Cost of living in Panama compared to Malta
Currency:
| Food | - 16% | |||
|---|---|---|---|---|
| Food in Panama is 16% cheaper than in Malta | ||||
| Panama | Malta | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. (€14) | €26 | - 45% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (€7) | €10 | - 28% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.63 B/. (€3.41) | €4.97 | - 31% | |
| 1 liter (1 qt.) of whole fat milk | 2.17 B/. (€2.04) | €0.98 | + 108% | |
| 12 eggs, large | 3.06 B/. (€2.88) | €2.65 | + 8% | |
| 1 kg (2 lb.) of tomatoes | 2.40 B/. (€2.26) | €2.86 | - 21% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (€7) | €4.25 | + 58% | |
| 1 kg (2 lb.) of apples | 2.98 B/. (€2.80) | €1.00 | + 180% | |
| 1 kg (2 lb.) of potatoes | 2.14 B/. (€2.01) | €2.69 | - 25% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.29 B/. (€1.21) | €1.22 | - 0% | |
| 1 bottle of red table wine, good quality | 13 B/. (€13) | €9 | + 48% | |
| 2 liters of coca-cola | 2.55 B/. (€2.40) | €1.66 | + 45% | |
| Bread for 2 people for 1 day | 1.69 B/. (€1.59) | €0.84 | + 89% | |
| Housing | - 18% | |||
| Housing in Panama is 18% cheaper than in Malta | ||||
| Panama | Malta | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,466 B/. (€1,377) | €1,778 | - 23% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 891 B/. (€837) | €1,422 | - 41% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 155 B/. (€145) | €99 | + 47% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 990 B/. (€930) | €1,284 | - 28% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 939 B/. (€883) | €893 | - 1% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 89 B/. (€84) | €82 | + 2% | |
| Internet 8 mbps (1 month) | 43 B/. (€40) | €35 | + 15% | |
| 40” flat screen tv | 346 B/. (€325) | €392 | - 17% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 98 B/. (€92) | €120 | - 24% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (€7) | €7 | - 1% | |
| Hourly rate for cleaning help | 4.57 B/. (€4.30) | €11 | - 61% | |
| Clothes | - 7% | |||
| Clothes in Panama is 7% cheaper than in Malta | ||||
| Panama | Malta | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 49 B/. (€46) | €80 | - 42% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 33 B/. (€31) | €25 | + 26% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 84 B/. (€79) | €86 | - 9% | |
| 1 pair of men’s leather business shoes | 79 B/. (€75) | €75 | - 1% | |
| Transportation | - 3% | |||
| Transportation in Panama is about the same as in Malta | ||||
| Panama | Malta | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 20,405 B/. (€19,173) | €26,952 | - 29% | |
| 1 liter (1/4 gallon) of gas | 1.37 B/. (€1.29) | €1.34 | - 4% | |
| Monthly ticket public transport | 31 B/. (€29) | €24 | + 22% | |
| Personal Care | + 5% | |||
| Personal Care in Panama is 5% more expensive than in Malta | ||||
| Panama | Malta | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 7 B/. (€7) | €3.00 | + 132% | |
| 1 box of antibiotics (12 doses) | 17 B/. (€16) | €20 | - 19% | |
| Short visit to private doctor (15 minutes) | 24 B/. (€23) | - | - | |
| 1 box of 32 tampons (tampax, ob, ...) | 5.50 B/. (€5.17) | €12 | - 57% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.54 B/. (€3.33) | €3.75 | - 11% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (€7) | €3.00 | + 120% | |
| 4 rolls of toilet paper | 3.27 B/. (€3.07) | €3.12 | - 2% | |
| Tube of toothpaste | 2.95 B/. (€2.77) | €1.40 | + 98% | |
| Standard men's haircut in expat area of the city | 15 B/. (€15) | €16 | - 7% | |
| Entertainment | - 34% | |||
| Entertainment in Panama is 34% cheaper than in Malta | ||||
| Panama | Malta | Diff | ||
| Basic dinner out for two in neighborhood pub | 34 B/. (€32) | €45 | - 28% | |
| 2 tickets to the movies | 13 B/. (€12) | €24 | - 50% | |
| 2 tickets to the theater (best available seats) | 36 B/. (€33) | €28 | + 19% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 58 B/. (€54) | €117 | - 54% | |
| 1 cocktail drink in downtown club | 10 B/. (€9) | €11 | - 12% | |
| Cappuccino in expat area of the city | 5.52 B/. (€5.18) | €2.20 | + 136% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.83 B/. (€2.66) | €3.41 | - 22% | |
| Ipad wi-fi 128gb | 663 B/. (€623) | €634 | - 2% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. (€0.27) | €0.54 | - 50% | |
| 1 month of gym membership in business district | 49 B/. (€46) | €54 | - 14% | |
| 1 package of marlboro cigarettes | 5.84 B/. (€5.49) | €5.31 | + 3% | |
| TOTAL | - 16% | |||
These prices were last updated on September 19, 2023.
Exchange rate:
0.940
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 695 prices entered by 79 different people.
Cost of living in Panama is 16% cheaper than in Malta
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