Cost of living in Panama compared to United Kingdom
Currency:
| Food | - 12% | |||
|---|---|---|---|---|
| Food in Panama is 12% cheaper than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (£11) | £12 | - 11% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (£4.96) | £5.78 | - 14% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.62 B/. (£2.73) | £3.20 | - 15% | |
| 1 liter (1 qt.) of whole fat milk | 1.49 B/. (£1.12) | £0.87 | + 29% | |
| 12 eggs, large | 2.23 B/. (£1.68) | £2.59 | - 35% | |
| 1 kg (2 lb.) of tomatoes | 2.05 B/. (£1.54) | £1.92 | - 20% | |
| 500 gr (16 oz.) of local cheese | 5.32 B/. (£4.01) | £3.46 | + 16% | |
| 1 kg (2 lb.) of apples | 2.33 B/. (£1.76) | £1.87 | - 6% | |
| 1 kg (2 lb.) of potatoes | 2.23 B/. (£1.68) | £1.00 | + 67% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.13 B/. (£0.85) | £1.95 | - 56% | |
| 1 bottle of red table wine, good quality | 12 B/. (£9) | £8 | + 14% | |
| 2 liters of coca-cola | 2.28 B/. (£1.72) | £1.88 | - 9% | |
| Bread for 2 people for 1 day | 1.26 B/. (£0.95) | £0.95 | - 0% | |
| Housing | - 31% | |||
| Housing in Panama is 31% cheaper than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,441 B/. (£1,085) | £1,700 | - 36% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 854 B/. (£643) | £1,249 | - 48% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 95 B/. (£72) | £136 | - 47% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 953 B/. (£718) | £985 | - 27% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 508 B/. (£383) | £721 | - 47% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 68 B/. (£52) | £96 | - 47% | |
| Internet 8 mbps (1 month) | 41 B/. (£31) | £27 | + 14% | |
| 40” flat screen tv | 311 B/. (£234) | £308 | - 24% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 113 B/. (£85) | £77 | + 10% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (£5.29) | £5.90 | - 10% | |
| Hourly rate for cleaning help | 12 B/. (£9) | £12 | - 21% | |
| Clothes | - 18% | |||
| Clothes in Panama is 18% cheaper than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 56 B/. (£42) | £64 | - 35% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 37 B/. (£28) | £32 | - 14% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 92 B/. (£69) | £71 | - 3% | |
| 1 pair of men’s leather business shoes | 86 B/. (£65) | £70 | - 8% | |
| Transportation | - 46% | |||
| Transportation in Panama is 46% cheaper than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 23,123 B/. (£17,420) | £20,770 | - 16% | |
| 1 liter (1/4 gallon) of gas | 0.98 B/. (£0.73) | £1.28 | - 42% | |
| Monthly ticket public transport | 44 B/. (£33) | £77 | - 57% | |
| Personal Care | + 8% | |||
| Personal Care in Panama is 8% more expensive than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 7 B/. (£4.92) | £3.14 | + 57% | |
| 1 box of antibiotics (12 doses) | 22 B/. (£16) | £9 | + 84% | |
| Short visit to private doctor (15 minutes) | 48 B/. (£36) | £83 | - 57% | |
| 1 box of 32 tampons (tampax, ob, ...) | 6 B/. (£4.53) | £2.82 | + 61% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.43 B/. (£2.59) | £1.58 | + 63% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (£5.06) | £3.53 | + 43% | |
| 4 rolls of toilet paper | 3.48 B/. (£2.62) | £1.71 | + 53% | |
| Tube of toothpaste | 3.04 B/. (£2.29) | £1.49 | + 54% | |
| Standard men's haircut in expat area of the city | 16 B/. (£12) | £16 | - 21% | |
| Entertainment | + 8% | |||
| Entertainment in Panama is 8% more expensive than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| Basic dinner out for two in neighborhood pub | 32 B/. (£24) | £33 | - 28% | |
| 2 tickets to the movies | 14 B/. (£11) | £19 | - 43% | |
| 2 tickets to the theater (best available seats) | 64 B/. (£49) | £126 | - 61% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 58 B/. (£44) | £56 | - 21% | |
| 1 cocktail drink in downtown club | 9 B/. (£6) | £10 | - 33% | |
| Cappuccino in expat area of the city | 4.73 B/. (£3.56) | £3.03 | + 18% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.45 B/. (£2.60) | £4.66 | - 44% | |
| Ipad wi-fi 128gb | 1,211 B/. (£912) | £462 | + 98% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.43 B/. (£0.33) | £0.09 | + 255% | |
| 1 month of gym membership in business district | 59 B/. (£44) | £34 | + 30% | |
| 1 package of marlboro cigarettes | 4.00 B/. (£3.02) | £12 | - 74% | |
| TOTAL | - 25% | |||
These prices were last updated on December 03, 2021.
Exchange rate:
0.753
GBP
/
PAB
This comparison is based on abundant and consistent data. It is based on 4,123 prices entered by 656 different people.
Cost of living in Panama is 25% cheaper than in United Kingdom
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