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Latin America61% Lower than the US

Panama City, Panama

Estimated monthly cost

$1,650

Average net salary

$965

Monthly cost breakdown

1-bed apartment (city center)$1,265
1-bed apartment (outside center)$960
Utilities (monthly)$131
Internet$47
Mobile plan$30
Monthly transit pass$21
Meal, inexpensive restaurant$10
Meal for two, mid-range$50
Cappuccino$4
Domestic beer (0.5L)$3

Source: Numbeo, in USD. A single-person estimate; couples and families will vary. Updated regularly.

Panama City vs. the average US city

Panama City$1,650
US average$4,200

You'd keep about $2,550/month in your pocket — roughly 61% lower than the typical US cost of living.

How we estimate $1,650/mo

A single-person monthly budget, built from real Numbeo prices.

Rent

1-bed, city centre$1,265
1-bed, outside centre$960
Rent used (average of the two)$1,112

Living costs

Utilities$131
Internet$47
Mobile plan$30
Public transit pass$21
Groceries(monthly basket for one)$140
Eating out(~12 meals @ $10)$120
Subtotal$489
+10% misc / entertainment$49
Estimated total$1,650/mo

Excludes health insurance, flights, visas and one-time setup — see the guide and tools below for those.

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