less than in the United States (USA).
Milk
Milk
$ 1.6/litre
($ 1.3 to $ 2)

82% more than in the United States (USA)United States Average price in the United States (USA): $ 0.9
Bread
Bread
$ 2/500g
($ 1.1 to $ 3)

27% less than in the United States (USA)United States Average price in the United States (USA): $ 2.8
Rice
Rice
$ 1.9/kg
($ 1 to $ 3.8)

53% less than in the United States (USA)United States Average price in the United States (USA): $ 4.1
Eggs
Eggs
$ 2.2/12 eggs
($ 1.6 to $ 3.1)

10% less than in the United States (USA)United States Average price in the United States (USA): $ 2.4
Cheese
Cheese
$ 10.6/kg
($ 4.1 to $ 45)

6% less than in the United States (USA)United States Average price in the United States (USA): $ 12
Chicken
Chicken
$ 7.8/kg
($ 5.5 to $ 11)

15% less than in the United States (USA)United States Average price in the United States (USA): $ 9.1
Apples
Apples
$ 3.6/kg
($ 1.6 to $ 5.6)

24% less than in the United States (USA)United States Average price in the United States (USA): $ 4.7
Oranges
Oranges
$ 2.7/kg
($ 1.1 to $ 6.1)

34% less than in the United States (USA)United States Average price in the United States (USA): $ 4.1
Tomatoes
Tomatoes
$ 2.9/kg
($ 1.6 to $ 5.1)

36% less than in the United States (USA)United States Average price in the United States (USA): $ 4.4
Potatoes
Potatoes
$ 2.2/kg
($ 1 to $ 3.1)

19% less than in the United States (USA)United States Average price in the United States (USA): $ 2.7
Salad
Salad
$ 1.8/salad
($ 0.8 to $ 2.6)

10% more than in the United States (USA)United States Average price in the United States (USA): $ 1.7
Water bottle
Water bottle
$ 1.6
($ 1.1 to $ 2)

17% less than in the United States (USA)United States Average price in the United States (USA): $ 1.9
Joint of beef
Joint of beef
$ 11/kg
($ 3.9 to $ 22)

14% less than in the United States (USA)United States Average price in the United States (USA): $ 13

Panama: Public and private transport budget

On average, the price of transport in Panama costs 34% less than in the United States (USA).
Bus ticket
Bus ticket
$ 0.2/ticket
($ 0.2 to $ 0.4)

89% less than in the United States (USA)United States Average price in the United States (USA): $ 2.4
Bus pass
Bus pass
$ 27/month
($ 16 to $ 63)

65% less than in the United States (USA)United States Average price in the United States (USA): $ 75
Taxi (per km)
Taxi (per km)
$ 2/km
($ 1.8 to $ 3.1)

20% more than in the United States (USA)United States Average price in the United States (USA): $ 1.7
Petrol
Petrol
$ 0.8/litre
($ 0.7 to $ 1)

16% more than in the United States (USA)United States Average price in the United States (USA): $ 0.7
Taxi (initial pick-up charge)
Taxi (initial pick-up charge)
$ 2.2
($ 1.6 to $ 3.1)

34% less than in the United States (USA)United States Average price in the United States (USA): $ 3.3
Car hire
Car hire
$ 20/24hrs
($ 11 to $ 78)

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

Panama: Budget for living and housing

On average, the cost of housing in Panama costs 37% less than in the United States (USA).
Electricity, water...
Electricity, water...
$ 101/month
($ 58 to $ 175)

39% less than in the United States (USA)United States Average price in the United States (USA): $ 165
Mobile phone
Mobile phone
$ 0.1/min.
($ 0.1 to $ 0.2)

0% less than in the United States (USA)United States Average price in the United States (USA): $ 0.1
Broadband internet
Broadband internet
$ 48/month
($ 35 to $ 78)

28% less than in the United States (USA)United States Average price in the United States (USA): $ 67
Studio flat (city centre)
Studio flat (city centre)
$ 797/month
($ 513 to $ 1230)

42% less than in the United States (USA)United States Average price in the United States (USA): $ 1391
Studio flat (suburbs)
Studio flat (suburbs)
$ 533/month
($ 309 to $ 820)

52% less than in the United States (USA)United States Average price in the United States (USA): $ 1112
Flat (centre)
Flat (centre)
$ 1493/month
($ 1025 to $ 2254)

33% less than in the United States (USA)United States Average price in the United States (USA): $ 2230
Flat (suburbs)
Flat (suburbs)
$ 966/month
($ 616 to $ 1537)

45% less than in the United States (USA)United States Average price in the United States (USA): $ 1762
Gym
Gym
$ 49/month
($ 22 to $ 72)

28% more than in the United States (USA)United States Average price in the United States (USA): $ 39
Private nursery
Private nursery
$ 294/month
($ 124 to $ 513)

69% less than in the United States (USA)United States Average price in the United States (USA): $ 964
Private primary school
Private primary school
$ 8176/yr
($ 3073 to $ 18029)

51% less than in the United States (USA)United States Average price in the United States (USA): $ 16769

Panama: Leisure activity budget

On average, budget for leisure activities in Panama is essentially the same as in the United States (USA).
Cinema
Cinema
$ 6.5/ticket
($ 5.1 to $ 10.3)

47% less than in the United States (USA)United States Average price in the United States (USA): $ 13
Tennis
Tennis
$ 26/hr
($ 10.3 to $ 36)

52% more than in the United States (USA)United States Average price in the United States (USA): $ 17

Panama: Budget for clothes and price of cigarettes

On average, shopping budget in Panama costs 8% less than in the United States (USA).
Cigarettes
Cigarettes
$ 5.9/pack
($ 5.1 to $ 8.2)

27% less than in the United States (USA)United States Average price in the United States (USA): $ 8.2
Levi's jeans
Levi's jeans
$ 47
($ 26 to $ 78)

1% more than in the United States (USA)United States Average price in the United States (USA): $ 46
Summer dress
Summer dress
$ 40
($ 22 to $ 72)

7% more than in the United States (USA)United States Average price in the United States (USA): $ 38
Trainers
Trainers
$ 70
($ 42 to $ 94)

11% less than in the United States (USA)United States Average price in the United States (USA): $ 78
Leather shoes
Leather shoes
$ 91
($ 47 to $ 130)

8% less than in the United States (USA)United States Average price in the United States (USA): $ 100

Plane ticket budget

New York City → Panama City
New York City → Panama City
New York City → Panama City
$ 645
(fair price: $ 515)
London → Panama City
London → Panama City
London → Panama City
$ 815
(fair price: $ 709)
Los Angeles → Panama City
Los Angeles  → Panama City
Los Angeles  → Panama City
$ 716
(fair price: $ 562)
Toronto (Ontario) → Panama City
Toronto (Ontario) → Panama City
Toronto (Ontario) → Panama City
$ 579
(fair price: $ 508)
Montreal → Panama City
Montreal → Panama City
Montreal → Panama City
$ 636
(fair price: $ 525)
Manchester → Panama City
Manchester → Panama City
Manchester → Panama City
$ 936
(fair price: $ 782)
Dublin → Panama City
Dublin → Panama City
Dublin → Panama City
$ 985
(fair price: $ 848)
Sydney → Panama City
Sydney → Panama City
Sydney → Panama City
$ 1783
(fair price: $ 1569)
Edinburgh → Panama City
Edinburgh → Panama City
Edinburgh → Panama City
$ 922
(fair price: $ 789)
Melbourne → Panama City
Melbourne → Panama City
Melbourne → Panama City
$ 1690
(fair price: $ 1487)

Recommended for you:


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 29-09-2020.

Change currency