Cost of living in Panama City (Panama) is about the same as in Malé (Maldives)
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This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 469 prices entered by 72 different people.
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Currency:
Food | + 4% | |||
---|---|---|---|---|
Food in Panama City (Panama) is 4% more expensive than in Malé (Maldives) | ||||
Update prices | Update prices | |||
Panama City | Malé | Diff | ||
Basic lunchtime menu (including a drink) in the business district | 14 B/. (209 Rufiyaa) | 163 Rufiyaa | + 28% | |
Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (110 Rufiyaa) | 136 Rufiyaa | - 19% | |
500 gr (1 lb.) of boneless chicken breast | 3.62 B/. (56 Rufiyaa) | 60 Rufiyaa | - 7% | |
1 liter (1 qt.) of whole fat milk | 1.71 B/. (26 Rufiyaa) | 29 Rufiyaa | - 8% | |
12 eggs, large | 3.28 B/. (50 Rufiyaa) | 25 Rufiyaa | + 101% | |
1 kg (2 lb.) of tomatoes | 2.45 B/. (38 Rufiyaa) | 40 Rufiyaa | - 6% | |
500 gr (16 oz.) of local cheese | 6 B/. (93 Rufiyaa) | 117 Rufiyaa | - 20% | |
1 kg (2 lb.) of apples | 2.46 B/. (38 Rufiyaa) | 55 Rufiyaa | - 31% | |
1 kg (2 lb.) of potatoes | 2.22 B/. (34 Rufiyaa) | 21 Rufiyaa | + 62% | |
0.5 l (16 oz) domestic beer in the supermarket | 0.98 B/. (15 Rufiyaa) | - | - | |
1 bottle of red table wine, good quality | 12 B/. (178 Rufiyaa) | - | - | |
2 liters of coca-cola | 2.61 B/. (40 Rufiyaa) | 32 Rufiyaa | + 27% | |
Bread for 2 people for 1 day | 1.27 B/. (20 Rufiyaa) | 23 Rufiyaa | - 15% | |
Housing | - 15% | |||
Housing in Panama City (Panama) is 15% cheaper than in Malé (Maldives) | ||||
Update prices | Update prices | |||
Panama City | Malé | Diff | ||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,274 B/. (19,576 Rufiyaa) | 27,086 Rufiyaa | - 28% | |
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 844 B/. (12,963 Rufiyaa) | 18,971 Rufiyaa | - 32% | |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 141 B/. (2,166 Rufiyaa) | 2,695 Rufiyaa | - 20% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 849 B/. (13,037 Rufiyaa) | - | - | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 530 B/. (8,142 Rufiyaa) | - | - | |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 91 B/. (1,394 Rufiyaa) | - | - | |
Internet 8 mbps (1 month) | 41 B/. (633 Rufiyaa) | - | - | |
40” flat screen tv | 333 B/. (5,123 Rufiyaa) | 7,117 Rufiyaa | - 28% | |
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 99 B/. (1,528 Rufiyaa) | 2,671 Rufiyaa | - 43% | |
Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (136 Rufiyaa) | 121 Rufiyaa | + 13% | |
Hourly rate for cleaning help | 4.57 B/. (70 Rufiyaa) | 111 Rufiyaa | - 37% | |
Clothes | - 11% | |||
Clothes in Panama City (Panama) is 11% cheaper than in Malé (Maldives) | ||||
Update prices | Update prices | |||
Panama City | Malé | Diff | ||
1 pair of jeans (levis 501 or similar) | 54 B/. (827 Rufiyaa) | 820 Rufiyaa | + 1% | |
1 summer dress in a high street store (zara, h&m or similar retailers) | 37 B/. (569 Rufiyaa) | 750 Rufiyaa | - 24% | |
1 pair of sport shoes (nike, adidas, or equivalent brands) | 97 B/. (1,495 Rufiyaa) | 1,398 Rufiyaa | + 7% | |
1 pair of men’s leather business shoes | 86 B/. (1,327 Rufiyaa) | 1,150 Rufiyaa | + 15% | |
Transportation | - 9% | |||
Transportation in Panama City (Panama) is 9% cheaper than in Malé (Maldives) | ||||
Update prices | Update prices | |||
Panama City | Malé | Diff | ||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,092 B/. (339,404 Rufiyaa) | - | - | |
1 liter (1/4 gallon) of gas | 1.08 B/. (17 Rufiyaa) | 21 Rufiyaa | - 20% | |
Monthly ticket public transport | 29 B/. (447 Rufiyaa) | 474 Rufiyaa | - 6% | |
Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 8 B/. (119 Rufiyaa) | 206 Rufiyaa | - 42% | |
Personal Care | + 66% | |||
Personal Care in Panama City (Panama) is 66% more expensive than in Malé (Maldives) | ||||
Update prices | Update prices | |||
Panama City | Malé | Diff | ||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (131 Rufiyaa) | 71 Rufiyaa | + 85% | |
1 box of antibiotics (12 doses) | 22 B/. (336 Rufiyaa) | 159 Rufiyaa | + 111% | |
Short visit to private doctor (15 minutes) | 49 B/. (756 Rufiyaa) | 346 Rufiyaa | + 118% | |
1 box of 32 tampons (tampax, ob, ...) | 7 B/. (113 Rufiyaa) | - | - | |
Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.00 B/. (61 Rufiyaa) | 51 Rufiyaa | + 21% | |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (109 Rufiyaa) | 58 Rufiyaa | + 87% | |
4 rolls of toilet paper | 3.20 B/. (49 Rufiyaa) | 49 Rufiyaa | + 1% | |
Tube of toothpaste | 3.08 B/. (47 Rufiyaa) | 28 Rufiyaa | + 69% | |
Standard men's haircut in expat area of the city | 17 B/. (266 Rufiyaa) | 84 Rufiyaa | + 218% | |
Entertainment | + 43% | |||
Entertainment in Panama City (Panama) is 43% more expensive than in Malé (Maldives) | ||||
Update prices | Update prices | |||
Panama City | Malé | Diff | ||
Basic dinner out for two in neighborhood pub | 36 B/. (553 Rufiyaa) | 301 Rufiyaa | + 83% | |
2 tickets to the movies | 13 B/. (196 Rufiyaa) | - | - | |
2 tickets to the theater (best available seats) | 45 B/. (696 Rufiyaa) | - | - | |
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 55 B/. (850 Rufiyaa) | 491 Rufiyaa | + 73% | |
1 cocktail drink in downtown club | 10 B/. (146 Rufiyaa) | - | - | |
Cappuccino in expat area of the city | 5.62 B/. (86 Rufiyaa) | 49 Rufiyaa | + 77% | |
1 beer in neighbourhood pub (500ml or 1pt.) | 2.84 B/. (44 Rufiyaa) | - | - | |
Ipad wi-fi 128gb | 680 B/. (10,450 Rufiyaa) | - | - | |
1 min. of prepaid mobile tariff (no discounts or plans) | 0.32 B/. (4.98 Rufiyaa) | 1.42 Rufiyaa | + 250% | |
1 month of gym membership in business district | 51 B/. (783 Rufiyaa) | 988 Rufiyaa | - 21% | |
1 package of marlboro cigarettes | 5.76 B/. (89 Rufiyaa) | 87 Rufiyaa | + 2% | |
TOTAL | + 2% |
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 469 prices entered by 72 different people.
These prices were last updated on March 19, 2024.
Exchange rate:
15.363
MVR
/
PAB
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For example, you would need at least 75,537 Rufiyaa (4,917 B/.) in Panama City to maintain the same standard of living that you can have with 74,000 Rufiyaa in Malé.
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