Cost of living in Panama City (Panama) is 27% more expensive than in Lima (Peru)
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This comparison is based on abundant and consistent data. It is based on 1,636 prices entered by 227 different people.
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Currency:
| Food | + 43% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 43% more expensive than in Lima (Peru) | ||||
| Update prices | Update prices | |||
| Panama City | Lima | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (S/. 53) | S/. 28 | + 89% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (S/. 25) | S/. 21 | + 17% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.30 B/. (S/. 12) | S/. 8 | + 50% | |
| 1 liter (1 qt.) of whole fat milk | 1.74 B/. (S/. 6) | S/. 5.38 | + 20% | |
| 12 eggs, large | 2.70 B/. (S/. 10) | S/. 11 | - 12% | |
| 1 kg (2 lb.) of tomatoes | 2.56 B/. (S/. 10) | S/. 4.42 | + 116% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (S/. 23) | S/. 14 | + 62% | |
| 1 kg (2 lb.) of apples | 2.46 B/. (S/. 9) | S/. 6 | + 51% | |
| 1 kg (2 lb.) of potatoes | 2.36 B/. (S/. 9) | S/. 3.42 | + 158% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.07 B/. (S/. 3.99) | S/. 5.80 | - 31% | |
| 1 bottle of red table wine, good quality | 10 B/. (S/. 37) | S/. 44 | - 16% | |
| 2 liters of coca-cola | 2.55 B/. (S/. 9) | S/. 8 | + 12% | |
| Bread for 2 people for 1 day | 1.71 B/. (S/. 6) | S/. 2.15 | + 195% | |
| Housing | + 58% | |||
| Housing in Panama City (Panama) is 58% more expensive than in Lima (Peru) | ||||
| Update prices | Update prices | |||
| Panama City | Lima | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,542 B/. (S/. 5,745) | S/. 3,337 | + 72% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 913 B/. (S/. 3,400) | S/. 2,061 | + 65% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 136 B/. (S/. 505) | S/. 278 | + 82% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 897 B/. (S/. 3,341) | S/. 2,505 | + 33% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 587 B/. (S/. 2,186) | S/. 1,450 | + 51% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 95 B/. (S/. 354) | S/. 167 | + 112% | |
| Internet 8 mbps (1 month) | 40 B/. (S/. 150) | S/. 77 | + 94% | |
| 40” flat screen tv | 333 B/. (S/. 1,242) | S/. 1,133 | + 10% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 99 B/. (S/. 371) | S/. 468 | - 21% | |
| Laundry detergent (3 l. ~ 100 oz.) | 16 B/. (S/. 58) | S/. 39 | + 47% | |
| Hourly rate for cleaning help | 5.44 B/. (S/. 20) | S/. 21 | - 2% | |
| Clothes | + 39% | |||
| Clothes in Panama City (Panama) is 39% more expensive than in Lima (Peru) | ||||
| Update prices | Update prices | |||
| Panama City | Lima | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 55 B/. (S/. 204) | S/. 138 | + 48% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 41 B/. (S/. 152) | S/. 107 | + 42% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 94 B/. (S/. 351) | S/. 291 | + 20% | |
| 1 pair of men’s leather business shoes | 96 B/. (S/. 358) | S/. 266 | + 35% | |
| Transportation | - 18% | |||
| Transportation in Panama City (Panama) is 18% cheaper than in Lima (Peru) | ||||
| Update prices | Update prices | |||
| Panama City | Lima | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,092 B/. (S/. 82,296) | S/. 56,851 | + 45% | |
| 1 liter (1/4 gallon) of gas | 1.10 B/. (S/. 4.10) | S/. 4.91 | - 16% | |
| Monthly ticket public transport | 29 B/. (S/. 108) | S/. 151 | - 28% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 8 B/. (S/. 29) | S/. 64 | - 55% | |
| Personal Care | + 52% | |||
| Personal Care in Panama City (Panama) is 52% more expensive than in Lima (Peru) | ||||
| Update prices | Update prices | |||
| Panama City | Lima | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (S/. 28) | S/. 19 | + 49% | |
| 1 box of antibiotics (12 doses) | 22 B/. (S/. 82) | S/. 33 | + 149% | |
| Short visit to private doctor (15 minutes) | 52 B/. (S/. 195) | S/. 127 | + 54% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (S/. 27) | S/. 18 | + 57% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.13 B/. (S/. 19) | S/. 17 | + 12% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (S/. 27) | S/. 19 | + 38% | |
| 4 rolls of toilet paper | 3.09 B/. (S/. 12) | S/. 8 | + 47% | |
| Tube of toothpaste | 3.08 B/. (S/. 11) | S/. 5.99 | + 92% | |
| Standard men's haircut in expat area of the city | 17 B/. (S/. 64) | S/. 44 | + 44% | |
| Entertainment | + 36% | |||
| Entertainment in Panama City (Panama) is 36% more expensive than in Lima (Peru) | ||||
| Update prices | Update prices | |||
| Panama City | Lima | Diff | ||
| Basic dinner out for two in neighborhood pub | 35 B/. (S/. 130) | S/. 68 | + 91% | |
| 2 tickets to the movies | 12 B/. (S/. 44) | S/. 44 | + 2% | |
| 2 tickets to the theater (best available seats) | 45 B/. (S/. 169) | S/. 110 | + 54% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 68 B/. (S/. 255) | S/. 159 | + 60% | |
| 1 cocktail drink in downtown club | 10 B/. (S/. 39) | S/. 38 | + 1% | |
| Cappuccino in expat area of the city | 5.62 B/. (S/. 21) | S/. 18 | + 19% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.30 B/. (S/. 16) | S/. 12 | + 37% | |
| Ipad wi-fi 128gb | 680 B/. (S/. 2,534) | S/. 3,413 | - 26% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.32 B/. (S/. 1.21) | S/. 0.58 | + 107% | |
| 1 month of gym membership in business district | 60 B/. (S/. 222) | S/. 189 | + 18% | |
| 1 package of marlboro cigarettes | 5.96 B/. (S/. 22) | S/. 16 | + 37% | |
 |
TOTAL | + 27% | ||
These prices were last updated on October 10, 2024.
Exchange rate:
3.725
PEN
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,636 prices entered by 227 different people.
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