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#52 Worldwide

Panama City

Panama β€’ Central America

Anchor Cost Index

53

Moderate

#52
of 120 cities
57%
More expensive than
#1
in Central America
Moderate
Cost Level

πŸ“ŠAnchor Price Breakdown

ℹ️Sources: Public economic data, market research
πŸ”
Big Mac
McDonald's signature burger
$4.30
Near avg
58
Weight: 20%Global avg: $4.15
🏠
1BR Rent
City-wide median monthly
$900.00/mo
Near avg
57
Weight: 30%Global avg: $981.92
πŸš—
Uber 5km
Average 5km ride fare
$3.50
-25% vs avg
44
Weight: 20%Global avg: $4.69
β˜•
Starbucks Latte
Tall Latte price
$4.50
Near avg
53
Weight: 15%Global avg: $4.34
πŸ“Ί
YouTube Premium
Monthly subscription
$7.99/mo
Near avg
50
Weight: 15%Global avg: $8.13

πŸ“ˆKey Metrics

ℹ️Calculated from verified cost data
🏠
69%
Rent Burden
Rent as % of avg salary
🍽️
36%
Food Affordability
Food as % of avg salary
πŸ’»
60/100
Nomad Score
Digital nomad friendliness
πŸ‘¨β€πŸ‘©β€πŸ‘§
70/100
Family Score
Family friendliness

πŸ’΅Monthly Budget Scenarios

ℹ️Based on crowdsourced price data
πŸŽ’
Backpacker
Hostels, street food, public transit
$1,606/mo
Housing
$840
Food
$634
Transport
$42
Utilities
$0
Entertainment
$50
Other
$40
πŸ’»
Digital Nomad
Coliving, coworking, mix of cooking & dining
$1,875/mo
Housing
$810
Food
$676
Transport
$61
Utilities
$45
Entertainment
$113
Other
$170
πŸ‘¨β€πŸ‘©β€πŸ‘§
Small Family
2 adults + 1 child, outside center apartment
$3,109/mo
Housing
$1440
Food
$957
Transport
$128
Utilities
$179
Entertainment
$89
Other
$316
🏒
Expat Professional
City center, quality lifestyle
$2,400/mo
Housing
$1134
Food
$838
Transport
$125
Utilities
$130
Entertainment
$125
Other
$48

πŸ”—Useful Resources for Panama City

🏨
Booking.com
Find accommodation deals worldwide
β†’πŸ›‘οΈ
SafetyWing
Nomad health insurance from $45/mo
β†’πŸ’Έ
Wise
Send money internationally with low fees
β†’

* Some links are affiliate links. We may earn a commission at no extra cost to you.

πŸ“‹Extended Costs (60+ Items)

ℹ️Aggregated from public sources
1BR Apartment (City Center)$1,260.00/mo
1BR Apartment (Outside Center)$630.00/mo
3BR Apartment (City Center)$2,520.00/mo
3BR Apartment (Outside Center)$1,440.00/mo
Price per mΒ² (Buy, City)$9,200.00/mΒ²
Price per mΒ² (Buy, Outside)$5,500.00/mΒ²
Airbnb (1BR, Monthly)$1,620.00/mo
Coliving Space$810.00/mo
Hostel/Dormitory$28.00/night

πŸ’°Similar Cost Cities

Hong Kong
Hong Kong
63+10
Abu Dhabi
UAE
63+10
Kuwait City
Kuwait
61+8
Lisbon
Portugal
60+7
Seoul
South Korea
59+6

🌏Others in Central America

San JosΓ©
Costa Rica
49-4
Kingston
Jamaica
38-15
Santo Domingo
Dominican Republic
37-16
Guatemala City
Guatemala
30-23
Havana
Cuba
1-52

πŸ“ˆ How Panama City Compares

Cheaper than
50cities
More expensive than
68cities
Rank in Central America
#1/6

Understanding Cost Index

0-20
Very Affordable
21-40
Affordable
41-60
Moderate
61-80
Expensive
81-100
Very Expensive

πŸ“Š Data Sources

We aggregate data from trusted sources to provide accurate cost of living comparisons. All prices are converted to USD.

πŸ”
Big Mac Index
Global purchasing power indicator (2024)

Purchasing power parity indicator

🏠
Cost of Living & Rent
Crowdsourced global cost data (2024)

Verified price data from multiple sources

πŸš—
Transport & Services
Regional transport pricing data (2024)

Taxi, rideshare, public transit prices

πŸ“Ί
Digital Subscriptions
Regional pricing data (2024)

Streaming services, digital platforms

Data is updated periodically. Prices may vary based on location, promotions, and exchange rates.