Cost of living in Peru compared to Panama
Currency:
| Food | - 48% | |||
|---|---|---|---|---|
| Food in Peru is 48% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | S/. 25 (7 B/.) | 18 B/. | - 63% | |
| Combo meal in fast food restaurant (big mac meal or similar) | S/. 19 (4.91 B/.) | 8 B/. | - 37% | |
| 500 gr (1 lb.) of boneless chicken breast | S/. 8 (2.13 B/.) | 3.95 B/. | - 46% | |
| 1 liter (1 qt.) of whole fat milk | S/. 4.89 (1.30 B/.) | 1.64 B/. | - 21% | |
| 12 eggs, large | S/. 8 (2.18 B/.) | 2.92 B/. | - 25% | |
| 1 kg (2 lb.) of tomatoes | S/. 3.38 (0.90 B/.) | 2.52 B/. | - 64% | |
| 500 gr (16 oz.) of local cheese | S/. 13 (3.53 B/.) | 8 B/. | - 57% | |
| 1 kg (2 lb.) of apples | S/. 4.62 (1.23 B/.) | 2.72 B/. | - 55% | |
| 1 kg (2 lb.) of potatoes | S/. 3.09 (0.82 B/.) | 2.06 B/. | - 60% | |
| 0.5 l (16 oz) domestic beer in the supermarket | S/. 6 (1.66 B/.) | 1.37 B/. | + 21% | |
| 1 bottle of red table wine, good quality | S/. 34 (9 B/.) | 13 B/. | - 32% | |
| 2 liters of coca-cola | S/. 8 (2.10 B/.) | 2.52 B/. | - 16% | |
| Bread for 2 people for 1 day | S/. 2.09 (0.55 B/.) | 1.89 B/. | - 71% | |
| Housing | - 49% | |||
| Housing in Peru is 49% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | S/. 3,051 (809 B/.) | 1,424 B/. | - 43% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | S/. 1,686 (447 B/.) | 830 B/. | - 46% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | S/. 191 (51 B/.) | 114 B/. | - 55% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | S/. 1,749 (464 B/.) | 937 B/. | - 50% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | S/. 1,089 (289 B/.) | 863 B/. | - 67% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | S/. 143 (38 B/.) | 92 B/. | - 59% | |
| Internet 8 mbps (1 month) | S/. 71 (19 B/.) | 43 B/. | - 56% | |
| 40” flat screen tv | S/. 1,305 (346 B/.) | 431 B/. | - 20% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | S/. 406 (108 B/.) | 99 B/. | + 9% | |
| Laundry detergent (3 l. ~ 100 oz.) | S/. 34 (9 B/.) | 8 B/. | + 16% | |
| Hourly rate for cleaning help | S/. 19 (5.13 B/.) | 11 B/. | - 52% | |
| Clothes | - 12% | |||
| Clothes in Peru is 12% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | S/. 159 (42 B/.) | 43 B/. | - 2% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | S/. 98 (26 B/.) | 29 B/. | - 12% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | S/. 245 (65 B/.) | 79 B/. | - 18% | |
| 1 pair of men’s leather business shoes | S/. 243 (64 B/.) | 83 B/. | - 22% | |
| Transportation | - 21% | |||
| Transportation in Peru is 21% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | S/. 62,854 (16,670 B/.) | 22,953 B/. | - 27% | |
| 1 liter (1/4 gallon) of gas | S/. 5.37 (1.42 B/.) | 1.46 B/. | - 3% | |
| Monthly ticket public transport | S/. 108 (29 B/.) | 40 B/. | - 28% | |
| Personal Care | - 54% | |||
| Personal Care in Peru is 54% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | S/. 16 (4.17 B/.) | 11 B/. | - 62% | |
| 1 box of antibiotics (12 doses) | S/. 11 (3.04 B/.) | 29 B/. | - 89% | |
| Short visit to private doctor (15 minutes) | S/. 94 (25 B/.) | 47 B/. | - 46% | |
| 1 box of 32 tampons (tampax, ob, ...) | S/. 26 (7 B/.) | 7 B/. | + 0% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | S/. 15 (3.89 B/.) | 4.44 B/. | - 12% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | S/. 17 (4.51 B/.) | 7 B/. | - 31% | |
| 4 rolls of toilet paper | S/. 5.53 (1.47 B/.) | 3.61 B/. | - 59% | |
| Tube of toothpaste | S/. 5.61 (1.49 B/.) | 3.54 B/. | - 58% | |
| Standard men's haircut in expat area of the city | S/. 37 (10 B/.) | 15 B/. | - 36% | |
| Entertainment | - 44% | |||
| Entertainment in Peru is 44% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | S/. 52 (14 B/.) | 28 B/. | - 52% | |
| 2 tickets to the movies | S/. 28 (7 B/.) | 12 B/. | - 41% | |
| 2 tickets to the theater (best available seats) | S/. 110 (29 B/.) | 34 B/. | - 15% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | S/. 109 (29 B/.) | 57 B/. | - 49% | |
| 1 cocktail drink in downtown club | S/. 33 (9 B/.) | 11 B/. | - 20% | |
| Cappuccino in expat area of the city | S/. 15 (3.91 B/.) | 5.46 B/. | - 28% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | S/. 8 (2.01 B/.) | 2.82 B/. | - 29% | |
| Ipad wi-fi 128gb | S/. 1,934 (513 B/.) | 662 B/. | - 23% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | S/. 0.57 (0.15 B/.) | 0.50 B/. | - 69% | |
| 1 month of gym membership in business district | S/. 152 (40 B/.) | 46 B/. | - 12% | |
| 1 package of marlboro cigarettes | S/. 17 (4.64 B/.) | 5.70 B/. | - 19% | |
| TOTAL | - 41% | |||
These prices were last updated on March 27, 2023.
Exchange rate:
0.26522
PAB
/
PEN
This comparison is based on abundant and consistent data. It is based on 3,553 prices entered by 437 different people.
Cost of living in Peru is 41% cheaper than in Panama
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