๐Ÿ‡ต๐Ÿ‡ฆ Panama · 2026

Cost of Living in Panama City

Mid-priced: cheaper than 52% of cities worldwide

Ranked #301 of 577 cities · More expensive than 47.8% of cities worldwide

Mid-priced
Cost of Living
Very affordable
Rent
Moderate
Groceries
Weak
Purchasing Power

Lower index = more affordable

Rent Prices in Panama City

Apartment City Centre Outside Centre You Save
1-Bedroom USD 1,277/mo USD 882/mo 31%
3-Bedroom USD 2,211/mo USD 1,561/mo 29%
Numbeo · 2026-10-02

Multi-Source Comparison

โ˜…โ˜…โ˜… High Confidence

Panama City has a cost of living index of 37.5 (New York = 100, rent included), the average of 3 of 3 data sources.

37.5
Index
3
Sources
3.5
Gap between sources

Source Values (NYC = 100)

Numbeo
39.5
Expatistan
36.0
LivingCost
37.1
ShouldIMove price index
No data

ShouldIMove price index: our own basket of real item prices plus rent.

Cost Indices

Cost of Living
37.5 Mid-priced
Rent
27.2 Very affordable
Groceries
59.0 Moderate
Restaurants
46.5 Affordable
Purchasing Power
44.9 Weak

Living in Panama City: What to Expect

Panama City is mid-priced by global standards (ranked #301 of 577 cities), cheaper than 52% of cities worldwide.

Groceries are moderate and dining out is affordable. The best value is rent and the priciest is groceries.

Local purchasing power is limited: residents can afford fewer goods and services than in most cities.

How Does Panama City Compare?

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