- Cost of Living
- Panama
- Italy
- Comparison
Cost of living in Panama compared to Italy
Currency:
| Food | - 17% | |||
|---|---|---|---|---|
| Food in Panama is 17% cheaper than in Italy | ||||
| Basic lunchtime menu (including a drink) in the business district | 11 B/. (€9) | €13 | - 30% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (€5.36) | €8 | - 33% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.57 B/. (€3.04) | €4.44 | - 32% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. (€1.38) | €1.28 | + 8% | |
| 12 eggs, large | 2.58 B/. (€2.20) | €3.92 | - 44% | |
| 1 kg (2 lb.) of tomatoes | 2.81 B/. (€2.39) | €2.21 | + 8% | |
| 500 gr (16 oz.) of local cheese | 4.68 B/. (€3.99) | €6 | - 37% | |
| 1 kg (2 lb.) of apples | 4.51 B/. (€3.84) | €2.07 | + 86% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (€1.70) | €1.38 | + 24% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.94 B/. (€0.80) | €1.40 | - 43% | |
| 1 bottle of red table wine, good quality | 9 B/. (€8) | €7 | + 3% | |
| 2 liters of Coca-Cola | 2.23 B/. (€1.90) | €1.97 | - 3% | |
| Bread for 2 people for 1 day | 1.62 B/. (€1.38) | €1.26 | + 10% | |
| Housing | - 3% | |||
| Housing in Panama is 3% cheaper than in Italy | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,627 B/. (€1,386) | €1,279 | + 8% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 961 B/. (€819) | €873 | - 6% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 122 B/. (€104) | €130 | - 20% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 985 B/. (€839) | €786 | + 7% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 585 B/. (€498) | €542 | - 8% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 108 B/. (€92) | €128 | - 28% | |
| Internet 8 Mbps (1 month) | 31 B/. (€26) | €23 | + 16% | |
| 40” flat screen TV | 327 B/. (€279) | €390 | - 29% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 95 B/. (€81) | €110 | - 26% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (€8) | €4.62 | + 73% | |
| Hourly rate for cleaning help | 4.02 B/. (€3.42) | €10 | - 65% | |
| Clothes | - 18% | |||
| Clothes in Panama is 18% cheaper than in Italy | ||||
| 1 pair of jeans (Levis 501 or similar) | 58 B/. (€49) | €86 | - 43% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 39 B/. (€33) | €34 | - 2% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 82 B/. (€70) | €91 | - 23% | |
| 1 pair of men’s leather business shoes | 102 B/. (€87) | €115 | - 25% | |
| Transportation | - 25% | |||
| Transportation in Panama is 25% cheaper than in Italy | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 19,364 B/. (€16,495) | €20,179 | - 18% | |
| 1 liter (1/4 gallon) of gas | 0.79 B/. (€0.67) | €1.51 | - 56% | |
| Monthly ticket public transport | 34 B/. (€29) | €36 | - 18% | |
| Personal Care | - 5% | |||
| Personal Care in Panama is 5% cheaper than in Italy | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 5.19 B/. (€4.42) | €9 | - 53% | |
| 1 box of antibiotics (12 doses) | 33 B/. (€28) | €10 | + 188% | |
| Short visit to private Doctor (15 minutes) | 44 B/. (€38) | €81 | - 54% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 8 B/. (€7) | €5.29 | + 31% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.64 B/. (€4.81) | €3.60 | + 33% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. (€4.76) | €3.05 | + 56% | |
| 4 rolls of toilet paper | 3.17 B/. (€2.70) | €2.28 | + 18% | |
| Tube of toothpaste | 2.86 B/. (€2.44) | €1.96 | + 24% | |
| Standard men's haircut in expat area of the city | 12 B/. (€10) | €18 | - 43% | |
| Entertainment | - 0% | |||
| Entertainment in Panama is 0% cheaper than in Italy | ||||
| Basic dinner out for two in neighborhood pub | 52 B/. (€44) | €33 | + 32% | |
| 2 tickets to the movies | 12 B/. (€10) | €17 | - 39% | |
| 2 tickets to the theater (best available seats) | 104 B/. (€88) | €67 | + 32% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 67 B/. (€57) | €64 | - 11% | |
| 1 cocktail drink in downtown club | 9 B/. (€7) | €9 | - 14% | |
| Cappuccino in expat area of the city | 3.67 B/. (€3.12) | €1.58 | + 98% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.23 B/. (€3.61) | €4.92 | - 27% | |
| iPad Wi-Fi 128GB | 583 B/. (€497) | €460 | + 8% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | €0.24 | - | |
| 1 month of gym membership in business district | 60 B/. (€51) | €59 | - 13% | |
| 1 package of Marlboro cigarettes | 5.21 B/. (€4.44) | €5.30 | - 16% | |
| TOTAL | - 11% | |||
These prices were last updated on September 24, 2018.
Exchange rate:
0.852
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 6,402 prices entered by 859 different people.
Cost of living in Panama is 11% cheaper than in Italy
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