Cost of living in Panama compared to Ecuador
Currency:
Food | + 14% | |||
---|---|---|---|---|
Food in Panama is 14% more expensive than in Ecuador | ||||
Panama | Ecuador | Diff | ||
Basic lunchtime menu (including a drink) in the business district | 14 B/. ($14) | $10 | + 32% | |
Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. ($7) | $7 | - 4% | |
500 gr (1 lb.) of boneless chicken breast | 3.30 B/. ($3.30) | $2.98 | + 11% | |
1 liter (1 qt.) of whole fat milk | 1.73 B/. ($1.74) | $1.13 | + 53% | |
12 eggs, large | 2.63 B/. ($2.63) | $2.47 | + 7% | |
1 kg (2 lb.) of tomatoes | 2.58 B/. ($2.59) | $1.33 | + 94% | |
500 gr (16 oz.) of local cheese | 6 B/. ($6) | $5.01 | + 21% | |
1 kg (2 lb.) of apples | 1.97 B/. ($1.97) | $1.80 | + 9% | |
1 kg (2 lb.) of potatoes | 2.41 B/. ($2.41) | $1.33 | + 81% | |
0.5 l (16 oz) domestic beer in the supermarket | 1.16 B/. ($1.16) | $1.83 | - 36% | |
1 bottle of red table wine, good quality | 10 B/. ($10) | $13 | - 23% | |
2 liters of coca-cola | 2.54 B/. ($2.54) | $2.23 | + 14% | |
Bread for 2 people for 1 day | 1.15 B/. ($1.15) | $1.13 | + 1% | |
Housing | + 75% | |||
Housing in Panama is 75% more expensive than in Ecuador | ||||
Panama | Ecuador | Diff | ||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,507 B/. ($1,508) | $804 | + 88% | |
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 905 B/. ($905) | $454 | + 99% | |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 107 B/. ($108) | $50 | + 114% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 875 B/. ($875) | $519 | + 69% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 559 B/. ($559) | $332 | + 69% | |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 100 B/. ($100) | $42 | + 140% | |
Internet 8 mbps (1 month) | 35 B/. ($35) | $23 | + 55% | |
40” flat screen tv | 317 B/. ($317) | $398 | - 20% | |
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 116 B/. ($116) | $135 | - 14% | |
Laundry detergent (3 l. ~ 100 oz.) | 45 B/. ($45) | $7 | + 522% | |
Hourly rate for cleaning help | 7 B/. ($7) | $10 | - 35% | |
Clothes | - 6% | |||
Clothes in Panama is 6% cheaper than in Ecuador | ||||
Panama | Ecuador | Diff | ||
1 pair of jeans (levis 501 or similar) | 36 B/. ($36) | $62 | - 42% | |
1 summer dress in a high street store (zara, h&m or similar retailers) | 47 B/. ($47) | $43 | + 9% | |
1 pair of sport shoes (nike, adidas, or equivalent brands) | 96 B/. ($96) | $107 | - 10% | |
1 pair of men’s leather business shoes | 94 B/. ($94) | $86 | + 9% | |
Transportation | - 5% | |||
Transportation in Panama is 5% cheaper than in Ecuador | ||||
Panama | Ecuador | Diff | ||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,809 B/. ($22,815) | $22,006 | + 4% | |
1 liter (1/4 gallon) of gas | 1.01 B/. ($1.01) | $1.20 | - 16% | |
Monthly ticket public transport | 25 B/. ($25) | $27 | - 5% | |
Personal Care | + 23% | |||
Personal Care in Panama is 23% more expensive than in Ecuador | ||||
Panama | Ecuador | Diff | ||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 7 B/. ($7) | $6 | + 16% | |
1 box of antibiotics (12 doses) | 17 B/. ($17) | $11 | + 54% | |
Short visit to private doctor (15 minutes) | 59 B/. ($59) | $47 | + 26% | |
1 box of 32 tampons (tampax, ob, ...) | 5.50 B/. ($5.50) | $5.31 | + 4% | |
Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.33 B/. ($5.33) | $4.55 | + 17% | |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. ($7) | $6 | + 11% | |
4 rolls of toilet paper | 2.64 B/. ($2.64) | $2.60 | + 2% | |
Tube of toothpaste | 2.96 B/. ($2.96) | $2.09 | + 42% | |
Standard men's haircut in expat area of the city | 14 B/. ($14) | $11 | + 27% | |
Entertainment | + 50% | |||
Entertainment in Panama is 50% more expensive than in Ecuador | ||||
Panama | Ecuador | Diff | ||
Basic dinner out for two in neighborhood pub | 37 B/. ($37) | $20 | + 84% | |
2 tickets to the movies | 12 B/. ($12) | $12 | + 1% | |
2 tickets to the theater (best available seats) | 36 B/. ($36) | $43 | - 17% | |
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 82 B/. ($82) | $47 | + 77% | |
1 cocktail drink in downtown club | 9 B/. ($9) | $12 | - 26% | |
Cappuccino in expat area of the city | 4.92 B/. ($4.92) | $3.57 | + 38% | |
1 beer in neighbourhood pub (500ml or 1pt.) | 8 B/. ($8) | $2.38 | + 237% | |
Ipad wi-fi 128gb | 663 B/. ($664) | $616 | + 8% | |
1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. ($0.29) | $0.21 | + 34% | |
1 month of gym membership in business district | 80 B/. ($80) | $40 | + 98% | |
1 package of marlboro cigarettes | 6 B/. ($6) | $4.92 | + 26% | |
TOTAL | + 29% |
These prices were last updated on November 08, 2024.
Exchange rate:
1.000
USD
/
PAB
This comparison is based on abundant and consistent data. It is based on 2,034 prices entered by 185 different people.
Cost of living in Panama is 29% more expensive than in Ecuador
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