Cost of living in Panama City, Panama vs Springfield, Illinois, United States
Currency:
| Food | - 1% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is about the same as in Springfield, Illinois (United States) | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. ($13) | $14 | - 5% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. ($7) | $7 | + 3% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.07 B/. ($3.07) | $3.11 | - 1% | |
| 1 liter (1 qt.) of whole fat milk | 1.47 B/. ($1.47) | $0.59 | + 148% | |
| 12 eggs, large | 2.81 B/. ($2.81) | $1.82 | + 54% | |
| 1 kg (2 lb.) of tomatoes | 2.71 B/. ($2.71) | $3.41 | - 21% | |
| 500 gr (16 oz.) of local cheese | 6 B/. ($6) | $4.03 | + 49% | |
| 1 kg (2 lb.) of apples | 3.22 B/. ($3.22) | $2.88 | + 12% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. ($2.00) | $1.54 | + 30% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.04 B/. ($1.04) | $2.05 | - 49% | |
| 1 bottle of red table wine, good quality | 10 B/. ($10) | $14 | - 30% | |
| 2 liters of coca-cola | 2.22 B/. ($2.22) | $1.85 | + 20% | |
| Bread for 2 people for 1 day | 1.61 B/. ($1.61) | $1.53 | + 5% | |
| Housing | - 13% | |||
| Housing in Panama City (Panama) is 13% cheaper than in Springfield, Illinois (United States) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,323 B/. ($1,323) | $1,110 | + 19% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 911 B/. ($911) | $917 | - 1% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 112 B/. ($112) | $164 | - 32% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 986 B/. ($986) | $791 | + 25% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 653 B/. ($653) | $801 | - 18% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 96 B/. ($96) | $147 | - 35% | |
| Internet 8 mbps (1 month) | 40 B/. ($40) | $63 | - 37% | |
| 40” flat screen tv | 401 B/. ($401) | $308 | + 30% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 124 B/. ($124) | $123 | + 1% | |
| Laundry detergent (3 l. ~ 100 oz.) | 6 B/. ($6) | $13 | - 51% | |
| Hourly rate for cleaning help | 5.98 B/. ($5.98) | $16 | - 63% | |
| Clothes | - 24% | |||
| Clothes in Panama City (Panama) is 24% cheaper than in Springfield, Illinois (United States) | ||||
| 1 pair of jeans (levis 501 or similar) | 48 B/. ($48) | $56 | - 14% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. ($34) | $44 | - 22% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 69 B/. ($69) | $105 | - 34% | |
| 1 pair of men’s leather business shoes | 80 B/. ($80) | $120 | - 33% | |
| Transportation | - 1% | |||
| Transportation in Panama City (Panama) is about the same as in Springfield, Illinois (United States) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,059 B/. ($19,059) | $24,648 | - 23% | |
| 1 liter (1/4 gallon) of gas | 0.67 B/. ($0.67) | $0.69 | - 2% | |
| Monthly ticket public transport | 37 B/. ($37) | $29 | + 25% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 12 B/. ($12) | $15 | - 21% | |
| Personal Care | - 4% | |||
| Personal Care in Panama City (Panama) is about the same as in Springfield, Illinois (United States) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. ($9) | $4.39 | + 106% | |
| 1 box of antibiotics (12 doses) | 23 B/. ($23) | $15 | + 55% | |
| Short visit to private doctor (15 minutes) | 42 B/. ($42) | $89 | - 53% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.39 B/. ($4.39) | $5.95 | - 26% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.60 B/. ($3.60) | $2.65 | + 36% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.71 B/. ($5.71) | $3.18 | + 79% | |
| 4 rolls of toilet paper | 2.20 B/. ($2.20) | $4.74 | - 54% | |
| Tube of toothpaste | 2.57 B/. ($2.57) | $1.19 | + 116% | |
| Standard men's haircut in expat area of the city | 15 B/. ($15) | $10 | + 56% | |
| Entertainment | - 5% | |||
| Entertainment in Panama City (Panama) is 5% cheaper than in Springfield, Illinois (United States) | ||||
| Basic dinner out for two in neighborhood pub | 32 B/. ($32) | $33 | - 3% | |
| 2 tickets to the movies | 12 B/. ($12) | $22 | - 47% | |
| 2 tickets to the theater (best available seats) | 45 B/. ($45) | $80 | - 44% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 55 B/. ($55) | $53 | + 3% | |
| 1 cocktail drink in downtown club | 10 B/. ($10) | $15 | - 34% | |
| Cappuccino in expat area of the city | 4.84 B/. ($4.84) | $6 | - 23% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.83 B/. ($3.83) | $5.00 | - 23% | |
| Ipad wi-fi 128gb | 519 B/. ($519) | $431 | + 20% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.24 B/. ($0.24) | - | - | |
| 1 month of gym membership in business district | 48 B/. ($48) | $34 | + 39% | |
| 1 package of marlboro cigarettes | 5.49 B/. ($5.49) | $7 | - 22% | |
| TOTAL | - 7% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 628 prices entered by 66 different people.
These prices were last updated on March 06, 2021.
Exchange rate:
1.000
USD
/
PAB
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Cost of living in Panama City (Panama) is 7% cheaper than in Springfield, Illinois (United States)
For example, to keep the same standard of living that would require $3,100 in Springfield, Illinois you would need to make just about $2,886 (2,886 B/.) in Panama City.
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