Mexico & Central America
Cost of living in Panama
45%of US price level
Is Panama expensive?
Prices in Panama are about 45% of US price levels (World Bank PPP). The most affordable place we cover is Santa Catalina, at about $1,200–1,800 a month for a comfortable life.
Cost of living in Panama, by place
One person, rent included. SoloSquare estimates in US$.
| Place | Month, comfortable | 1-bed rent, center | Local meal | Value |
|---|---|---|---|---|
| Santa Catalina | $1,200–1,800 | $400–800 | $4–8 | 72/100 |
| Boquete | $1,300–2,000 | $500–900 | $4–7 | 67/100 |
| Bocas del Toro | $1,500–2,300 | $500–1,000 | $4–8 | 44/100 |
| Pedasí | $1,500–2,300 | $500–1,000 | $4–7 | 52/100 |
| San Blas Islands | $1,500–2,500 | — | $6–12 | 47/100 |
| Panama City | $2,000–3,000 | $900–1,700 | $4–8 | 25/100 |
Cost of living by place
Sources
- World Bank: PPP conversion factor
- US State Department travel advisory
- GOV.UK foreign travel advice: Panama
- Government of Canada travel advice: Panama
- Servicio Nacional de Migración: remote worker visa requirements
- Speedtest Global Index: Panama
- World Bank open data
Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.