Cost of Living Comparison Between Panama and Costa Rica Cost of Living Comparison Between Panama and Costa Rica

🙂 Solo nomad: Panama is 16.3% cheaper than Costa Rica without rent, and 3.2% more expensive with rent.
🙂 Family of 3: Panama is 17.2% cheaper than Costa Rica without rent, and 1.3% cheaper with rent.
Currency
🍽 Eating Out
Panama
Costa Rica
Difference
Meal at Budget Restaurant
$10.18 PAB 10.18
$9.65 ₡4,833
5.49%
Three-Course Dinner for Two, Mid-Range
$50.5 PAB 50.5
$58.6 ₡29.3K
-13.89%
Fast Food Meal (McDonalds, etc)
$7.58 PAB 7.58
$9.9 ₡4,957
-23.43%
Cappuccino
$3.55 PAB 3.55
$3.9 ₡1,954
-8.97%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$1.51 PAB 1.51
$2.2 ₡1,100
-31.36%
Water (0.33 liter bottle)
$1.23 PAB 1.23
$1.65 ₡827
-25.45%
Local Beer (0.5 liter draught)
$2.23 PAB 2.23
$3.03 ₡1,517
-26.40%
Imported Beer (0.33 liter bottle)
$3.73 PAB 3.73
$4.55 ₡2,278
-18.02%
🛒 Groceries & Markets
Panama
Costa Rica
Difference
Milk (1 liter)
$1.83 PAB 1.83
$2.06 ₡1,033
-11.17%
White Bread (500g)
$2.41 PAB 2.41
$3.06 ₡1,530
-21.24%
Rice (white) (1kg)
$2.27 PAB 2.27
$2.52 ₡1,261
-9.92%
Eggs
$2.7 PAB 2.7
$3.29 ₡1,646
-17.93%
Local Cheese (1kg)
$11.54 PAB 11.54
$9.29 ₡4,650
24.22%
Chicken Fillets (1kg)
$7.39 PAB 7.39
$9.54 ₡4,775
-22.54%
Beef Round Steak (1kg)
$9.36 PAB 9.36
$13.6 ₡6,808
-31.18%
Apples (1kg)
$3.89 PAB 3.89
$4.67 ₡2,337
-16.70%
Banana (1kg)
$1.37 PAB 1.37
$1.56 ₡782
-12.18%
Oranges (1kg)
$2.89 PAB 2.89
$3.34 ₡1,672
-13.47%
Tomato (1kg)
$3.05 PAB 3.05
$3.01 ₡1,507
1.33%
Potato (1kg)
$2.1 PAB 2.1
$3.04 ₡1,524
-30.92%
Onion (1kg)
$2.46 PAB 2.46
$2.85 ₡1,426
-13.68%
Lettuce (1 head)
$2.14 PAB 2.14
$1.01 ₡506
111.88%
Water (1.5 liter bottle)
$1.6 PAB 1.6
$2.54 ₡1,273
-37.01%
Cigarettes 20 Pack (Marlboro, Camel)
$5.88 PAB 5.88
$4.86 ₡2,434
20.99%
Wine (Bottle)
$10.17 PAB 10.17
$14.87 ₡7,442
-31.61%
Local Beer (0.5 liter bottle)
$1.24 PAB 1.24
$2.27 ₡1,137
-45.37%
Imported Beer (0.33 liter bottle)
$2.22 PAB 2.22
$2.73 ₡1,366
-18.68%
🚌 Getting Around
Panama
Costa Rica
Difference
One-way Ticket (Public Transport)
$0.52 PAB 0.52
$0.95 ₡476
-45.26%
Public Transport Monthly Pass (Regular Price)
$25.45 PAB 25.45
$49.46 ₡24.8K
-48.54%
Taxi Start (Normal Tariff)
$2.05 PAB 2.05
$1.81 ₡904
13.26%
Taxi (Normal Tariff) (1km)
$1.99 PAB 1.99
$1.93 ₡969
3.11%
Taxi 1hour Waiting (Normal Tariff)
$20.72 PAB 20.72
$7.69 ₡3,850
169.44%
Gasoline (1 liter)
$0.96 PAB 0.96
$1.47 ₡735
-34.69%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$21.3K PAB 21.3K
$37.4K ₡18.7M
-42.93%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$20.9K PAB 20.9K
$34.8K ₡17.4M
-39.96%
🧾 Monthly Utilities & Internet
Panama
Costa Rica
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$108 PAB 108
$86.9 ₡43.5K
24.43%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$29.43 PAB 29.43
$25.46 ₡12.7K
15.59%
Internet (50+ Mbps, Unlimited Data)
$47.41 PAB 47.41
$54.7 ₡27.4K
-13.39%
🎉 Sport & Entertainment
Panama
Costa Rica
Difference
Gym Membership (Monthly)
$49.24 PAB 49.24
$57.8 ₡28.9K
-14.75%
Tennis Court (1 Hour on Weekend)
$33.72 PAB 33.72
$28.42 ₡14.2K
18.65%
Cinema Ticket
$7.11 PAB 7.11
$9.08 ₡4,546
-21.70%
🧸 Childcare & Education
Panama
Costa Rica
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$439 PAB 439
$551 ₡275.9K
-20.31%
International Primary School, 1 Child (Yearly)
$11.6K PAB 11.6K
$9,816 ₡4.9M
17.82%
👕👟 Clothing & Footwear
Panama
Costa Rica
Difference
Jeans (Levis 501 Or Similar)
$47.07 PAB 47.07
$72.3 ₡36.2K
-34.91%
Summer Dress (H&M, Zara, etc)
$40.77 PAB 40.77
$55.2 ₡27.6K
-26.15%
Sport Shoes (Adidas, Nike)
$85 PAB 85
$118 ₡59.3K
-28.25%
Men's Leather Business Shoes
$116 PAB 116
$104 ₡52.1K
11.52%
🏠 Accommodation & Living
Panama
Costa Rica
Difference
1-bedroom Apartment, City Center (Monthly)
$923 PAB 923
$817 ₡408.8K
13.08%
1-bedroom Apartment, Outside City Center (Monthly)
$711 PAB 711
$539 ₡269.6K
31.99%
3-bedroom Apartment, City Center (Monthly)
$1,745 PAB 1,745
$1,495 ₡748.3K
16.76%
3-bedroom Apartment, Outside City Center (Monthly)
$1,378 PAB 1,378
$1,019 ₡510.2K
35.23%
Buy Apartment in City Center (m2)
$1,884 PAB 1,884
$2,511 ₡1.3M
-24.98%
Buy Apartment Outside City Center (m2)
$1,502 PAB 1,502
$1,384 ₡693K
8.52%
💵 Salaries & Financials
Panama
Costa Rica
Difference
Average Monthly Net Salary (After Tax)
$807 PAB 807
$996 ₡498.8K
-18.99%
20-Year Fixed Mortgage Interest Rate (Annual %)
6.3
10.53
-40.17%

Citycost data is based on AI and user input – minor inaccuracies may occur.

Last update for Panama: October 28, 2025

Last update for Costa Rica: October 28, 2025

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