Menu

Free 200+ Page eBook

Top 57 Places to Live & Invest in the Tropics

Quickly find out which country is right for you.
No-hype updates & resource guides. No Spam. Ever.
Limited offer. Instant Download.

Join More than 58,187 people who are breaking free


we value your privacy

Food Costs in Panama: Save 50% or More on Your Grocery Bill

Cost of food in Panama

There’s a lot of buzz about the incredibly low cost of living in Panama.  But just how cheap is it?  And how do you know it isn’t just a bunch of lies fabricated by marketers and real estate brokers?

You might have even found some information about the costs to rent or buy a property, but still have questions about–for instance–how much food costs in Panama.  To answer that, take a look at a typical grocery bill for a family of four.

This isn’t a gimmick.  This is just based on our observations during our last couple of trips to the market.

And just for fun we had a friend back in the U.S. give us the current prices on the same items there.  Take a look at the side-by-side comparison.

ItemPanamaU.S.%Discount
1 dozen eggs,organic$2.08$3.1835%
2 filet mignons teaks (12oz.total)$4.86$14.9968%
1 liter milk$1.59$3.1950%
2 lbs. bananas$.80$1.1832%
3 lb. bag laundry detergent$2.53$5.4554%
Soap (3bars)$1.59$3.6556%
Yogurt (4servings)$2.40$6.0060%
Pineapples, 3 small$1.00$4.9980%
Grapefruit, 4$1.00$2.2956%
Cheese, largeround(16oz.)$1.57$6.9978%
3 heads organic lettuce$1.00$5.0780%
Bouquetof fresh flowers, large$3.50$12.9973%
Ground organic coffee(12oz.)$4.04$5.9933%
1 dozen fresh panacitos (rolls)$2.40$5.5857%
1 rotisserie chicken, whole$4.19$7.3943%
Rack of porkribs, frozen$12.13$8.98-35%
3.5lb chicken breasts, frozen$6.47$9.7934%
2lbs langostinos(shellfish), frozen$6.18$19.9869%
Cereal, boxed$6.29$4.29-47%
Total$65.62$131.8850%

Because your grocery bill will be every bit as varied as your individual tastes, it’s impossible for us to tell you exactly what YOUR food costs in Panama would be.  However, as you can see above, we spend about half what we would pay in the U.S.  For the exact same items!

We should point out here that not every food item in Panama costs less.  On some things, like cereal and other pre-packaged items, you may even pay a little more if you insist on having the same brand you’ve always eaten for breakfast.  On a few items, there may not be enough of a savings to even warrant mentioning, like yogurt.

This may appear to be the case on quite a few items.  However, another factor to consider is the QUALITY that you are paying for.  Take coffee for example.  While it’s about the same price, coffee in Panama is no comparison to what we drank back in the States.  This stuff is out of this world.

Likewise fruits and vegetables here are organic and as fresh as you can find, and they run about $8 per week for a family of four.  Not to beat a dead horse, but this can really vary depending on the types of fruits and vegetables you prefer.

As you probably noticed, our diets haven’t suffered as a result of our decision to move to Panama.  Neither have our wallets.  So no matter how delicate your palate or tight your budget, you shouldn’t be disappointed with the options available to you in Panama.  Cheers!

Up Next

Best Place to Live in the World: Power Rankings

The best place to live in the world? Our Power Rankings report will shed some light on how the Latin Tropics stack up against the competition. (Read It)

Central America's Best Real Estate Buy

Don't miss this up and commer. It has the tropical lifestyle, stunning beauty, and smokin appreciation potential. (Read It)

Start Using Your IRA to Invest Overseas

Disappointed in your IRAs past performance? Find out how you can invest in real estate to improve your returns and better your retirement prospects. (Read It)
Viva-Tropical-graphic-620x620

Here Is How to Buy Tropical Real Estate with Your 401k or IRA

Did you know you can use your 401k to invest in Real Estate?Well, you can and not only that you can invest in several other assets besides real estate too.This means you can get your …

(Read It)
San Miguel de Allende

Get to Know San Miguel de Allende Mexico

San Miguel de Allende has remained one of the most popular expat and retiree destinations through the Latin Tropics. Rising almost phoenix-like from near obscurity, this colonial city has metamorphosed from silver mining center to …

(Read It)
where to live in panama city

Where to Live Near Panama City

As one of the fastest growing expat destinations, Panama City offers a variety of options for a tropical home.  With an ever-expanding infrastructure, favorable residency laws and great discounts for retirees, the resurgence of Panama …

(Read It)
Daniel DeLa Cruz

El Poblado: The Colombian Expat Magnet

El Poblado ("The Village" in Spanish) has become the cornerstone of expat growth both in Medellin and throughout Colombia. Just as it was in the early seventeenth century, El Poblado has become the hub for …

(Read It)
expat kids

13 Reasons Expat Children Thrive

Growing up abroad can be one of the most beneficial gifts a child can receive. It's amazing how much children thrive when they realize their horizons are wider than a TV or game console screen.Entering …

(Read It)
expat jobs

Want to Work Abroad? Here Are Your Options

Finding work abroad is an idea that has gained increasing popularity in recent years. With the growing interest in expat living, there are a number of options that exist today that weren’t even thinkable a …

(Read It)

3 thoughts on “Food Costs in Panama: Save 50% or More on Your Grocery Bill

  1. 1

    Not sure where you’re getting the “organic” info from. In our part of Panama, the Azuero Peninsula, we don’t have the same access to organic fruits and vegetables as what’s available in Panama City or in Chiriqui Province. For example,we pay about $1 apiece for pineapples, which are fresh and locally grown. Organic? I have no idea. . .

  2. 2

    Another GREAT article ! Gracias. Hey…what about that “retraction”? (Of that company driving on the beach in Nosara, CR.)

  3. 3

    Good job of information on the benefits of living in Panama.

    Chris Easley
    El Flor Highlands
    Chiriquí Panama

Leave a Reply

Your email address will not be published. Required fields are marked *

Hot Real Estate Offer

Real Estate In The Area

Boca Chica
Panama
This parcel is located on Boca Chica Island in Panama and includes 2.5 acres.Boca Chica Island is a meticulously planned island that only a small number of ...
For Sale
0 beds
0 bath
Land Size:3 acres
$184,900
Boca Chica
Panama
Perfect for people looking for something different.This lot (lot 8) is located on Boca Chica Island in Panama, a meticulously planned island that only a sma...
For Sale
0 beds
0 bath
Land Size:1 acres
$149,900
Boca Chica
Panama
Perfect for people looking for something different.This parcel (Parcel 11) is located on Boca Chica Island in Panama and it includes over 10 acres.Boca ...
For Sale
0 beds
0 bath
Land Size:10 acres
$289,900
See All Listings In The Area
Free Tropical Toolkit
Free 200+ Page Report: Top 57 Places to Live & Invest
  • The only book in the world that ranks investment and lifestyle in one place.
  • Over 200 information packed pages with hundreds of beautiful photos.
  • Download the book instantly (for free!) with this limited time offer.
*We value your privacy. No spam. Period.