- Cost of Living
- Panama
- Norway
- Comparison
Cost of living in Panama compared to Norway
Currency:
| Food | - 46% | |||
|---|---|---|---|---|
| Food in Panama is 46% cheaper than in Norway | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. (kr 104) | kr 217 | - 52% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (kr 56) | kr 111 | - 50% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.81 B/. (kr 33) | kr 72 | - 54% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. (kr 14) | kr 19 | - 26% | |
| 12 eggs, large | 2.92 B/. (kr 25) | kr 50 | - 50% | |
| 1 kg (2 lb.) of tomatoes | 3.20 B/. (kr 28) | kr 30 | - 9% | |
| 500 gr (16 oz.) of local cheese | 4.68 B/. (kr 40) | kr 65 | - 38% | |
| 1 kg (2 lb.) of apples | 4.51 B/. (kr 39) | kr 28 | + 38% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (kr 17) | kr 21 | - 20% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.87 B/. (kr 7) | kr 32 | - 77% | |
| 1 bottle of red table wine, good quality | 9 B/. (kr 75) | kr 169 | - 56% | |
| 2 liters of Coca-Cola | 2.23 B/. (kr 19) | kr 39 | - 50% | |
| Bread for 2 people for 1 day | 1.62 B/. (kr 14) | kr 23 | - 39% | |
| Housing | - 42% | |||
| Housing in Panama is 42% cheaper than in Norway | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,595 B/. (kr 13,748) | kr 20,403 | - 33% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 1,004 B/. (kr 8,648) | kr 14,640 | - 41% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 147 B/. (kr 1,264) | kr 2,723 | - 54% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 988 B/. (kr 8,512) | kr 13,493 | - 37% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 587 B/. (kr 5,059) | kr 10,485 | - 52% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 108 B/. (kr 934) | kr 1,329 | - 30% | |
| Internet 8 Mbps (1 month) | 31 B/. (kr 267) | kr 309 | - 14% | |
| 40” flat screen TV | 350 B/. (kr 3,016) | kr 3,760 | - 20% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 95 B/. (kr 819) | kr 1,052 | - 22% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (kr 81) | kr 121 | - 33% | |
| Hourly rate for cleaning help | 4.18 B/. (kr 36) | kr 281 | - 87% | |
| Clothes | - 30% | |||
| Clothes in Panama is 30% cheaper than in Norway | ||||
| 1 pair of jeans (Levis 501 or similar) | 67 B/. (kr 581) | kr 1,002 | - 42% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 39 B/. (kr 335) | kr 408 | - 18% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 82 B/. (kr 711) | kr 1,062 | - 33% | |
| 1 pair of men’s leather business shoes | 97 B/. (kr 838) | kr 1,434 | - 42% | |
| Transportation | - 52% | |||
| Transportation in Panama is 52% cheaper than in Norway | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 20,119 B/. (kr 173,364) | kr 315,986 | - 45% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (kr 7) | kr 15 | - 55% | |
| Monthly ticket public transport | 36 B/. (kr 313) | kr 736 | - 57% | |
| Personal Care | - 0% | |||
| Personal Care in Panama is 0% cheaper than in Norway | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 5.19 B/. (kr 45) | kr 77 | - 42% | |
| 1 box of antibiotics (12 doses) | 28 B/. (kr 244) | kr 112 | + 118% | |
| Short visit to private Doctor (15 minutes) | 41 B/. (kr 350) | kr 430 | - 19% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 8 B/. (kr 70) | kr 43 | + 64% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.51 B/. (kr 48) | kr 39 | + 23% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. (kr 48) | kr 44 | + 9% | |
| 4 rolls of toilet paper | 3.28 B/. (kr 28) | kr 29 | - 4% | |
| Tube of toothpaste | 2.86 B/. (kr 25) | kr 28 | - 12% | |
| Standard men's haircut in expat area of the city | 13 B/. (kr 110) | kr 341 | - 68% | |
| Entertainment | - 24% | |||
| Entertainment in Panama is 24% cheaper than in Norway | ||||
| Basic dinner out for two in neighborhood pub | 50 B/. (kr 429) | kr 508 | - 16% | |
| 2 tickets to the movies | 12 B/. (kr 103) | kr 262 | - 61% | |
| 2 tickets to the theater (best available seats) | 104 B/. (kr 893) | kr 872 | + 2% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 71 B/. (kr 613) | kr 865 | - 29% | |
| 1 cocktail drink in downtown club | 9 B/. (kr 77) | kr 140 | - 45% | |
| Cappuccino in expat area of the city | 4.03 B/. (kr 35) | kr 47 | - 27% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.06 B/. (kr 35) | kr 86 | - 59% | |
| iPad Wi-Fi 128GB | 586 B/. (kr 5,046) | kr 4,358 | + 16% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | kr 2.23 | - | |
| 1 month of gym membership in business district | 58 B/. (kr 498) | kr 483 | + 3% | |
| 1 package of Marlboro cigarettes | 5.30 B/. (kr 46) | kr 123 | - 63% | |
| TOTAL | - 40% | |||
These prices were last updated on December 13, 2018.
Exchange rate:
8.617
NOK
/
PAB
This comparison is based on abundant and consistent data. It is based on 2,279 prices entered by 268 different people.
Cost of living in Panama is 40% cheaper than in Norway
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