Panama City travel budget

Panama City: calculate your travel budget

Sample budgets for a trip to Panama City

These example budgets assume a 2-week holiday in Panama City for 2 people.

Low budget
(backpacker)

Daily budget:

  • $ 33 for 2 ppl.
  • $ 14 per person
  • $ 1 per person
  • Free activities

Total budget:

$ 863* (854 PAB)

Average budget
(traveller)

Daily budget:

  • $ 57 for 2 ppl.
  • $ 28 per person
  • $ 13 per person
  • $ 7 per person

Total budget:

$ 2127* (2114 PAB)

High budget
(tourist)

Daily budget:

  • $ 99 for 2 ppl.
  • $ 47 per person
  • $ 34 per person
  • $ 15 per person

Total budget:

$ 4017* (3976 PAB)

* estimated local budget for 2 people for 2 weeks (excluding plane tickets).


Cost of living in Panama City compared to Panama in 2020

On average, the cost of living in Panama City in 2020 is 17% less than the average cost of living in the United States (USA).

See the graphic below for the price variation percentage by type of expense in Panama City in 2020 compared to average prices in the United States (USA):



Local prices in Panama City by expense type

Restaurant budget in Panama City

On average, budget for eating in a restaurant in Panama City is 19% cheaper than in the United States (USA).
Lunch
Lunch
$ 11/person
($ 5.4 to $ 17)

28% less than in the United States (USA)United States Average price in the United States (USA): $ 16
3 course dinner
3 course dinner
$ 26/person
($ 17 to $ 39)

15% less than in the United States (USA)United States Average price in the United States (USA): $ 29
McDonald's meal
McDonald's meal
$ 7.5/person
($ 6.5 to $ 11)

6% less than in the United States (USA)United States Average price in the United States (USA): $ 8.1
Local beer
Local beer
$ 3.1 for 500ml
($ 2.2 to $ 5.4)

38% less than in the United States (USA)United States Average price in the United States (USA): $ 5.1
Imported beer
Imported beer
$ 2.9 for 330ml
($ 2.2 to $ 4.9)

2% less than in the United States (USA)United States Average price in the United States (USA): $ 3
Cappuccino
Cappuccino
$ 3.2/cup
($ 2.2 to $ 4.3)

24% less than in the United States (USA)United States Average price in the United States (USA): $ 4.3
Fizzy drink
Fizzy drink
$ 1.6/can
($ 1.1 to $ 2.2)

21% less than in the United States (USA)United States Average price in the United States (USA): $ 1.9
Water bottle
Water bottle
$ 1.2/bottle
($ 1.1 to $ 2.2)

20% less than in the United States (USA)United States Average price in the United States (USA): $ 1.6

Hotel and accommodation budget in Panama City

On average, hotel and accommodation budget in Panama City is 53% cheaper than in the United States (USA).
1-star hotel
1-star hotel
$ 49/night
($ 48 to $ 51)

54% less than in the United States (USA)United States Average price in the United States (USA): $ 109
2-star hotel
2-star hotel
$ 42/night
($ 29 to $ 63)

66% less than in the United States (USA)United States Average price in the United States (USA): $ 126
3-star hotel
3-star hotel
$ 72/night
($ 44 to $ 115)

60% less than in the United States (USA)United States Average price in the United States (USA): $ 180
4-star hotel
4-star hotel
$ 126/night
($ 83 to $ 186)

52% less than in the United States (USA)United States Average price in the United States (USA): $ 262
5-star hotel
5-star hotel
$ 195/night
($ 162 to $ 242)

61% less than in the United States (USA)United States Average price in the United States (USA): $ 510
Hotel/Youth Hostel
Hotel/Youth Hostel
$ 40/month
($ 27 to $ 54)

70% less than in the United States (USA)United States Average price in the United States (USA): $ 136
Room with kitchen
Room with kitchen
$ 107/month
($ 59 to $ 177)

36% 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
$ 97/month
($ 54 to $ 153)

41% less than in the United States (USA)United States Average price in the United States (USA): $ 165
Cottage or guest house
Cottage or guest house
$ 63/month
($ 42 to $ 85)

72% less than in the United States (USA)United States Average price in the United States (USA): $ 223
Family room
Family room
$ 139/month
($ 85 to $ 214)

20% less than in the United States (USA)United States Average price in the United States (USA): $ 175

Supermarket food budget in Panama City

On average, the price of supermarket food in Panama City is essentially the same as in the United States (USA).
Milk
Milk
$ 1.7/litre
($ 1.3 to $ 1.9)

94% more than in the United States (USA)United States Average price in the United States (USA): $ 0.9
Bread
Bread
$ 2.3/500g
($ 1 to $ 3.2)

18% less than in the United States (USA)United States Average price in the United States (USA): $ 2.7
Rice
Rice
$ 1.8/kg
($ 0.6 to $ 3.2)

56% less than in the United States (USA)United States Average price in the United States (USA): $ 4.1
Eggs
Eggs
$ 2.4/12 eggs
($ 1.7 to $ 4.3)

1% more than in the United States (USA)United States Average price in the United States (USA): $ 2.4
Cheese
Cheese
$ 14/kg
($ 4.8 to $ 23)

22% more than in the United States (USA)United States Average price in the United States (USA): $ 12
Chicken
Chicken
$ 7.8/kg
($ 5.4 to $ 11)

15% less than in the United States (USA)United States Average price in the United States (USA): $ 9.2
Apples
Apples
$ 3.9/kg
($ 2.4 to $ 5.4)

15% less than in the United States (USA)United States Average price in the United States (USA): $ 4.6
Oranges
Oranges
$ 3.1/kg
($ 1.7 to $ 4.3)

24% less than in the United States (USA)United States Average price in the United States (USA): $ 4.1
Tomatoes
Tomatoes
$ 3.3/kg
($ 1.7 to $ 5.4)

24% less than in the United States (USA)United States Average price in the United States (USA): $ 4.3
Potatoes
Potatoes
$ 2.3/kg
($ 1.4 to $ 3.2)

16% less than in the United States (USA)United States Average price in the United States (USA): $ 2.7
Salad
Salad
$ 2.4/salad
($ 1.2 to $ 3.8)

48% more than in the United States (USA)United States Average price in the United States (USA): $ 1.6
Water bottle
Water bottle
$ 1.8
($ 1.1 to $ 2.2)

4% less than in the United States (USA)United States Average price in the United States (USA): $ 1.9
Joint of beef
Joint of beef
$ 12/kg
($ 6.5 to $ 20)

6% less than in the United States (USA)United States Average price in the United States (USA): $ 13

Public and private transport budget in Panama City

On average, the price of transport in Panama City is 35% cheaper than in the United States (USA).
Bus ticket
Bus ticket
$ 0.2/ticket
($ 0.2 to $ 0.6)

87% less than in the United States (USA)United States Average price in the United States (USA): $ 2.3
Bus pass
Bus pass
$ 23/month
($ 17 to $ 34)

69% less than in the United States (USA)United States Average price in the United States (USA): $ 72
Taxi (per km)
Taxi (per km)
$ 2.2/km
($ 1.8 to $ 3.2)

27% 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)

25% 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
($ 1.7 to $ 3.2)

34% less than in the United States (USA)United States Average price in the United States (USA): $ 3.3
Car hire
Car hire
$ 12/24hrs
($ 3.6 to $ 114)

69% less than in the United States (USA)United States Average price in the United States (USA): $ 40

Budget for living and housing in Panama City

On average, the cost of housing in Panama City is 28% cheaper than in the United States (USA).
Electricity, water...
Electricity, water...
$ 102/month
($ 66 to $ 185)

38% less than in the United States (USA)United States Average price in the United States (USA): $ 164
Mobile phone
Mobile phone
$ 0.1/min.
($ 0.1 to $ 0.1)

8% less than in the United States (USA)United States Average price in the United States (USA): $ 0.1
Broadband internet
Broadband internet
$ 52/month
($ 39 to $ 82)

23% 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)
$ 948/month
($ 702 to $ 1350)

30% less than in the United States (USA)United States Average price in the United States (USA): $ 1367
Studio flat (suburbs)
Studio flat (suburbs)
$ 641/month
($ 487 to $ 863)

41% less than in the United States (USA)United States Average price in the United States (USA): $ 1095
Flat (centre)
Flat (centre)
$ 1683/month
($ 1295 to $ 2697)

23% less than in the United States (USA)United States Average price in the United States (USA): $ 2195
Flat (suburbs)
Flat (suburbs)
$ 1119/month
($ 863 to $ 1618)

35% less than in the United States (USA)United States Average price in the United States (USA): $ 1739
Gym
Gym
$ 52/month
($ 23 to $ 71)

34% more than in the United States (USA)United States Average price in the United States (USA): $ 39
Private nursery
Private nursery
$ 286/month
($ 131 to $ 541)

70% less than in the United States (USA)United States Average price in the United States (USA): $ 953
Private primary school
Private primary school
$ 7877/yr
($ 3236 to $ 19410)

51% less than in the United States (USA)United States Average price in the United States (USA): $ 16399

Leisure activity budget in Panama City

On average, budget for leisure activities in Panama City is 18% more expensive than in the United States (USA).
Cinema
Cinema
$ 7/ticket
($ 5.9 to $ 8.6)

42% less than in the United States (USA)United States Average price in the United States (USA): $ 13
Tennis
Tennis
$ 30/hr
($ 17 to $ 49)

77% more than in the United States (USA)United States Average price in the United States (USA): $ 17

Budget for clothes and price of cigarettes in Panama City

On average, shopping budget in Panama City is essentially the same as in the United States (USA).
Cigarettes
Cigarettes
$ 5.9/pack
($ 5.4 to $ 7.5)

27% less than in the United States (USA)United States Average price in the United States (USA): $ 8.1
Levi's jeans
Levi's jeans
$ 54
($ 27 to $ 77)

17% more than in the United States (USA)United States Average price in the United States (USA): $ 46
Summer dress
Summer dress
$ 41
($ 28 to $ 77)

9% more than in the United States (USA)United States Average price in the United States (USA): $ 38
Trainers
Trainers
$ 71
($ 45 to $ 98)

9% less than in the United States (USA)United States Average price in the United States (USA): $ 78
Leather shoes
Leather shoes
$ 97
($ 52 to $ 163)

1% less than in the United States (USA)United States Average price in the United States (USA): $ 98

Plane ticket budget

New York City → Panama City
New York City → Panama City
New York City → Panama City
$ 639
(fair price: $ 510)
London → Panama City
London → Panama City
London → Panama City
$ 811
(fair price: $ 698)
Los Angeles → Panama City
Los Angeles  → Panama City
Los Angeles  → Panama City
$ 726
(fair price: $ 555)
Toronto (Ontario) → Panama City
Toronto (Ontario) → Panama City
Toronto (Ontario) → Panama City
$ 580
(fair price: $ 507)
Montreal → Panama City
Montreal → Panama City
Montreal → Panama City
$ 637
(fair price: $ 523)
Manchester → Panama City
Manchester → Panama City
Manchester → Panama City
$ 933
(fair price: $ 768)
Dublin → Panama City
Dublin → Panama City
Dublin → Panama City
$ 986
(fair price: $ 846)
Sydney → Panama City
Sydney → Panama City
Sydney → Panama City
$ 1794
(fair price: $ 1574)
Edinburgh → Panama City
Edinburgh → Panama City
Edinburgh → Panama City
$ 917
(fair price: $ 780)
Melbourne → Panama City
Melbourne → Panama City
Melbourne → Panama City
$ 1694
(fair price: $ 1487)

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About this information on the cost of living in Panama City

The information about the cost of living in Panama City shown on this page comes from multiple sources, including: Numbeo, Easyvoyage and Hotels.com.

The information about the cost of living in Panama City was updated on 17-10-2020.

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