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:

  • $ 44 for 2 ppl.
  • $ 14 per person
  • $ 1.3 per person
  • Free activities

Total budget:

$ 1017* (1022 PAB)

Average budget
(traveller)

Daily budget:

  • $ 92 for 2 ppl.
  • $ 32 per person
  • $ 12 per person
  • $ 6.9 per person

Total budget:

$ 2658* (2674 PAB)

High budget
(tourist)

Daily budget:

  • $ 129 for 2 ppl.
  • $ 55 per person
  • $ 29 per person
  • $ 14 per person

Total budget:

$ 4522* (4536 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

Compare with the average cost of living in:

On average, the cost of living in Panama City in 2024 is 28% 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):




Local prices in Panama City by expense type

Restaurant budget in Panama City

On average, budget for eating in a restaurant in Panama City is 32% cheaper than in the United States (USA).
Lunch
Lunch
$ 14/person
($ 5 to $ 21)

33% less than in the United States (USA)United States Average price in the United States (USA): $ 20
3 course dinner
3 course dinner
$ 32/person
($ 21 to $ 50)

16% less than in the United States (USA)United States Average price in the United States (USA): $ 37
McDonald's meal
McDonald's meal
$ 7.9/person
($ 7.9 to $ 10)

27% less than in the United States (USA)United States Average price in the United States (USA): $ 11
Local beer
Local beer
$ 3 for 500ml
($ 1.6 to $ 3.9)

50% less than in the United States (USA)United States Average price in the United States (USA): $ 5.9
Imported beer
Imported beer
$ 2.1 for 330ml
($ 1.1 to $ 3.9)

39% less than in the United States (USA)United States Average price in the United States (USA): $ 3.5
Cappuccino
Cappuccino
$ 3.6/cup
($ 2 to $ 5)

30% less than in the United States (USA)United States Average price in the United States (USA): $ 5.1
Fizzy drink
Fizzy drink
$ 1.8/can
($ 0.9 to $ 3)

26% less than in the United States (USA)United States Average price in the United States (USA): $ 2.5
Water bottle
Water bottle
$ 1.4/bottle
($ 0.9 to $ 3)

31% less than in the United States (USA)United States Average price in the United States (USA): $ 2

Hotel and accommodation budget in Panama City

On average, hotel and accommodation budget in Panama City is 47% cheaper than in the United States (USA).
1-star hotel
1-star hotel
$ 77/night
($ 27 to $ 203)

54% less than in the United States (USA)United States Average price in the United States (USA): $ 168
2-star hotel
2-star hotel
$ 86/night
($ 17 to $ 307)

43% less than in the United States (USA)United States Average price in the United States (USA): $ 152
3-star hotel
3-star hotel
$ 98/night
($ 27 to $ 301)

56% less than in the United States (USA)United States Average price in the United States (USA): $ 224
4-star hotel
4-star hotel
$ 161/night
($ 66 to $ 399)

47% less than in the United States (USA)United States Average price in the United States (USA): $ 305
5-star hotel
5-star hotel
$ 191/night
($ 94 to $ 373)

56% less than in the United States (USA)United States Average price in the United States (USA): $ 437
Hostel/Youth Hostel
Hostel/Youth Hostel
$ 69/month
($ 18 to $ 182)

57% less than in the United States (USA)United States Average price in the United States (USA): $ 163
Room with kitchen
Room with kitchen
$ 154/month
($ 19 to $ 512)

34% less than in the United States (USA)United States Average price in the United States (USA): $ 237
Hotel with swimming pool
Hotel with swimming pool
$ 129/month
($ 25 to $ 399)

36% less than in the United States (USA)United States Average price in the United States (USA): $ 204
Cottage or guest house
Cottage or guest house
$ 89/month
($ 32 to $ 220)

59% less than in the United States (USA)United States Average price in the United States (USA): $ 221
Family room
Family room
$ 154/month
($ 36 to $ 654)

23% less than in the United States (USA)United States Average price in the United States (USA): $ 202

Supermarket food budget in Panama City

On average, the price of supermarket food in Panama City is 22% cheaper than in the United States (USA).
Milk
Milk
$ 1.8/litre
($ 1.5 to $ 2)

72% more than in the United States (USA)United States Average price in the United States (USA): $ 1
Bread
Bread
$ 2.4/500g
($ 1.1 to $ 3.9)

30% less than in the United States (USA)United States Average price in the United States (USA): $ 3.5
Rice
Rice
$ 2.5/kg
($ 1.3 to $ 4.9)

44% less than in the United States (USA)United States Average price in the United States (USA): $ 4.5
Eggs
Eggs
$ 2.6/12 eggs
($ 1.2 to $ 3.6)

27% less than in the United States (USA)United States Average price in the United States (USA): $ 3.6
Chicken
Chicken
$ 7.4/kg
($ 3.8 to $ 12)

37% less than in the United States (USA)United States Average price in the United States (USA): $ 12
Apples
Apples
$ 3.3/kg
($ 1.5 to $ 5)

37% less than in the United States (USA)United States Average price in the United States (USA): $ 5.2
Tomatoes
Tomatoes
$ 3.1/kg
($ 1.2 to $ 3.9)

37% less than in the United States (USA)United States Average price in the United States (USA): $ 4.8
Potatoes
Potatoes
$ 2.1/kg
($ 0.9 to $ 3)

26% less than in the United States (USA)United States Average price in the United States (USA): $ 2.9
Water bottle
Water bottle
$ 1.5
($ 0.8 to $ 2)

33% less than in the United States (USA)United States Average price in the United States (USA): $ 2.2

Public and private transport budget in Panama City

On average, the price of transport in Panama City is 36% cheaper than in the United States (USA).
Bus ticket
Bus ticket
$ 0.3/ticket
($ 0.2 to $ 0.5)

85% less than in the United States (USA)United States Average price in the United States (USA): $ 2.5
Taxi (per km)
Taxi (per km)
$ 1.8/km
($ 0.9 to $ 5)

5% more than in the United States (USA)United States Average price in the United States (USA): $ 1.7
Petrol
Petrol
$ 0.9/litre
($ 0.8 to $ 1.2)

3% more than in the United States (USA)United States Average price in the United States (USA): $ 0.9
Taxi (initial pick-up charge)
Taxi (initial pick-up charge)
$ 2.2
($ 1.7 to $ 3)

38% less than in the United States (USA)United States Average price in the United States (USA): $ 3.6
Car hire
Car hire
$ 26/24hrs
($ 6.3 to $ 50)

64% less than in the United States (USA)United States Average price in the United States (USA): $ 71

Leisure activity budget in Panama City

On average, budget for leisure activities in Panama City is 17% cheaper than in the United States (USA).
Cinema
Cinema
$ 6.9/ticket
($ 5.9 to $ 15)

50% less than in the United States (USA)United States Average price in the United States (USA): $ 14
Tennis
Tennis
$ 25/hr
($ 21 to $ 41)

16% more than in the United States (USA)United States Average price in the United States (USA): $ 21

Budget for clothes and price of cigarettes in Panama City

On average, shopping budget in Panama City is 18% cheaper than in the United States (USA).
Cigarettes
Cigarettes
$ 5.4/pack
($ 5 to $ 7.4)

45% less than in the United States (USA)United States Average price in the United States (USA): $ 10
Levi's jeans
Levi's jeans
$ 54
($ 35 to $ 80)

3% more than in the United States (USA)United States Average price in the United States (USA): $ 52
Summer dress
Summer dress
$ 38
($ 10 to $ 80)

11% less than in the United States (USA)United States Average price in the United States (USA): $ 43

Plane ticket budget

Montreal → Panama City
Montreal → Panama City
Montreal → Panama City
$ 710
(fair price: $ 586)
London → Panama City
London → Panama City
London → Panama City
$ 799
(fair price: $ 741)
Toronto → Panama City
Toronto → Panama City
Toronto → Panama City
$ 702
(fair price: $ 561)
Los Angeles → Panama City
Los Angeles  → Panama City
Los Angeles  → Panama City
$ 701
(fair price: $ 527)
New York City → Panama City
New York City → Panama City
New York City → Panama City
$ 561
(fair price: $ 469)
Atlanta → Panama City
Atlanta → Panama City
Atlanta → Panama City
$ 591
(fair price: $ 444)

Book a flight Flight prices to Panama City




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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