Cost of living in Panama City, Panama vs Maui, United States
Currency:
| Food | - 46% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 46% cheaper than in Maui (United States) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. ($14) | $17 | - 20% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. ($7) | $10 | - 30% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.52 B/. ($3.52) | $7 | - 50% | |
| 1 liter (1 qt.) of whole fat milk | 1.61 B/. ($1.61) | $1.63 | - 1% | |
| 12 eggs, large | 2.37 B/. ($2.37) | $5.76 | - 59% | |
| 1 kg (2 lb.) of tomatoes | 2.44 B/. ($2.44) | $7 | - 65% | |
| 500 gr (16 oz.) of local cheese | 6 B/. ($6) | $9 | - 31% | |
| 1 kg (2 lb.) of apples | 3.08 B/. ($3.08) | $4.76 | - 35% | |
| 1 kg (2 lb.) of potatoes | 1.83 B/. ($1.83) | $2.52 | - 27% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.91 B/. ($0.91) | $3.23 | - 72% | |
| 1 bottle of red table wine, good quality | 10 B/. ($10) | $16 | - 36% | |
| 2 liters of coca-cola | 2.54 B/. ($2.54) | $2.45 | + 3% | |
| Bread for 2 people for 1 day | 1.24 B/. ($1.24) | $4.45 | - 72% | |
| Housing | - 48% | |||
| Housing in Panama City (Panama) is 48% cheaper than in Maui (United States) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,290 B/. ($1,289) | $2,509 | - 49% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 855 B/. ($855) | $1,851 | - 54% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 115 B/. ($115) | $266 | - 57% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 919 B/. ($919) | $1,584 | - 42% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 588 B/. ($588) | $1,246 | - 53% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 103 B/. ($103) | $137 | - 25% | |
| Internet 8 mbps (1 month) | 33 B/. ($33) | $41 | - 18% | |
| 40” flat screen tv | 379 B/. ($379) | $450 | - 16% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 112 B/. ($112) | $132 | - 15% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. ($8) | $14 | - 43% | |
| Hourly rate for cleaning help | 4.77 B/. ($4.77) | $26 | - 82% | |
| Clothes | - 47% | |||
| Clothes in Panama City (Panama) is 47% cheaper than in Maui (United States) | ||||
| 1 pair of jeans (levis 501 or similar) | 54 B/. ($54) | $66 | - 19% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. ($34) | $75 | - 55% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 80 B/. ($80) | $100 | - 20% | |
| 1 pair of men’s leather business shoes | 83 B/. ($83) | $181 | - 54% | |
| Transportation | - 29% | |||
| Transportation in Panama City (Panama) is 29% cheaper than in Maui (United States) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,907 B/. ($19,904) | $25,902 | - 23% | |
| 1 liter (1/4 gallon) of gas | 0.83 B/. ($0.83) | $1.02 | - 19% | |
| Monthly ticket public transport | 26 B/. ($26) | $43 | - 40% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 15 B/. ($15) | - | - | |
| Personal Care | - 32% | |||
| Personal Care in Panama City (Panama) is 32% cheaper than in Maui (United States) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. ($8) | $12 | - 32% | |
| 1 box of antibiotics (12 doses) | 29 B/. ($29) | $28 | + 1% | |
| Short visit to private doctor (15 minutes) | 49 B/. ($49) | $115 | - 57% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. ($7) | $9 | - 23% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.67 B/. ($3.67) | $5.06 | - 28% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.62 B/. ($5.62) | $5.65 | - 1% | |
| 4 rolls of toilet paper | 2.18 B/. ($2.18) | $5.11 | - 57% | |
| Tube of toothpaste | 2.71 B/. ($2.70) | $1.99 | + 36% | |
| Standard men's haircut in expat area of the city | 16 B/. ($16) | $25 | - 38% | |
| Entertainment | - 26% | |||
| Entertainment in Panama City (Panama) is 26% cheaper than in Maui (United States) | ||||
| Basic dinner out for two in neighborhood pub | 39 B/. ($39) | $57 | - 31% | |
| 2 tickets to the movies | 13 B/. ($13) | $25 | - 50% | |
| 2 tickets to the theater (best available seats) | 75 B/. ($75) | $202 | - 63% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 60 B/. ($60) | $97 | - 38% | |
| 1 cocktail drink in downtown club | 10 B/. ($10) | $12 | - 17% | |
| Cappuccino in expat area of the city | 4.10 B/. ($4.10) | $5.90 | - 30% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.89 B/. ($2.89) | $6 | - 56% | |
| Ipad wi-fi 128gb | 561 B/. ($561) | $429 | + 31% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.23 B/. ($0.23) | - | - | |
| 1 month of gym membership in business district | 52 B/. ($52) | $51 | + 2% | |
| 1 package of marlboro cigarettes | 5.62 B/. ($5.61) | $10 | - 45% | |
| TOTAL | - 41% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 1,022 prices entered by 90 different people.
These prices were last updated on March 29, 2020.
Exchange rate:
1.000
USD
/
PAB
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Cost of living in Panama City (Panama) is 41% cheaper than in Maui (United States)
For example, to keep the same standard of living that would require $7,400 in Maui you would need to make just about $4,402 (4,403 B/.) in Panama City.
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