Cost of living in Panama City (Panama) is 37% cheaper than in Sydney (Australia)
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This comparison is based on abundant and consistent data. It is based on 1,079 prices entered by 173 different people.
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Currency:
| Food | - 10% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 10% cheaper than in Sydney (Australia) | ||||
| Update prices | Update prices | |||
| Panama City | Sydney | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 17 B/. (AU$25) | AU$20 | + 24% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (AU$12) | AU$14 | - 17% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.85 B/. (AU$5.73) | AU$7 | - 13% | |
| 1 liter (1 qt.) of whole fat milk | 1.69 B/. (AU$2.51) | AU$1.78 | + 41% | |
| 12 eggs, large | 2.91 B/. (AU$4.33) | AU$5.51 | - 21% | |
| 1 kg (2 lb.) of tomatoes | 2.22 B/. (AU$3.29) | AU$9 | - 64% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (AU$11) | AU$8 | + 39% | |
| 1 kg (2 lb.) of apples | 2.75 B/. (AU$4.09) | AU$4.46 | - 8% | |
| 1 kg (2 lb.) of potatoes | 1.85 B/. (AU$2.75) | AU$3.61 | - 24% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.57 B/. (AU$2.33) | AU$4.87 | - 52% | |
| 1 bottle of red table wine, good quality | 17 B/. (AU$25) | AU$18 | + 38% | |
| 2 liters of coca-cola | 2.55 B/. (AU$3.79) | AU$4.12 | - 8% | |
| Bread for 2 people for 1 day | 1.67 B/. (AU$2.48) | AU$2.24 | + 11% | |
| Housing | - 44% | |||
| Housing in Panama City (Panama) is 44% 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 | 1,370 B/. (AU$2,035) | AU$4,110 | - 50% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 898 B/. (AU$1,334) | AU$3,210 | - 58% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 151 B/. (AU$225) | AU$199 | + 13% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 988 B/. (AU$1,468) | AU$2,722 | - 46% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 645 B/. (AU$957) | AU$1,865 | - 49% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 99 B/. (AU$148) | AU$155 | - 5% | |
| Internet 8 mbps (1 month) | 45 B/. (AU$67) | AU$63 | + 8% | |
| 40” flat screen tv | 329 B/. (AU$488) | AU$716 | - 32% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 103 B/. (AU$153) | AU$209 | - 27% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (AU$11) | AU$14 | - 18% | |
| Hourly rate for cleaning help | 5.12 B/. (AU$8) | AU$42 | - 82% | |
| Clothes | - 25% | |||
| Clothes in Panama City (Panama) is 25% cheaper than in Sydney (Australia) | ||||
| Update prices | Update prices | |||
| Panama City | Sydney | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 51 B/. (AU$75) | AU$105 | - 28% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. (AU$50) | AU$68 | - 27% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 90 B/. (AU$133) | AU$161 | - 17% | |
| 1 pair of men’s leather business shoes | 92 B/. (AU$136) | AU$174 | - 22% | |
| Transportation | - 60% | |||
| Transportation in Panama City (Panama) is 60% 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 | 20,211 B/. (AU$30,018) | AU$33,900 | - 11% | |
| 1 liter (1/4 gallon) of gas | 1.18 B/. (AU$1.76) | AU$2.04 | - 14% | |
| Monthly ticket public transport | 35 B/. (AU$53) | AU$191 | - 72% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 9 B/. (AU$13) | AU$28 | - 53% | |
| Personal Care | + 48% | |||
| Personal Care in Panama City (Panama) is 48% 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$11 | + 18% | |
| 1 box of antibiotics (12 doses) | 25 B/. (AU$38) | AU$13 | + 181% | |
| Short visit to private doctor (15 minutes) | 41 B/. (AU$61) | AU$67 | - 8% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (AU$11) | AU$5.74 | + 91% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.29 B/. (AU$6) | AU$4.55 | + 40% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. (AU$11) | AU$4.89 | + 131% | |
| 4 rolls of toilet paper | 3.99 B/. (AU$5.93) | AU$3.59 | + 65% | |
| Tube of toothpaste | 3.61 B/. (AU$5.35) | AU$4.63 | + 16% | |
| Standard men's haircut in expat area of the city | 17 B/. (AU$26) | AU$38 | - 33% | |
| Entertainment | - 18% | |||
| Entertainment in Panama City (Panama) is 18% cheaper than in Sydney (Australia) | ||||
| Update prices | Update prices | |||
| Panama City | Sydney | Diff | ||
| Basic dinner out for two in neighborhood pub | 33 B/. (AU$49) | AU$67 | - 26% | |
| 2 tickets to the movies | 14 B/. (AU$21) | AU$40 | - 47% | |
| 2 tickets to the theater (best available seats) | 43 B/. (AU$64) | AU$215 | - 70% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 54 B/. (AU$80) | AU$120 | - 33% | |
| 1 cocktail drink in downtown club | 11 B/. (AU$16) | AU$19 | - 14% | |
| Cappuccino in expat area of the city | 5.90 B/. (AU$9) | AU$5.06 | + 73% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. (AU$4.09) | AU$8 | - 51% | |
| Ipad wi-fi 128gb | 590 B/. (AU$876) | AU$719 | + 22% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.30 B/. (AU$0.45) | AU$0.21 | + 109% | |
| 1 month of gym membership in business district | 53 B/. (AU$79) | AU$91 | - 14% | |
| 1 package of marlboro cigarettes | 5.98 B/. (AU$9) | AU$37 | - 76% | |
 |
TOTAL | - 37% | ||
These prices were last updated on June 10, 2023.
Exchange rate:
1.485
AUD
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,079 prices entered by 173 different people.
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