- Cost of Living
- Panama
- Japan
- Comparison
Cost of living in Panama compared to Japan
Currency:
| Food | - 17% | |||
|---|---|---|---|---|
| Food in Panama is 17% cheaper than in Japan | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. (¥1,373) | ¥1,054 | + 30% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (¥736) | ¥698 | + 6% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.81 B/. (¥433) | ¥436 | - 1% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. (¥183) | ¥205 | - 11% | |
| 12 eggs, large | 2.92 B/. (¥331) | ¥285 | + 16% | |
| 1 kg (2 lb.) of tomatoes | 3.20 B/. (¥364) | ¥777 | - 53% | |
| 500 gr (16 oz.) of local cheese | 4.68 B/. (¥531) | ¥910 | - 42% | |
| 1 kg (2 lb.) of apples | 4.51 B/. (¥512) | ¥697 | - 27% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (¥227) | ¥414 | - 45% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.87 B/. (¥99) | ¥265 | - 63% | |
| 1 bottle of red table wine, good quality | 9 B/. (¥990) | ¥1,538 | - 36% | |
| 2 liters of Coca-Cola | 2.23 B/. (¥253) | ¥203 | + 25% | |
| Bread for 2 people for 1 day | 1.62 B/. (¥184) | ¥198 | - 7% | |
| Housing | - 18% | |||
| Housing in Panama is 18% cheaper than in Japan | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,595 B/. (¥181,031) | ¥231,808 | - 22% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 1,004 B/. (¥113,869) | ¥125,591 | - 9% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 147 B/. (¥16,649) | ¥21,159 | - 21% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 988 B/. (¥112,083) | ¥113,754 | - 1% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 587 B/. (¥66,618) | ¥74,885 | - 11% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 108 B/. (¥12,305) | ¥12,611 | - 2% | |
| Internet 8 Mbps (1 month) | 31 B/. (¥3,513) | ¥4,134 | - 15% | |
| 40” flat screen TV | 350 B/. (¥39,714) | ¥55,558 | - 29% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 95 B/. (¥10,790) | ¥16,830 | - 36% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (¥1,066) | ¥693 | + 54% | |
| Hourly rate for cleaning help | 4.18 B/. (¥475) | ¥1,827 | - 74% | |
| Clothes | + 3% | |||
| Clothes in Panama is 3% more expensive than in Japan | ||||
| 1 pair of jeans (Levis 501 or similar) | 67 B/. (¥7,652) | ¥6,829 | + 12% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 39 B/. (¥4,415) | ¥4,215 | + 5% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 82 B/. (¥9,360) | ¥8,321 | + 12% | |
| 1 pair of men’s leather business shoes | 97 B/. (¥11,041) | ¥13,972 | - 21% | |
| Transportation | - 49% | |||
| Transportation in Panama is 49% cheaper than in Japan | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 20,119 B/. (¥2,282,835) | ¥2,590,890 | - 12% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (¥91) | ¥145 | - 37% | |
| Monthly ticket public transport | 36 B/. (¥4,120) | ¥11,257 | - 63% | |
| Personal Care | + 24% | |||
| Personal Care in Panama is 24% more expensive than in Japan | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 5.19 B/. (¥589) | ¥1,278 | - 54% | |
| 1 box of antibiotics (12 doses) | 28 B/. (¥3,219) | ¥1,016 | + 217% | |
| Short visit to private Doctor (15 minutes) | 41 B/. (¥4,602) | ¥3,622 | + 27% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 8 B/. (¥921) | ¥630 | + 46% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.51 B/. (¥626) | ¥707 | - 12% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. (¥634) | ¥455 | + 39% | |
| 4 rolls of toilet paper | 3.28 B/. (¥372) | ¥137 | + 171% | |
| Tube of toothpaste | 2.86 B/. (¥325) | ¥217 | + 50% | |
| Standard men's haircut in expat area of the city | 13 B/. (¥1,453) | ¥2,939 | - 51% | |
| Entertainment | - 3% | |||
| Entertainment in Panama is 3% cheaper than in Japan | ||||
| Basic dinner out for two in neighborhood pub | 50 B/. (¥5,644) | ¥4,035 | + 40% | |
| 2 tickets to the movies | 12 B/. (¥1,352) | ¥3,358 | - 60% | |
| 2 tickets to the theater (best available seats) | 104 B/. (¥11,757) | ¥12,964 | - 9% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 71 B/. (¥8,078) | ¥7,899 | + 2% | |
| 1 cocktail drink in downtown club | 9 B/. (¥1,007) | ¥880 | + 15% | |
| Cappuccino in expat area of the city | 4.03 B/. (¥457) | ¥491 | - 7% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.06 B/. (¥461) | ¥560 | - 18% | |
| iPad Wi-Fi 128GB | 586 B/. (¥66,443) | ¥49,094 | + 35% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | ¥56 | - | |
| 1 month of gym membership in business district | 58 B/. (¥6,559) | ¥10,296 | - 36% | |
| 1 package of Marlboro cigarettes | 5.30 B/. (¥602) | ¥468 | + 28% | |
| TOTAL | - 22% | |||
These prices were last updated on December 17, 2018.
Exchange rate:
113.464
JPY
/
PAB
This comparison is based on abundant and consistent data. It is based on 2,396 prices entered by 374 different people.
Cost of living in Panama is 22% cheaper than in Japan
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