Prices in Panama

What are the supermarket prices in Panama? Is the cost of living in Panama are higher than in United States? How much will it cost us to entertain in Panama and how much will we spend in restaurants and bars?
On this page below you will find the current price and cost overview in Panama: food, Restaurants, living, and Entertainment (The last update: today 22 hours ago)

Currency in Panama to Panamanian balboa (PAB). For 10 US dollars you can get 10.4 Panamanian balboas. For 100 US dollars you can get 104 Panamanian balboas. And the other way: For 10 Panamanian balboas you can get 10.4 US dollars.


What are the different prices in the cities in Panama? Look here: Prices in cities in Panama

Prices: David   Santiago   Vista Alegre   San Miguelito   Pacora   Aguadulce   Changuinola   Chilibre   La Chorrera   Las Cumbres  

Collectively, it can be said that in Panama it is cheaper than in United States. Food is 24% cheaper. Dining in restaurants and bars will be cheaper by 31%. And the cost of living in Panama is less than in United States about 27%. If we want to use our free time for entertainment or sport, we have to focus on spending more money by 22%.

See also how prices have changed in previous years: Price changes in previous years in Panama


Are hotels expensive in Panama? How much will we pay for a room in Panama?

The average price of accommodation in Panama is $79. If you are looking for the cheapest accommodation: in a cheap one-star hotel you will pay: $27 and if you like hostels, you'll spend the night there for: $30. The cost of a room in a 2-star hotel is Panama in $55. 3-star hotels offer accommodation on average for $72 Overnight stay in 4-star hotel costs $110 in Panama If you are looking for the best conditions for your stay, then in 5-star hotels that will provide much more luxury you will have to pay $170


And if you plan a trip to a given region of the world, maybe cheaper than in Panama will be in nearby countries? See prices in: Costa Rica, Nicaragua, Colombia, Honduras, and Jamaica.

Comparison of selected prices in Panama with prices in United States:

fees

$93 ($52 - $160)
by half less than in United States

internet

$44 ($31 - $73)
35% less than in United States

jeans pants

$49 ($26 - $78)
7% more than in United States

average earnings

$770
79% less than in United States

renting a small apartment in the center

$760 ($470 - $1.2K)
by half less than in United States

renting a large apartment outside the centre

$960 ($520 - $1.6K)
by half less than in United States

bread

$2 ($1 - $3)
30% less than in United States

cheese

$9.7 ($4.2 - $44)
16% less than in United States

rice

$2.2 ($1 - $4.2)
by half less than in United States

tomatoes

$2.7 ($1.1 - $3.6)
40% less than in United States

bananas

$1.8 ($1 - $4.2)
12% more than in United States

wine

$10 ($6.2 - $16)
17% less than in United States

cheap restaurant

$8.3 ($4.2 - $21)
by half less than in United States

local beer

$2.1 ($1 - $4.2)
60% less than in United States

coffee

$3.1 ($1.6 - $4.7)
31% less than in United States

bottle of water

$1.1 ($1 - $2.1)
30% less than in United States

mac burger king or similar bar

$7.3 ($6.2 - $8.3)
13% less than in United States

cola pepsi sprite mirinda

$1.4 ($1 - $2.1)
28% less than in United States

Price changes in previous years in Panama

Has the price of bread increased in Panama?
Bread in previous years has cost: 2010: $2.6(PAB 2.6), 2011: $1.4(PAB 1.4), 2013: $1.7(PAB 1.7), 2014: $2.2(PAB 2.2), 2015: $1.9(PAB 1.9), 2016: $2.3(PAB 2.3), 2017: $1.8(PAB 1.8), and 2018: $2.1(PAB 2.1).

Panama price changes: A loaf of fresh white bread (500g) 2010-2018
Panama price changes A loaf of fresh white bread (500g) hikersbay.com

Bananas - price changes in years: 2016: $1.1(PAB 1.1), 2017: $1.1(PAB 1.1), and 2018: $1.4(PAB 1.4)

Panama price changes: Bananas (1kg) 2016-2018
Panama price changes Bananas (1kg) hikersbay.com

Have prices increased in restaurants in Panama?
In inexpensive restaurants, the price for a meal was: 2010: $5.2(PAB 5.2), 2011: $5.2(PAB 5.2), 2013: $6.2(PAB 6.2), 2014: $5.2(PAB 5.2), 2015: $8.3(PAB 8.3), 2016: $8.8(PAB 8.8), 2017: $8.3(PAB 8.3), and 2018: $9.4(PAB 9.4)

Panama price changes: Meal in a cheap restaurant 2010-2018
Panama price changes Meal in a cheap restaurant hikersbay.com

Renting A Small Apartment In The Center - price changes in years: 2010: $560(PAB 560), 2011: $660(PAB 660), 2013: $1K(PAB 1K), 2014: $1.1K(PAB 1.1K), 2015: $1.1K(PAB 1.1K), 2016: $1.1K(PAB 1.1K), 2017: $900(PAB 900), and 2018: $970(PAB 970)

Panama price changes: Apartment (1 bedroom) in City Centre 2010-2018
Panama price changes Apartment (1 bedroom) in City Centre hikersbay.com
Panama price changes: Taxi 1km (Normal Tariff) 2011-2018
Panama price changes Taxi 1km (Normal Tariff) hikersbay.com