- Cost of Living
- Panama
- United States
- Comparison
Cost of living in Panama compared to United States
Currency:
| Food | - 18% | |||
|---|---|---|---|---|
| Food in Panama is 18% cheaper than in United States | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. ($12) | $14 | - 14% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. ($6) | $8 | - 15% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.81 B/. ($3.81) | $4.54 | - 16% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. ($1.62) | $0.89 | + 81% | |
| 12 eggs, large | 2.92 B/. ($2.92) | $3.18 | - 8% | |
| 1 kg (2 lb.) of tomatoes | 3.20 B/. ($3.20) | $4.00 | - 20% | |
| 500 gr (16 oz.) of local cheese | 4.68 B/. ($4.68) | $6 | - 26% | |
| 1 kg (2 lb.) of apples | 4.51 B/. ($4.51) | $3.34 | + 35% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. ($2.00) | $1.60 | + 25% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.87 B/. ($0.87) | $3.47 | - 75% | |
| 1 bottle of red table wine, good quality | 9 B/. ($9) | $15 | - 41% | |
| 2 liters of Coca-Cola | 2.23 B/. ($2.23) | $1.91 | + 17% | |
| Bread for 2 people for 1 day | 1.62 B/. ($1.62) | $2.13 | - 24% | |
| Housing | - 35% | |||
| Housing in Panama is 35% cheaper than in United States | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,595 B/. ($1,595) | $2,045 | - 22% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 1,004 B/. ($1,004) | $1,578 | - 36% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 147 B/. ($147) | $177 | - 17% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 988 B/. ($988) | $1,585 | - 38% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 576 B/. ($576) | $1,128 | - 49% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 108 B/. ($108) | $121 | - 10% | |
| Internet 8 Mbps (1 month) | 31 B/. ($31) | $48 | - 35% | |
| 40” flat screen TV | 350 B/. ($350) | $334 | + 5% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 95 B/. ($95) | $119 | - 20% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. ($9) | $11 | - 14% | |
| Hourly rate for cleaning help | 4.18 B/. ($4.18) | $23 | - 81% | |
| Clothes | - 4% | |||
| Clothes in Panama is 4% cheaper than in United States | ||||
| 1 pair of jeans (Levis 501 or similar) | 67 B/. ($67) | $47 | + 43% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 39 B/. ($39) | $45 | - 13% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 82 B/. ($82) | $85 | - 3% | |
| 1 pair of men’s leather business shoes | 97 B/. ($97) | $114 | - 15% | |
| Transportation | - 41% | |||
| Transportation in Panama is 41% cheaper than in United States | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 20,119 B/. ($20,119) | $22,326 | - 10% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. ($0.80) | $0.77 | + 4% | |
| Monthly ticket public transport | 36 B/. ($36) | $85 | - 57% | |
| Personal Care | - 13% | |||
| Personal Care in Panama is 13% cheaper than in United States | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 5.19 B/. ($5.19) | $7 | - 26% | |
| 1 box of antibiotics (12 doses) | 28 B/. ($28) | $18 | + 54% | |
| Short visit to private Doctor (15 minutes) | 41 B/. ($41) | $111 | - 63% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 8 B/. ($8) | $7 | + 20% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.51 B/. ($5.51) | $3.50 | + 57% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. ($5.59) | $5.14 | + 9% | |
| 4 rolls of toilet paper | 3.28 B/. ($3.28) | $3.48 | - 6% | |
| Tube of toothpaste | 2.86 B/. ($2.86) | $1.85 | + 54% | |
| Standard men's haircut in expat area of the city | 13 B/. ($13) | $20 | - 37% | |
| Entertainment | - 6% | |||
| Entertainment in Panama is 6% cheaper than in United States | ||||
| Basic dinner out for two in neighborhood pub | 50 B/. ($50) | $45 | + 11% | |
| 2 tickets to the movies | 12 B/. ($12) | $25 | - 52% | |
| 2 tickets to the theater (best available seats) | 104 B/. ($104) | $173 | - 40% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 71 B/. ($71) | $79 | - 10% | |
| 1 cocktail drink in downtown club | 9 B/. ($9) | $12 | - 23% | |
| Cappuccino in expat area of the city | 4.03 B/. ($4.03) | $4.86 | - 17% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.06 B/. ($4.06) | $5.89 | - 31% | |
| iPad Wi-Fi 128GB | 586 B/. ($586) | $426 | + 37% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | $0.34 | - | |
| 1 month of gym membership in business district | 58 B/. ($58) | $54 | + 8% | |
| 1 package of Marlboro cigarettes | 5.30 B/. ($5.30) | $8 | - 33% | |
| TOTAL | - 26% | |||
These prices were last updated on December 19, 2018.
Exchange rate:
1.000
USD
/
PAB
This comparison is based on abundant and consistent data. It is based on 92,438 prices entered by 13,282 different people.
Cost of living in Panama is 26% cheaper than in United States
Other Country Comparisons
- Cost of living in Afghanistan is 51% cheaper than in United States
- Cost of living in Anguilla is 36% cheaper than in United States
- Cost of living in Netherlands Antilles is 40% more expensive than in United States
- Cost of living in Angola is 7% more expensive than in United States
- Cost of living in American Samoa is in United States
- Cost of living in United Arab Emirates is 4% more expensive than in United States
- Cost of living in Antarctica is in United States
- Cost of living in Argentina is 62% cheaper than in United States