Cost of living in Panama City (Panama) is 12% cheaper than in Montevideo (Uruguay)
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This comparison is based on abundant and consistent data. It is based on 1,926 prices entered by 227 different people.
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Currency:
| Food | - 15% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 15% cheaper than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. ($U596) | $U767 | - 22% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. ($U296) | $U444 | - 33% | |
| 500 gr (1 lb.) of boneless chicken breast | 4.42 B/. ($U171) | $U208 | - 18% | |
| 1 liter (1 qt.) of whole fat milk | 1.67 B/. ($U65) | $U42 | + 55% | |
| 12 eggs, large | 2.74 B/. ($U106) | $U169 | - 37% | |
| 1 kg (2 lb.) of tomatoes | 2.42 B/. ($U94) | $U111 | - 16% | |
| 500 gr (16 oz.) of local cheese | 8 B/. ($U318) | $U296 | + 7% | |
| 1 kg (2 lb.) of apples | 2.88 B/. ($U112) | $U78 | + 44% | |
| 1 kg (2 lb.) of potatoes | 2.05 B/. ($U79) | $U56 | + 41% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.54 B/. ($U60) | $U93 | - 36% | |
| 1 bottle of red table wine, good quality | 19 B/. ($U732) | $U358 | + 105% | |
| 2 liters of coca-cola | 2.46 B/. ($U95) | $U128 | - 26% | |
| Bread for 2 people for 1 day | 1.55 B/. ($U60) | $U79 | - 23% | |
| Housing | + 25% | |||
| Housing in Panama City (Panama) is 25% more expensive than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,446 B/. ($U55,948) | $U43,007 | + 30% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 947 B/. ($U36,621) | $U26,535 | + 38% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 141 B/. ($U5,471) | $U3,705 | + 48% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 995 B/. ($U38,488) | $U26,657 | + 44% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 621 B/. ($U24,044) | $U18,481 | + 30% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. ($U3,023) | $U2,438 | + 24% | |
| Internet 8 mbps (1 month) | 45 B/. ($U1,754) | $U1,504 | + 17% | |
| 40” flat screen tv | 329 B/. ($U12,724) | $U18,647 | - 32% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 97 B/. ($U3,762) | $U6,597 | - 43% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. ($U299) | $U256 | + 17% | |
| Hourly rate for cleaning help | 5.23 B/. ($U203) | $U314 | - 36% | |
| Clothes | - 30% | |||
| Clothes in Panama City (Panama) is 30% cheaper than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 47 B/. ($U1,835) | $U3,458 | - 47% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. ($U1,297) | $U1,774 | - 27% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 91 B/. ($U3,516) | $U4,623 | - 24% | |
| 1 pair of men’s leather business shoes | 95 B/. ($U3,680) | $U4,183 | - 12% | |
| Transportation | - 38% | |||
| Transportation in Panama City (Panama) is 38% cheaper than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,565 B/. ($U873,003) | $U1,245,270 | - 30% | |
| 1 liter (1/4 gallon) of gas | 1.19 B/. ($U46) | $U74 | - 38% | |
| Monthly ticket public transport | 35 B/. ($U1,370) | $U2,363 | - 42% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 9 B/. ($U341) | $U471 | - 28% | |
| Personal Care | + 23% | |||
| Personal Care in Panama City (Panama) is 23% more expensive than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. ($U311) | $U310 | + 0% | |
| 1 box of antibiotics (12 doses) | 25 B/. ($U984) | $U554 | + 78% | |
| Short visit to private doctor (15 minutes) | 53 B/. ($U2,062) | $U1,644 | + 25% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. ($U286) | $U369 | - 23% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.29 B/. ($U166) | $U156 | + 6% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. ($U294) | $U330 | - 11% | |
| 4 rolls of toilet paper | 3.92 B/. ($U152) | $U107 | + 41% | |
| Tube of toothpaste | 3.61 B/. ($U139) | $U130 | + 7% | |
| Standard men's haircut in expat area of the city | 18 B/. ($U700) | $U552 | + 27% | |
| Entertainment | - 12% | |||
| Entertainment in Panama City (Panama) is 12% cheaper than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| Basic dinner out for two in neighborhood pub | 35 B/. ($U1,344) | $U1,497 | - 10% | |
| 2 tickets to the movies | 16 B/. ($U608) | $U660 | - 8% | |
| 2 tickets to the theater (best available seats) | 41 B/. ($U1,568) | $U1,262 | + 24% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 54 B/. ($U2,105) | $U2,340 | - 10% | |
| 1 cocktail drink in downtown club | 11 B/. ($U425) | $U425 | + 0% | |
| Cappuccino in expat area of the city | 5.80 B/. ($U224) | $U196 | + 14% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. ($U107) | $U188 | - 43% | |
| Ipad wi-fi 128gb | 590 B/. ($U22,827) | $U53,672 | - 57% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. ($U11) | $U4.92 | + 126% | |
| 1 month of gym membership in business district | 52 B/. ($U1,994) | $U2,666 | - 25% | |
| 1 package of marlboro cigarettes | 5.98 B/. ($U231) | $U201 | + 15% | |
 |
TOTAL | - 12% | ||
These prices were last updated on May 28, 2023.
Exchange rate:
38.689
UYU
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,926 prices entered by 227 different people.
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