Cost of Living in Panama City
Average rent, food, transport, utilities, and salary data for Panama City, Panama.
Overall, the cost of living in Panama City is significantly below the New York City baseline (composite index 24 vs. a New York City baseline of 100). These are representative estimates, not live pricing — see our methodology.
Rent index (NYC=100)30
Groceries index26
Dining out index24
Transport index18
Utilities index22
Median annual salary$16,000
Minimum wage$2.50/hr
Est. monthly childcare$350
Est. monthly healthcare premium$70
YoY inflation2.0%
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