- Cost of Living
- Panama
- Norway
- Comparison
Cost of living in Panama compared to Norway
Currency:
| Food | - 48% | |||
|---|---|---|---|---|
| Food in Panama is 48% cheaper than in Norway | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. (kr 100) | kr 220 | - 55% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (kr 53) | kr 114 | - 53% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.57 B/. (kr 29) | kr 73 | - 60% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. (kr 13) | kr 19 | - 29% | |
| 12 eggs, large | 2.92 B/. (kr 24) | kr 50 | - 52% | |
| 1 kg (2 lb.) of tomatoes | 3.20 B/. (kr 26) | kr 32 | - 17% | |
| 500 gr (16 oz.) of local cheese | 4.68 B/. (kr 38) | kr 63 | - 39% | |
| 1 kg (2 lb.) of apples | 4.51 B/. (kr 37) | kr 28 | + 33% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (kr 16) | kr 21 | - 21% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.87 B/. (kr 7) | kr 31 | - 77% | |
| 1 bottle of red table wine, good quality | 9 B/. (kr 72) | kr 166 | - 57% | |
| 2 liters of Coca-Cola | 2.23 B/. (kr 18) | kr 38 | - 52% | |
| Bread for 2 people for 1 day | 1.62 B/. (kr 13) | kr 22 | - 39% | |
| Housing | - 45% | |||
| Housing in Panama is 45% cheaper than in Norway | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,590 B/. (kr 13,066) | kr 20,550 | - 36% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 1,004 B/. (kr 8,247) | kr 14,718 | - 44% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 130 B/. (kr 1,065) | kr 2,890 | - 63% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 988 B/. (kr 8,118) | kr 13,598 | - 40% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 602 B/. (kr 4,945) | kr 10,689 | - 54% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 108 B/. (kr 891) | kr 1,133 | - 21% | |
| Internet 8 Mbps (1 month) | 31 B/. (kr 255) | kr 314 | - 19% | |
| 40” flat screen TV | 327 B/. (kr 2,689) | kr 3,579 | - 25% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 95 B/. (kr 781) | kr 890 | - 12% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (kr 77) | kr 158 | - 51% | |
| Hourly rate for cleaning help | 4.18 B/. (kr 34) | kr 275 | - 88% | |
| Clothes | - 37% | |||
| Clothes in Panama is 37% cheaper than in Norway | ||||
| 1 pair of jeans (Levis 501 or similar) | 58 B/. (kr 476) | kr 1,027 | - 54% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 39 B/. (kr 320) | kr 432 | - 26% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 82 B/. (kr 678) | kr 1,115 | - 39% | |
| 1 pair of men’s leather business shoes | 102 B/. (kr 839) | kr 1,507 | - 44% | |
| Transportation | - 56% | |||
| Transportation in Panama is 56% cheaper than in Norway | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 20,119 B/. (kr 165,335) | kr 333,057 | - 50% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (kr 7) | kr 15 | - 57% | |
| Monthly ticket public transport | 34 B/. (kr 283) | kr 732 | - 61% | |
| Personal Care | - 10% | |||
| Personal Care in Panama is 10% cheaper than in Norway | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 5.19 B/. (kr 43) | kr 73 | - 42% | |
| 1 box of antibiotics (12 doses) | 26 B/. (kr 217) | kr 181 | + 20% | |
| Short visit to private Doctor (15 minutes) | 41 B/. (kr 333) | kr 443 | - 25% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 8 B/. (kr 67) | kr 45 | + 48% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.64 B/. (kr 46) | kr 39 | + 19% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. (kr 46) | kr 44 | + 4% | |
| 4 rolls of toilet paper | 3.28 B/. (kr 27) | kr 24 | + 12% | |
| Tube of toothpaste | 2.86 B/. (kr 24) | kr 28 | - 15% | |
| Standard men's haircut in expat area of the city | 12 B/. (kr 100) | kr 363 | - 73% | |
| Entertainment | - 29% | |||
| Entertainment in Panama is 29% cheaper than in Norway | ||||
| Basic dinner out for two in neighborhood pub | 48 B/. (kr 391) | kr 504 | - 22% | |
| 2 tickets to the movies | 12 B/. (kr 98) | kr 254 | - 61% | |
| 2 tickets to the theater (best available seats) | 104 B/. (kr 852) | kr 974 | - 13% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 70 B/. (kr 577) | kr 889 | - 35% | |
| 1 cocktail drink in downtown club | 9 B/. (kr 72) | kr 135 | - 47% | |
| Cappuccino in expat area of the city | 3.86 B/. (kr 32) | kr 48 | - 33% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.06 B/. (kr 33) | kr 87 | - 61% | |
| iPad Wi-Fi 128GB | 583 B/. (kr 4,792) | kr 4,395 | + 9% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | kr 2.23 | - | |
| 1 month of gym membership in business district | 58 B/. (kr 475) | kr 498 | - 5% | |
| 1 package of Marlboro cigarettes | 5.21 B/. (kr 43) | kr 121 | - 65% | |
| TOTAL | - 44% | |||
These prices were last updated on October 19, 2018.
Exchange rate:
8.218
NOK
/
PAB
This comparison is based on abundant and consistent data. It is based on 2,070 prices entered by 279 different people.
Cost of living in Panama is 44% cheaper than in Norway
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