- Cost of Living
- Panama
- Spain
- Panama City
- Almuñécar
- Comparison
Cost of living in Panama City, Panama compared to Almuñécar, Spain
Currency:
| Food | - 4% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 4% cheaper than in Almuñécar (Spain) | ||||
| Basic lunchtime menu (including a drink) in the business district | 6.00 B/. (€5.37) | €11 | - 53% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 5.02 B/. (€4.49) | €7 | - 38% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.71 B/. (€3.32) | €4.00 | - 17% | |
| 1 liter (1 qt.) of whole fat milk | 1.33 B/. (€1.19) | - | - | |
| 12 eggs, large | 2.39 B/. (€2.14) | €1.40 | + 53% | |
| 1 kg (2 lb.) of tomatoes | 3.00 B/. (€2.69) | €1.00 | + 169% | |
| 500 gr (16 oz.) of local cheese | 3.00 B/. (€2.69) | €4.00 | - 33% | |
| 1 kg (2 lb.) of apples | 2.50 B/. (€2.24) | €1.40 | + 60% | |
| 1 kg (2 lb.) of potatoes | 2.98 B/. (€2.67) | €0.83 | + 220% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.75 B/. (€0.67) | - | - | |
| 1 bottle of red table wine, good quality | 6.00 B/. (€5.37) | €4.70 | + 14% | |
| 2 liters of Coca-Cola | 2.28 B/. (€2.05) | €1.25 | + 64% | |
| Bread for 2 people for 1 day | 1.38 B/. (€1.24) | - | - | |
| Housing | + 90% | |||
| Housing in Panama City (Panama) is 90% more expensive than in Almuñécar (Spain) | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 2,500 B/. (€2,238) | €598 | + 274% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 550 B/. (€492) | €500 | - 2% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 114 B/. (€102) | €82 | + 25% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,100 B/. (€985) | €400 | + 146% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 475 B/. (€425) | €300 | + 42% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 57 B/. (€51) | €50 | + 2% | |
| Internet 8 Mbps (1 month) | 30 B/. (€27) | €40 | - 33% | |
| 40” flat screen TV | 338 B/. (€303) | €200 | + 51% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 128 B/. (€115) | - | - | |
| Laundry detergent (3 l. ~ 100 oz.) | 12 B/. (€11) | €3.75 | + 183% | |
| Hourly rate for cleaning help | 4.41 B/. (€3.95) | - | - | |
| Clothes | - 11% | |||
| Clothes in Panama City (Panama) is 11% cheaper than in Almuñécar (Spain) | ||||
| 1 pair of jeans (Levis 501 or similar) | 50 B/. (€45) | €90 | - 50% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 22 B/. (€20) | - | - | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 55 B/. (€49) | €48 | + 4% | |
| 1 pair of men’s leather business shoes | 70 B/. (€63) | - | - | |
| 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/. (€16,115) | - | - | |
| 1 liter (1/4 gallon) of gas | 1.12 B/. (€1.00) | €1.38 | - 27% | |
| Monthly ticket public transport | 15 B/. (€13) | - | - | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 13 B/. (€12) | - | - | |
| Personal Care | + 84% | |||
| Personal Care in Panama City (Panama) is 84% more expensive than in Almuñécar (Spain) | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 7 B/. (€5.87) | €5.00 | + 17% | |
| 1 box of antibiotics (12 doses) | 32 B/. (€28) | €4.00 | + 612% | |
| Short visit to private Doctor (15 minutes) | 43 B/. (€38) | €50 | - 23% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 7 B/. (€6) | €2.95 | + 115% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.10 B/. (€4.57) | €1.91 | + 139% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (€7) | €1.90 | + 251% | |
| 4 rolls of toilet paper | 2.66 B/. (€2.38) | €1.10 | + 117% | |
| Tube of toothpaste | 3.13 B/. (€2.80) | €1.55 | + 81% | |
| Standard men's haircut in expat area of the city | 10 B/. (€9) | €10 | - 12% | |
| Entertainment | + 6% | |||
| Entertainment in Panama City (Panama) is 6% more expensive than in Almuñécar (Spain) | ||||
| Basic dinner out for two in neighborhood pub | 37 B/. (€33) | €18 | + 83% | |
| 2 tickets to the movies | 10 B/. (€9) | €20 | - 57% | |
| 2 tickets to the theater (best available seats) | 56 B/. (€50) | €40 | + 26% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 40 B/. (€36) | €31 | + 16% | |
| 1 cocktail drink in downtown club | 8 B/. (€7) | - | - | |
| Cappuccino in expat area of the city | 1.90 B/. (€1.70) | €1.40 | + 22% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.00 B/. (€1.79) | €3.10 | - 42% | |
| iPod nano 16GB | 205 B/. (€184) | - | - | |
| 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/. (€31) | - | - | |
| 1 package of Marlboro cigarettes | 4.50 B/. (€4.03) | - | - | |
| TOTAL | + 26% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 818 prices entered by 95 different people.
These prices were last updated on June 23, 2017.
Exchange rate:
0.895
EUR
/
PAB
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Cost of living in Panama City (Panama) is 26% more expensive than in Almuñécar (Spain)
For example, you would need at least €2,137
(2,387 B/.)
in Panama City
to maintain the same standard of living that you can have with
€1,700
in Almuñécar.
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