Cost of living in Panama compared to Cayman Islands
Currency:
| Food | - 62% | |||
|---|---|---|---|---|
| Food in Panama is 62% cheaper than in Cayman Islands | ||||
| Panama | Cayman Islands | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (CI$12) | CI$25 | - 53% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (CI$6) | CI$12 | - 46% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.91 B/. (CI$3.26) | CI$5.78 | - 44% | |
| 1 liter (1 qt.) of whole fat milk | 1.63 B/. (CI$1.35) | CI$3.49 | - 61% | |
| 12 eggs, large | 2.85 B/. (CI$2.38) | CI$8 | - 72% | |
| 1 kg (2 lb.) of tomatoes | 2.07 B/. (CI$1.72) | CI$9 | - 80% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (CI$6) | CI$8 | - 25% | |
| 1 kg (2 lb.) of apples | 2.55 B/. (CI$2.13) | CI$7 | - 67% | |
| 1 kg (2 lb.) of potatoes | 1.96 B/. (CI$1.64) | CI$5.78 | - 72% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.51 B/. (CI$1.26) | CI$4.84 | - 74% | |
| 1 bottle of red table wine, good quality | 13 B/. (CI$11) | CI$27 | - 59% | |
| 2 liters of coca-cola | 2.44 B/. (CI$2.04) | CI$5.24 | - 61% | |
| Bread for 2 people for 1 day | 1.61 B/. (CI$1.34) | CI$4.03 | - 67% | |
| Housing | - 62% | |||
| Housing in Panama is 62% cheaper than in Cayman Islands | ||||
| Panama | Cayman Islands | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,273 B/. (CI$1,061) | CI$3,447 | - 69% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 852 B/. (CI$710) | CI$2,161 | - 67% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 127 B/. (CI$106) | CI$376 | - 72% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 908 B/. (CI$756) | CI$1,831 | - 59% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 556 B/. (CI$463) | CI$1,539 | - 70% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. (CI$65) | CI$151 | - 57% | |
| Internet 8 mbps (1 month) | 46 B/. (CI$39) | CI$82 | - 53% | |
| 40” flat screen tv | 340 B/. (CI$283) | CI$396 | - 29% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 106 B/. (CI$89) | CI$317 | - 72% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (CI$7) | CI$10 | - 33% | |
| Hourly rate for cleaning help | 15 B/. (CI$13) | CI$12 | + 2% | |
| Clothes | - 60% | |||
| Clothes in Panama is 60% cheaper than in Cayman Islands | ||||
| Panama | Cayman Islands | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (CI$40) | CI$70 | - 43% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 26 B/. (CI$22) | CI$70 | - 69% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 79 B/. (CI$66) | CI$141 | - 53% | |
| 1 pair of men’s leather business shoes | 83 B/. (CI$70) | CI$100 | - 30% | |
| Transportation | + 15% | |||
| Transportation in Panama is 15% more expensive than in Cayman Islands | ||||
| Panama | Cayman Islands | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,433 B/. (CI$18,694) | CI$8,000 | + 134% | |
| 1 liter (1/4 gallon) of gas | 1.29 B/. (CI$1.08) | CI$1.40 | - 23% | |
| Monthly ticket public transport | 42 B/. (CI$35) | - | - | |
| Personal Care | - 21% | |||
| Personal Care in Panama is 21% cheaper than in Cayman Islands | ||||
| Panama | Cayman Islands | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (CI$7) | CI$9 | - 24% | |
| 1 box of antibiotics (12 doses) | 32 B/. (CI$27) | CI$8 | + 238% | |
| Short visit to private doctor (15 minutes) | 62 B/. (CI$52) | CI$127 | - 59% | |
| 1 box of 32 tampons (tampax, ob, ...) | 9 B/. (CI$7) | CI$5.00 | + 48% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.05 B/. (CI$4.21) | CI$6 | - 32% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (CI$5.80) | CI$6 | - 5% | |
| 4 rolls of toilet paper | 3.79 B/. (CI$3.16) | CI$5.00 | - 37% | |
| Tube of toothpaste | 3.38 B/. (CI$2.82) | CI$4.69 | - 40% | |
| Standard men's haircut in expat area of the city | 19 B/. (CI$16) | CI$40 | - 61% | |
| Entertainment | - 46% | |||
| Entertainment in Panama is 46% cheaper than in Cayman Islands | ||||
| Panama | Cayman Islands | Diff | ||
| Basic dinner out for two in neighborhood pub | 29 B/. (CI$24) | CI$74 | - 67% | |
| 2 tickets to the movies | 13 B/. (CI$10) | CI$26 | - 60% | |
| 2 tickets to the theater (best available seats) | 55 B/. (CI$46) | CI$45 | + 2% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 47 B/. (CI$39) | CI$130 | - 70% | |
| 1 cocktail drink in downtown club | 8 B/. (CI$7) | CI$14 | - 48% | |
| Cappuccino in expat area of the city | 5.69 B/. (CI$4.74) | CI$7 | - 35% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. (CI$2.29) | CI$5.66 | - 60% | |
| Ipad wi-fi 128gb | 651 B/. (CI$543) | CI$600 | - 10% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.22 B/. (CI$0.18) | - | - | |
| 1 month of gym membership in business district | 47 B/. (CI$39) | CI$40 | - 1% | |
| 1 package of marlboro cigarettes | 5.66 B/. (CI$4.71) | CI$11 | - 59% | |
| TOTAL | - 51% | |||
These prices were last updated on January 25, 2023.
Exchange rate:
0.833
KYD
/
PAB
This comparison is based on abundant and consistent data. It is based on 902 prices entered by 94 different people.
Cost of living in Panama is 51% cheaper than in Cayman Islands
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