Cost of living in Panama compared to Norway
Currency:
| Food | - 29% | |||
|---|---|---|---|---|
| Food in Panama is 29% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 18 B/. (kr 188) | kr 234 | - 19% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (kr 82) | kr 125 | - 34% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.95 B/. (kr 42) | kr 67 | - 38% | |
| 1 liter (1 qt.) of whole fat milk | 1.64 B/. (kr 17) | kr 23 | - 25% | |
| 12 eggs, large | 2.92 B/. (kr 31) | kr 59 | - 47% | |
| 1 kg (2 lb.) of tomatoes | 2.52 B/. (kr 27) | kr 44 | - 39% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (kr 85) | kr 56 | + 51% | |
| 1 kg (2 lb.) of apples | 2.72 B/. (kr 29) | kr 31 | - 8% | |
| 1 kg (2 lb.) of potatoes | 2.06 B/. (kr 22) | kr 21 | + 4% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.37 B/. (kr 14) | kr 33 | - 56% | |
| 1 bottle of red table wine, good quality | 13 B/. (kr 138) | kr 175 | - 21% | |
| 2 liters of coca-cola | 2.52 B/. (kr 26) | kr 38 | - 30% | |
| Bread for 2 people for 1 day | 1.89 B/. (kr 20) | kr 29 | - 31% | |
| Housing | - 33% | |||
| Housing in Panama is 33% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,424 B/. (kr 14,983) | kr 22,013 | - 32% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 830 B/. (kr 8,740) | kr 15,540 | - 44% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 114 B/. (kr 1,196) | kr 2,399 | - 50% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 937 B/. (kr 9,861) | kr 12,320 | - 20% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 863 B/. (kr 9,087) | kr 9,571 | - 5% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 92 B/. (kr 970) | kr 1,490 | - 35% | |
| Internet 8 mbps (1 month) | 43 B/. (kr 453) | kr 588 | - 23% | |
| 40” flat screen tv | 431 B/. (kr 4,540) | kr 4,844 | - 6% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 99 B/. (kr 1,042) | kr 3,383 | - 69% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (kr 82) | kr 98 | - 17% | |
| Hourly rate for cleaning help | 11 B/. (kr 112) | kr 413 | - 73% | |
| Clothes | - 34% | |||
| Clothes in Panama is 34% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 43 B/. (kr 451) | kr 820 | - 45% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 29 B/. (kr 309) | kr 487 | - 37% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 79 B/. (kr 836) | kr 996 | - 16% | |
| 1 pair of men’s leather business shoes | 83 B/. (kr 869) | kr 1,096 | - 21% | |
| Transportation | - 44% | |||
| Transportation in Panama is 44% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,953 B/. (kr 241,568) | kr 422,814 | - 43% | |
| 1 liter (1/4 gallon) of gas | 1.46 B/. (kr 15) | kr 22 | - 29% | |
| Monthly ticket public transport | 40 B/. (kr 416) | kr 864 | - 52% | |
| Personal Care | + 7% | |||
| Personal Care in Panama is 7% more expensive than in Norway | ||||
| Panama | Norway | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 11 B/. (kr 117) | kr 124 | - 5% | |
| 1 box of antibiotics (12 doses) | 29 B/. (kr 301) | kr 185 | + 63% | |
| Short visit to private doctor (15 minutes) | 47 B/. (kr 491) | kr 579 | - 15% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (kr 73) | kr 59 | + 24% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.44 B/. (kr 47) | kr 46 | + 2% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (kr 69) | kr 63 | + 8% | |
| 4 rolls of toilet paper | 3.61 B/. (kr 38) | kr 26 | + 43% | |
| Tube of toothpaste | 3.54 B/. (kr 37) | kr 29 | + 27% | |
| Standard men's haircut in expat area of the city | 15 B/. (kr 159) | kr 472 | - 66% | |
| Entertainment | - 16% | |||
| Entertainment in Panama is 16% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Basic dinner out for two in neighborhood pub | 28 B/. (kr 298) | kr 1,003 | - 70% | |
| 2 tickets to the movies | 12 B/. (kr 131) | kr 306 | - 57% | |
| 2 tickets to the theater (best available seats) | 34 B/. (kr 360) | kr 1,645 | - 78% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 57 B/. (kr 600) | kr 1,029 | - 42% | |
| 1 cocktail drink in downtown club | 11 B/. (kr 115) | kr 178 | - 35% | |
| Cappuccino in expat area of the city | 5.46 B/. (kr 57) | kr 47 | + 21% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.82 B/. (kr 30) | kr 99 | - 70% | |
| Ipad wi-fi 128gb | 662 B/. (kr 6,967) | kr 5,285 | + 32% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.50 B/. (kr 5.22) | kr 1.06 | + 391% | |
| 1 month of gym membership in business district | 46 B/. (kr 479) | kr 402 | + 19% | |
| 1 package of marlboro cigarettes | 5.61 B/. (kr 59) | kr 139 | - 58% | |
| TOTAL | - 31% | |||
These prices were last updated on March 31, 2023.
Exchange rate:
10.524
NOK
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,373 prices entered by 174 different people.
Cost of living in Panama is 31% cheaper than in Norway
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