Cost of living in Panama compared to Norway
Currency:
| Food | - 51% | |||
|---|---|---|---|---|
| Food in Panama is 51% cheaper than in Norway | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (kr 107) | kr 217 | - 51% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (kr 56) | kr 122 | - 54% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.96 B/. (kr 25) | kr 72 | - 66% | |
| 1 liter (1 qt.) of whole fat milk | 1.40 B/. (kr 12) | kr 21 | - 44% | |
| 12 eggs, large | 2.82 B/. (kr 23) | kr 48 | - 51% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. (kr 20) | kr 37 | - 45% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (kr 46) | kr 66 | - 30% | |
| 1 kg (2 lb.) of apples | 2.42 B/. (kr 20) | kr 33 | - 40% | |
| 1 kg (2 lb.) of potatoes | 2.06 B/. (kr 17) | kr 23 | - 25% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.02 B/. (kr 8) | kr 31 | - 73% | |
| 1 bottle of red table wine, good quality | 10 B/. (kr 85) | kr 160 | - 46% | |
| 2 liters of coca-cola | 2.20 B/. (kr 18) | kr 36 | - 49% | |
| Bread for 2 people for 1 day | 1.60 B/. (kr 13) | kr 20 | - 32% | |
| Housing | - 41% | |||
| Housing in Panama is 41% cheaper than in Norway | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,397 B/. (kr 11,569) | kr 17,874 | - 35% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 910 B/. (kr 7,533) | kr 13,193 | - 43% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 105 B/. (kr 872) | kr 1,328 | - 34% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 858 B/. (kr 7,108) | kr 13,005 | - 45% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 570 B/. (kr 4,724) | kr 9,667 | - 51% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 71 B/. (kr 587) | kr 830 | - 29% | |
| Internet 8 mbps (1 month) | 41 B/. (kr 343) | kr 396 | - 13% | |
| 40” flat screen tv | 360 B/. (kr 2,981) | kr 3,994 | - 25% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 113 B/. (kr 934) | kr 1,544 | - 39% | |
| Laundry detergent (3 l. ~ 100 oz.) | 6 B/. (kr 51) | kr 110 | - 54% | |
| Hourly rate for cleaning help | 8 B/. (kr 65) | kr 272 | - 76% | |
| Clothes | - 48% | |||
| Clothes in Panama is 48% cheaper than in Norway | ||||
| 1 pair of jeans (levis 501 or similar) | 43 B/. (kr 359) | kr 893 | - 60% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 40 B/. (kr 330) | kr 588 | - 44% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 75 B/. (kr 617) | kr 876 | - 30% | |
| 1 pair of men’s leather business shoes | 89 B/. (kr 741) | kr 1,780 | - 58% | |
| Transportation | - 52% | |||
| Transportation in Panama is 52% cheaper than in Norway | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 20,263 B/. (kr 167,820) | kr 352,685 | - 52% | |
| 1 liter (1/4 gallon) of gas | 0.70 B/. (kr 5.82) | kr 16 | - 63% | |
| Monthly ticket public transport | 44 B/. (kr 362) | kr 771 | - 53% | |
| Personal Care | - 27% | |||
| Personal Care in Panama is 27% cheaper than in Norway | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (kr 63) | kr 106 | - 41% | |
| 1 box of antibiotics (12 doses) | 20 B/. (kr 165) | kr 154 | + 7% | |
| Short visit to private doctor (15 minutes) | 40 B/. (kr 332) | kr 405 | - 18% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.21 B/. (kr 35) | kr 55 | - 37% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.91 B/. (kr 32) | kr 51 | - 36% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (kr 55) | kr 80 | - 31% | |
| 4 rolls of toilet paper | 3.05 B/. (kr 25) | kr 23 | + 12% | |
| Tube of toothpaste | 2.58 B/. (kr 21) | kr 23 | - 9% | |
| Standard men's haircut in expat area of the city | 16 B/. (kr 133) | kr 457 | - 71% | |
| Entertainment | - 47% | |||
| Entertainment in Panama is 47% cheaper than in Norway | ||||
| Basic dinner out for two in neighborhood pub | 31 B/. (kr 258) | kr 640 | - 60% | |
| 2 tickets to the movies | 12 B/. (kr 100) | kr 292 | - 66% | |
| 2 tickets to the theater (best available seats) | 39 B/. (kr 324) | kr 1,520 | - 79% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 52 B/. (kr 433) | kr 872 | - 50% | |
| 1 cocktail drink in downtown club | 9 B/. (kr 78) | kr 149 | - 47% | |
| Cappuccino in expat area of the city | 4.88 B/. (kr 40) | kr 47 | - 13% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.49 B/. (kr 29) | kr 93 | - 69% | |
| Ipad wi-fi 128gb | 525 B/. (kr 4,352) | kr 4,993 | - 13% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. (kr 2.79) | - | - | |
| 1 month of gym membership in business district | 46 B/. (kr 384) | kr 539 | - 29% | |
| 1 package of marlboro cigarettes | 5.14 B/. (kr 43) | kr 137 | - 69% | |
| TOTAL | - 46% | |||
These prices were last updated on April 20, 2021.
Exchange rate:
8.282
NOK
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,414 prices entered by 174 different people.
Cost of living in Panama is 46% cheaper than in Norway
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