Cost of living comparison between Panama City (Panama) and Sydney (Australia)
| Food | 46% | ||
|---|---|---|---|
| Food in Panama City (Panama) is 46% cheaper than in Sydney (Australia) | |||
| Daily menu in the business district | 8.80 B/. (AU$8.88) | AU$16.09 | 45% |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 4.74 B/. (AU$4.79) | AU$7.78 | 39% |
| 1/2 Kg (1 lb.) of chicken breast | 2.94 B/. (AU$2.97) | AU$6.10 | 51% |
| 1 liter (1 qt.) of whole fat milk | 1.29 B/. (AU$1.30) | AU$1.98 | 34% |
| 12 eggs, large | 2.03 B/. (AU$2.04) | AU$4.62 | 56% |
| 1 kg (2 lb.) of tomatoes | 3 B/. (AU$3.03) | AU$4.63 | 35% |
| 500 gr (16 oz.) of local cheese | 3.37 B/. (AU$3.40) | AU$6.31 | 46% |
| 1 kg (2 lb.) of apples | 2.50 B/. (AU$2.52) | AU$4.30 | 41% |
| 2 kg (4,5 lb.) of potatoes | 2.56 B/. (AU$2.58) | AU$4.10 | 37% |
| 0.5 l (16 oz) beer in the supermarket | 0.82 B/. (AU$0.82) | AU$3.79 | 78% |
| 1 bottle of red table wine, good quality | 15.50 B/. (AU$15.64) | AU$18.32 | 15% |
| 2 liters of Coca-Cola | 1.92 B/. (AU$1.93) | AU$3.33 | 42% |
| bread for 2 people for 1 day | 1.50 B/. (AU$1.51) | AU$2.93 | 48% |
| Housing | 39% | ||
| Housing in Panama City (Panama) is 39% cheaper than in Sydney (Australia) | |||
| monthly rent for a 85 m2 (900 Sqft) furnished apartment in expensive area of the city | 1,468 B/. (AU$1,481) | AU$2,536 | 42% |
| utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 190 B/. (AU$192) | AU$154 | 25% |
| Internet 8MB (1 month) | 37 B/. (AU$38) | AU$47 | 20% |
| 40” flat screen TV | 576 B/. (AU$581) | AU$833 | 30% |
| Microwave, known brand, 800/900 Watt | 205 B/. (AU$206) | AU$168 | 23% |
| Laundry detergent (3 l. ~ 100 oz.) | 10.18 B/. (AU$10.28) | AU$8.29 | 24% |
| Hourly rate for cleaning help | 4.72 B/. (AU$4.76) | AU$33 | 85% |
| Clothes | 41% | ||
| Clothes in Panama City (Panama) is 41% cheaper than in Sydney (Australia) | |||
| 1 pair of Levis 501 | 60 B/. (AU$60) | AU$118 | 49% |
| 1 summer dress in a chain store (Zara, H&M, ...) | 50 B/. (AU$50) | AU$72 | 30% |
| 1 pair of Adidas trainers | 68 B/. (AU$69) | AU$144 | 52% |
| 1 pair of average business shoes | 52 B/. (AU$52) | AU$129 | 60% |
| Transportation | 46% | ||
| Transportation in Panama City (Panama) is 46% cheaper than in Sydney (Australia) | |||
| Volkswagen Golf 2.0 TDI 140 CV 6 vel. (or equivalent), with no extras, new | 16,056 B/. (AU$16,200) | AU$30,444 | 47% |
| 1 liter (1/4 gallon) of gas | 1.41 B/. (AU$1.42) | AU$1.46 | 2% |
| monthly ticket public transport | 55 B/. (AU$55) | AU$115 | 52% |
| Taxi trip on a business day, basic tariff, 8 Km. (5 miles) | 7.15 B/. (AU$7.21) | AU$25 | 71% |
| Personal Care | 49% | ||
| Personal Care in Panama City (Panama) is 49% cheaper than in Sydney (Australia) | |||
| medicine against cold for 6 days (Frenadol, Coldrex, ...) | 6.71 B/. (AU$6.77) | AU$15.24 | 56% |
| 1 box of 32 tampons (Tampax, OB, ...) | 3.94 B/. (AU$3.97) | AU$7.50 | 47% |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 2.73 B/. (AU$2.75) | AU$4.04 | 32% |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 3.28 B/. (AU$3.30) | AU$5.97 | 45% |
| 4 rolls of toilet paper | 2.37 B/. (AU$2.39) | AU$3.79 | 37% |
| Tube of toothpaste | 2.13 B/. (AU$2.15) | AU$3.84 | 44% |
| Standard men's haircut in expat area of the city | 10.09 B/. (AU$10.18) | AU$24 | 58% |
| Entertainment | 57% | ||
| Entertainment in Panama City (Panama) is 57% cheaper than in Sydney (Australia) | |||
| basic dinner out for two in neighborhood pub | 26 B/. (AU$26) | AU$42 | 39% |
| 2 tickets to the movies | 9.22 B/. (AU$9.30) | AU$33 | 72% |
| 2 tickets to the theater (best available seats) | 27 B/. (AU$27) | AU$180 | 85% |
| dinner out for two in Italian restaurant with wine and dessert | 48 B/. (AU$48) | AU$113 | 57% |
| 1 cocktail drink in downtown club | 6.27 B/. (AU$6.33) | AU$15.48 | 59% |
| Capuccino in expat area of the city | 3.84 B/. (AU$3.88) | AU$3.81 | 2% |
| 1 beer in neighbourhood pub | 2.02 B/. (AU$2.03) | AU$5.64 | 64% |
| iPod nano 8GB (6th generation) | 156 B/. (AU$158) | AU$174 | 9% |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.15 B/. (AU$0.15) | AU$0.77 | 80% |
| 1 month of gym in business district | 57 B/. (AU$57) | AU$86 | 34% |
| 1 package of Marlboro cigarretes | 4.07 B/. (AU$4.11) | AU$16.46 | 75% |
| TOTAL | 45% | ||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 4,942 prices entered by 439 different people.
These prices were last updated on May 15, 2012.
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Cost of living in Panama City (Panama) is 45% cheaper than in Sydney (Australia)
For example, to keep the same standard of living that would require
AU$2,400
in Sydney
you would need to make just about AU$1,309
(1,297 B/.)
in Panama City.