- Cost of Living
- Panama
- United States
- Comparison
Cost of living in Panama compared to United States
Currency:
| Food | - 30% | |||
|---|---|---|---|---|
| Food in Panama is 30% cheaper than in United States | ||||
| Basic lunchtime menu (including a drink) in the business district | 9 B/. ($9) | $14 | - 36% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. ($6) | $8 | - 19% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.50 B/. ($2.50) | $4.61 | - 46% | |
| 1 liter (1 qt.) of whole fat milk | 1.57 B/. ($1.57) | $0.90 | + 74% | |
| 12 eggs, large | 2.54 B/. ($2.54) | $3.22 | - 21% | |
| 1 kg (2 lb.) of tomatoes | 2.83 B/. ($2.83) | $4.03 | - 30% | |
| 500 gr (16 oz.) of local cheese | 8 B/. ($8) | $6 | + 20% | |
| 1 kg (2 lb.) of apples | 3.23 B/. ($3.23) | $3.42 | - 5% | |
| 1 kg (2 lb.) of potatoes | 1.45 B/. ($1.45) | $1.65 | - 12% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.88 B/. ($0.88) | $3.03 | - 71% | |
| 1 bottle of red table wine, good quality | 10 B/. ($10) | $15 | - 35% | |
| 2 liters of Coca-Cola | 2.13 B/. ($2.13) | $1.93 | + 10% | |
| Bread for 2 people for 1 day | 1.49 B/. ($1.49) | $2.16 | - 31% | |
| Housing | - 32% | |||
| Housing in Panama is 32% cheaper than in United States | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,538 B/. ($1,538) | $2,023 | - 24% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 939 B/. ($939) | $1,559 | - 40% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 164 B/. ($164) | $176 | - 7% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,109 B/. ($1,109) | $1,567 | - 29% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 681 B/. ($681) | $1,107 | - 39% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 123 B/. ($123) | $120 | + 2% | |
| Internet 8 Mbps (1 month) | 32 B/. ($32) | $48 | - 33% | |
| 40” flat screen TV | 341 B/. ($341) | $338 | + 1% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 79 B/. ($79) | $121 | - 35% | |
| Laundry detergent (3 l. ~ 100 oz.) | 13 B/. ($13) | $11 | + 17% | |
| Hourly rate for cleaning help | 4.04 B/. ($4.04) | $23 | - 82% | |
| Clothes | - 13% | |||
| Clothes in Panama is 13% cheaper than in United States | ||||
| 1 pair of jeans (Levis 501 or similar) | 55 B/. ($55) | $47 | + 15% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 36 B/. ($36) | $44 | - 19% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 77 B/. ($77) | $85 | - 10% | |
| 1 pair of men’s leather business shoes | 100 B/. ($100) | $116 | - 14% | |
| Transportation | - 45% | |||
| Transportation in Panama is 45% cheaper than in United States | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 18,721 B/. ($18,721) | $22,088 | - 15% | |
| 1 liter (1/4 gallon) of gas | 0.78 B/. ($0.78) | $0.73 | + 6% | |
| Monthly ticket public transport | 33 B/. ($33) | $86 | - 61% | |
| Personal Care | - 7% | |||
| Personal Care in Panama is 7% cheaper than in United States | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 10 B/. ($10) | $7 | + 42% | |
| 1 box of antibiotics (12 doses) | 38 B/. ($38) | $18 | + 110% | |
| Short visit to private Doctor (15 minutes) | 42 B/. ($42) | $111 | - 62% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 7 B/. ($7) | $7 | + 6% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.69 B/. ($5.69) | $3.53 | + 61% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.17 B/. ($5.17) | $5.07 | + 2% | |
| 4 rolls of toilet paper | 3.40 B/. ($3.40) | $3.41 | - 0% | |
| Tube of toothpaste | 2.52 B/. ($2.52) | $1.85 | + 36% | |
| Standard men's haircut in expat area of the city | 12 B/. ($12) | $21 | - 44% | |
| Entertainment | - 15% | |||
| Entertainment in Panama is 15% cheaper than in United States | ||||
| Basic dinner out for two in neighborhood pub | 44 B/. ($44) | $44 | - 2% | |
| 2 tickets to the movies | 11 B/. ($11) | $25 | - 56% | |
| 2 tickets to the theater (best available seats) | 86 B/. ($86) | $169 | - 49% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 73 B/. ($73) | $79 | - 7% | |
| 1 cocktail drink in downtown club | 9 B/. ($9) | $12 | - 23% | |
| Cappuccino in expat area of the city | 4.42 B/. ($4.42) | $4.82 | - 8% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.09 B/. ($4.09) | $5.75 | - 29% | |
| iPad Wi-Fi 128GB | 614 B/. ($614) | $429 | + 43% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.15 B/. ($0.15) | $0.27 | - 45% | |
| 1 month of gym membership in business district | 62 B/. ($62) | $53 | + 16% | |
| 1 package of Marlboro cigarettes | 5.04 B/. ($5.04) | $8 | - 37% | |
| TOTAL | - 29% | |||
These prices were last updated on July 22, 2018.
Exchange rate:
1.000
USD
/
PAB
This comparison is based on abundant and consistent data. It is based on 94,600 prices entered by 14,611 different people.
Cost of living in Panama is 29% cheaper than in United States
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