Cost of living in Panama compared to Germany
Currency:
| Food | - 17% | |||
|---|---|---|---|---|
| Food in Panama is 17% cheaper than in Germany | ||||
| Panama | Germany | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (€13) | €16 | - 19% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (€7) | €11 | - 37% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.56 B/. (€3.37) | €5.58 | - 40% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (€1.68) | €1.25 | + 34% | |
| 12 eggs, large | 2.71 B/. (€2.56) | €3.95 | - 35% | |
| 1 kg (2 lb.) of tomatoes | 2.36 B/. (€2.24) | €2.88 | - 22% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (€6) | €7 | - 15% | |
| 1 kg (2 lb.) of apples | 1.97 B/. (€1.86) | €2.81 | - 34% | |
| 1 kg (2 lb.) of potatoes | 2.79 B/. (€2.64) | €1.85 | + 42% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.26 B/. (€1.19) | €1.14 | + 5% | |
| 1 bottle of red table wine, good quality | 10 B/. (€9) | €7 | + 43% | |
| 2 liters of coca-cola | 2.56 B/. (€2.42) | €1.94 | + 25% | |
| Bread for 2 people for 1 day | 1.67 B/. (€1.58) | €1.73 | - 8% | |
| Housing | - 26% | |||
| Housing in Panama is 26% cheaper than in Germany | ||||
| Panama | Germany | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,400 B/. (€1,324) | €1,811 | - 27% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 951 B/. (€899) | €1,422 | - 37% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 114 B/. (€108) | €247 | - 56% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 933 B/. (€883) | €1,210 | - 27% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 651 B/. (€616) | €862 | - 29% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 92 B/. (€87) | €157 | - 44% | |
| Internet 8 mbps (1 month) | 36 B/. (€34) | €31 | + 10% | |
| 40” flat screen tv | 300 B/. (€284) | €430 | - 34% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 113 B/. (€107) | €97 | + 10% | |
| Laundry detergent (3 l. ~ 100 oz.) | 29 B/. (€28) | €8 | + 245% | |
| Hourly rate for cleaning help | 10 B/. (€9) | €17 | - 46% | |
| Clothes | + 17% | |||
| Clothes in Panama is 17% more expensive than in Germany | ||||
| Panama | Germany | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 64 B/. (€61) | €89 | - 32% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 65 B/. (€61) | €41 | + 52% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 113 B/. (€107) | €97 | + 11% | |
| 1 pair of men’s leather business shoes | 175 B/. (€166) | €133 | + 24% | |
| Transportation | - 40% | |||
| Transportation in Panama is 40% cheaper than in Germany | ||||
| Panama | Germany | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 26,529 B/. (€25,090) | €30,353 | - 17% | |
| 1 liter (1/4 gallon) of gas | 1.00 B/. (€0.94) | €1.75 | - 46% | |
| Monthly ticket public transport | 26 B/. (€25) | €51 | - 51% | |
| Personal Care | + 55% | |||
| Personal Care in Panama is 55% more expensive than in Germany | ||||
| Panama | Germany | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 10 B/. (€9) | €9 | + 6% | |
| 1 box of antibiotics (12 doses) | 20 B/. (€19) | €10 | + 82% | |
| Short visit to private doctor (15 minutes) | 65 B/. (€62) | €58 | + 6% | |
| 1 box of 32 tampons (tampax, ob, ...) | 8 B/. (€8) | €4.18 | + 81% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 7 B/. (€7) | €2.85 | + 147% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 9 B/. (€8) | €3.08 | + 168% | |
| 4 rolls of toilet paper | 3.25 B/. (€3.07) | €1.96 | + 57% | |
| Tube of toothpaste | 3.70 B/. (€3.50) | €1.68 | + 108% | |
| Standard men's haircut in expat area of the city | 15 B/. (€14) | €23 | - 41% | |
| Entertainment | + 6% | |||
| Entertainment in Panama is 6% more expensive than in Germany | ||||
| Panama | Germany | Diff | ||
| Basic dinner out for two in neighborhood pub | 37 B/. (€35) | €43 | - 18% | |
| 2 tickets to the movies | 13 B/. (€12) | €25 | - 53% | |
| 2 tickets to the theater (best available seats) | 30 B/. (€28) | €125 | - 77% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 81 B/. (€76) | €67 | + 13% | |
| 1 cocktail drink in downtown club | 14 B/. (€13) | €11 | + 22% | |
| Cappuccino in expat area of the city | 5.00 B/. (€4.73) | €3.98 | + 19% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 6 B/. (€5.81) | €4.46 | + 30% | |
| Ipad wi-fi 128gb | 400 B/. (€378) | €629 | - 40% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.50 B/. (€0.47) | €0.30 | + 56% | |
| 1 month of gym membership in business district | 64 B/. (€61) | €42 | + 44% | |
| 1 package of marlboro cigarettes | 8 B/. (€7) | €8 | - 14% | |
| TOTAL | - 18% | |||
These prices were last updated on December 07, 2024.
Exchange rate:
0.946
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 2,393 prices entered by 366 different people.
Cost of living in Panama is 18% cheaper than in Germany
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