Cost of living in Panama compared to Malta
Currency:
| Food | - 38% | |||
|---|---|---|---|---|
| Food in Panama is 38% cheaper than in Malta | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (€11) | €17 | - 37% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (€5.72) | €9 | - 39% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.96 B/. (€2.47) | €5.64 | - 56% | |
| 1 liter (1 qt.) of whole fat milk | 1.40 B/. (€1.17) | €1.13 | + 3% | |
| 12 eggs, large | 2.82 B/. (€2.35) | €4.80 | - 51% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. (€2.06) | €3.83 | - 46% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (€4.61) | €6 | - 28% | |
| 1 kg (2 lb.) of apples | 2.42 B/. (€2.02) | €3.30 | - 39% | |
| 1 kg (2 lb.) of potatoes | 2.06 B/. (€1.72) | €3.30 | - 48% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.02 B/. (€0.85) | €1.91 | - 56% | |
| 1 bottle of red table wine, good quality | 10 B/. (€9) | €8 | + 8% | |
| 2 liters of coca-cola | 2.20 B/. (€1.84) | €1.84 | - 0% | |
| Bread for 2 people for 1 day | 1.60 B/. (€1.34) | €1.80 | - 26% | |
| Housing | - 41% | |||
| Housing in Panama is 41% cheaper than in Malta | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,397 B/. (€1,166) | €2,424 | - 52% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 910 B/. (€759) | €1,442 | - 47% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 105 B/. (€88) | €84 | + 5% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 858 B/. (€717) | €1,214 | - 41% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 570 B/. (€476) | €776 | - 39% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 71 B/. (€59) | €60 | - 1% | |
| Internet 8 mbps (1 month) | 41 B/. (€35) | €49 | - 30% | |
| 40” flat screen tv | 360 B/. (€301) | €659 | - 54% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 113 B/. (€94) | €92 | + 2% | |
| Laundry detergent (3 l. ~ 100 oz.) | 6 B/. (€5.15) | €9 | - 44% | |
| Hourly rate for cleaning help | 8 B/. (€7) | €8 | - 18% | |
| Clothes | - 55% | |||
| Clothes in Panama is 55% cheaper than in Malta | ||||
| 1 pair of jeans (levis 501 or similar) | 43 B/. (€36) | €118 | - 69% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 40 B/. (€33) | €61 | - 45% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 75 B/. (€62) | €143 | - 57% | |
| 1 pair of men’s leather business shoes | 89 B/. (€75) | €188 | - 60% | |
| Transportation | - 9% | |||
| Transportation in Panama is 9% cheaper than in Malta | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 20,263 B/. (€16,919) | €19,158 | - 12% | |
| 1 liter (1/4 gallon) of gas | 0.70 B/. (€0.59) | €1.40 | - 58% | |
| Monthly ticket public transport | 44 B/. (€37) | €30 | + 20% | |
| Personal Care | + 5% | |||
| Personal Care in Panama is 5% more expensive than in Malta | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (€6) | €5.76 | + 10% | |
| 1 box of antibiotics (12 doses) | 20 B/. (€17) | €20 | - 16% | |
| Short visit to private doctor (15 minutes) | 40 B/. (€33) | €25 | + 34% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.21 B/. (€3.51) | €5.45 | - 36% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.91 B/. (€3.26) | €3.75 | - 13% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (€5.57) | €4.54 | + 23% | |
| 4 rolls of toilet paper | 3.05 B/. (€2.55) | €1.63 | + 57% | |
| Tube of toothpaste | 2.58 B/. (€2.16) | €2.74 | - 21% | |
| Standard men's haircut in expat area of the city | 16 B/. (€13) | €10 | + 35% | |
| Entertainment | - 43% | |||
| Entertainment in Panama is 43% cheaper than in Malta | ||||
| Basic dinner out for two in neighborhood pub | 31 B/. (€26) | €60 | - 57% | |
| 2 tickets to the movies | 12 B/. (€10) | €23 | - 57% | |
| 2 tickets to the theater (best available seats) | 39 B/. (€33) | €72 | - 55% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 52 B/. (€44) | €80 | - 45% | |
| 1 cocktail drink in downtown club | 9 B/. (€8) | €9 | - 16% | |
| Cappuccino in expat area of the city | 4.88 B/. (€4.08) | €3.25 | + 26% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.49 B/. (€2.91) | €2.77 | + 5% | |
| Ipad wi-fi 128gb | 525 B/. (€439) | €634 | - 31% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. (€0.28) | €0.54 | - 48% | |
| 1 month of gym membership in business district | 46 B/. (€39) | €67 | - 42% | |
| 1 package of marlboro cigarettes | 5.14 B/. (€4.29) | €4.00 | + 7% | |
| TOTAL | - 35% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 788 prices entered by 86 different people.
These prices were last updated on April 15, 2021.
Exchange rate:
0.835
EUR
/
PAB
Cost of living in Panama is 35% cheaper than in Malta
Other Country Comparisons
- Cost of living in Antarctica is in Malta
- Cost of living in Armenia is 67% cheaper than in Malta
- Cost of living in Antigua and Barbuda is about the same as in Malta
- Cost of living in Anguilla is 9% more expensive than in Malta
- Cost of living in Argentina is 61% cheaper than in Malta
- Cost of living in United Arab Emirates is 8% cheaper than in Malta
- Cost of living in Afghanistan is 51% cheaper than in Malta
- Cost of living in Albania is 53% cheaper than in Malta