Cost of living in Panama City, Panama vs Lima, Peru
Currency:
| Food | + 72% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 72% more expensive than in Lima (Peru) | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (S/. 49) | S/. 24 | + 104% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (S/. 27) | S/. 17 | + 60% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.07 B/. (S/. 11) | S/. 7 | + 54% | |
| 1 liter (1 qt.) of whole fat milk | 1.47 B/. (S/. 5.41) | S/. 4.20 | + 29% | |
| 12 eggs, large | 2.81 B/. (S/. 10) | S/. 6 | + 63% | |
| 1 kg (2 lb.) of tomatoes | 2.71 B/. (S/. 10) | S/. 3.81 | + 162% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (S/. 22) | S/. 13 | + 68% | |
| 1 kg (2 lb.) of apples | 3.22 B/. (S/. 12) | S/. 4.41 | + 169% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (S/. 7) | S/. 2.44 | + 201% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.04 B/. (S/. 3.83) | S/. 5.23 | - 27% | |
| 1 bottle of red table wine, good quality | 10 B/. (S/. 36) | S/. 42 | - 15% | |
| 2 liters of coca-cola | 2.22 B/. (S/. 8) | S/. 7 | + 10% | |
| Bread for 2 people for 1 day | 1.61 B/. (S/. 5.92) | S/. 1.61 | + 267% | |
| Housing | + 76% | |||
| Housing in Panama City (Panama) is 76% more expensive than in Lima (Peru) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,323 B/. (S/. 4,877) | S/. 2,914 | + 67% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 911 B/. (S/. 3,358) | S/. 1,676 | + 100% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 112 B/. (S/. 414) | S/. 205 | + 102% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 955 B/. (S/. 3,519) | S/. 2,252 | + 56% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 653 B/. (S/. 2,408) | S/. 1,169 | + 106% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 96 B/. (S/. 355) | S/. 160 | + 122% | |
| Internet 8 mbps (1 month) | 40 B/. (S/. 148) | S/. 69 | + 115% | |
| 40” flat screen tv | 401 B/. (S/. 1,477) | S/. 1,261 | + 17% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 124 B/. (S/. 459) | S/. 339 | + 35% | |
| Laundry detergent (3 l. ~ 100 oz.) | 6 B/. (S/. 24) | S/. 34 | - 31% | |
| Hourly rate for cleaning help | 5.98 B/. (S/. 22) | S/. 17 | + 26% | |
| Clothes | + 26% | |||
| Clothes in Panama City (Panama) is 26% more expensive than in Lima (Peru) | ||||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (S/. 176) | S/. 155 | + 13% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. (S/. 126) | S/. 89 | + 41% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 69 B/. (S/. 254) | S/. 249 | + 2% | |
| 1 pair of men’s leather business shoes | 80 B/. (S/. 293) | S/. 248 | + 18% | |
| Transportation | + 2% | |||
| Transportation in Panama City (Panama) is about the same as in Lima (Peru) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,059 B/. (S/. 70,237) | S/. 66,001 | + 6% | |
| 1 liter (1/4 gallon) of gas | 0.67 B/. (S/. 2.47) | S/. 3.71 | - 33% | |
| Monthly ticket public transport | 37 B/. (S/. 135) | S/. 122 | + 10% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 12 B/. (S/. 45) | S/. 38 | + 18% | |
| Personal Care | + 67% | |||
| Personal Care in Panama City (Panama) is 67% more expensive than in Lima (Peru) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (S/. 33) | S/. 21 | + 57% | |
| 1 box of antibiotics (12 doses) | 23 B/. (S/. 85) | S/. 22 | + 297% | |
| Short visit to private doctor (15 minutes) | 42 B/. (S/. 153) | S/. 73 | + 110% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.39 B/. (S/. 16) | S/. 19 | - 14% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.60 B/. (S/. 13) | S/. 13 | + 1% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.71 B/. (S/. 21) | S/. 17 | + 26% | |
| 4 rolls of toilet paper | 2.20 B/. (S/. 8) | S/. 4.54 | + 79% | |
| Tube of toothpaste | 2.57 B/. (S/. 9) | S/. 4.43 | + 113% | |
| Standard men's haircut in expat area of the city | 15 B/. (S/. 56) | S/. 43 | + 32% | |
| Entertainment | + 48% | |||
| Entertainment in Panama City (Panama) is 48% more expensive than in Lima (Peru) | ||||
| Basic dinner out for two in neighborhood pub | 32 B/. (S/. 119) | S/. 35 | + 241% | |
| 2 tickets to the movies | 12 B/. (S/. 43) | S/. 34 | + 29% | |
| 2 tickets to the theater (best available seats) | 45 B/. (S/. 166) | S/. 90 | + 85% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 55 B/. (S/. 202) | S/. 107 | + 89% | |
| 1 cocktail drink in downtown club | 10 B/. (S/. 36) | S/. 25 | + 40% | |
| Cappuccino in expat area of the city | 4.84 B/. (S/. 18) | S/. 13 | + 32% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.83 B/. (S/. 14) | S/. 8 | + 78% | |
| Ipad wi-fi 128gb | 519 B/. (S/. 1,911) | S/. 1,819 | + 5% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.24 B/. (S/. 0.87) | S/. 0.57 | + 53% | |
| 1 month of gym membership in business district | 48 B/. (S/. 175) | S/. 163 | + 8% | |
| 1 package of marlboro cigarettes | 5.49 B/. (S/. 20) | S/. 16 | + 26% | |
| TOTAL | + 47% | |||
These prices were last updated on March 05, 2021.
Exchange rate:
3.685
PEN
/
PAB
This comparison is based on abundant and consistent data. It is based on 3,585 prices entered by 334 different people.
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Cost of living in Panama City (Panama) is 47% more expensive than in Lima (Peru)
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