- Cost of Living
- Panama
- Italy
- Comparison
Cost of living in Panama compared to Italy
Currency:
| Food | - 25% | |||
|---|---|---|---|---|
| Food in Panama is 25% cheaper than in Italy | ||||
| Basic lunchtime menu (including a drink) in the business district | 9 B/. (€8) | €13 | - 40% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (€5.20) | €8 | - 34% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.50 B/. (€2.13) | €4.32 | - 51% | |
| 1 liter (1 qt.) of whole fat milk | 1.57 B/. (€1.34) | €1.28 | + 4% | |
| 12 eggs, large | 2.54 B/. (€2.17) | €3.86 | - 44% | |
| 1 kg (2 lb.) of tomatoes | 2.83 B/. (€2.41) | €2.20 | + 10% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (€6) | €6 | + 3% | |
| 1 kg (2 lb.) of apples | 3.23 B/. (€2.76) | €2.02 | + 36% | |
| 1 kg (2 lb.) of potatoes | 1.45 B/. (€1.24) | €1.32 | - 7% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.88 B/. (€0.75) | €1.35 | - 44% | |
| 1 bottle of red table wine, good quality | 10 B/. (€8) | €7 | + 13% | |
| 2 liters of Coca-Cola | 2.13 B/. (€1.81) | €2.01 | - 10% | |
| Bread for 2 people for 1 day | 1.49 B/. (€1.27) | €1.27 | + 0% | |
| Housing | + 2% | |||
| Housing in Panama is 2% more expensive than in Italy | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,538 B/. (€1,311) | €1,279 | + 3% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 939 B/. (€800) | €872 | - 8% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 164 B/. (€140) | €130 | + 8% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,109 B/. (€945) | €791 | + 20% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 681 B/. (€580) | €550 | + 5% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 123 B/. (€105) | €128 | - 18% | |
| Internet 8 Mbps (1 month) | 32 B/. (€27) | €23 | + 20% | |
| 40” flat screen TV | 341 B/. (€290) | €390 | - 26% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 79 B/. (€67) | €113 | - 41% | |
| Laundry detergent (3 l. ~ 100 oz.) | 13 B/. (€11) | €4.75 | + 131% | |
| Hourly rate for cleaning help | 4.04 B/. (€3.45) | €10 | - 65% | |
| Clothes | - 25% | |||
| Clothes in Panama is 25% cheaper than in Italy | ||||
| 1 pair of jeans (Levis 501 or similar) | 55 B/. (€46) | €85 | - 45% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 36 B/. (€30) | €35 | - 13% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 77 B/. (€65) | €91 | - 28% | |
| 1 pair of men’s leather business shoes | 100 B/. (€85) | €120 | - 29% | |
| Transportation | - 27% | |||
| Transportation in Panama is 27% cheaper than in Italy | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 18,721 B/. (€15,956) | €20,246 | - 21% | |
| 1 liter (1/4 gallon) of gas | 0.78 B/. (€0.66) | €1.49 | - 55% | |
| Monthly ticket public transport | 33 B/. (€28) | €35 | - 20% | |
| Personal Care | + 2% | |||
| Personal Care in Panama is 2% more expensive than in Italy | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 10 B/. (€9) | €9 | - 6% | |
| 1 box of antibiotics (12 doses) | 38 B/. (€32) | €9 | + 247% | |
| Short visit to private Doctor (15 minutes) | 42 B/. (€36) | €84 | - 57% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 7 B/. (€6) | €4.99 | + 22% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.69 B/. (€4.85) | €3.43 | + 41% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.17 B/. (€4.41) | €3.08 | + 43% | |
| 4 rolls of toilet paper | 3.40 B/. (€2.89) | €2.21 | + 31% | |
| Tube of toothpaste | 2.52 B/. (€2.15) | €2.02 | + 6% | |
| Standard men's haircut in expat area of the city | 12 B/. (€10) | €18 | - 47% | |
| Entertainment | - 10% | |||
| Entertainment in Panama is 10% cheaper than in Italy | ||||
| Basic dinner out for two in neighborhood pub | 44 B/. (€37) | €32 | + 16% | |
| 2 tickets to the movies | 11 B/. (€9) | €17 | - 44% | |
| 2 tickets to the theater (best available seats) | 86 B/. (€73) | €67 | + 8% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 73 B/. (€62) | €63 | - 1% | |
| 1 cocktail drink in downtown club | 9 B/. (€8) | €9 | - 12% | |
| Cappuccino in expat area of the city | 4.42 B/. (€3.77) | €1.58 | + 139% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.09 B/. (€3.49) | €4.99 | - 30% | |
| iPad Wi-Fi 128GB | 614 B/. (€524) | €479 | + 9% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.15 B/. (€0.13) | €0.24 | - 48% | |
| 1 month of gym membership in business district | 62 B/. (€53) | €59 | - 11% | |
| 1 package of Marlboro cigarettes | 5.04 B/. (€4.30) | €5.28 | - 19% | |
| TOTAL | - 13% | |||
These prices were last updated on July 23, 2018.
Exchange rate:
0.852
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 6,708 prices entered by 905 different people.
Cost of living in Panama is 13% cheaper than in Italy
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