Prices in Panama

What are the supermarket prices in Panama? Is the cost of living in Panama 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 prices, Prices in restaurants, cost of living, and entertainment costs (The last update: today 19 hours ago)

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

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

Prices: David   Santiago   San Miguelito   Aguadulce   Colón   Chilibre   Pacora   Tocumen   San Carlos   Puerto Armuelles  

Overall, it can be said that prices in Panama are lower than in United States. Food is 38% cheaper. Dining in restaurants and bars will be cheaper by 30%. The cost of living in Panama is less than in United States by about 40%. Regarding leisure time, spending on sports or entertainment should not differ significantly in Panama from what it is in United States

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 $76. If you are looking for the cheapest accommodation: in a cheap one-star hotel you will pay: $26 and if you like hostels, you'll spend the night there for: $29. The cost of a room in a 2-star hotel is Panama in $53. 3-star hotels offer accommodation for an average price of $69 Overnight stay in a 4-star hotel costs $103 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 $159

If you're planning a trip to a specific region of the world, might it be cheaper than in Panama? Check out prices in nearby countries: Costa Rica, Nicaragua, Colombia, Honduras, and Jamaica.

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

fees

$97 ($52 - $200)
by half less than in United States

internet

$49 ($35 - $78)
32% is less expensive than in United States

jeans

$49 ($25 - $70)
6.7% is less expensive than in United States

average earnings

$793
83% is less expensive than in United States

renting a small apartment in the center

$817 ($450 - $1.2K)
by half less than in United States

renting a large apartment outside the center

$1.03K ($600 - $2K)
by half less than in United States

bread

$2.3 ($1.3 - $3)
34% is less expensive than in United States

cheese

$10.4 ($3.9 - $18)
19% is less expensive than in United States

rice

$2.1 ($1 - $4)
by half less than in United States

tomatoes

$2.9 ($1 - $4)
by half less than in United States

bananas

$1.3 ($0.9 - $3)
20% is less expensive than in United States

wine

$8 ($5 - $12)
by half less than in United States

cheap restaurant

$10 ($4 - $20)
by half less than in United States

local beer

$2 ($1.3 - $4)
67% is less expensive than in United States

coffee

$3.5 ($1.5 - $5)
32% is less expensive than in United States

bottle of water

$1.2 ($1 - $2)
by half less than in United States

Burger King or a similar bar

$8 ($7 - $9.5)
26% is less expensive than in United States

Cola, Pepsi, Sprite, Mirinda

$1.6 ($1 - $3)
36% is less expensive 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: $2.5(PAB 2.5), 2011: $1.4(PAB 1.4), 2013: $1.6(PAB 1.6), 2014: $2.1(PAB 2.1), 2015: $1.8(PAB 1.8), 2016: $2.2(PAB 2.2), 2017: $1.8(PAB 1.8), and 2018: $2(PAB 2).

Price changes in Bananas over the years: 2016: $1(PAB 1), 2017: $1(PAB 1), and 2018: $1.3(PAB 1.3)

Have prices increased in restaurants in Panama?
In inexpensive restaurants, the price for a meal was: 2010: $5(PAB 5), 2011: $5(PAB 5), 2013: $6(PAB 6), 2014: $5(PAB 5), 2015: $8(PAB 8), 2016: $8.5(PAB 8.5), 2017: $8(PAB 8), and 2018: $9(PAB 9)

Price changes in Renting A Small Apartment In The Center over the years: 2010: $538(PAB 538), 2011: $636(PAB 636), 2013: $980(PAB 980), 2014: $1.07K(PAB 1.07K), 2015: $1.02K(PAB 1.02K), 2016: $1.08K(PAB 1.08K), 2017: $869(PAB 869), and 2018: $935(PAB 935)