Cost of Living in Panama City
Complete monthly cost breakdown for digital nomads in Panama City, Panama
Budget
$870
per month
Mid-Range
$1,336
per month
Comfortable
$2,500
per month
Monthly Budget Breakdown
| Category | Budget | Mid-Range | Comfortable |
|---|---|---|---|
| 🏠 Accommodation | $480 | $600 | $1000 |
| 🍽️ Food & Dining | $260 | $360 | $820 |
| 💻 Coworking | $0 | $126 | $180 |
| 🚇 Transport | $30 | $50 | $100 |
| 🎯 Entertainment | $50 | $100 | $200 |
| 📱 Other | $50 | $100 | $200 |
| Total | $870 | $1,336 | $2,500 |
🏷️ Specific Prices
🏠 Accommodation
1BR Apartment (Center)$1000/mo
1BR Apartment (Outside)$600/mo
Hostel$20/night
Airbnb$1100/mo
🍽️ Food & Drinks
Local Meal$6
Mid-range Restaurant$18
Weekly Groceries$70
Coffee$3.5
Beer$N/A
💼 Work & Utilities
Coworking (Monthly)$180
SIM Card (Data)$25/mo
Gym Membership$45/mo
How Panama City Compares
-14%vs North America
regional average
regional average
+13%vs Global
nomad average
nomad average
🇵🇦Panama City
$2,000/mo
North America Average
$2,335/mo
Global Nomad Avg
$1,773/mo
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