- Cost of Living
- Panama
- Switzerland
- Comparison
Cost of living in Panama compared to Switzerland
Currency:
| Food | - 48% | |||
|---|---|---|---|---|
| Food in Panama is 48% cheaper than in Switzerland | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. (CHF 12) | CHF 25 | - 52% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (CHF 7) | CHF 14 | - 52% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.57 B/. (CHF 3.59) | CHF 14 | - 75% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. (CHF 1.63) | CHF 1.70 | - 4% | |
| 12 eggs, large | 2.92 B/. (CHF 2.94) | CHF 7 | - 60% | |
| 1 kg (2 lb.) of tomatoes | 3.20 B/. (CHF 3.23) | CHF 4.02 | - 20% | |
| 500 gr (16 oz.) of local cheese | 4.68 B/. (CHF 4.71) | CHF 12 | - 60% | |
| 1 kg (2 lb.) of apples | 4.51 B/. (CHF 4.54) | CHF 3.86 | + 18% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (CHF 2.01) | CHF 3.11 | - 35% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.87 B/. (CHF 0.87) | CHF 2.47 | - 65% | |
| 1 bottle of red table wine, good quality | 9 B/. (CHF 9) | CHF 16 | - 45% | |
| 2 liters of Coca-Cola | 2.23 B/. (CHF 2.25) | CHF 2.45 | - 8% | |
| Bread for 2 people for 1 day | 1.62 B/. (CHF 1.63) | CHF 2.46 | - 34% | |
| Housing | - 48% | |||
| Housing in Panama is 48% cheaper than in Switzerland | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,595 B/. (CHF 1,607) | CHF 2,909 | - 45% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 1,004 B/. (CHF 1,011) | CHF 2,288 | - 56% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 130 B/. (CHF 130) | CHF 188 | - 31% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 988 B/. (CHF 995) | CHF 1,871 | - 47% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 587 B/. (CHF 591) | CHF 1,331 | - 56% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 108 B/. (CHF 109) | CHF 159 | - 31% | |
| Internet 8 Mbps (1 month) | 31 B/. (CHF 31) | CHF 43 | - 27% | |
| 40” flat screen TV | 350 B/. (CHF 352) | CHF 558 | - 37% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 95 B/. (CHF 96) | CHF 164 | - 42% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (CHF 9) | CHF 18 | - 46% | |
| Hourly rate for cleaning help | 4.18 B/. (CHF 4.21) | CHF 29 | - 85% | |
| Clothes | - 33% | |||
| Clothes in Panama is 33% cheaper than in Switzerland | ||||
| 1 pair of jeans (Levis 501 or similar) | 67 B/. (CHF 68) | CHF 116 | - 41% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 39 B/. (CHF 39) | CHF 51 | - 24% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 82 B/. (CHF 83) | CHF 133 | - 38% | |
| 1 pair of men’s leather business shoes | 97 B/. (CHF 98) | CHF 188 | - 48% | |
| Transportation | - 49% | |||
| Transportation in Panama is 49% cheaper than in Switzerland | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 20,119 B/. (CHF 20,260) | CHF 27,419 | - 26% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (CHF 0.80) | CHF 1.89 | - 58% | |
| Monthly ticket public transport | 37 B/. (CHF 38) | CHF 89 | - 58% | |
| Personal Care | - 35% | |||
| Personal Care in Panama is 35% cheaper than in Switzerland | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 5.19 B/. (CHF 5.23) | CHF 15 | - 65% | |
| 1 box of antibiotics (12 doses) | 28 B/. (CHF 29) | CHF 31 | - 8% | |
| Short visit to private Doctor (15 minutes) | 41 B/. (CHF 41) | CHF 122 | - 66% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 8 B/. (CHF 8) | CHF 5.99 | + 37% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.51 B/. (CHF 5.55) | CHF 4.72 | + 18% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. (CHF 5.63) | CHF 4.48 | + 26% | |
| 4 rolls of toilet paper | 3.28 B/. (CHF 3.31) | CHF 3.22 | + 3% | |
| Tube of toothpaste | 2.86 B/. (CHF 2.88) | CHF 3.46 | - 17% | |
| Standard men's haircut in expat area of the city | 13 B/. (CHF 13) | CHF 44 | - 71% | |
| Entertainment | - 30% | |||
| Entertainment in Panama is 30% cheaper than in Switzerland | ||||
| Basic dinner out for two in neighborhood pub | 50 B/. (CHF 50) | CHF 75 | - 33% | |
| 2 tickets to the movies | 12 B/. (CHF 12) | CHF 38 | - 68% | |
| 2 tickets to the theater (best available seats) | 104 B/. (CHF 104) | CHF 132 | - 21% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 71 B/. (CHF 72) | CHF 109 | - 34% | |
| 1 cocktail drink in downtown club | 9 B/. (CHF 9) | CHF 17 | - 48% | |
| Cappuccino in expat area of the city | 4.03 B/. (CHF 4.05) | CHF 5.27 | - 23% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.06 B/. (CHF 4.09) | CHF 7 | - 40% | |
| iPad Wi-Fi 128GB | 586 B/. (CHF 590) | CHF 491 | + 20% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | CHF 0.34 | - | |
| 1 month of gym membership in business district | 58 B/. (CHF 58) | CHF 92 | - 37% | |
| 1 package of Marlboro cigarettes | 5.21 B/. (CHF 5.25) | CHF 8 | - 37% | |
| TOTAL | - 44% | |||
These prices were last updated on November 15, 2018.
Exchange rate:
1.007
CHF
/
PAB
This comparison is based on abundant and consistent data. It is based on 3,080 prices entered by 414 different people.
Cost of living in Panama is 44% cheaper than in Switzerland
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