Cost of living in Panama compared to Switzerland
Currency:
| Food | - 49% | |||
|---|---|---|---|---|
| Food in Panama is 49% cheaper than in Switzerland | ||||
| Panama | Switzerland | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (CHF 13) | CHF 25 | - 49% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (CHF 7) | CHF 15 | - 54% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.91 B/. (CHF 3.60) | CHF 13 | - 73% | |
| 1 liter (1 qt.) of whole fat milk | 1.63 B/. (CHF 1.50) | CHF 1.66 | - 10% | |
| 12 eggs, large | 2.85 B/. (CHF 2.62) | CHF 7 | - 64% | |
| 1 kg (2 lb.) of tomatoes | 2.07 B/. (CHF 1.91) | CHF 3.99 | - 52% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (CHF 7) | CHF 12 | - 44% | |
| 1 kg (2 lb.) of apples | 2.55 B/. (CHF 2.35) | CHF 3.53 | - 34% | |
| 1 kg (2 lb.) of potatoes | 1.96 B/. (CHF 1.81) | CHF 2.30 | - 21% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.51 B/. (CHF 1.39) | CHF 1.90 | - 27% | |
| 1 bottle of red table wine, good quality | 13 B/. (CHF 12) | CHF 14 | - 14% | |
| 2 liters of coca-cola | 2.44 B/. (CHF 2.25) | CHF 2.31 | - 3% | |
| Bread for 2 people for 1 day | 1.61 B/. (CHF 1.48) | CHF 2.56 | - 42% | |
| Housing | - 55% | |||
| Housing in Panama is 55% cheaper than in Switzerland | ||||
| Panama | Switzerland | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,273 B/. (CHF 1,172) | CHF 3,365 | - 65% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 852 B/. (CHF 784) | CHF 2,532 | - 69% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 127 B/. (CHF 117) | CHF 189 | - 38% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 908 B/. (CHF 835) | CHF 1,896 | - 56% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 556 B/. (CHF 512) | CHF 1,449 | - 65% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. (CHF 72) | CHF 97 | - 25% | |
| Internet 8 mbps (1 month) | 46 B/. (CHF 43) | CHF 50 | - 14% | |
| 40” flat screen tv | 340 B/. (CHF 313) | CHF 479 | - 35% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 106 B/. (CHF 98) | CHF 106 | - 8% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (CHF 8) | CHF 12 | - 36% | |
| Hourly rate for cleaning help | 15 B/. (CHF 14) | CHF 33 | - 57% | |
| Clothes | - 53% | |||
| Clothes in Panama is 53% cheaper than in Switzerland | ||||
| Panama | Switzerland | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (CHF 44) | CHF 105 | - 58% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 26 B/. (CHF 24) | CHF 50 | - 52% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 79 B/. (CHF 73) | CHF 115 | - 37% | |
| 1 pair of men’s leather business shoes | 83 B/. (CHF 77) | CHF 182 | - 58% | |
| Transportation | - 44% | |||
| Transportation in Panama is 44% cheaper than in Switzerland | ||||
| Panama | Switzerland | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,433 B/. (CHF 20,648) | CHF 31,210 | - 34% | |
| 1 liter (1/4 gallon) of gas | 1.29 B/. (CHF 1.19) | CHF 2.05 | - 42% | |
| Monthly ticket public transport | 42 B/. (CHF 38) | CHF 79 | - 51% | |
| Personal Care | - 24% | |||
| Personal Care in Panama is 24% cheaper than in Switzerland | ||||
| Panama | Switzerland | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (CHF 8) | CHF 15 | - 48% | |
| 1 box of antibiotics (12 doses) | 32 B/. (CHF 30) | CHF 35 | - 15% | |
| Short visit to private doctor (15 minutes) | 62 B/. (CHF 57) | CHF 130 | - 56% | |
| 1 box of 32 tampons (tampax, ob, ...) | 9 B/. (CHF 8) | CHF 5.29 | + 55% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.05 B/. (CHF 4.65) | CHF 4.05 | + 15% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (CHF 6) | CHF 4.98 | + 29% | |
| 4 rolls of toilet paper | 3.79 B/. (CHF 3.49) | CHF 2.69 | + 30% | |
| Tube of toothpaste | 3.38 B/. (CHF 3.11) | CHF 3.07 | + 1% | |
| Standard men's haircut in expat area of the city | 19 B/. (CHF 17) | CHF 50 | - 65% | |
| Entertainment | - 46% | |||
| Entertainment in Panama is 46% cheaper than in Switzerland | ||||
| Panama | Switzerland | Diff | ||
| Basic dinner out for two in neighborhood pub | 29 B/. (CHF 27) | CHF 67 | - 60% | |
| 2 tickets to the movies | 13 B/. (CHF 12) | CHF 39 | - 70% | |
| 2 tickets to the theater (best available seats) | 55 B/. (CHF 51) | CHF 85 | - 40% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 47 B/. (CHF 44) | CHF 113 | - 61% | |
| 1 cocktail drink in downtown club | 8 B/. (CHF 8) | CHF 17 | - 53% | |
| Cappuccino in expat area of the city | 5.69 B/. (CHF 5.24) | CHF 5.13 | + 2% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. (CHF 2.53) | CHF 7 | - 64% | |
| Ipad wi-fi 128gb | 651 B/. (CHF 599) | CHF 813 | - 26% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.22 B/. (CHF 0.20) | CHF 0.22 | - 7% | |
| 1 month of gym membership in business district | 47 B/. (CHF 44) | CHF 81 | - 46% | |
| 1 package of marlboro cigarettes | 5.66 B/. (CHF 5.21) | CHF 9 | - 45% | |
| TOTAL | - 48% | |||
These prices were last updated on January 22, 2023.
Exchange rate:
0.920
CHF
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,709 prices entered by 220 different people.
Cost of living in Panama is 48% cheaper than in Switzerland
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