Cost of living in Panama compared to Australia
Currency:
| Food | - 12% | |||
|---|---|---|---|---|
| Food in Panama is 12% cheaper than in Australia | ||||
| Panama | Australia | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 16 B/. (AU$24) | AU$21 | + 11% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (AU$12) | AU$14 | - 16% | |
| 500 gr (1 lb.) of boneless chicken breast | 4.10 B/. (AU$6) | AU$7 | - 9% | |
| 1 liter (1 qt.) of whole fat milk | 1.65 B/. (AU$2.45) | AU$1.81 | + 36% | |
| 12 eggs, large | 2.99 B/. (AU$4.44) | AU$6 | - 30% | |
| 1 kg (2 lb.) of tomatoes | 2.30 B/. (AU$3.41) | AU$7 | - 52% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (AU$11) | AU$9 | + 25% | |
| 1 kg (2 lb.) of apples | 2.73 B/. (AU$4.05) | AU$4.83 | - 16% | |
| 1 kg (2 lb.) of potatoes | 1.92 B/. (AU$2.86) | AU$3.47 | - 18% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.53 B/. (AU$2.27) | AU$5.53 | - 59% | |
| 1 bottle of red table wine, good quality | 16 B/. (AU$24) | AU$19 | + 23% | |
| 2 liters of coca-cola | 2.55 B/. (AU$3.79) | AU$3.75 | + 1% | |
| Bread for 2 people for 1 day | 1.74 B/. (AU$2.59) | AU$2.80 | - 8% | |
| Housing | - 31% | |||
| Housing in Panama is 31% cheaper than in Australia | ||||
| Panama | Australia | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,349 B/. (AU$2,004) | AU$3,062 | - 35% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 907 B/. (AU$1,346) | AU$2,281 | - 41% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 145 B/. (AU$215) | AU$231 | - 7% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 936 B/. (AU$1,391) | AU$2,199 | - 37% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 930 B/. (AU$1,381) | AU$1,704 | - 19% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 99 B/. (AU$148) | AU$176 | - 16% | |
| Internet 8 mbps (1 month) | 45 B/. (AU$67) | AU$67 | + 0% | |
| 40” flat screen tv | 332 B/. (AU$492) | AU$599 | - 18% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 101 B/. (AU$150) | AU$277 | - 46% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (AU$11) | AU$12 | - 7% | |
| Hourly rate for cleaning help | 5.12 B/. (AU$8) | AU$36 | - 79% | |
| Clothes | - 38% | |||
| Clothes in Panama is 38% cheaper than in Australia | ||||
| Panama | Australia | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (AU$71) | AU$108 | - 34% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 31 B/. (AU$46) | AU$84 | - 45% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 88 B/. (AU$130) | AU$165 | - 21% | |
| 1 pair of men’s leather business shoes | 90 B/. (AU$133) | AU$168 | - 21% | |
| Transportation | - 51% | |||
| Transportation in Panama is 51% cheaper than in Australia | ||||
| Panama | Australia | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 21,660 B/. (AU$32,168) | AU$33,972 | - 5% | |
| 1 liter (1/4 gallon) of gas | 1.25 B/. (AU$1.86) | AU$1.90 | - 2% | |
| Monthly ticket public transport | 36 B/. (AU$53) | AU$159 | - 67% | |
| Personal Care | + 24% | |||
| Personal Care in Panama is 24% more expensive than in Australia | ||||
| Panama | Australia | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (AU$14) | AU$8 | + 60% | |
| 1 box of antibiotics (12 doses) | 24 B/. (AU$35) | AU$22 | + 60% | |
| Short visit to private doctor (15 minutes) | 41 B/. (AU$61) | AU$77 | - 20% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (AU$11) | AU$8 | + 37% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.80 B/. (AU$5.65) | AU$5.05 | + 12% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (AU$11) | AU$6 | + 80% | |
| 4 rolls of toilet paper | 3.78 B/. (AU$5.61) | AU$4.27 | + 31% | |
| Tube of toothpaste | 3.41 B/. (AU$5.07) | AU$4.32 | + 17% | |
| Standard men's haircut in expat area of the city | 15 B/. (AU$23) | AU$34 | - 33% | |
| Entertainment | - 26% | |||
| Entertainment in Panama is 26% cheaper than in Australia | ||||
| Panama | Australia | Diff | ||
| Basic dinner out for two in neighborhood pub | 32 B/. (AU$47) | AU$61 | - 23% | |
| 2 tickets to the movies | 15 B/. (AU$23) | AU$39 | - 43% | |
| 2 tickets to the theater (best available seats) | 32 B/. (AU$48) | AU$275 | - 83% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 54 B/. (AU$80) | AU$112 | - 29% | |
| 1 cocktail drink in downtown club | 11 B/. (AU$16) | AU$20 | - 17% | |
| Cappuccino in expat area of the city | 5.66 B/. (AU$8) | AU$5.12 | + 64% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.67 B/. (AU$3.97) | AU$10 | - 60% | |
| Ipad wi-fi 128gb | 590 B/. (AU$876) | AU$815 | + 7% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.30 B/. (AU$0.44) | AU$0.39 | + 14% | |
| 1 month of gym membership in business district | 51 B/. (AU$76) | AU$70 | + 9% | |
| 1 package of marlboro cigarettes | 5.73 B/. (AU$9) | AU$42 | - 80% | |
| TOTAL | - 31% | |||
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 3,119 prices entered by 452 different people.
Cost of living in Panama is 31% cheaper than in Australia
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