Cost of living in Panama City, Panama vs Ghent, Belgium
Currency:
| Food | - 17% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 17% cheaper than in Ghent (Belgium) | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (€11) | €16 | - 32% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (€6) | €9 | - 29% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.07 B/. (€2.52) | €3.67 | - 31% | |
| 1 liter (1 qt.) of whole fat milk | 1.42 B/. (€1.16) | €0.97 | + 20% | |
| 12 eggs, large | 2.87 B/. (€2.36) | €2.28 | + 4% | |
| 1 kg (2 lb.) of tomatoes | 2.71 B/. (€2.23) | €1.87 | + 19% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (€4.94) | €5.47 | - 10% | |
| 1 kg (2 lb.) of apples | 3.22 B/. (€2.65) | €1.70 | + 56% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (€1.64) | €1.22 | + 34% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.04 B/. (€0.85) | €1.71 | - 50% | |
| 1 bottle of red table wine, good quality | 10 B/. (€8) | €7 | + 16% | |
| 2 liters of coca-cola | 2.22 B/. (€1.82) | €2.45 | - 26% | |
| Bread for 2 people for 1 day | 1.61 B/. (€1.32) | €1.18 | + 11% | |
| Housing | - 7% | |||
| Housing in Panama City (Panama) is 7% cheaper than in Ghent (Belgium) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,323 B/. (€1,088) | €1,020 | + 7% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 911 B/. (€749) | €836 | - 10% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 112 B/. (€92) | €155 | - 41% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 955 B/. (€785) | €779 | + 1% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 653 B/. (€537) | €531 | + 1% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 96 B/. (€79) | €123 | - 36% | |
| Internet 8 mbps (1 month) | 41 B/. (€34) | €29 | + 16% | |
| 40” flat screen tv | 401 B/. (€329) | €383 | - 14% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 124 B/. (€102) | €117 | - 13% | |
| Laundry detergent (3 l. ~ 100 oz.) | 6 B/. (€5.29) | €11 | - 50% | |
| Hourly rate for cleaning help | 5.98 B/. (€4.92) | €10 | - 49% | |
| Clothes | - 41% | |||
| Clothes in Panama City (Panama) is 41% cheaper than in Ghent (Belgium) | ||||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (€39) | €79 | - 50% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. (€28) | €43 | - 34% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 69 B/. (€57) | €93 | - 39% | |
| 1 pair of men’s leather business shoes | 80 B/. (€65) | €129 | - 49% | |
| Transportation | - 43% | |||
| Transportation in Panama City (Panama) is 43% cheaper than in Ghent (Belgium) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,059 B/. (€15,670) | €23,515 | - 33% | |
| 1 liter (1/4 gallon) of gas | 0.67 B/. (€0.55) | €1.34 | - 59% | |
| Monthly ticket public transport | 37 B/. (€30) | €48 | - 37% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 12 B/. (€10) | €28 | - 64% | |
| Personal Care | + 16% | |||
| Personal Care in Panama City (Panama) is 16% more expensive than in Ghent (Belgium) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (€7) | €7 | + 6% | |
| 1 box of antibiotics (12 doses) | 23 B/. (€19) | €9 | + 101% | |
| Short visit to private doctor (15 minutes) | 47 B/. (€38) | €26 | + 46% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.39 B/. (€3.61) | €4.50 | - 20% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.60 B/. (€2.96) | €3.72 | - 20% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.71 B/. (€4.70) | €3.39 | + 39% | |
| 4 rolls of toilet paper | 2.25 B/. (€1.85) | €1.36 | + 37% | |
| Tube of toothpaste | 2.57 B/. (€2.11) | €2.40 | - 12% | |
| Standard men's haircut in expat area of the city | 15 B/. (€13) | €22 | - 42% | |
| Entertainment | - 13% | |||
| Entertainment in Panama City (Panama) is 13% cheaper than in Ghent (Belgium) | ||||
| Basic dinner out for two in neighborhood pub | 32 B/. (€26) | €35 | - 24% | |
| 2 tickets to the movies | 12 B/. (€10) | €21 | - 53% | |
| 2 tickets to the theater (best available seats) | 45 B/. (€37) | €48 | - 22% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 55 B/. (€45) | €51 | - 12% | |
| 1 cocktail drink in downtown club | 10 B/. (€8) | €8 | - 3% | |
| Cappuccino in expat area of the city | 4.84 B/. (€3.98) | €3.09 | + 29% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.83 B/. (€3.15) | €4.65 | - 32% | |
| Ipad wi-fi 128gb | 519 B/. (€426) | €438 | - 3% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.24 B/. (€0.19) | €0.23 | - 17% | |
| 1 month of gym membership in business district | 48 B/. (€39) | €27 | + 45% | |
| 1 package of marlboro cigarettes | 5.49 B/. (€4.52) | €6 | - 29% | |
| TOTAL | - 21% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 602 prices entered by 75 different people.
These prices were last updated on February 26, 2021.
Exchange rate:
0.822
EUR
/
PAB
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Cost of living in Panama City (Panama) is 21% cheaper than in Ghent (Belgium)
For example, to keep the same standard of living that would require €3,100 in Ghent you would need to make just about €2,460 (2,992 B/.) in Panama City.
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