Cost of living in Panama compared to Israel
Currency:
| Food | - 26% | |||
|---|---|---|---|---|
| Food in Panama is 26% cheaper than in Israel | ||||
| Panama | Israel | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 16 B/. (57 ₪) | 70 ₪ | - 19% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (28 ₪) | 53 ₪ | - 47% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.36 B/. (12 ₪) | 20 ₪ | - 39% | |
| 1 liter (1 qt.) of whole fat milk | 1.77 B/. (6 ₪) | 7 ₪ | - 6% | |
| 12 eggs, large | 2.68 B/. (10 ₪) | 14 ₪ | - 28% | |
| 1 kg (2 lb.) of tomatoes | 2.39 B/. (9 ₪) | 9 ₪ | - 5% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (24 ₪) | 30 ₪ | - 22% | |
| 1 kg (2 lb.) of apples | 1.97 B/. (7 ₪) | 13 ₪ | - 45% | |
| 1 kg (2 lb.) of potatoes | 2.71 B/. (10 ₪) | 7 ₪ | + 47% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.35 B/. (4.94 ₪) | 12 ₪ | - 57% | |
| 1 bottle of red table wine, good quality | 10 B/. (36 ₪) | 68 ₪ | - 46% | |
| 2 liters of coca-cola | 2.29 B/. (8 ₪) | 12 ₪ | - 31% | |
| Bread for 2 people for 1 day | 1.96 B/. (7 ₪) | 5.94 ₪ | + 21% | |
| Housing | - 26% | |||
| Housing in Panama is 26% cheaper than in Israel | ||||
| Panama | Israel | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,405 B/. (5,141 ₪) | 7,079 ₪ | - 27% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 918 B/. (3,358 ₪) | 5,853 ₪ | - 43% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 120 B/. (441 ₪) | 774 ₪ | - 43% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 972 B/. (3,557 ₪) | 5,205 ₪ | - 32% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 650 B/. (2,376 ₪) | 4,332 ₪ | - 45% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 96 B/. (351 ₪) | 547 ₪ | - 36% | |
| Internet 8 mbps (1 month) | 38 B/. (141 ₪) | 76 ₪ | + 84% | |
| 40” flat screen tv | 300 B/. (1,097 ₪) | 1,194 ₪ | - 8% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 113 B/. (412 ₪) | 662 ₪ | - 38% | |
| Laundry detergent (3 l. ~ 100 oz.) | 29 B/. (107 ₪) | 39 ₪ | + 177% | |
| Hourly rate for cleaning help | 10 B/. (35 ₪) | 58 ₪ | - 40% | |
| Clothes | - 12% | |||
| Clothes in Panama is 12% cheaper than in Israel | ||||
| Panama | Israel | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 46 B/. (167 ₪) | 340 ₪ | - 51% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 65 B/. (238 ₪) | 216 ₪ | + 10% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 113 B/. (415 ₪) | 552 ₪ | - 25% | |
| 1 pair of men’s leather business shoes | 134 B/. (490 ₪) | 480 ₪ | + 2% | |
| Transportation | - 52% | |||
| Transportation in Panama is 52% cheaper than in Israel | ||||
| Panama | Israel | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 24,303 B/. (88,903 ₪) | 152,955 ₪ | - 42% | |
| 1 liter (1/4 gallon) of gas | 1.00 B/. (3.66 ₪) | 8 ₪ | - 51% | |
| Monthly ticket public transport | 27 B/. (100 ₪) | 246 ₪ | - 59% | |
| Personal Care | + 23% | |||
| Personal Care in Panama is 23% more expensive than in Israel | ||||
| Panama | Israel | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 10 B/. (36 ₪) | 24 ₪ | + 49% | |
| 1 box of antibiotics (12 doses) | 20 B/. (73 ₪) | 26 ₪ | + 179% | |
| Short visit to private doctor (15 minutes) | 65 B/. (238 ₪) | 393 ₪ | - 39% | |
| 1 box of 32 tampons (tampax, ob, ...) | 8 B/. (29 ₪) | 22 ₪ | + 31% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 7 B/. (27 ₪) | 21 ₪ | + 32% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 9 B/. (32 ₪) | 15 ₪ | + 115% | |
| 4 rolls of toilet paper | 3.25 B/. (12 ₪) | 5.97 ₪ | + 99% | |
| Tube of toothpaste | 3.70 B/. (14 ₪) | 16 ₪ | - 15% | |
| Standard men's haircut in expat area of the city | 15 B/. (53 ₪) | 77 ₪ | - 31% | |
| Entertainment | + 5% | |||
| Entertainment in Panama is 5% more expensive than in Israel | ||||
| Panama | Israel | Diff | ||
| Basic dinner out for two in neighborhood pub | 37 B/. (135 ₪) | 170 ₪ | - 21% | |
| 2 tickets to the movies | 12 B/. (46 ₪) | 80 ₪ | - 43% | |
| 2 tickets to the theater (best available seats) | 30 B/. (110 ₪) | 360 ₪ | - 70% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 63 B/. (230 ₪) | 299 ₪ | - 23% | |
| 1 cocktail drink in downtown club | 12 B/. (45 ₪) | 55 ₪ | - 18% | |
| Cappuccino in expat area of the city | 5.00 B/. (18 ₪) | 15 ₪ | + 21% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 5.36 B/. (20 ₪) | 35 ₪ | - 44% | |
| Ipad wi-fi 128gb | 536 B/. (1,960 ₪) | 3,178 ₪ | - 38% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.50 B/. (1.83 ₪) | 0.33 ₪ | + 449% | |
| 1 month of gym membership in business district | 51 B/. (188 ₪) | 223 ₪ | - 16% | |
| 1 package of marlboro cigarettes | 8 B/. (28 ₪) | 38 ₪ | - 26% | |
| TOTAL | - 26% | |||
These prices were last updated on January 08, 2025.
Exchange rate:
3.658
ILS
/
PAB
This comparison is based on abundant and consistent data. It is based on 740 prices entered by 108 different people.
Cost of living in Panama is 26% cheaper than in Israel
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