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)
beach-1846183_1920

8 Facts You've Got Wrong About Life in the Latin Tropics

Quick! What are the first five adjectives that come to mind when I tell you to think about the Latin Tropics?All done? What were they? I'm guessing most of them were probably pretty positive. Words like "breathtaking," "eco-diverse," …

(Read It)
expats-thinking-outside-the-box-02

6 Cities Only the Most Adventurous Expats Should Consider

Expats thinking outside the box means finding destinations that can offer a combination of adventure and the challenge of living in a different environment. The Latin Tropics have a number of locations that can offer …

(Read It)
millenials-embracing-expat-living-01

The 6 Best Jobs for Millennials Abroad (And How to Land Them)

The number of millennials embracing expat living is increasing every year. Not surprisingly, the Latin Tropics have become a top destination for these young Americans seeking a path less traveled beyond the borders of the U.S.Unlike …

(Read It)
are-you-ready-to-be-an-expat-01

Are You Ready to Be an Expat? Ask Yourself These 12 Questions.

Are you ready to be an expat? There are a lot of factors that should go into making such a life-changing decision. Taking an objective look at several important areas is a great way to …

(Read It)
6854222493_b00a3df91c_z

Surprising Expat Expenses-Pricing Paradise

There are surprising expat expenses whose prices are significantly higher abroad than “at home.” Identifying these items beforehand can help potential expats, particularly those who are living on a fixed income, to better prepare for …

(Read It)
expat-benefits-01

The "Soft Benefits" of Becoming an Expat

North Americans living abroad cite a number of reasons they love the expat lifestyle. There's the ability to experience another culture, the daily exposure to incredibly beautiful natural surroundings, and the drastically lower cost of …

(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 peo...
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.