- Cost of Living
- Panama
- Italy
- Comparison
Cost of living in Panama compared to Italy
Currency:
| Food | - 24% | |||
|---|---|---|---|---|
| Food in Panama is 24% cheaper than in Italy | ||||
| Basic lunchtime menu (including a drink) in the business district | 8 B/. (€7) | €13 | - 46% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 5.96 B/. (€4.90) | €8 | - 38% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.62 B/. (€2.15) | €4.32 | - 50% | |
| 1 liter (1 qt.) of whole fat milk | 1.53 B/. (€1.26) | €1.30 | - 3% | |
| 12 eggs, large | 2.62 B/. (€2.15) | €3.72 | - 42% | |
| 1 kg (2 lb.) of tomatoes | 2.83 B/. (€2.33) | €2.27 | + 3% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (€5.65) | €6 | - 8% | |
| 1 kg (2 lb.) of apples | 4.43 B/. (€3.64) | €1.99 | + 83% | |
| 1 kg (2 lb.) of potatoes | 1.95 B/. (€1.61) | €1.33 | + 21% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.88 B/. (€0.73) | €1.31 | - 45% | |
| 1 bottle of red table wine, good quality | 10 B/. (€8) | €7 | + 7% | |
| 2 liters of Coca-Cola | 2.21 B/. (€1.82) | €2.05 | - 11% | |
| Bread for 2 people for 1 day | 1.52 B/. (€1.25) | €1.21 | + 3% | |
| Housing | - 5% | |||
| Housing in Panama is 5% cheaper than in Italy | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,484 B/. (€1,220) | €1,345 | - 9% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 967 B/. (€795) | €894 | - 11% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 164 B/. (€135) | €122 | + 11% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,109 B/. (€912) | €812 | + 12% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 681 B/. (€559) | €570 | - 2% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 123 B/. (€101) | €112 | - 9% | |
| Internet 8 Mbps (1 month) | 33 B/. (€27) | €23 | + 17% | |
| 40” flat screen TV | 329 B/. (€270) | €372 | - 27% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 82 B/. (€68) | €116 | - 42% | |
| Laundry detergent (3 l. ~ 100 oz.) | 13 B/. (€11) | €4.62 | + 131% | |
| Hourly rate for cleaning help | 3.98 B/. (€3.27) | €10 | - 67% | |
| Clothes | - 28% | |||
| Clothes in Panama is 28% cheaper than in Italy | ||||
| 1 pair of jeans (Levis 501 or similar) | 55 B/. (€45) | €84 | - 46% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 36 B/. (€30) | €35 | - 15% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 74 B/. (€61) | €92 | - 34% | |
| 1 pair of men’s leather business shoes | 100 B/. (€82) | €119 | - 31% | |
| Transportation | - 29% | |||
| Transportation in Panama is 29% cheaper than in Italy | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 18,091 B/. (€14,871) | €20,103 | - 26% | |
| 1 liter (1/4 gallon) of gas | 0.78 B/. (€0.64) | €1.48 | - 57% | |
| Monthly ticket public transport | 34 B/. (€28) | €35 | - 20% | |
| Personal Care | - 23% | |||
| Personal Care in Panama is 23% cheaper than in Italy | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 7 B/. (€6) | €9 | - 34% | |
| 1 box of antibiotics (12 doses) | 10 B/. (€8) | €10 | - 14% | |
| Short visit to private Doctor (15 minutes) | 41 B/. (€33) | €80 | - 58% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 7 B/. (€5.87) | €4.85 | + 21% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.81 B/. (€4.78) | €3.48 | + 38% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.17 B/. (€4.25) | €3.56 | + 19% | |
| 4 rolls of toilet paper | 3.40 B/. (€2.80) | €2.21 | + 27% | |
| Tube of toothpaste | 2.66 B/. (€2.18) | €1.99 | + 10% | |
| Standard men's haircut in expat area of the city | 11 B/. (€9) | €18 | - 49% | |
| Entertainment | - 4% | |||
| Entertainment in Panama is 4% cheaper than in Italy | ||||
| Basic dinner out for two in neighborhood pub | 40 B/. (€33) | €32 | + 2% | |
| 2 tickets to the movies | 12 B/. (€10) | €17 | - 42% | |
| 2 tickets to the theater (best available seats) | 86 B/. (€70) | €68 | + 4% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 66 B/. (€54) | €63 | - 14% | |
| 1 cocktail drink in downtown club | 9 B/. (€7) | €8 | - 16% | |
| Cappuccino in expat area of the city | 4.62 B/. (€3.80) | €1.56 | + 143% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.71 B/. (€3.05) | €4.91 | - 38% | |
| iPad Wi-Fi 128GB | 1,159 B/. (€952) | €482 | + 97% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.15 B/. (€0.12) | €0.24 | - 48% | |
| 1 month of gym membership in business district | 61 B/. (€50) | €59 | - 16% | |
| 1 package of Marlboro cigarettes | 5.04 B/. (€4.14) | €5.24 | - 21% | |
| TOTAL | - 16% | |||
These prices were last updated on April 26, 2018.
Exchange rate:
0.822
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 6,756 prices entered by 941 different people.
Cost of living in Panama is 16% cheaper than in Italy
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