- Cost of Living
- Panama
- United Kingdom
- Comparison
Cost of living in Panama compared to United Kingdom
Currency:
| Food | - 0% | |||
|---|---|---|---|---|
| Food in Panama is 0% cheaper than in United Kingdom | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. (£10) | £11 | - 11% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (£5.14) | £5.65 | - 9% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.81 B/. (£3.02) | £3.63 | - 17% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. (£1.28) | £0.86 | + 48% | |
| 12 eggs, large | 2.92 B/. (£2.31) | £2.66 | - 13% | |
| 1 kg (2 lb.) of tomatoes | 3.20 B/. (£2.54) | £1.89 | + 34% | |
| 500 gr (16 oz.) of local cheese | 4.68 B/. (£3.71) | £4.63 | - 20% | |
| 1 kg (2 lb.) of apples | 4.51 B/. (£3.57) | £1.99 | + 80% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (£1.58) | £0.84 | + 90% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.87 B/. (£0.69) | £1.76 | - 61% | |
| 1 bottle of red table wine, good quality | 9 B/. (£7) | £9 | - 20% | |
| 2 liters of Coca-Cola | 2.23 B/. (£1.77) | £1.82 | - 3% | |
| Bread for 2 people for 1 day | 1.62 B/. (£1.29) | £0.91 | + 41% | |
| Housing | - 32% | |||
| Housing in Panama is 32% cheaper than in United Kingdom | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,595 B/. (£1,264) | £1,862 | - 32% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 1,004 B/. (£795) | £1,189 | - 33% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 147 B/. (£116) | £156 | - 26% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 988 B/. (£783) | £1,184 | - 34% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 576 B/. (£456) | £812 | - 44% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 108 B/. (£86) | £136 | - 37% | |
| Internet 8 Mbps (1 month) | 31 B/. (£25) | £22 | + 12% | |
| 40” flat screen TV | 350 B/. (£277) | £337 | - 18% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 95 B/. (£75) | £86 | - 12% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (£7) | £6 | + 15% | |
| Hourly rate for cleaning help | 4.18 B/. (£3.32) | £11 | - 70% | |
| Clothes | - 8% | |||
| Clothes in Panama is 8% cheaper than in United Kingdom | ||||
| 1 pair of jeans (Levis 501 or similar) | 67 B/. (£53) | £65 | - 18% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 39 B/. (£31) | £33 | - 6% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 82 B/. (£65) | £71 | - 8% | |
| 1 pair of men’s leather business shoes | 97 B/. (£77) | £73 | + 6% | |
| Transportation | - 57% | |||
| Transportation in Panama is 57% cheaper than in United Kingdom | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 20,119 B/. (£15,942) | £18,476 | - 14% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (£0.63) | £1.26 | - 49% | |
| Monthly ticket public transport | 36 B/. (£29) | £96 | - 70% | |
| Personal Care | + 20% | |||
| Personal Care in Panama is 20% more expensive than in United Kingdom | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 5.19 B/. (£4.11) | £3.36 | + 22% | |
| 1 box of antibiotics (12 doses) | 28 B/. (£22) | £8 | + 168% | |
| Short visit to private Doctor (15 minutes) | 41 B/. (£32) | £75 | - 57% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 8 B/. (£6) | £3.57 | + 80% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.51 B/. (£4.37) | £1.53 | + 186% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. (£4.43) | £3.21 | + 38% | |
| 4 rolls of toilet paper | 3.28 B/. (£2.60) | £1.81 | + 44% | |
| Tube of toothpaste | 2.86 B/. (£2.27) | £1.56 | + 45% | |
| Standard men's haircut in expat area of the city | 13 B/. (£10) | £13 | - 19% | |
| Entertainment | - 5% | |||
| Entertainment in Panama is 5% cheaper than in United Kingdom | ||||
| Basic dinner out for two in neighborhood pub | 50 B/. (£39) | £31 | + 27% | |
| 2 tickets to the movies | 12 B/. (£9) | £21 | - 55% | |
| 2 tickets to the theater (best available seats) | 104 B/. (£82) | £110 | - 26% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 71 B/. (£56) | £55 | + 2% | |
| 1 cocktail drink in downtown club | 9 B/. (£7) | £9 | - 22% | |
| Cappuccino in expat area of the city | 4.03 B/. (£3.19) | £2.96 | + 8% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.06 B/. (£3.22) | £4.40 | - 27% | |
| iPad Wi-Fi 128GB | 586 B/. (£464) | £400 | + 16% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | £0.15 | - | |
| 1 month of gym membership in business district | 58 B/. (£46) | £44 | + 5% | |
| 1 package of Marlboro cigarettes | 5.30 B/. (£4.20) | £10 | - 59% | |
| TOTAL | - 28% | |||
These prices were last updated on December 18, 2018.
Exchange rate:
0.792
GBP
/
PAB
This comparison is based on abundant and consistent data. It is based on 16,962 prices entered by 2,529 different people.
Cost of living in Panama is 28% cheaper than in United Kingdom
Other Country Comparisons
- Cost of living in Afghanistan is 51% cheaper than in United Kingdom
- Cost of living in Antarctica is in United Kingdom
- Cost of living in United Arab Emirates is about the same as in United Kingdom
- Cost of living in Albania is 55% cheaper than in United Kingdom
- Cost of living in Antigua and Barbuda is 29% cheaper than in United Kingdom
- Cost of living in American Samoa is in United Kingdom
- Cost of living in Andorra is 21% cheaper than in United Kingdom
- Cost of living in Angola is 6% more expensive than in United Kingdom