Cost of living in Panama City (Panama) is 49% cheaper than in Sydney (Australia)
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This comparison is based on abundant and consistent data. It is based on 980 prices entered by 144 different people.
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Currency:
| Food | - 33% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 33% cheaper than in Sydney (Australia) | ||||
| Update prices | Update prices | |||
| Panama City | Sydney | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (AU$21) | AU$23 | - 10% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (AU$10) | AU$15 | - 32% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.36 B/. (AU$5.02) | AU$7 | - 26% | |
| 1 liter (1 qt.) of whole fat milk | 1.74 B/. (AU$2.60) | AU$2.21 | + 17% | |
| 12 eggs, large | 2.73 B/. (AU$4.07) | AU$8 | - 49% | |
| 1 kg (2 lb.) of tomatoes | 2.57 B/. (AU$3.83) | AU$6 | - 39% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (AU$10) | AU$10 | - 1% | |
| 1 kg (2 lb.) of apples | 2.56 B/. (AU$3.83) | AU$5.15 | - 26% | |
| 1 kg (2 lb.) of potatoes | 2.27 B/. (AU$3.40) | AU$3.64 | - 7% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.07 B/. (AU$1.60) | AU$7 | - 78% | |
| 1 bottle of red table wine, good quality | 9 B/. (AU$14) | AU$22 | - 35% | |
| 2 liters of coca-cola | 2.49 B/. (AU$3.72) | AU$3.52 | + 6% | |
| Bread for 2 people for 1 day | 1.27 B/. (AU$1.90) | AU$3.85 | - 51% | |
| Housing | - 57% | |||
| Housing in Panama City (Panama) is 57% cheaper than in Sydney (Australia) | ||||
| Update prices | Update prices | |||
| Panama City | Sydney | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,455 B/. (AU$2,172) | AU$5,920 | - 63% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 896 B/. (AU$1,338) | AU$3,819 | - 65% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 126 B/. (AU$189) | AU$212 | - 11% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 897 B/. (AU$1,339) | AU$3,291 | - 59% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 587 B/. (AU$876) | AU$2,340 | - 63% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 95 B/. (AU$142) | AU$153 | - 7% | |
| Internet 8 mbps (1 month) | 40 B/. (AU$60) | AU$76 | - 21% | |
| 40” flat screen tv | 333 B/. (AU$498) | AU$638 | - 22% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 99 B/. (AU$149) | AU$296 | - 50% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (AU$13) | AU$17 | - 23% | |
| Hourly rate for cleaning help | 4.57 B/. (AU$7) | AU$39 | - 82% | |
| Clothes | - 35% | |||
| Clothes in Panama City (Panama) is 35% cheaper than in Sydney (Australia) | ||||
| Update prices | Update prices | |||
| Panama City | Sydney | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 54 B/. (AU$80) | AU$120 | - 33% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 41 B/. (AU$61) | AU$101 | - 40% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 94 B/. (AU$141) | AU$175 | - 20% | |
| 1 pair of men’s leather business shoes | 96 B/. (AU$144) | AU$208 | - 31% | |
| Transportation | - 68% | |||
| Transportation in Panama City (Panama) is 68% cheaper than in Sydney (Australia) | ||||
| Update prices | Update prices | |||
| Panama City | Sydney | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,092 B/. (AU$32,979) | AU$38,979 | - 15% | |
| 1 liter (1/4 gallon) of gas | 1.12 B/. (AU$1.67) | AU$2.06 | - 19% | |
| Monthly ticket public transport | 29 B/. (AU$43) | AU$207 | - 79% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 8 B/. (AU$12) | AU$35 | - 67% | |
| Personal Care | + 20% | |||
| Personal Care in Panama City (Panama) is 20% more expensive than in Sydney (Australia) | ||||
| Update prices | Update prices | |||
| Panama City | Sydney | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (AU$13) | AU$9 | + 39% | |
| 1 box of antibiotics (12 doses) | 22 B/. (AU$33) | AU$15 | + 122% | |
| Short visit to private doctor (15 minutes) | 49 B/. (AU$73) | AU$99 | - 26% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (AU$11) | AU$8 | + 45% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.13 B/. (AU$8) | AU$6 | + 25% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (AU$11) | AU$8 | + 35% | |
| 4 rolls of toilet paper | 3.09 B/. (AU$4.61) | AU$4.11 | + 12% | |
| Tube of toothpaste | 3.08 B/. (AU$4.60) | AU$4.21 | + 9% | |
| Standard men's haircut in expat area of the city | 17 B/. (AU$26) | AU$37 | - 30% | |
| Entertainment | - 25% | |||
| Entertainment in Panama City (Panama) is 25% cheaper than in Sydney (Australia) | ||||
| Update prices | Update prices | |||
| Panama City | Sydney | Diff | ||
| Basic dinner out for two in neighborhood pub | 34 B/. (AU$50) | AU$68 | - 26% | |
| 2 tickets to the movies | 12 B/. (AU$18) | AU$49 | - 64% | |
| 2 tickets to the theater (best available seats) | 45 B/. (AU$68) | AU$253 | - 73% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 55 B/. (AU$83) | AU$142 | - 42% | |
| 1 cocktail drink in downtown club | 10 B/. (AU$16) | AU$21 | - 26% | |
| Cappuccino in expat area of the city | 5.62 B/. (AU$8) | AU$4.96 | + 69% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.84 B/. (AU$4.24) | AU$10 | - 59% | |
| Ipad wi-fi 128gb | 680 B/. (AU$1,015) | AU$904 | + 12% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.32 B/. (AU$0.48) | AU$0.27 | + 81% | |
| 1 month of gym membership in business district | 51 B/. (AU$76) | AU$95 | - 20% | |
| 1 package of marlboro cigarettes | 5.96 B/. (AU$9) | AU$43 | - 80% | |
 |
TOTAL | - 49% | ||
These prices were last updated on September 10, 2024.
Exchange rate:
1.493
AUD
/
PAB
This comparison is based on abundant and consistent data. It is based on 980 prices entered by 144 different people.
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