Cost of living in Panama compared to Philippines
Currency:
| Food | + 35% | |||
|---|---|---|---|---|
| Food in Panama is 35% more expensive than in Philippines | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. (Php565) | Php278 | + 103% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (Php335) | Php176 | + 90% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.65 B/. (Php129) | Php115 | + 12% | |
| 1 liter (1 qt.) of whole fat milk | 1.40 B/. (Php68) | Php86 | - 21% | |
| 12 eggs, large | 2.77 B/. (Php135) | Php106 | + 27% | |
| 1 kg (2 lb.) of tomatoes | 2.60 B/. (Php127) | Php87 | + 46% | |
| 500 gr (16 oz.) of local cheese | 5.99 B/. (Php291) | Php205 | + 42% | |
| 1 kg (2 lb.) of apples | 2.92 B/. (Php142) | Php154 | - 8% | |
| 1 kg (2 lb.) of potatoes | 2.03 B/. (Php99) | Php98 | + 1% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.02 B/. (Php50) | Php63 | - 21% | |
| 1 bottle of red table wine, good quality | 10 B/. (Php470) | Php403 | + 17% | |
| 2 liters of coca-cola | 2.20 B/. (Php107) | Php84 | + 27% | |
| Bread for 2 people for 1 day | 1.64 B/. (Php80) | Php61 | + 32% | |
| Housing | + 27% | |||
| Housing in Panama is 27% more expensive than in Philippines | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,285 B/. (Php62,522) | Php53,329 | + 17% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 919 B/. (Php44,688) | Php26,864 | + 66% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 109 B/. (Php5,316) | Php5,346 | - 1% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 856 B/. (Php41,631) | Php32,454 | + 28% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 673 B/. (Php32,714) | Php17,484 | + 87% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 79 B/. (Php3,852) | Php2,429 | + 59% | |
| Internet 8 mbps (1 month) | 40 B/. (Php1,950) | Php1,644 | + 19% | |
| 40” flat screen tv | 389 B/. (Php18,926) | Php13,655 | + 39% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 101 B/. (Php4,909) | Php5,856 | - 16% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (Php368) | Php283 | + 30% | |
| Hourly rate for cleaning help | 5.37 B/. (Php261) | Php280 | - 7% | |
| Clothes | + 12% | |||
| Clothes in Panama is 12% more expensive than in Philippines | ||||
| 1 pair of jeans (levis 501 or similar) | 44 B/. (Php2,151) | Php2,272 | - 5% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 38 B/. (Php1,833) | Php1,330 | + 38% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 68 B/. (Php3,288) | Php4,611 | - 29% | |
| 1 pair of men’s leather business shoes | 78 B/. (Php3,784) | Php4,052 | - 7% | |
| Transportation | + 10% | |||
| Transportation in Panama is 10% more expensive than in Philippines | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 20,866 B/. (Php1,014,982) | Php1,154,410 | - 12% | |
| 1 liter (1/4 gallon) of gas | 0.70 B/. (Php34) | Php48 | - 29% | |
| Monthly ticket public transport | 44 B/. (Php2,127) | Php1,437 | + 48% | |
| Personal Care | + 50% | |||
| Personal Care in Panama is 50% more expensive than in Philippines | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 11 B/. (Php549) | Php198 | + 177% | |
| 1 box of antibiotics (12 doses) | 19 B/. (Php941) | Php809 | + 16% | |
| Short visit to private doctor (15 minutes) | 37 B/. (Php1,776) | Php589 | + 202% | |
| 1 box of 32 tampons (tampax, ob, ...) | 3.83 B/. (Php186) | Php305 | - 39% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.02 B/. (Php147) | Php151 | - 2% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. (Php272) | Php155 | + 75% | |
| 4 rolls of toilet paper | 2.62 B/. (Php127) | Php85 | + 50% | |
| Tube of toothpaste | 2.90 B/. (Php141) | Php86 | + 64% | |
| Standard men's haircut in expat area of the city | 14 B/. (Php697) | Php309 | + 126% | |
| Entertainment | + 53% | |||
| Entertainment in Panama is 53% more expensive than in Philippines | ||||
| Basic dinner out for two in neighborhood pub | 30 B/. (Php1,443) | Php867 | + 67% | |
| 2 tickets to the movies | 12 B/. (Php573) | Php510 | + 12% | |
| 2 tickets to the theater (best available seats) | 39 B/. (Php1,889) | Php2,231 | - 15% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 54 B/. (Php2,621) | Php2,140 | + 22% | |
| 1 cocktail drink in downtown club | 9 B/. (Php437) | Php249 | + 76% | |
| Cappuccino in expat area of the city | 4.62 B/. (Php225) | Php162 | + 39% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.92 B/. (Php191) | Php87 | + 118% | |
| Ipad wi-fi 128gb | 537 B/. (Php26,137) | Php19,345 | + 35% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. (Php16) | Php8 | + 113% | |
| 1 month of gym membership in business district | 46 B/. (Php2,246) | Php1,689 | + 33% | |
| 1 package of marlboro cigarettes | 5.35 B/. (Php260) | Php115 | + 126% | |
| TOTAL | + 29% | |||
These prices were last updated on March 06, 2021.
Exchange rate:
48.644
PHP
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,974 prices entered by 320 different people.
Cost of living in Panama is 29% more expensive than in Philippines
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