Cost of living in Venezuela compared to Panama
Currency:
| Food | + 6% | |||
|---|---|---|---|---|
| Food in Venezuela is 6% more expensive than in Panama | ||||
| Venezuela | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | US $16 (16 B/.) | 15 B/. | + 7% | |
| Combo meal in fast food restaurant (big mac meal or similar) | US $9 (9 B/.) | 7 B/. | + 15% | |
| 500 gr (1 lb.) of boneless chicken breast | US $3.91 (3.91 B/.) | 3.00 B/. | + 30% | |
| 1 liter (1 qt.) of whole fat milk | US $2.01 (2.01 B/.) | 1.77 B/. | + 14% | |
| 12 eggs, large | US $2.75 (2.75 B/.) | 2.61 B/. | + 5% | |
| 1 kg (2 lb.) of tomatoes | US $1.76 (1.76 B/.) | 2.47 B/. | - 29% | |
| 500 gr (16 oz.) of local cheese | US $3.76 (3.76 B/.) | 6 B/. | - 38% | |
| 1 kg (2 lb.) of apples | US $7 (7 B/.) | 3.32 B/. | + 117% | |
| 1 kg (2 lb.) of potatoes | US $2.51 (2.51 B/.) | 2.27 B/. | + 11% | |
| 0.5 l (16 oz) domestic beer in the supermarket | US $1.59 (1.59 B/.) | 1.39 B/. | + 15% | |
| 1 bottle of red table wine, good quality | US $12 (12 B/.) | 9 B/. | + 27% | |
| 2 liters of coca-cola | US $2.25 (2.25 B/.) | 2.29 B/. | - 2% | |
| Bread for 2 people for 1 day | US $1.30 (1.30 B/.) | 2.19 B/. | - 40% | |
| Housing | - 44% | |||
| Housing in Venezuela is 44% cheaper than in Panama | ||||
| Venezuela | Panama | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | US $767 (767 B/.) | 1,470 B/. | - 48% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | US $585 (585 B/.) | 969 B/. | - 40% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | US $47 (47 B/.) | 126 B/. | - 63% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | US $518 (518 B/.) | 921 B/. | - 44% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | US $318 (318 B/.) | 607 B/. | - 48% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | US $49 (49 B/.) | 97 B/. | - 50% | |
| Internet 8 mbps (1 month) | US $26 (26 B/.) | 44 B/. | - 41% | |
| 40” flat screen tv | US $174 (174 B/.) | 280 B/. | - 38% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | US $89 (89 B/.) | 131 B/. | - 32% | |
| Laundry detergent (3 l. ~ 100 oz.) | US $7 (7 B/.) | 22 B/. | - 66% | |
| Hourly rate for cleaning help | US $11 (11 B/.) | 11 B/. | - 5% | |
| Clothes | - 22% | |||
| Clothes in Venezuela is 22% cheaper than in Panama | ||||
| Venezuela | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | US $51 (51 B/.) | 44 B/. | + 17% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | US $30 (30 B/.) | 49 B/. | - 39% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | US $100 (100 B/.) | 110 B/. | - 9% | |
| 1 pair of men’s leather business shoes | US $91 (91 B/.) | 146 B/. | - 38% | |
| Transportation | + 4% | |||
| Transportation in Venezuela is 4% more expensive than in Panama | ||||
| Venezuela | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | US $25,869 (25,867 B/.) | 24,370 B/. | + 6% | |
| 1 liter (1/4 gallon) of gas | US $0.50 (0.50 B/.) | 0.97 B/. | - 48% | |
| Monthly ticket public transport | US $33 (33 B/.) | 27 B/. | + 22% | |
| Personal Care | - 38% | |||
| Personal Care in Venezuela is 38% cheaper than in Panama | ||||
| Venezuela | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | US $4.42 (4.42 B/.) | 10 B/. | - 57% | |
| 1 box of antibiotics (12 doses) | US $12 (12 B/.) | 19 B/. | - 39% | |
| Short visit to private doctor (15 minutes) | US $44 (44 B/.) | 63 B/. | - 30% | |
| 1 box of 32 tampons (tampax, ob, ...) | US $10 (10 B/.) | 11 B/. | - 15% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | US $4.66 (4.66 B/.) | 7 B/. | - 35% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | US $7 (7 B/.) | 9 B/. | - 23% | |
| 4 rolls of toilet paper | US $3.01 (3.01 B/.) | 4.49 B/. | - 33% | |
| Tube of toothpaste | US $2.58 (2.58 B/.) | 3.34 B/. | - 23% | |
| Standard men's haircut in expat area of the city | US $16 (16 B/.) | 45 B/. | - 65% | |
| Entertainment | - 6% | |||
| Entertainment in Venezuela is 6% cheaper than in Panama | ||||
| Venezuela | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | US $28 (28 B/.) | 36 B/. | - 23% | |
| 2 tickets to the movies | US $9 (9 B/.) | 11 B/. | - 17% | |
| 2 tickets to the theater (best available seats) | US $68 (68 B/.) | 35 B/. | + 95% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | US $57 (57 B/.) | 66 B/. | - 13% | |
| 1 cocktail drink in downtown club | US $12 (12 B/.) | 17 B/. | - 32% | |
| Cappuccino in expat area of the city | US $4.36 (4.36 B/.) | 8 B/. | - 48% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | US $1.78 (1.78 B/.) | 4.62 B/. | - 62% | |
| Ipad wi-fi 128gb | US $539 (539 B/.) | 805 B/. | - 33% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | US $0.59 (0.59 B/.) | 0.50 B/. | + 17% | |
| 1 month of gym membership in business district | US $93 (93 B/.) | 57 B/. | + 61% | |
| 1 package of marlboro cigarettes | US $3.48 (3.48 B/.) | 8 B/. | - 57% | |
| TOTAL | - 17% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,350 prices entered by 164 different people.
These prices were last updated on March 19, 2025.
Exchange rate:
1.000
PAB
/
USD
Cost of living in Venezuela is 17% cheaper than in Panama
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