Cost of living in Venezuela compared to Panama
Currency:
| Food | + 9% | |||
|---|---|---|---|---|
| Food in Venezuela is 9% more expensive than in Panama | ||||
| Venezuela | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | US $18 (18 B/.) | 14 B/. | + 27% | |
| Combo meal in fast food restaurant (big mac meal or similar) | US $10 (10 B/.) | 8 B/. | + 28% | |
| 500 gr (1 lb.) of boneless chicken breast | US $3.31 (3.31 B/.) | 3.91 B/. | - 15% | |
| 1 liter (1 qt.) of whole fat milk | US $2.26 (2.26 B/.) | 1.63 B/. | + 39% | |
| 12 eggs, large | US $2.92 (2.92 B/.) | 2.85 B/. | + 2% | |
| 1 kg (2 lb.) of tomatoes | US $1.93 (1.93 B/.) | 2.07 B/. | - 7% | |
| 500 gr (16 oz.) of local cheese | US $3.16 (3.16 B/.) | 7 B/. | - 56% | |
| 1 kg (2 lb.) of apples | US $5.08 (5.08 B/.) | 2.55 B/. | + 99% | |
| 1 kg (2 lb.) of potatoes | US $2.32 (2.32 B/.) | 1.96 B/. | + 18% | |
| 0.5 l (16 oz) domestic beer in the supermarket | US $1.73 (1.73 B/.) | 1.51 B/. | + 14% | |
| 1 bottle of red table wine, good quality | US $10 (10 B/.) | 13 B/. | - 24% | |
| 2 liters of coca-cola | US $2.32 (2.33 B/.) | 2.44 B/. | - 5% | |
| Bread for 2 people for 1 day | US $1.09 (1.09 B/.) | 1.61 B/. | - 33% | |
| Housing | - 39% | |||
| Housing in Venezuela is 39% cheaper than in Panama | ||||
| Venezuela | Panama | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | US $864 (865 B/.) | 1,273 B/. | - 32% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | US $408 (408 B/.) | 852 B/. | - 52% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | US $37 (37 B/.) | 127 B/. | - 71% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | US $496 (496 B/.) | 908 B/. | - 45% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | US $293 (293 B/.) | 556 B/. | - 47% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | US $32 (32 B/.) | 78 B/. | - 59% | |
| Internet 8 mbps (1 month) | US $29 (29 B/.) | 46 B/. | - 38% | |
| 40” flat screen tv | US $271 (272 B/.) | 340 B/. | - 20% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | US $143 (143 B/.) | 106 B/. | + 35% | |
| Laundry detergent (3 l. ~ 100 oz.) | US $8 (8 B/.) | 8 B/. | - 1% | |
| Hourly rate for cleaning help | US $9 (9 B/.) | 15 B/. | - 39% | |
| Clothes | + 1% | |||
| Clothes in Venezuela is about the same as in Panama | ||||
| Venezuela | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | US $45 (45 B/.) | 48 B/. | - 6% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | US $28 (28 B/.) | 26 B/. | + 5% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | US $91 (91 B/.) | 79 B/. | + 16% | |
| 1 pair of men’s leather business shoes | US $64 (64 B/.) | 83 B/. | - 23% | |
| Transportation | - 26% | |||
| Transportation in Venezuela is 26% cheaper than in Panama | ||||
| Venezuela | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | US $22,764 (22,776 B/.) | 22,433 B/. | + 2% | |
| 1 liter (1/4 gallon) of gas | US $0.58 (0.58 B/.) | 1.29 B/. | - 55% | |
| Monthly ticket public transport | US $27 (27 B/.) | 42 B/. | - 34% | |
| Personal Care | - 45% | |||
| Personal Care in Venezuela is 45% cheaper than in Panama | ||||
| Venezuela | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | US $3.48 (3.48 B/.) | 8 B/. | - 59% | |
| 1 box of antibiotics (12 doses) | US $8 (8 B/.) | 32 B/. | - 75% | |
| Short visit to private doctor (15 minutes) | US $46 (46 B/.) | 62 B/. | - 27% | |
| 1 box of 32 tampons (tampax, ob, ...) | US $4.38 (4.39 B/.) | 9 B/. | - 51% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | US $3.86 (3.86 B/.) | 5.05 B/. | - 24% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | US $4.42 (4.42 B/.) | 7 B/. | - 36% | |
| 4 rolls of toilet paper | US $2.68 (2.68 B/.) | 3.79 B/. | - 29% | |
| Tube of toothpaste | US $2.08 (2.08 B/.) | 3.38 B/. | - 38% | |
| Standard men's haircut in expat area of the city | US $18 (18 B/.) | 19 B/. | - 8% | |
| Entertainment | - 4% | |||
| Entertainment in Venezuela is about the same as in Panama | ||||
| Venezuela | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | US $25 (25 B/.) | 29 B/. | - 15% | |
| 2 tickets to the movies | US $9 (9 B/.) | 13 B/. | - 31% | |
| 2 tickets to the theater (best available seats) | US $57 (57 B/.) | 55 B/. | + 3% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | US $43 (43 B/.) | 47 B/. | - 10% | |
| 1 cocktail drink in downtown club | US $10 (10 B/.) | 8 B/. | + 16% | |
| Cappuccino in expat area of the city | US $4.26 (4.26 B/.) | 5.69 B/. | - 25% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | US $1.53 (1.53 B/.) | 2.75 B/. | - 44% | |
| Ipad wi-fi 128gb | US $750 (751 B/.) | 651 B/. | + 15% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | US $0.22 (0.22 B/.) | 0.22 B/. | + 0% | |
| 1 month of gym membership in business district | US $54 (54 B/.) | 47 B/. | + 15% | |
| 1 package of marlboro cigarettes | US $3.12 (3.12 B/.) | 5.66 B/. | - 45% | |
| TOTAL | - 20% | |||
These prices were last updated on January 28, 2023.
Exchange rate:
1.001
PAB
/
USD
This comparison is based on abundant and consistent data. It is based on 3,085 prices entered by 261 different people.
Cost of living in Venezuela is 20% cheaper than in Panama
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