Cost of living in Panama in 2024

Hello everyone,

As every year, we invite you to share your experience regarding the cost of living in Panama, and if possible, in the specific region or city where you live. This will help members who are planning to relocate in Panama.

Here are some points to guide you; the idea is to provide average prices for each category:

When it comes to housing, what is the cost of renting or buying an apartment or house in Panama?

How much do you pay for public transports such as buses, subways, trains, trams, or taxis?

Could you share the average monthly cost of your grocery shopping?

What is the cost of health insurance? How much does a medical consultation cost in Panama?

What are the tuition fees for children?

What are the average monthly costs for electricity, gas, water, internet, and phone plans?

For leisure activities, how much does it cost monthly?

If there are other expenses you find relevant, please feel free to share them!

Thank you for your contribution.

Expat.com Team

No one replied. Is it so bad? :)

Too many questions. too many variables. So much depends on where and how you live. We left Florida for David 11 years ago, where it cost 1/3 of what it did in FL. Maybe the difference is even more now? i just know that when I go back to the US everything seems crazy expensive.

@kristc99

Thanks for your reply.

Yes, of course, it's understood about different life styles, different areas, etc. But in this is exactly what is interesting. On Dominican Republic or Costa Rica forums you can find all kinds of comments. People say "I live alone, renting condo in a middle of most expensive area of a Capital and these are my expenses ... ", somebody else says "I live in a gated community and these are my expenses...", someone else says: "I live on my ranch and grow most of my vegies and collect eggs from my chickens, and these are my expenses...".


But here nobody is writing anything. Which makes people to wonder what's the reason? Expats in Panama are afraid to attract more expats because they know it will bring higher prices? Or cost of living is already so high that they don't want to see comments "wow! why do you live there? it's half price back in the country from which you departed"    ? Or something else?

@Cheryl wow, so many questions. But almost all the answers for these are available via Google and replies may vary from region.

@Herman.Ka  lazy.  I've spent years writing a blog and answering questions on forums. And we have more money now and dont pay as much attention. Our rent is $385, 3/2 unfurnished in a middle class neighborhood. maybe we spend $1200/mo on basic monthly expenses.

@kristc99

Thank you!