Cost of living in Panama City (Panama) is 37% cheaper than in Berlin (Germany)
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WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 1,685 prices entered by 207 different people.
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Currency:
| Food | - 9% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 9% cheaper than in Berlin (Germany) | ||||
| Update prices | Update prices | |||
| Panama City | Berlin | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 20 B/. (€18) | €14 | + 27% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (€7) | €11 | - 35% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.82 B/. (€3.53) | €4.93 | - 28% | |
| 1 liter (1 qt.) of whole fat milk | 1.70 B/. (€1.57) | €1.13 | + 38% | |
| 12 eggs, large | 2.69 B/. (€2.49) | €4.92 | - 49% | |
| 1 kg (2 lb.) of tomatoes | 2.39 B/. (€2.21) | €3.23 | - 31% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (€8) | €7 | + 17% | |
| 1 kg (2 lb.) of apples | 2.75 B/. (€2.54) | €2.76 | - 8% | |
| 1 kg (2 lb.) of potatoes | 1.99 B/. (€1.84) | €1.88 | - 2% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.42 B/. (€1.32) | €1.15 | + 14% | |
| 1 bottle of red table wine, good quality | 14 B/. (€13) | €7 | + 94% | |
| 2 liters of coca-cola | 2.47 B/. (€2.28) | €3.55 | - 36% | |
| Bread for 2 people for 1 day | 1.77 B/. (€1.64) | €1.96 | - 16% | |
| Housing | - 56% | |||
| Housing in Panama City (Panama) is 56% cheaper than in Berlin (Germany) | ||||
| Update prices | Update prices | |||
| Panama City | Berlin | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,583 B/. (€1,465) | €2,260 | - 35% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 923 B/. (€854) | €2,554 | - 67% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 131 B/. (€121) | €452 | - 73% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,012 B/. (€937) | €3,066 | - 69% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 608 B/. (€563) | €1,533 | - 63% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 88 B/. (€81) | €572 | - 86% | |
| Internet 8 mbps (1 month) | 48 B/. (€45) | €32 | + 38% | |
| 40” flat screen tv | 337 B/. (€312) | €482 | - 35% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 110 B/. (€102) | €172 | - 41% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (€8) | €32 | - 74% | |
| Hourly rate for cleaning help | 5.54 B/. (€5.13) | €16 | - 69% | |
| Clothes | - 22% | |||
| Clothes in Panama City (Panama) is 22% cheaper than in Berlin (Germany) | ||||
| Update prices | Update prices | |||
| Panama City | Berlin | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 49 B/. (€46) | €86 | - 47% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. (€31) | €35 | - 11% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 92 B/. (€85) | €94 | - 10% | |
| 1 pair of men’s leather business shoes | 94 B/. (€87) | €108 | - 20% | |
| Transportation | - 44% | |||
| Transportation in Panama City (Panama) is 44% cheaper than in Berlin (Germany) | ||||
| Update prices | Update prices | |||
| Panama City | Berlin | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,776 B/. (€21,074) | €30,839 | - 32% | |
| 1 liter (1/4 gallon) of gas | 1.30 B/. (€1.20) | €2.00 | - 40% | |
| Monthly ticket public transport | 42 B/. (€39) | €75 | - 49% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 11 B/. (€10) | €23 | - 56% | |
| Personal Care | + 8% | |||
| Personal Care in Panama City (Panama) is 8% more expensive than in Berlin (Germany) | ||||
| Update prices | Update prices | |||
| Panama City | Berlin | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 7 B/. (€7) | €10 | - 33% | |
| 1 box of antibiotics (12 doses) | 29 B/. (€27) | €8 | + 247% | |
| Short visit to private doctor (15 minutes) | 51 B/. (€47) | €54 | - 13% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (€6) | €8 | - 18% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.17 B/. (€4.79) | €4.49 | + 7% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. (€7) | €8 | - 15% | |
| 4 rolls of toilet paper | 4.20 B/. (€3.89) | €4.39 | - 12% | |
| Tube of toothpaste | 4.12 B/. (€3.81) | €2.72 | + 40% | |
| Standard men's haircut in expat area of the city | 17 B/. (€15) | €34 | - 55% | |
| Entertainment | - 16% | |||
| Entertainment in Panama City (Panama) is 16% cheaper than in Berlin (Germany) | ||||
| Update prices | Update prices | |||
| Panama City | Berlin | Diff | ||
| Basic dinner out for two in neighborhood pub | 32 B/. (€29) | €41 | - 29% | |
| 2 tickets to the movies | 13 B/. (€12) | €24 | - 50% | |
| 2 tickets to the theater (best available seats) | 43 B/. (€40) | €292 | - 86% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 53 B/. (€49) | €58 | - 16% | |
| 1 cocktail drink in downtown club | 10 B/. (€9) | €15 | - 41% | |
| Cappuccino in expat area of the city | 5.75 B/. (€5.32) | €3.40 | + 57% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.19 B/. (€2.95) | €4.00 | - 26% | |
| Ipad wi-fi 128gb | 700 B/. (€648) | €1,066 | - 39% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.33 B/. (€0.31) | €0.11 | + 180% | |
| 1 month of gym membership in business district | 53 B/. (€49) | €40 | + 22% | |
| 1 package of marlboro cigarettes | 5.97 B/. (€5.52) | €12 | - 54% | |
 |
TOTAL | - 37% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 1,685 prices entered by 207 different people.
These prices were last updated on March 28, 2023.
Exchange rate:
0.925
EUR
/
PAB
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For example, to keep the same standard of living that would require €7,200 in Berlin you would need to make just about €4,560 (4,929 B/.) in Panama City.
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