Cost of living in Panama compared to United Kingdom
Currency:
| Food | - 12% | |||
|---|---|---|---|---|
| Food in Panama is 12% cheaper than in United Kingdom | ||||
| Basic lunchtime menu (including a drink) in the business district | 11 B/. (£9) | £11 | - 23% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (£5.34) | £5.81 | - 8% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.89 B/. (£2.21) | £3.32 | - 33% | |
| 1 liter (1 qt.) of whole fat milk | 1.54 B/. (£1.18) | £0.86 | + 37% | |
| 12 eggs, large | 2.71 B/. (£2.08) | £2.41 | - 14% | |
| 1 kg (2 lb.) of tomatoes | 2.50 B/. (£1.91) | £2.07 | - 8% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (£4.87) | £4.05 | + 20% | |
| 1 kg (2 lb.) of apples | 2.74 B/. (£2.10) | £1.89 | + 11% | |
| 1 kg (2 lb.) of potatoes | 2.04 B/. (£1.56) | £0.90 | + 73% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.96 B/. (£0.74) | £1.67 | - 56% | |
| 1 bottle of red table wine, good quality | 10 B/. (£7) | £8 | - 10% | |
| 2 liters of coca-cola | 2.26 B/. (£1.73) | £1.90 | - 9% | |
| Bread for 2 people for 1 day | 1.48 B/. (£1.13) | £0.99 | + 15% | |
| Housing | - 42% | |||
| Housing in Panama is 42% cheaper than in United Kingdom | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,283 B/. (£982) | £2,007 | - 51% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 919 B/. (£703) | £1,232 | - 43% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 117 B/. (£89) | £157 | - 43% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 899 B/. (£688) | £1,260 | - 45% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 620 B/. (£475) | £1,027 | - 54% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 89 B/. (£68) | £95 | - 28% | |
| Internet 8 mbps (1 month) | 38 B/. (£29) | £22 | + 32% | |
| 40” flat screen tv | 426 B/. (£326) | £334 | - 2% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 118 B/. (£90) | £78 | + 16% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (£5.64) | £6 | - 12% | |
| Hourly rate for cleaning help | 4.48 B/. (£3.43) | £12 | - 71% | |
| Clothes | - 29% | |||
| Clothes in Panama is 29% cheaper than in United Kingdom | ||||
| 1 pair of jeans (levis 501 or similar) | 49 B/. (£37) | £69 | - 46% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. (£26) | £32 | - 19% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 68 B/. (£52) | £72 | - 28% | |
| 1 pair of men’s leather business shoes | 75 B/. (£57) | £78 | - 26% | |
| Transportation | - 62% | |||
| Transportation in Panama is 62% cheaper than in United Kingdom | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,787 B/. (£15,153) | £20,099 | - 25% | |
| 1 liter (1/4 gallon) of gas | 0.76 B/. (£0.58) | £1.22 | - 52% | |
| Monthly ticket public transport | 32 B/. (£24) | £95 | - 74% | |
| Personal Care | + 13% | |||
| Personal Care in Panama is 13% more expensive than in United Kingdom | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 10 B/. (£7) | £3.39 | + 119% | |
| 1 box of antibiotics (12 doses) | 26 B/. (£20) | £9 | + 128% | |
| Short visit to private doctor (15 minutes) | 43 B/. (£33) | £81 | - 59% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.94 B/. (£3.79) | £3.33 | + 14% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.57 B/. (£2.73) | £1.57 | + 74% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6 B/. (£4.62) | £3.22 | + 43% | |
| 4 rolls of toilet paper | 2.30 B/. (£1.76) | £1.83 | - 4% | |
| Tube of toothpaste | 2.67 B/. (£2.04) | £1.45 | + 41% | |
| Standard men's haircut in expat area of the city | 18 B/. (£14) | £12 | + 10% | |
| Entertainment | - 18% | |||
| Entertainment in Panama is 18% cheaper than in United Kingdom | ||||
| Basic dinner out for two in neighborhood pub | 33 B/. (£26) | £29 | - 13% | |
| 2 tickets to the movies | 12 B/. (£9) | £20 | - 56% | |
| 2 tickets to the theater (best available seats) | 39 B/. (£30) | £110 | - 73% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 57 B/. (£43) | £57 | - 24% | |
| 1 cocktail drink in downtown club | 10 B/. (£8) | £8 | - 9% | |
| Cappuccino in expat area of the city | 4.47 B/. (£3.43) | £3.11 | + 10% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.05 B/. (£3.10) | £4.65 | - 33% | |
| Ipad wi-fi 128gb | 537 B/. (£411) | £419 | - 2% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.24 B/. (£0.18) | £0.12 | + 46% | |
| 1 month of gym membership in business district | 47 B/. (£36) | £37 | - 2% | |
| 1 package of marlboro cigarettes | 5.55 B/. (£4.25) | £11 | - 62% | |
| TOTAL | - 37% | |||
These prices were last updated on October 28, 2020.
Exchange rate:
0.766
GBP
/
PAB
This comparison is based on abundant and consistent data. It is based on 6,945 prices entered by 1,070 different people.
Cost of living in Panama is 37% cheaper than in United Kingdom
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