Cost of living in Panama compared to Chile
Currency:
Food | + 16% | |||
---|---|---|---|---|
Food in Panama is 16% more expensive than in Chile | ||||
Panama | Chile | Diff | ||
Basic lunchtime menu (including a drink) in the business district | 16 B/. (CH$14,953) | CH$15,606 | - 4% | |
Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (CH$7,338) | CH$7,214 | + 2% | |
500 gr (1 lb.) of boneless chicken breast | 3.36 B/. (CH$3,219) | CH$2,682 | + 20% | |
1 liter (1 qt.) of whole fat milk | 1.77 B/. (CH$1,695) | CH$1,154 | + 47% | |
12 eggs, large | 2.68 B/. (CH$2,560) | CH$3,554 | - 28% | |
1 kg (2 lb.) of tomatoes | 2.39 B/. (CH$2,292) | CH$1,469 | + 56% | |
500 gr (16 oz.) of local cheese | 6 B/. (CH$6,164) | CH$5,578 | + 11% | |
1 kg (2 lb.) of apples | 1.97 B/. (CH$1,882) | CH$1,611 | + 17% | |
1 kg (2 lb.) of potatoes | 2.71 B/. (CH$2,595) | CH$1,457 | + 78% | |
0.5 l (16 oz) domestic beer in the supermarket | 1.35 B/. (CH$1,293) | CH$1,208 | + 7% | |
1 bottle of red table wine, good quality | 10 B/. (CH$9,522) | CH$6,249 | + 52% | |
2 liters of coca-cola | 2.29 B/. (CH$2,190) | CH$2,197 | - 0% | |
Bread for 2 people for 1 day | 1.96 B/. (CH$1,873) | CH$689 | + 172% | |
Housing | + 53% | |||
Housing in Panama is 53% more expensive than in Chile | ||||
Panama | Chile | Diff | ||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,415 B/. (CH$1,354,494) | CH$1,039,730 | + 30% | |
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 969 B/. (CH$927,075) | CH$650,846 | + 42% | |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 117 B/. (CH$112,025) | CH$85,651 | + 31% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 972 B/. (CH$930,718) | CH$597,617 | + 56% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 650 B/. (CH$621,746) | CH$419,977 | + 48% | |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 96 B/. (CH$91,834) | CH$56,165 | + 64% | |
Internet 8 mbps (1 month) | 44 B/. (CH$41,977) | CH$15,232 | + 176% | |
40” flat screen tv | 300 B/. (CH$287,115) | CH$252,013 | + 14% | |
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 113 B/. (CH$107,820) | CH$80,913 | + 33% | |
Laundry detergent (3 l. ~ 100 oz.) | 29 B/. (CH$27,933) | CH$10,148 | + 175% | |
Hourly rate for cleaning help | 10 B/. (CH$9,161) | CH$10,690 | - 14% | |
Clothes | + 54% | |||
Clothes in Panama is 54% more expensive than in Chile | ||||
Panama | Chile | Diff | ||
1 pair of jeans (levis 501 or similar) | 46 B/. (CH$43,700) | CH$48,843 | - 11% | |
1 summer dress in a high street store (zara, h&m or similar retailers) | 65 B/. (CH$62,208) | CH$30,222 | + 106% | |
1 pair of sport shoes (nike, adidas, or equivalent brands) | 113 B/. (CH$108,457) | CH$71,505 | + 52% | |
1 pair of men’s leather business shoes | 134 B/. (CH$128,196) | CH$80,821 | + 59% | |
Transportation | - 20% | |||
Transportation in Panama is 20% cheaper than in Chile | ||||
Panama | Chile | Diff | ||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 24,303 B/. (CH$23,259,384) | CH$18,681,300 | + 25% | |
1 liter (1/4 gallon) of gas | 1.00 B/. (CH$958) | CH$1,311 | - 27% | |
Monthly ticket public transport | 27 B/. (CH$26,278) | CH$39,657 | - 34% | |
Personal Care | + 59% | |||
Personal Care in Panama is 59% more expensive than in Chile | ||||
Panama | Chile | Diff | ||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 10 B/. (CH$9,471) | CH$3,910 | + 142% | |
1 box of antibiotics (12 doses) | 20 B/. (CH$19,141) | CH$11,789 | + 62% | |
Short visit to private doctor (15 minutes) | 65 B/. (CH$62,286) | CH$43,702 | + 43% | |
1 box of 32 tampons (tampax, ob, ...) | 8 B/. (CH$7,656) | CH$5,389 | + 42% | |
Deodorant, roll-on (50ml ~ 1.5 oz.) | 7 B/. (CH$7,128) | CH$4,160 | + 71% | |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 9 B/. (CH$8,350) | CH$4,341 | + 92% | |
4 rolls of toilet paper | 3.25 B/. (CH$3,111) | CH$2,087 | + 49% | |
Tube of toothpaste | 3.70 B/. (CH$3,538) | CH$2,417 | + 46% | |
Standard men's haircut in expat area of the city | 15 B/. (CH$13,918) | CH$16,952 | - 18% | |
Entertainment | + 49% | |||
Entertainment in Panama is 49% more expensive than in Chile | ||||
Panama | Chile | Diff | ||
Basic dinner out for two in neighborhood pub | 37 B/. (CH$35,312) | CH$33,337 | + 6% | |
2 tickets to the movies | 11 B/. (CH$10,972) | CH$12,294 | - 11% | |
2 tickets to the theater (best available seats) | 30 B/. (CH$28,712) | CH$30,740 | - 7% | |
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 63 B/. (CH$60,115) | CH$50,130 | + 20% | |
1 cocktail drink in downtown club | 12 B/. (CH$11,811) | CH$8,225 | + 44% | |
Cappuccino in expat area of the city | 5.00 B/. (CH$4,785) | CH$4,052 | + 18% | |
1 beer in neighbourhood pub (500ml or 1pt.) | 5.36 B/. (CH$5,128) | CH$3,847 | + 33% | |
Ipad wi-fi 128gb | 536 B/. (CH$512,718) | CH$549,935 | - 7% | |
1 min. of prepaid mobile tariff (no discounts or plans) | 0.50 B/. (CH$479) | CH$105 | + 354% | |
1 month of gym membership in business district | 51 B/. (CH$49,124) | CH$54,804 | - 10% | |
1 package of marlboro cigarettes | 8 B/. (CH$7,263) | CH$4,804 | + 51% | |
TOTAL | + 26% |
These prices were last updated on February 10, 2025.
Exchange rate:
957.050
CLP
/
PAB
This comparison is based on abundant and consistent data. It is based on 2,647 prices entered by 262 different people.
Cost of living in Panama is 26% more expensive than in Chile
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