- Cost of Living
- Panama
- United States
- Comparison
Cost of living in Panama compared to United States
Currency:
| Food | - 26% | |||
|---|---|---|---|---|
| Food in Panama is 26% cheaper than in United States | ||||
| Basic lunchtime menu (including a drink) in the business district | 8 B/. ($8) | $14 | - 44% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 5.84 B/. ($5.84) | $7 | - 22% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.62 B/. ($2.62) | $4.60 | - 43% | |
| 1 liter (1 qt.) of whole fat milk | 1.50 B/. ($1.50) | $0.92 | + 64% | |
| 12 eggs, large | 2.49 B/. ($2.49) | $3.23 | - 23% | |
| 1 kg (2 lb.) of tomatoes | 2.83 B/. ($2.83) | $4.08 | - 31% | |
| 500 gr (16 oz.) of local cheese | 7 B/. ($7) | $6 | + 8% | |
| 1 kg (2 lb.) of apples | 4.43 B/. ($4.43) | $3.40 | + 30% | |
| 1 kg (2 lb.) of potatoes | 1.95 B/. ($1.95) | $1.71 | + 14% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.94 B/. ($0.94) | $2.80 | - 66% | |
| 1 bottle of red table wine, good quality | 10 B/. ($10) | $15 | - 33% | |
| 2 liters of Coca-Cola | 2.23 B/. ($2.23) | $1.95 | + 15% | |
| Bread for 2 people for 1 day | 1.75 B/. ($1.75) | $2.15 | - 19% | |
| Housing | - 33% | |||
| Housing in Panama is 33% cheaper than in United States | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,447 B/. ($1,447) | $2,046 | - 29% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 978 B/. ($978) | $1,585 | - 38% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 164 B/. ($164) | $172 | - 5% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,112 B/. ($1,112) | $1,587 | - 30% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 680 B/. ($680) | $1,109 | - 39% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 123 B/. ($123) | $117 | + 5% | |
| Internet 8 Mbps (1 month) | 33 B/. ($33) | $48 | - 32% | |
| 40” flat screen TV | 329 B/. ($329) | $351 | - 6% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 82 B/. ($82) | $121 | - 32% | |
| Laundry detergent (3 l. ~ 100 oz.) | 13 B/. ($13) | $11 | + 16% | |
| Hourly rate for cleaning help | 4.96 B/. ($4.96) | $22 | - 78% | |
| Clothes | - 16% | |||
| Clothes in Panama is 16% cheaper than in United States | ||||
| 1 pair of jeans (Levis 501 or similar) | 54 B/. ($54) | $47 | + 15% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 34 B/. ($34) | $45 | - 24% | |
| 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) | $119 | - 16% | |
| Transportation | - 43% | |||
| Transportation in Panama is 43% cheaper than in United States | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 18,520 B/. ($18,520) | $22,102 | - 16% | |
| 1 liter (1/4 gallon) of gas | 0.78 B/. ($0.78) | $0.70 | + 10% | |
| Monthly ticket public transport | 34 B/. ($34) | $86 | - 60% | |
| Personal Care | - 27% | |||
| Personal Care in Panama is 27% cheaper than in United States | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 7 B/. ($7) | $7 | - 1% | |
| 1 box of antibiotics (12 doses) | 10 B/. ($10) | $18 | - 45% | |
| Short visit to private Doctor (15 minutes) | 41 B/. ($41) | $109 | - 63% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 7 B/. ($7) | $7 | + 9% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.81 B/. ($5.81) | $3.54 | + 64% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.17 B/. ($5.17) | $4.91 | + 5% | |
| 4 rolls of toilet paper | 3.40 B/. ($3.40) | $3.34 | + 2% | |
| Tube of toothpaste | 3.07 B/. ($3.07) | $1.79 | + 71% | |
| Standard men's haircut in expat area of the city | 12 B/. ($12) | $21 | - 43% | |
| Entertainment | - 16% | |||
| Entertainment in Panama is 16% cheaper than in United States | ||||
| Basic dinner out for two in neighborhood pub | 40 B/. ($40) | $44 | - 10% | |
| 2 tickets to the movies | 12 B/. ($12) | $25 | - 52% | |
| 2 tickets to the theater (best available seats) | 86 B/. ($86) | $168 | - 49% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 66 B/. ($66) | $78 | - 16% | |
| 1 cocktail drink in downtown club | 9 B/. ($9) | $11 | - 25% | |
| Cappuccino in expat area of the city | 4.62 B/. ($4.62) | $4.79 | - 3% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.71 B/. ($3.71) | $5.71 | - 35% | |
| iPad Wi-Fi 128GB | 1,159 B/. ($1,159) | $429 | + 170% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.15 B/. ($0.15) | $0.57 | - 74% | |
| 1 month of gym membership in business district | 61 B/. ($61) | $53 | + 15% | |
| 1 package of Marlboro cigarettes | 5.04 B/. ($5.04) | $8 | - 37% | |
| TOTAL | - 30% | |||
These prices were last updated on April 24, 2018.
Exchange rate:
1.000
USD
/
PAB
This comparison is based on abundant and consistent data. It is based on 91,368 prices entered by 14,423 different people.
Cost of living in Panama is 30% cheaper than in United States
Other Country Comparisons
- Cost of living in Afghanistan is 39% cheaper than in United States
- Cost of living in United Arab Emirates is about the same as in United States
- Cost of living in Andorra is 19% cheaper than in United States
- Cost of living in Armenia is 60% cheaper than in United States
- Cost of living in American Samoa is in United States
- Cost of living in Albania is 52% cheaper than in United States
- Cost of living in Antigua and Barbuda is 35% cheaper than in United States
- Cost of living in Anguilla is 34% cheaper than in United States