Cost of living in Panama City, Panama vs Verona, Italy
Currency:
| Food | - 13% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 13% cheaper than in Verona (Italy) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (€13) | €13 | - 5% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (€6) | €8 | - 20% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.52 B/. (€3.21) | €4.32 | - 26% | |
| 1 liter (1 qt.) of whole fat milk | 1.61 B/. (€1.47) | €1.42 | + 4% | |
| 12 eggs, large | 2.37 B/. (€2.16) | €4.15 | - 48% | |
| 1 kg (2 lb.) of tomatoes | 2.44 B/. (€2.23) | €1.96 | + 14% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (€5.74) | €5.62 | + 2% | |
| 1 kg (2 lb.) of apples | 3.08 B/. (€2.81) | €1.75 | + 61% | |
| 1 kg (2 lb.) of potatoes | 1.83 B/. (€1.67) | €1.56 | + 7% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.91 B/. (€0.83) | €1.56 | - 47% | |
| 1 bottle of red table wine, good quality | 10 B/. (€9) | €8 | + 19% | |
| 2 liters of coca-cola | 2.54 B/. (€2.31) | €2.26 | + 2% | |
| Bread for 2 people for 1 day | 1.24 B/. (€1.13) | €1.49 | - 24% | |
| Housing | + 1% | |||
| Housing in Panama City (Panama) is about the same as in Verona (Italy) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,299 B/. (€1,184) | €1,165 | + 2% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 855 B/. (€780) | €730 | + 7% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 115 B/. (€104) | €185 | - 44% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 919 B/. (€838) | €638 | + 31% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 588 B/. (€536) | €484 | + 11% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 103 B/. (€94) | €100 | - 6% | |
| Internet 8 mbps (1 month) | 33 B/. (€31) | €24 | + 26% | |
| 40” flat screen tv | 379 B/. (€346) | €431 | - 20% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 112 B/. (€102) | €122 | - 16% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (€7) | €4.73 | + 56% | |
| Hourly rate for cleaning help | 4.77 B/. (€4.35) | €9 | - 52% | |
| Clothes | - 27% | |||
| Clothes in Panama City (Panama) is 27% cheaper than in Verona (Italy) | ||||
| 1 pair of jeans (levis 501 or similar) | 54 B/. (€49) | €94 | - 48% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. (€31) | €35 | - 11% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 80 B/. (€73) | €88 | - 18% | |
| 1 pair of men’s leather business shoes | 83 B/. (€76) | €133 | - 43% | |
| Transportation | - 30% | |||
| Transportation in Panama City (Panama) is 30% cheaper than in Verona (Italy) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,907 B/. (€18,142) | €20,882 | - 13% | |
| 1 liter (1/4 gallon) of gas | 0.83 B/. (€0.76) | €1.52 | - 50% | |
| Monthly ticket public transport | 26 B/. (€23) | €33 | - 28% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 15 B/. (€13) | €20 | - 34% | |
| Personal Care | + 3% | |||
| Personal Care in Panama City (Panama) is about the same as in Verona (Italy) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (€7) | €8 | - 5% | |
| 1 box of antibiotics (12 doses) | 29 B/. (€26) | €8 | + 246% | |
| Short visit to private doctor (15 minutes) | 49 B/. (€45) | €99 | - 55% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (€6) | €5.09 | + 20% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.67 B/. (€3.35) | €3.61 | - 7% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.62 B/. (€5.13) | €3.88 | + 32% | |
| 4 rolls of toilet paper | 2.31 B/. (€2.10) | €1.61 | + 30% | |
| Tube of toothpaste | 2.71 B/. (€2.47) | €2.34 | + 5% | |
| Standard men's haircut in expat area of the city | 16 B/. (€14) | €19 | - 24% | |
| Entertainment | - 3% | |||
| Entertainment in Panama City (Panama) is about the same as in Verona (Italy) | ||||
| Basic dinner out for two in neighborhood pub | 39 B/. (€36) | €41 | - 13% | |
| 2 tickets to the movies | 13 B/. (€11) | €16 | - 31% | |
| 2 tickets to the theater (best available seats) | 75 B/. (€69) | €94 | - 27% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 58 B/. (€53) | €57 | - 6% | |
| 1 cocktail drink in downtown club | 10 B/. (€9) | €8 | + 21% | |
| Cappuccino in expat area of the city | 4.10 B/. (€3.74) | €1.41 | + 166% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.89 B/. (€2.63) | €4.40 | - 40% | |
| Ipad wi-fi 128gb | 561 B/. (€511) | €444 | + 15% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.23 B/. (€0.21) | €0.18 | + 19% | |
| 1 month of gym membership in business district | 52 B/. (€47) | €50 | - 5% | |
| 1 package of marlboro cigarettes | 5.62 B/. (€5.12) | €5.26 | - 3% | |
| TOTAL | - 11% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,077 prices entered by 86 different people.
These prices were last updated on February 28, 2020.
Exchange rate:
0.911
EUR
/
PAB
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Cost of living in Panama City (Panama) is 11% cheaper than in Verona (Italy)
For example, to keep the same standard of living that would require €3,500 in Verona you would need to make just about €3,106 (3,408 B/.) in Panama City.
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