Cost of living in Panama compared to United Kingdom
Currency:
| Food | + 1% | |||
|---|---|---|---|---|
| Food in Panama is about the same as in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (£12) | £13 | - 11% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (£6) | £6 | + 3% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.91 B/. (£3.24) | £3.53 | - 8% | |
| 1 liter (1 qt.) of whole fat milk | 1.63 B/. (£1.35) | £0.94 | + 44% | |
| 12 eggs, large | 2.85 B/. (£2.36) | £2.98 | - 21% | |
| 1 kg (2 lb.) of tomatoes | 2.07 B/. (£1.71) | £2.09 | - 18% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (£5.96) | £4.33 | + 38% | |
| 1 kg (2 lb.) of apples | 2.55 B/. (£2.11) | £2.06 | + 3% | |
| 1 kg (2 lb.) of potatoes | 1.96 B/. (£1.63) | £0.79 | + 105% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.51 B/. (£1.25) | £1.75 | - 28% | |
| 1 bottle of red table wine, good quality | 13 B/. (£11) | £8 | + 31% | |
| 2 liters of coca-cola | 2.44 B/. (£2.02) | £2.05 | - 1% | |
| Bread for 2 people for 1 day | 1.61 B/. (£1.34) | £0.92 | + 45% | |
| Housing | - 37% | |||
| Housing in Panama is 37% cheaper than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,273 B/. (£1,054) | £2,077 | - 49% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 852 B/. (£706) | £1,516 | - 53% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 127 B/. (£105) | £195 | - 46% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 908 B/. (£751) | £1,268 | - 41% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 556 B/. (£460) | £1,039 | - 56% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. (£65) | £126 | - 49% | |
| Internet 8 mbps (1 month) | 46 B/. (£38) | £25 | + 56% | |
| 40” flat screen tv | 340 B/. (£281) | £278 | + 1% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 106 B/. (£88) | £85 | + 4% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (£7) | £6 | + 15% | |
| Hourly rate for cleaning help | 15 B/. (£13) | £13 | - 5% | |
| Clothes | - 28% | |||
| Clothes in Panama is 28% cheaper than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (£40) | £66 | - 40% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 26 B/. (£22) | £32 | - 31% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 79 B/. (£65) | £74 | - 12% | |
| 1 pair of men’s leather business shoes | 83 B/. (£69) | £72 | - 4% | |
| Transportation | - 52% | |||
| Transportation in Panama is 52% cheaper than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,433 B/. (£18,574) | £23,492 | - 21% | |
| 1 liter (1/4 gallon) of gas | 1.29 B/. (£1.07) | £1.70 | - 37% | |
| Monthly ticket public transport | 42 B/. (£34) | £97 | - 65% | |
| Personal Care | + 54% | |||
| Personal Care in Panama is 54% more expensive than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (£7) | £3.65 | + 90% | |
| 1 box of antibiotics (12 doses) | 32 B/. (£27) | £10 | + 174% | |
| Short visit to private doctor (15 minutes) | 62 B/. (£51) | £81 | - 37% | |
| 1 box of 32 tampons (tampax, ob, ...) | 9 B/. (£7) | £2.65 | + 177% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.05 B/. (£4.19) | £1.71 | + 144% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (£5.76) | £3.56 | + 62% | |
| 4 rolls of toilet paper | 3.79 B/. (£3.14) | £2.10 | + 49% | |
| Tube of toothpaste | 3.38 B/. (£2.80) | £1.56 | + 79% | |
| Standard men's haircut in expat area of the city | 19 B/. (£16) | £15 | + 7% | |
| Entertainment | - 20% | |||
| Entertainment in Panama is 20% cheaper than in United Kingdom | ||||
| Panama | United Kingdom | Diff | ||
| Basic dinner out for two in neighborhood pub | 29 B/. (£24) | £34 | - 30% | |
| 2 tickets to the movies | 13 B/. (£10) | £21 | - 51% | |
| 2 tickets to the theater (best available seats) | 55 B/. (£46) | £115 | - 60% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 47 B/. (£39) | £61 | - 35% | |
| 1 cocktail drink in downtown club | 8 B/. (£7) | £9 | - 25% | |
| Cappuccino in expat area of the city | 5.69 B/. (£4.71) | £3.23 | + 46% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. (£2.27) | £5.15 | - 56% | |
| Ipad wi-fi 128gb | 651 B/. (£539) | £473 | + 14% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.22 B/. (£0.18) | £0.13 | + 42% | |
| 1 month of gym membership in business district | 47 B/. (£39) | £38 | + 3% | |
| 1 package of marlboro cigarettes | 5.66 B/. (£4.68) | £13 | - 63% | |
| TOTAL | - 31% | |||
These prices were last updated on February 07, 2023.
Exchange rate:
0.828
GBP
/
PAB
This comparison is based on abundant and consistent data. It is based on 5,633 prices entered by 795 different people.
Cost of living in Panama is 31% cheaper than in United Kingdom
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