Travel budget and cost of living in Panama City (Panama) how much does a trip cost?
Planning a trip to Panama City? Calculate your travel budget quickly and for free with our tool. Get to grips with actual prices and the cost of living in Panama City in Panama with our comprehensive and reliable information.
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:
- $ 42 for 2 ppl.
- $ 14 per person
- $ 1.3 per person
- Free activities
Total budget:
$ 1003* (1008 PAB)
Average budget
(traveller)
Daily budget:
- $ 93 for 2 ppl.
- $ 32 per person
- $ 12 per person
- $ 7 per person
Total budget:
$ 2680* (2674 PAB)
High budget
(tourist)
Daily budget:
- $ 129 for 2 ppl.
- $ 54 per person
- $ 29 per person
- $ 15 per person
Total budget:
$ 4496* (4494 PAB)
* estimated local budget for 2 people for 2 weeks (excluding plane tickets).
Cost of living in Panama City compared to United States in 2024
On average, the cost of living in Panama City in 2024 is 27% 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 2024 compared to average prices in the United States (USA):
Explore each type of expense in detail:
Local prices in Panama City by expense type
Restaurant budget in Panama City
($ 5 to $ 21)
34% less than in the United States (USA) Average price in the United States (USA): $ 20
($ 21 to $ 45)
18% less than in the United States (USA) Average price in the United States (USA): $ 37
($ 7 to $ 10)
25% less than in the United States (USA) Average price in the United States (USA): $ 11
($ 1.5 to $ 4)
48% less than in the United States (USA) Average price in the United States (USA): $ 5.9
($ 1 to $ 4)
33% less than in the United States (USA) Average price in the United States (USA): $ 3.5
($ 2 to $ 5)
30% less than in the United States (USA) Average price in the United States (USA): $ 5.1
($ 1 to $ 3)
26% less than in the United States (USA) Average price in the United States (USA): $ 2.5
($ 1 to $ 3)
31% less than in the United States (USA) Average price in the United States (USA): $ 2
Hotel and accommodation budget in Panama City
($ 28 to $ 192)
54% less than in the United States (USA) Average price in the United States (USA): $ 164
($ 17 to $ 333)
41% less than in the United States (USA) Average price in the United States (USA): $ 152
($ 27 to $ 304)
55% less than in the United States (USA) Average price in the United States (USA): $ 222
($ 66 to $ 397)
47% less than in the United States (USA) Average price in the United States (USA): $ 305
($ 95 to $ 372)
57% less than in the United States (USA) Average price in the United States (USA): $ 457
($ 18 to $ 176)
59% less than in the United States (USA) Average price in the United States (USA): $ 162
($ 19 to $ 519)
34% less than in the United States (USA) Average price in the United States (USA): $ 236
($ 24 to $ 418)
35% less than in the United States (USA) Average price in the United States (USA): $ 202
($ 32 to $ 213)
60% less than in the United States (USA) Average price in the United States (USA): $ 222
($ 36 to $ 664)
22% less than in the United States (USA) Average price in the United States (USA): $ 200
Supermarket food budget in Panama City
($ 1.5 to $ 2)
76% more than in the United States (USA) Average price in the United States (USA): $ 1
($ 1.2 to $ 4)
28% less than in the United States (USA) Average price in the United States (USA): $ 3.5
($ 1.4 to $ 4.9)
44% less than in the United States (USA) Average price in the United States (USA): $ 4.5
($ 1.2 to $ 3.6)
27% less than in the United States (USA) Average price in the United States (USA): $ 3.6
($ 3.8 to $ 12)
36% less than in the United States (USA) Average price in the United States (USA): $ 12
($ 1.5 to $ 5)
34% less than in the United States (USA) Average price in the United States (USA): $ 5.2
($ 1.3 to $ 4)
37% less than in the United States (USA) Average price in the United States (USA): $ 4.8
($ 1 to $ 3)
25% less than in the United States (USA) Average price in the United States (USA): $ 2.9
($ 0.8 to $ 2.5)
30% less than in the United States (USA) Average price in the United States (USA): $ 2.2
Public and private transport budget in Panama City
($ 0.3 to $ 0.5)
85% less than in the United States (USA) Average price in the United States (USA): $ 2.4
($ 1 to $ 4)
7% more than in the United States (USA) Average price in the United States (USA): $ 1.7
($ 0.8 to $ 1.2)
5% more than in the United States (USA) Average price in the United States (USA): $ 0.9
($ 2 to $ 3)
30% less than in the United States (USA) Average price in the United States (USA): $ 3.6
($ 8.4 to $ 45)
63% less than in the United States (USA) Average price in the United States (USA): $ 70
Leisure activity budget in Panama City
($ 6 to $ 16)
48% less than in the United States (USA) Average price in the United States (USA): $ 14
($ 21 to $ 26)
22% more than in the United States (USA) Average price in the United States (USA): $ 21
Budget for clothes and price of cigarettes in Panama City
($ 5 to $ 7.6)
41% less than in the United States (USA) Average price in the United States (USA): $ 10
($ 36 to $ 81)
3% more than in the United States (USA) Average price in the United States (USA): $ 52
($ 10 to $ 81)
7% less than in the United States (USA) Average price in the United States (USA): $ 42
Plane ticket budget
(fair price: $ 585)
(fair price: $ 744)
(fair price: $ 563)
(fair price: $ 525)
(fair price: $ 470)
(fair price: $ 445)
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, Skyscanner and Hotels.com.
The information about the cost of living in Panama City was updated on 11-11-2024.
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