Planning to move to Panama City? Here is a complete breakdown of the cost of living for expats in Panama City, Panama as of 2026. All figures are in EUR for easy cross-country comparison.
Monthly Cost Snapshot
Full Cost Breakdown
Compared to Country Average
| Category | Panama City | Panama Avg | Difference |
|---|---|---|---|
| 1BR Rent (Centre) | €837 | €714 | +17% above avg |
| Total Single (Centre) | €1,860 | €1,544 | +20% above avg |
| Total Family (Centre) | €4,278 | €3,584 | +19% above avg |
| Groceries | €465 | €386 | +20% above avg |
| Transport | €112 | €92 | +21% above avg |
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Frequently Asked Questions
How much does it cost to live in Panama City in 2026?
A single expat living in central Panama City should budget approximately €1,860 per month, covering rent, groceries, transport, utilities, healthcare, and entertainment. A family of four needs around €4,278/month.
How much is rent in Panama City for expats?
A 1-bedroom apartment in Panama City city centre costs around €837/month. Outside the centre, expect to pay approximately €586/month. A 3-bedroom apartment in the centre is around €1,841/month.
Is Panama City expensive compared to other cities in Panama?
Panama City has a cost index of 100% relative to the capital. There are 5 cities tracked in Panama for comparison.
Related: Panama Guide · Panama Salaries · Panama Cost of Living · Visa Comparison · Compare Panama · All Countries
Data sourced from numbeo. Last verified 2026-03-10.