- Cost of Living
- Panama
- Spain
- Panama City
- Almuñécar
- Comparison
Cost of living in Panama City, Panama compared to Almuñécar, Spain
Currency:
| Food | + 5% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 5% more expensive than in Almuñécar (Spain) | ||||
| Basic lunchtime menu (including a drink) in the business district | 6.00 B/. (€5.15) | €11 | - 55% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 5.02 B/. (€4.31) | €7 | - 41% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.71 B/. (€3.18) | €4.00 | - 20% | |
| 1 liter (1 qt.) of whole fat milk | 1.33 B/. (€1.14) | €0.85 | + 34% | |
| 12 eggs, large | 2.39 B/. (€2.05) | €1.65 | + 24% | |
| 1 kg (2 lb.) of tomatoes | 3.00 B/. (€2.57) | €1.00 | + 157% | |
| 500 gr (16 oz.) of local cheese | 3.00 B/. (€2.57) | €4.00 | - 36% | |
| 1 kg (2 lb.) of apples | 2.50 B/. (€2.15) | €1.40 | + 54% | |
| 1 kg (2 lb.) of potatoes | 2.98 B/. (€2.56) | €0.83 | + 207% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.75 B/. (€0.64) | - | - | |
| 1 bottle of red table wine, good quality | 6.00 B/. (€5.15) | €4.70 | + 10% | |
| 2 liters of Coca-Cola | 2.15 B/. (€1.85) | €1.25 | + 48% | |
| Bread for 2 people for 1 day | 1.38 B/. (€1.18) | €0.35 | + 238% | |
| Housing | + 76% | |||
| Housing in Panama City (Panama) is 76% more expensive than in Almuñécar (Spain) | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 2,500 B/. (€2,145) | €598 | + 259% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 550 B/. (€472) | €500 | - 6% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 114 B/. (€98) | €82 | + 19% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,100 B/. (€944) | €400 | + 136% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 475 B/. (€408) | €300 | + 36% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 57 B/. (€49) | €50 | - 2% | |
| Internet 8 Mbps (1 month) | 30 B/. (€26) | €40 | - 36% | |
| 40” flat screen TV | 329 B/. (€283) | €200 | + 41% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 96 B/. (€82) | - | - | |
| Laundry detergent (3 l. ~ 100 oz.) | 13 B/. (€11) | €3.75 | + 197% | |
| Hourly rate for cleaning help | 4.06 B/. (€3.48) | - | - | |
| Clothes | - 16% | |||
| Clothes in Panama City (Panama) is 16% cheaper than in Almuñécar (Spain) | ||||
| 1 pair of jeans (Levis 501 or similar) | 50 B/. (€43) | €90 | - 52% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 22 B/. (€19) | - | - | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 55 B/. (€47) | €48 | - 1% | |
| 1 pair of men’s leather business shoes | 70 B/. (€60) | - | - | |
| Transportation | - 7% | |||
| Transportation in Panama City (Panama) is 7% cheaper than in Almuñécar (Spain) | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 18,000 B/. (€15,445) | - | - | |
| 1 liter (1/4 gallon) of gas | 1.12 B/. (€0.96) | €1.34 | - 28% | |
| Monthly ticket public transport | 15 B/. (€13) | - | - | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 15 B/. (€13) | - | - | |
| Personal Care | + 73% | |||
| Personal Care in Panama City (Panama) is 73% more expensive than in Almuñécar (Spain) | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 6 B/. (€5.34) | €5.00 | + 7% | |
| 1 box of antibiotics (12 doses) | 35 B/. (€30) | €4.00 | + 649% | |
| Short visit to private Doctor (15 minutes) | 39 B/. (€33) | €50 | - 34% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 7 B/. (€5.90) | €2.95 | + 100% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.74 B/. (€4.93) | €1.91 | + 158% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (€5.91) | €1.90 | + 211% | |
| 4 rolls of toilet paper | 3.37 B/. (€2.89) | €1.10 | + 163% | |
| Tube of toothpaste | 2.92 B/. (€2.50) | €1.55 | + 62% | |
| Standard men's haircut in expat area of the city | 10 B/. (€9) | €10 | - 10% | |
| Entertainment | + 8% | |||
| Entertainment in Panama City (Panama) is 8% more expensive than in Almuñécar (Spain) | ||||
| Basic dinner out for two in neighborhood pub | 42 B/. (€36) | €18 | + 102% | |
| 2 tickets to the movies | 10 B/. (€8) | €20 | - 59% | |
| 2 tickets to the theater (best available seats) | 51 B/. (€44) | €40 | + 10% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 40 B/. (€34) | €31 | + 11% | |
| 1 cocktail drink in downtown club | 9 B/. (€7) | - | - | |
| Cappuccino in expat area of the city | 1.90 B/. (€1.63) | €1.40 | + 16% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.00 B/. (€1.72) | €3.10 | - 45% | |
| iPad Wi-Fi 128GB | 652 B/. (€559) | - | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.09 B/. (€0.08) | - | - | |
| 1 month of gym membership in business district | 35 B/. (€30) | - | - | |
| 1 package of Marlboro cigarettes | 4.50 B/. (€3.86) | - | - | |
| TOTAL | + 23% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 589 prices entered by 71 different people.
These prices were last updated on June 24, 2018.
Exchange rate:
0.858
EUR
/
PAB
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Cost of living in Panama City (Panama) is 23% more expensive than in Almuñécar (Spain)
For example, you would need at least €2,084
(2,429 B/.)
in Panama City
to maintain the same standard of living that you can have with
€1,700
in Almuñécar.
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