- Cost of Living
- Panama
- United States
- Comparison
Cost of living in Panama compared to United States
Currency:
| Food | - 22% | |||
|---|---|---|---|---|
| Food in Panama is 22% cheaper than in United States | ||||
| Basic lunchtime menu (including a drink) in the business district | 11 B/. ($11) | $14 | - 24% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. ($6) | $8 | - 17% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.57 B/. ($3.56) | $4.56 | - 22% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. ($1.61) | $0.90 | + 80% | |
| 12 eggs, large | 2.58 B/. ($2.57) | $3.19 | - 19% | |
| 1 kg (2 lb.) of tomatoes | 2.81 B/. ($2.80) | $3.99 | - 30% | |
| 500 gr (16 oz.) of local cheese | 4.68 B/. ($4.67) | $6 | - 25% | |
| 1 kg (2 lb.) of apples | 4.51 B/. ($4.50) | $3.36 | + 34% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. ($1.99) | $1.61 | + 24% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.94 B/. ($0.94) | $3.21 | - 71% | |
| 1 bottle of red table wine, good quality | 9 B/. ($9) | $15 | - 39% | |
| 2 liters of Coca-Cola | 2.23 B/. ($2.23) | $1.93 | + 15% | |
| 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 | 1,627 B/. ($1,623) | $2,030 | - 20% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 961 B/. ($959) | $1,559 | - 38% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 122 B/. ($122) | $177 | - 31% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 985 B/. ($983) | $1,568 | - 37% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 585 B/. ($583) | $1,115 | - 48% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 108 B/. ($108) | $122 | - 12% | |
| Internet 8 Mbps (1 month) | 31 B/. ($31) | $48 | - 35% | |
| 40” flat screen TV | 327 B/. ($326) | $335 | - 3% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 95 B/. ($95) | $120 | - 21% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. ($9) | $11 | - 14% | |
| Hourly rate for cleaning help | 4.02 B/. ($4.01) | $23 | - 82% | |
| Clothes | - 7% | |||
| Clothes in Panama is 7% cheaper than in United States | ||||
| 1 pair of jeans (Levis 501 or similar) | 58 B/. ($58) | $47 | + 22% | |
| 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 | 102 B/. ($102) | $115 | - 11% | |
| Transportation | - 42% | |||
| Transportation in Panama is 42% cheaper than in United States | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 20,119 B/. ($20,068) | $22,215 | - 10% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. ($0.79) | $0.76 | + 5% | |
| Monthly ticket public transport | 34 B/. ($34) | $85 | - 60% | |
| Personal Care | - 15% | |||
| Personal Care in Panama is 15% cheaper than in United States | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 5.19 B/. ($5.18) | $7 | - 27% | |
| 1 box of antibiotics (12 doses) | 33 B/. ($33) | $19 | + 73% | |
| Short visit to private Doctor (15 minutes) | 41 B/. ($41) | $113 | - 64% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 8 B/. ($8) | $7 | + 19% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.64 B/. ($5.63) | $3.49 | + 61% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. ($5.57) | $5.05 | + 10% | |
| 4 rolls of toilet paper | 3.17 B/. ($3.16) | $3.40 | - 7% | |
| Tube of toothpaste | 2.86 B/. ($2.86) | $1.85 | + 54% | |
| Standard men's haircut in expat area of the city | 12 B/. ($12) | $21 | - 41% | |
| Entertainment | - 9% | |||
| Entertainment in Panama is 9% cheaper than in United States | ||||
| Basic dinner out for two in neighborhood pub | 46 B/. ($46) | $44 | + 3% | |
| 2 tickets to the movies | 12 B/. ($12) | $25 | - 52% | |
| 2 tickets to the theater (best available seats) | 104 B/. ($103) | $171 | - 40% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 67 B/. ($67) | $79 | - 15% | |
| 1 cocktail drink in downtown club | 9 B/. ($9) | $11 | - 24% | |
| Cappuccino in expat area of the city | 3.67 B/. ($3.66) | $4.84 | - 24% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.23 B/. ($4.22) | $5.83 | - 28% | |
| iPad Wi-Fi 128GB | 583 B/. ($582) | $429 | + 36% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | $0.32 | - | |
| 1 month of gym membership in business district | 60 B/. ($60) | $53 | + 13% | |
| 1 package of Marlboro cigarettes | 5.21 B/. ($5.20) | $8 | - 34% | |
| TOTAL | - 28% | |||
These prices were last updated on October 15, 2018.
Exchange rate:
0.997
USD
/
PAB
This comparison is based on abundant and consistent data. It is based on 93,251 prices entered by 14,061 different people.
Cost of living in Panama is 28% cheaper than in United States
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