Cost of Living Rankings in Panama

Compare cities by Cost of Living metrics and find the best places to live

Panama

The cost of living indices for Panama are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Panama, covering factors like consumer goods, rent, and purchasing power.

Highest to LowestUpdated: Oct, 2025

Panama City

#1 in Cost of Living•(#225 worldwide)

Panama City offers a relatively affordable cost of living compared to many other major cities. Dining out can be economical, especially at local eateries. Housing costs vary significantly depending on location, with city centre apartments being more expensive. Public transportation is very affordable, making it a cost-effective option for getting around the city.