- Cost of Living
- Panama
- China
- Comparison
Cost of living in Panama compared to China
Currency:
| Food | + 6% | |||
|---|---|---|---|---|
| Food in Panama is 6% more expensive than in China | ||||
| Basic lunchtime menu (including a drink) in the business district | 8 B/. (元54) | 元54 | + 1% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (元39) | 元33 | + 20% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.62 B/. (元17) | 元17 | + 1% | |
| 1 liter (1 qt.) of whole fat milk | 1.53 B/. (元10) | 元16 | - 39% | |
| 12 eggs, large | 2.62 B/. (元17) | 元16 | + 7% | |
| 1 kg (2 lb.) of tomatoes | 2.83 B/. (元18) | 元8 | + 115% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (元44) | 元63 | - 30% | |
| 1 kg (2 lb.) of apples | 4.43 B/. (元28) | 元14 | + 102% | |
| 1 kg (2 lb.) of potatoes | 1.95 B/. (元12) | 元7 | + 81% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.88 B/. (元5.63) | 元5.32 | + 6% | |
| 1 bottle of red table wine, good quality | 10 B/. (元64) | 元108 | - 41% | |
| 2 liters of Coca-Cola | 2.21 B/. (元14) | 元8 | + 76% | |
| Bread for 2 people for 1 day | 1.52 B/. (元10) | 元13 | - 27% | |
| Housing | + 21% | |||
| Housing in Panama is 21% more expensive than in China | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,510 B/. (元9,642) | 元10,335 | - 7% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 921 B/. (元5,883) | 元5,294 | + 11% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 164 B/. (元1,049) | 元454 | + 131% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,109 B/. (元7,082) | 元5,540 | + 28% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 681 B/. (元4,345) | 元3,778 | + 15% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 123 B/. (元788) | 元339 | + 132% | |
| Internet 8 Mbps (1 month) | 33 B/. (元208) | 元87 | + 138% | |
| 40” flat screen TV | 329 B/. (元2,098) | 元2,333 | - 10% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 82 B/. (元525) | 元668 | - 21% | |
| Laundry detergent (3 l. ~ 100 oz.) | 13 B/. (元83) | 元40 | + 109% | |
| Hourly rate for cleaning help | 3.98 B/. (元25) | 元35 | - 27% | |
| Clothes | - 17% | |||
| Clothes in Panama is 17% cheaper than in China | ||||
| 1 pair of jeans (Levis 501 or similar) | 55 B/. (元351) | 元543 | - 35% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 36 B/. (元229) | 元254 | - 10% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 74 B/. (元472) | 元616 | - 23% | |
| 1 pair of men’s leather business shoes | 100 B/. (元637) | 元612 | + 4% | |
| Transportation | + 1% | |||
| Transportation in Panama is 1% more expensive than in China | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 18,091 B/. (元115,513) | 元147,964 | - 22% | |
| 1 liter (1/4 gallon) of gas | 0.78 B/. (元4.98) | 元7 | - 26% | |
| Monthly ticket public transport | 33 B/. (元213) | 元149 | + 42% | |
| Personal Care | + 16% | |||
| Personal Care in Panama is 16% more expensive than in China | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 7 B/. (元47) | 元25 | + 88% | |
| 1 box of antibiotics (12 doses) | 10 B/. (元64) | 元41 | + 56% | |
| Short visit to private Doctor (15 minutes) | 41 B/. (元259) | 元265 | - 2% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 7 B/. (元46) | 元32 | + 44% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.81 B/. (元37) | 元44 | - 15% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.17 B/. (元33) | 元37 | - 12% | |
| 4 rolls of toilet paper | 3.40 B/. (元22) | 元9 | + 131% | |
| Tube of toothpaste | 2.66 B/. (元17) | 元12 | + 44% | |
| Standard men's haircut in expat area of the city | 11 B/. (元73) | 元62 | + 18% | |
| Entertainment | - 28% | |||
| Entertainment in Panama is 28% cheaper than in China | ||||
| Basic dinner out for two in neighborhood pub | 40 B/. (元254) | 元169 | + 50% | |
| 2 tickets to the movies | 12 B/. (元75) | 元97 | - 23% | |
| 2 tickets to the theater (best available seats) | 86 B/. (元547) | 元858 | - 36% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 66 B/. (元422) | 元417 | + 1% | |
| 1 cocktail drink in downtown club | 9 B/. (元55) | 元66 | - 17% | |
| Cappuccino in expat area of the city | 4.62 B/. (元30) | 元35 | - 15% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.71 B/. (元24) | 元35 | - 33% | |
| iPad Wi-Fi 128GB | 668 B/. (元4,265) | 元3,326 | + 28% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.15 B/. (元0.96) | 元7 | - 86% | |
| 1 month of gym membership in business district | 61 B/. (元388) | 元420 | - 8% | |
| 1 package of Marlboro cigarettes | 5.04 B/. (元32) | 元20 | + 61% | |
| TOTAL | - 1% | |||
These prices were last updated on May 23, 2018.
Exchange rate:
6.385
CNY
/
PAB
This comparison is based on abundant and consistent data. It is based on 4,709 prices entered by 688 different people.
Cost of living in Panama is about the same as in China
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