Cost of living in Panama compared to Ireland
Currency:
| Food | - 23% | |||
|---|---|---|---|---|
| Food in Panama is 23% cheaper than in Ireland | ||||
| Panama | Ireland | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (€13) | €15 | - 16% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (€7) | €9 | - 25% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.91 B/. (€3.60) | €5.71 | - 37% | |
| 1 liter (1 qt.) of whole fat milk | 1.63 B/. (€1.50) | €1.38 | + 9% | |
| 12 eggs, large | 2.85 B/. (€2.63) | €4.37 | - 40% | |
| 1 kg (2 lb.) of tomatoes | 2.07 B/. (€1.91) | €3.68 | - 48% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (€7) | €5.96 | + 11% | |
| 1 kg (2 lb.) of apples | 2.55 B/. (€2.35) | €2.60 | - 10% | |
| 1 kg (2 lb.) of potatoes | 1.96 B/. (€1.81) | €1.31 | + 38% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.51 B/. (€1.39) | €3.14 | - 56% | |
| 1 bottle of red table wine, good quality | 13 B/. (€12) | €14 | - 13% | |
| 2 liters of coca-cola | 2.44 B/. (€2.25) | €2.65 | - 15% | |
| Bread for 2 people for 1 day | 1.61 B/. (€1.49) | €1.51 | - 1% | |
| Housing | - 50% | |||
| Housing in Panama is 50% cheaper than in Ireland | ||||
| Panama | Ireland | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,273 B/. (€1,174) | €2,694 | - 56% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 852 B/. (€786) | €2,050 | - 62% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 127 B/. (€117) | €233 | - 50% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 908 B/. (€837) | €1,906 | - 56% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 556 B/. (€513) | €1,441 | - 64% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. (€72) | €172 | - 58% | |
| Internet 8 mbps (1 month) | 46 B/. (€43) | €45 | - 5% | |
| 40” flat screen tv | 340 B/. (€313) | €472 | - 34% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 106 B/. (€98) | €95 | + 3% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (€8) | €12 | - 35% | |
| Hourly rate for cleaning help | 15 B/. (€14) | €17 | - 15% | |
| Clothes | - 40% | |||
| Clothes in Panama is 40% cheaper than in Ireland | ||||
| Panama | Ireland | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (€44) | €83 | - 47% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 26 B/. (€24) | €43 | - 44% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 79 B/. (€73) | €95 | - 23% | |
| 1 pair of men’s leather business shoes | 83 B/. (€77) | €98 | - 21% | |
| Transportation | - 56% | |||
| Transportation in Panama is 56% cheaper than in Ireland | ||||
| Panama | Ireland | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,433 B/. (€20,687) | €29,282 | - 29% | |
| 1 liter (1/4 gallon) of gas | 1.29 B/. (€1.19) | €1.91 | - 38% | |
| Monthly ticket public transport | 42 B/. (€38) | €116 | - 67% | |
| Personal Care | + 18% | |||
| Personal Care in Panama is 18% more expensive than in Ireland | ||||
| Panama | Ireland | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (€8) | €5.28 | + 46% | |
| 1 box of antibiotics (12 doses) | 32 B/. (€30) | €19 | + 56% | |
| Short visit to private doctor (15 minutes) | 62 B/. (€57) | €61 | - 6% | |
| 1 box of 32 tampons (tampax, ob, ...) | 9 B/. (€8) | €5.62 | + 46% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.05 B/. (€4.66) | €4.29 | + 9% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (€6) | €6 | + 0% | |
| 4 rolls of toilet paper | 3.79 B/. (€3.50) | €3.12 | + 12% | |
| Tube of toothpaste | 3.38 B/. (€3.12) | €2.54 | + 23% | |
| Standard men's haircut in expat area of the city | 19 B/. (€17) | €21 | - 16% | |
| Entertainment | - 38% | |||
| Entertainment in Panama is 38% cheaper than in Ireland | ||||
| Panama | Ireland | Diff | ||
| Basic dinner out for two in neighborhood pub | 29 B/. (€27) | €57 | - 53% | |
| 2 tickets to the movies | 13 B/. (€12) | €25 | - 53% | |
| 2 tickets to the theater (best available seats) | 55 B/. (€51) | €113 | - 55% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 47 B/. (€44) | €89 | - 51% | |
| 1 cocktail drink in downtown club | 8 B/. (€8) | €13 | - 41% | |
| Cappuccino in expat area of the city | 5.69 B/. (€5.25) | €3.66 | + 43% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. (€2.53) | €7 | - 62% | |
| Ipad wi-fi 128gb | 651 B/. (€600) | €720 | - 17% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.22 B/. (€0.20) | €0.25 | - 19% | |
| 1 month of gym membership in business district | 47 B/. (€44) | €50 | - 12% | |
| 1 package of marlboro cigarettes | 5.66 B/. (€5.22) | €16 | - 68% | |
| TOTAL | - 42% | |||
These prices were last updated on January 26, 2023.
Exchange rate:
0.922
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,728 prices entered by 211 different people.
Cost of living in Panama is 42% cheaper than in Ireland
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