Cost of living in Panama City, Panama vs Maui, United States
Currency:
| Food | - 45% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 45% cheaper than in Maui (United States) | ||||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. ($15) | $19 | - 21% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. ($7) | $9 | - 26% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.52 B/. ($3.52) | $7 | - 52% | |
| 1 liter (1 qt.) of whole fat milk | 1.41 B/. ($1.41) | $1.69 | - 16% | |
| 12 eggs, large | 2.81 B/. ($2.81) | $6 | - 55% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. ($2.47) | $7 | - 65% | |
| 500 gr (16 oz.) of local cheese | 5.73 B/. ($5.72) | $10 | - 42% | |
| 1 kg (2 lb.) of apples | 3.15 B/. ($3.15) | $4.89 | - 36% | |
| 1 kg (2 lb.) of potatoes | 1.95 B/. ($1.95) | $2.41 | - 19% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.04 B/. ($1.04) | $3.43 | - 70% | |
| 1 bottle of red table wine, good quality | 10 B/. ($10) | $16 | - 36% | |
| 2 liters of coca-cola | 2.22 B/. ($2.22) | $2.56 | - 13% | |
| Bread for 2 people for 1 day | 1.52 B/. ($1.52) | $4.30 | - 65% | |
| Housing | - 45% | |||
| Housing in Panama City (Panama) is 45% cheaper than in Maui (United States) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,445 B/. ($1,444) | $2,610 | - 45% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 926 B/. ($925) | $1,963 | - 53% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 106 B/. ($106) | $279 | - 62% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 914 B/. ($913) | $1,732 | - 47% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 608 B/. ($607) | $1,316 | - 54% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 81 B/. ($81) | $143 | - 43% | |
| Internet 8 mbps (1 month) | 41 B/. ($41) | $41 | + 1% | |
| 40” flat screen tv | 360 B/. ($360) | $450 | - 20% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 110 B/. ($110) | $132 | - 16% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. ($7) | $14 | - 50% | |
| Hourly rate for cleaning help | 7 B/. ($7) | $26 | - 72% | |
| Clothes | - 45% | |||
| Clothes in Panama City (Panama) is 45% cheaper than in Maui (United States) | ||||
| 1 pair of jeans (levis 501 or similar) | 48 B/. ($48) | $66 | - 28% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 36 B/. ($36) | $75 | - 52% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 79 B/. ($79) | $101 | - 22% | |
| 1 pair of men’s leather business shoes | 88 B/. ($88) | $172 | - 49% | |
| Transportation | - 20% | |||
| Transportation in Panama City (Panama) is 20% cheaper than in Maui (United States) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,294 B/. ($19,283) | $25,902 | - 26% | |
| 1 liter (1/4 gallon) of gas | 0.67 B/. ($0.67) | $1.03 | - 35% | |
| Monthly ticket public transport | 37 B/. ($36) | $42 | - 14% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 12 B/. ($12) | - | - | |
| Personal Care | - 37% | |||
| Personal Care in Panama City (Panama) is 37% cheaper than in Maui (United States) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. ($9) | $12 | - 24% | |
| 1 box of antibiotics (12 doses) | 22 B/. ($22) | $29 | - 24% | |
| Short visit to private doctor (15 minutes) | 49 B/. ($49) | $115 | - 57% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.25 B/. ($4.24) | $9 | - 52% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.65 B/. ($3.65) | $4.89 | - 25% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6 B/. ($6) | $5.81 | + 3% | |
| 4 rolls of toilet paper | 2.51 B/. ($2.51) | $5.70 | - 56% | |
| Tube of toothpaste | 2.50 B/. ($2.50) | $2.05 | + 22% | |
| Standard men's haircut in expat area of the city | 16 B/. ($16) | $25 | - 36% | |
| Entertainment | - 32% | |||
| Entertainment in Panama City (Panama) is 32% cheaper than in Maui (United States) | ||||
| Basic dinner out for two in neighborhood pub | 32 B/. ($32) | $58 | - 45% | |
| 2 tickets to the movies | 12 B/. ($12) | $26 | - 54% | |
| 2 tickets to the theater (best available seats) | 39 B/. ($39) | $123 | - 68% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 52 B/. ($52) | $110 | - 52% | |
| 1 cocktail drink in downtown club | 10 B/. ($10) | $13 | - 22% | |
| Cappuccino in expat area of the city | 4.98 B/. ($4.98) | $6 | - 18% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.79 B/. ($3.79) | $7 | - 43% | |
| Ipad wi-fi 128gb | 543 B/. ($543) | $429 | + 27% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.24 B/. ($0.24) | - | - | |
| 1 month of gym membership in business district | 46 B/. ($46) | $51 | - 9% | |
| 1 package of marlboro cigarettes | 5.77 B/. ($5.77) | $10 | - 44% | |
| TOTAL | - 39% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 676 prices entered by 68 different people.
These prices were last updated on April 18, 2021.
Exchange rate:
0.999
USD
/
PAB
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Cost of living in Panama City (Panama) is 39% cheaper than in Maui (United States)
For example, to keep the same standard of living that would require $7,800 in Maui you would need to make just about $4,747 (4,749 B/.) in Panama City.
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