Cost of living in Panama compared to Denmark
Currency:
| Food | - 29% | |||
|---|---|---|---|---|
| Food in Panama is 29% cheaper than in Denmark | ||||
| Panama | Denmark | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (kr96) | kr135 | - 29% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (kr52) | kr81 | - 36% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.91 B/. (kr27) | kr40 | - 33% | |
| 1 liter (1 qt.) of whole fat milk | 1.63 B/. (kr11) | kr13 | - 14% | |
| 12 eggs, large | 2.85 B/. (kr20) | kr35 | - 45% | |
| 1 kg (2 lb.) of tomatoes | 2.07 B/. (kr14) | kr29 | - 51% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (kr49) | kr49 | + 0% | |
| 1 kg (2 lb.) of apples | 2.55 B/. (kr17) | kr20 | - 10% | |
| 1 kg (2 lb.) of potatoes | 1.96 B/. (kr13) | kr13 | + 7% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.51 B/. (kr10) | kr13 | - 19% | |
| 1 bottle of red table wine, good quality | 13 B/. (kr91) | kr81 | + 13% | |
| 2 liters of coca-cola | 2.44 B/. (kr17) | kr19 | - 11% | |
| Bread for 2 people for 1 day | 1.61 B/. (kr11) | kr20 | - 45% | |
| Housing | - 42% | |||
| Housing in Panama is 42% cheaper than in Denmark | ||||
| Panama | Denmark | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,273 B/. (kr8,706) | kr17,952 | - 52% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 852 B/. (kr5,829) | kr13,200 | - 56% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 127 B/. (kr871) | kr1,801 | - 52% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 908 B/. (kr6,207) | kr11,795 | - 47% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 556 B/. (kr3,803) | kr8,537 | - 55% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. (kr535) | kr872 | - 39% | |
| Internet 8 mbps (1 month) | 46 B/. (kr316) | kr239 | + 33% | |
| 40” flat screen tv | 340 B/. (kr2,324) | kr2,807 | - 17% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 106 B/. (kr727) | kr525 | + 38% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (kr57) | kr67 | - 15% | |
| Hourly rate for cleaning help | 15 B/. (kr104) | kr181 | - 43% | |
| Clothes | - 48% | |||
| Clothes in Panama is 48% cheaper than in Denmark | ||||
| Panama | Denmark | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (kr327) | kr763 | - 57% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 26 B/. (kr179) | kr339 | - 47% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 79 B/. (kr540) | kr779 | - 31% | |
| 1 pair of men’s leather business shoes | 83 B/. (kr571) | kr1,114 | - 49% | |
| Transportation | - 46% | |||
| Transportation in Panama is 46% cheaper than in Denmark | ||||
| Panama | Denmark | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,433 B/. (kr153,437) | kr290,140 | - 47% | |
| 1 liter (1/4 gallon) of gas | 1.29 B/. (kr9) | kr15 | - 43% | |
| Monthly ticket public transport | 42 B/. (kr285) | kr572 | - 50% | |
| Personal Care | + 22% | |||
| Personal Care in Panama is 22% more expensive than in Denmark | ||||
| Panama | Denmark | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (kr57) | kr39 | + 46% | |
| 1 box of antibiotics (12 doses) | 32 B/. (kr222) | kr178 | + 25% | |
| Short visit to private doctor (15 minutes) | 62 B/. (kr425) | kr400 | + 6% | |
| 1 box of 32 tampons (tampax, ob, ...) | 9 B/. (kr61) | kr41 | + 48% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.05 B/. (kr35) | kr31 | + 11% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (kr48) | kr28 | + 71% | |
| 4 rolls of toilet paper | 3.79 B/. (kr26) | kr12 | + 108% | |
| Tube of toothpaste | 3.38 B/. (kr23) | kr16 | + 44% | |
| Standard men's haircut in expat area of the city | 19 B/. (kr130) | kr256 | - 49% | |
| Entertainment | - 33% | |||
| Entertainment in Panama is 33% cheaper than in Denmark | ||||
| Panama | Denmark | Diff | ||
| Basic dinner out for two in neighborhood pub | 29 B/. (kr199) | kr379 | - 48% | |
| 2 tickets to the movies | 13 B/. (kr86) | kr245 | - 65% | |
| 2 tickets to the theater (best available seats) | 55 B/. (kr378) | kr1,135 | - 67% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 47 B/. (kr324) | kr742 | - 56% | |
| 1 cocktail drink in downtown club | 8 B/. (kr58) | kr93 | - 38% | |
| Cappuccino in expat area of the city | 5.69 B/. (kr39) | kr41 | - 6% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. (kr19) | kr51 | - 63% | |
| Ipad wi-fi 128gb | 651 B/. (kr4,454) | kr5,164 | - 14% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.22 B/. (kr1.52) | kr1.04 | + 45% | |
| 1 month of gym membership in business district | 47 B/. (kr324) | kr284 | + 14% | |
| 1 package of marlboro cigarettes | 5.66 B/. (kr39) | kr59 | - 35% | |
| TOTAL | - 37% | |||
These prices were last updated on January 28, 2023.
Exchange rate:
6.840
DKK
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,368 prices entered by 170 different people.
Cost of living in Panama is 37% cheaper than in Denmark
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