Cost of living in Panama City (Panama) is 21% cheaper than in Aalborg (Denmark)
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This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 309 prices entered by 41 different people.
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Currency:
| Food | - 17% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 17% cheaper than in Aalborg (Denmark) | ||||
| Update prices | Update prices | |||
| Panama City | Aalborg | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. (kr103) | kr125 | - 18% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (kr52) | kr72 | - 28% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.28 B/. (kr23) | kr37 | - 39% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (kr12) | kr11 | + 15% | |
| 12 eggs, large | 2.67 B/. (kr18) | kr31 | - 40% | |
| 1 kg (2 lb.) of tomatoes | 2.62 B/. (kr18) | - | - | |
| 500 gr (16 oz.) of local cheese | 6 B/. (kr42) | kr52 | - 20% | |
| 1 kg (2 lb.) of apples | 2.85 B/. (kr20) | kr18 | + 9% | |
| 1 kg (2 lb.) of potatoes | 2.46 B/. (kr17) | kr11 | + 49% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.40 B/. (kr10) | kr13 | - 26% | |
| 1 bottle of red table wine, good quality | 10 B/. (kr69) | kr81 | - 15% | |
| 2 liters of coca-cola | 2.36 B/. (kr16) | kr19 | - 13% | |
| Bread for 2 people for 1 day | 1.55 B/. (kr11) | - | - | |
| Housing | - 1% | |||
| Housing in Panama City (Panama) is about the same as in Aalborg (Denmark) | ||||
| Update prices | Update prices | |||
| Panama City | Aalborg | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,470 B/. (kr10,150) | kr10,293 | - 1% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 929 B/. (kr6,415) | kr7,078 | - 9% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 140 B/. (kr964) | kr1,303 | - 26% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 971 B/. (kr6,703) | kr6,025 | + 11% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 607 B/. (kr4,193) | kr4,137 | + 1% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 98 B/. (kr676) | - | - | |
| Internet 8 mbps (1 month) | 37 B/. (kr258) | - | - | |
| 40” flat screen tv | 321 B/. (kr2,216) | kr3,019 | - 27% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 107 B/. (kr736) | - | - | |
| Laundry detergent (3 l. ~ 100 oz.) | 11 B/. (kr74) | kr52 | + 44% | |
| Hourly rate for cleaning help | 12 B/. (kr84) | - | - | |
| Clothes | - 18% | |||
| Clothes in Panama City (Panama) is 18% cheaper than in Aalborg (Denmark) | ||||
| Update prices | Update prices | |||
| Panama City | Aalborg | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 61 B/. (kr420) | kr781 | - 46% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 43 B/. (kr294) | kr237 | + 24% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 99 B/. (kr685) | kr597 | + 15% | |
| 1 pair of men’s leather business shoes | 100 B/. (kr692) | kr1,050 | - 34% | |
| Transportation | - 46% | |||
| Transportation in Panama City (Panama) is 46% cheaper than in Aalborg (Denmark) | ||||
| Update prices | Update prices | |||
| Panama City | Aalborg | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,225 B/. (kr153,488) | - | - | |
| 1 liter (1/4 gallon) of gas | 1.01 B/. (kr7) | kr12 | - 43% | |
| Monthly ticket public transport | 24 B/. (kr165) | kr388 | - 57% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 10 B/. (kr66) | kr266 | - 75% | |
| Personal Care | - 4% | |||
| Personal Care in Panama City (Panama) is about the same as in Aalborg (Denmark) | ||||
| Update prices | Update prices | |||
| Panama City | Aalborg | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (kr61) | kr58 | + 4% | |
| 1 box of antibiotics (12 doses) | 23 B/. (kr160) | - | - | |
| Short visit to private doctor (15 minutes) | 53 B/. (kr367) | - | - | |
| 1 box of 32 tampons (tampax, ob, ...) | 8 B/. (kr54) | - | - | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.26 B/. (kr29) | - | - | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. (kr58) | - | - | |
| 4 rolls of toilet paper | 2.95 B/. (kr20) | - | - | |
| Tube of toothpaste | 3.04 B/. (kr21) | - | - | |
| Standard men's haircut in expat area of the city | 16 B/. (kr113) | kr181 | - 38% | |
| Entertainment | - 10% | |||
| Entertainment in Panama City (Panama) is 10% cheaper than in Aalborg (Denmark) | ||||
| Update prices | Update prices | |||
| Panama City | Aalborg | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. (kr248) | kr380 | - 35% | |
| 2 tickets to the movies | 11 B/. (kr74) | kr219 | - 66% | |
| 2 tickets to the theater (best available seats) | 34 B/. (kr236) | - | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 64 B/. (kr445) | - | - | |
| 1 cocktail drink in downtown club | 11 B/. (kr74) | kr73 | + 1% | |
| Cappuccino in expat area of the city | 5.10 B/. (kr35) | - | - | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.82 B/. (kr19) | kr33 | - 41% | |
| Ipad wi-fi 128gb | 689 B/. (kr4,756) | kr2,962 | + 61% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. (kr2.35) | - | - | |
| 1 month of gym membership in business district | 52 B/. (kr357) | kr255 | + 40% | |
| 1 package of marlboro cigarettes | 6 B/. (kr42) | kr47 | - 11% | |
 |
TOTAL | - 21% | ||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 309 prices entered by 41 different people.
These prices were last updated on March 24, 2025.
Exchange rate:
6.906
DKK
/
PAB
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For example, to keep the same standard of living that would require kr30,000 in Aalborg you would need to make just about kr23,846 (3,453 B/.) in Panama City.
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