Cost of living in Panama compared to Switzerland
Currency:
| Food | - 53% | |||
|---|---|---|---|---|
| Food in Panama is 53% cheaper than in Switzerland | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (CHF 12) | CHF 26 | - 54% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (CHF 6) | CHF 14 | - 56% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.96 B/. (CHF 2.72) | CHF 12 | - 78% | |
| 1 liter (1 qt.) of whole fat milk | 1.40 B/. (CHF 1.28) | CHF 1.61 | - 20% | |
| 12 eggs, large | 2.82 B/. (CHF 2.59) | CHF 7 | - 65% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. (CHF 2.27) | CHF 3.73 | - 39% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (CHF 5.08) | CHF 11 | - 54% | |
| 1 kg (2 lb.) of apples | 2.42 B/. (CHF 2.23) | CHF 3.83 | - 42% | |
| 1 kg (2 lb.) of potatoes | 2.06 B/. (CHF 1.89) | CHF 2.34 | - 19% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.02 B/. (CHF 0.93) | CHF 2.06 | - 55% | |
| 1 bottle of red table wine, good quality | 10 B/. (CHF 9) | CHF 15 | - 37% | |
| 2 liters of coca-cola | 2.20 B/. (CHF 2.02) | CHF 2.52 | - 20% | |
| Bread for 2 people for 1 day | 1.60 B/. (CHF 1.47) | CHF 2.55 | - 42% | |
| Housing | - 50% | |||
| Housing in Panama is 50% cheaper than in Switzerland | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,397 B/. (CHF 1,285) | CHF 2,736 | - 53% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 910 B/. (CHF 837) | CHF 2,168 | - 61% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 105 B/. (CHF 97) | CHF 167 | - 42% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 858 B/. (CHF 789) | CHF 1,619 | - 51% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 570 B/. (CHF 525) | CHF 1,180 | - 56% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 71 B/. (CHF 65) | CHF 94 | - 31% | |
| Internet 8 mbps (1 month) | 41 B/. (CHF 38) | CHF 40 | - 5% | |
| 40” flat screen tv | 360 B/. (CHF 331) | CHF 400 | - 17% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 113 B/. (CHF 104) | CHF 137 | - 24% | |
| Laundry detergent (3 l. ~ 100 oz.) | 6 B/. (CHF 5.67) | CHF 15 | - 62% | |
| Hourly rate for cleaning help | 8 B/. (CHF 7) | CHF 30 | - 76% | |
| Clothes | - 48% | |||
| Clothes in Panama is 48% cheaper than in Switzerland | ||||
| 1 pair of jeans (levis 501 or similar) | 43 B/. (CHF 40) | CHF 111 | - 64% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 40 B/. (CHF 37) | CHF 60 | - 39% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 75 B/. (CHF 69) | CHF 128 | - 47% | |
| 1 pair of men’s leather business shoes | 89 B/. (CHF 82) | CHF 167 | - 51% | |
| Transportation | - 47% | |||
| Transportation in Panama is 47% cheaper than in Switzerland | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 20,263 B/. (CHF 18,636) | CHF 28,438 | - 34% | |
| 1 liter (1/4 gallon) of gas | 0.70 B/. (CHF 0.65) | CHF 1.50 | - 57% | |
| Monthly ticket public transport | 44 B/. (CHF 40) | CHF 84 | - 52% | |
| Personal Care | - 41% | |||
| Personal Care in Panama is 41% cheaper than in Switzerland | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (CHF 7) | CHF 16 | - 57% | |
| 1 box of antibiotics (12 doses) | 20 B/. (CHF 18) | CHF 24 | - 24% | |
| Short visit to private doctor (15 minutes) | 40 B/. (CHF 37) | CHF 106 | - 65% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.21 B/. (CHF 3.87) | CHF 6 | - 36% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.91 B/. (CHF 3.59) | CHF 4.74 | - 24% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (CHF 6) | CHF 5.27 | + 16% | |
| 4 rolls of toilet paper | 3.05 B/. (CHF 2.81) | CHF 3.91 | - 28% | |
| Tube of toothpaste | 2.58 B/. (CHF 2.37) | CHF 4.67 | - 49% | |
| Standard men's haircut in expat area of the city | 16 B/. (CHF 15) | CHF 39 | - 62% | |
| Entertainment | - 50% | |||
| Entertainment in Panama is 50% cheaper than in Switzerland | ||||
| Basic dinner out for two in neighborhood pub | 31 B/. (CHF 29) | CHF 77 | - 63% | |
| 2 tickets to the movies | 12 B/. (CHF 11) | CHF 35 | - 68% | |
| 2 tickets to the theater (best available seats) | 39 B/. (CHF 36) | CHF 246 | - 85% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 52 B/. (CHF 48) | CHF 107 | - 55% | |
| 1 cocktail drink in downtown club | 9 B/. (CHF 9) | CHF 16 | - 45% | |
| Cappuccino in expat area of the city | 4.88 B/. (CHF 4.49) | CHF 5.06 | - 11% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.49 B/. (CHF 3.21) | CHF 7 | - 55% | |
| Ipad wi-fi 128gb | 525 B/. (CHF 483) | CHF 464 | + 4% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. (CHF 0.31) | CHF 0.39 | - 20% | |
| 1 month of gym membership in business district | 46 B/. (CHF 43) | CHF 110 | - 61% | |
| 1 package of marlboro cigarettes | 5.14 B/. (CHF 4.72) | CHF 9 | - 45% | |
| TOTAL | - 50% | |||
These prices were last updated on April 18, 2021.
Exchange rate:
0.920
CHF
/
PAB
This comparison is based on abundant and consistent data. It is based on 2,194 prices entered by 267 different people.
Cost of living in Panama is 50% cheaper than in Switzerland
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