Cost of Living in Panama

Factors that impact cost of living in Panama

The cost of living in Panama can vary greatly depending on your lifestyle and location. Some factors that can affect the cost of living in Panama include the cost of housing, transportation, food, healthcare, and entertainment.

Housing

Rent for a one-bedroom apartment in a city center can range from $500 to $1,000 per month, while a three-bedroom apartment can cost between $800 and $1,500 per month. Outside of the city center, rents may be lower.

Transportation

The cost of public transportation in Panama is relatively inexpensive, with a one-way ticket on the metro or bus costing around $0.35. Taxis are also affordable, with a typical fare ranging from $2 to $5.

Food

The cost of food in Panama can vary greatly depending on where you shop and what you buy. Basic groceries such as rice, beans, and fresh produce can be inexpensive, while imported items and restaurant meals can be more expensive.

Healthcare

Healthcare in Panama is generally affordable, with a visit to a doctor or dentist typically costing between $30 and $100.

Entertainment

The cost of entertainment in Panama can vary depending on your interests. Movie tickets, for example, can cost around $7, while a meal at a mid-range restaurant can cost $20 to $30 per person.

It is important to note that these are just estimates and the actual cost of living in Panama may be higher or lower depending on your specific circumstances.