Cost of living in Panama compared to Ireland
Currency:
| Food | - 28% | |||
|---|---|---|---|---|
| Food in Panama is 28% cheaper than in Ireland | ||||
| Basic lunchtime menu (including a drink) in the business district | 11 B/. (€9) | €13 | - 28% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (€5.92) | €8 | - 27% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.17 B/. (€2.67) | €4.64 | - 42% | |
| 1 liter (1 qt.) of whole fat milk | 1.48 B/. (€1.24) | €1.04 | + 19% | |
| 12 eggs, large | 2.71 B/. (€2.29) | €3.46 | - 34% | |
| 1 kg (2 lb.) of tomatoes | 2.49 B/. (€2.10) | €2.40 | - 12% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (€5.14) | €5.03 | + 2% | |
| 1 kg (2 lb.) of apples | 2.74 B/. (€2.31) | €2.11 | + 9% | |
| 1 kg (2 lb.) of potatoes | 2.04 B/. (€1.71) | €1.13 | + 52% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.92 B/. (€0.78) | €2.61 | - 70% | |
| 1 bottle of red table wine, good quality | 9 B/. (€8) | €14 | - 43% | |
| 2 liters of coca-cola | 2.22 B/. (€1.87) | €2.50 | - 25% | |
| Bread for 2 people for 1 day | 1.41 B/. (€1.19) | €1.44 | - 17% | |
| Housing | - 46% | |||
| Housing in Panama is 46% cheaper than in Ireland | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,296 B/. (€1,092) | €2,245 | - 51% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 882 B/. (€743) | €1,737 | - 57% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 112 B/. (€95) | €145 | - 35% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 893 B/. (€753) | €1,538 | - 51% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 632 B/. (€533) | €1,167 | - 54% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 89 B/. (€75) | €90 | - 17% | |
| Internet 8 mbps (1 month) | 39 B/. (€33) | €36 | - 8% | |
| 40” flat screen tv | 378 B/. (€319) | €378 | - 16% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 108 B/. (€91) | €102 | - 11% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (€6) | €9 | - 29% | |
| Hourly rate for cleaning help | 4.48 B/. (€3.77) | €14 | - 73% | |
| Clothes | - 27% | |||
| Clothes in Panama is 27% cheaper than in Ireland | ||||
| 1 pair of jeans (levis 501 or similar) | 50 B/. (€42) | €77 | - 45% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 37 B/. (€31) | €37 | - 15% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 72 B/. (€61) | €92 | - 34% | |
| 1 pair of men’s leather business shoes | 79 B/. (€66) | €89 | - 25% | |
| Transportation | - 68% | |||
| Transportation in Panama is 68% cheaper than in Ireland | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,787 B/. (€16,671) | €26,871 | - 38% | |
| 1 liter (1/4 gallon) of gas | 0.77 B/. (€0.65) | €1.37 | - 53% | |
| Monthly ticket public transport | 34 B/. (€28) | €132 | - 78% | |
| Personal Care | + 3% | |||
| Personal Care in Panama is about the same as in Ireland | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (€7) | €5.15 | + 38% | |
| 1 box of antibiotics (12 doses) | 26 B/. (€22) | €14 | + 63% | |
| Short visit to private doctor (15 minutes) | 46 B/. (€39) | €58 | - 34% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.94 B/. (€4.16) | €4.83 | - 14% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.66 B/. (€3.08) | €3.07 | + 0% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.28 B/. (€4.45) | €4.50 | - 1% | |
| 4 rolls of toilet paper | 2.37 B/. (€2.00) | €2.09 | - 4% | |
| Tube of toothpaste | 2.83 B/. (€2.38) | €2.14 | + 11% | |
| Standard men's haircut in expat area of the city | 15 B/. (€12) | €17 | - 28% | |
| Entertainment | - 34% | |||
| Entertainment in Panama is 34% cheaper than in Ireland | ||||
| Basic dinner out for two in neighborhood pub | 35 B/. (€29) | €41 | - 29% | |
| 2 tickets to the movies | 12 B/. (€10) | €23 | - 56% | |
| 2 tickets to the theater (best available seats) | 39 B/. (€33) | €103 | - 68% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 58 B/. (€49) | €67 | - 26% | |
| 1 cocktail drink in downtown club | 10 B/. (€9) | €11 | - 24% | |
| Cappuccino in expat area of the city | 4.37 B/. (€3.68) | €3.84 | - 4% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.07 B/. (€3.43) | €5.89 | - 42% | |
| Ipad wi-fi 128gb | 537 B/. (€453) | €411 | + 10% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.24 B/. (€0.20) | €0.39 | - 49% | |
| 1 month of gym membership in business district | 47 B/. (€39) | €45 | - 12% | |
| 1 package of marlboro cigarettes | 5.35 B/. (€4.51) | €13 | - 66% | |
| TOTAL | - 45% | |||
These prices were last updated on September 18, 2020.
Exchange rate:
0.842
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 2,524 prices entered by 317 different people.
Cost of living in Panama is 45% cheaper than in Ireland
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