Cost of living comparison
Panama City is 53.8% cheaper than Monaco.
If you lived in Panama City instead of Monaco, you would:
pay 56.1% less for restaurants
Monaco
|
Panama City
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$25.99
€23.89
|
$12.00
PAB12.00
|
|
Fast food combo meal
McDonalds, or similar
|
$10.83
€9.95
|
$8.25
PAB8.25
|
|
Bottle of Coca-Cola (11 fl. oz) |
$5.09
€4.68
|
$1.76
PAB1.76
|
|
Bottle of water (11 fl. oz) |
$7.15
€6.58
|
$1.33
PAB1.33
|
|
pay 21.2% less for groceries
Monaco
|
Panama City
|
||
---|---|---|---|
Bread
1 loaf
|
$5.23
€4.81
|
$2.40
PAB2.40
|
|
Local cheese (8 oz) |
$8.12
€7.47
|
$5.44
PAB5.44
|
|
Milk (1 gallon) |
$7.17
€6.59
|
$6.66
PAB6.66
|
|
Eggs
1 dozen
|
$3.60
€3.30
|
$2.54
PAB2.54
|
|
Boneless chicken breast (1 lb) |
$4.81
€4.42
|
$3.39
PAB3.39
|
|
Apples (1 lb) |
$1.15
€1.05
|
$1.40
PAB1.40
|
|
Bananas (1 lb) |
$1.23
€1.13
|
$0.62
PAB0.62
|
|
Oranges (1 lb) |
$1.23
€1.13
|
$1.30
PAB1.30
|
|
Tomatoes (1 lb) |
$1.82
€1.67
|
$1.41
PAB1.41
|
|
Potatoes (1 lb) |
$0.96
€0.88
|
$0.94
PAB0.94
|
|
Onions (1 lb) |
$1.47
€1.35
|
$0.97
PAB0.97
|
|
pay 34.2% less for transportation
Monaco
|
Panama City
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.64
€7.94
|
$3.69
PAB3.69
|
|
Monthly public transit pass |
$23.83
€21.90
|
$25.00
PAB25.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$46,760.68
€42,980.08
|
$22,250.00
PAB22,250.00
|
|
Taxi trip in downtown area (5 miles) |
$20.58
€18.91
|
$14.00
PAB14.00
|
|
pay 64.8% less for housing
Monaco
|
Panama City
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$61.73
€56.74
|
$51.82
PAB51.82
|
|
1-Bedroom apartment in downtown area |
$8,169.63
€7,509.12
|
$925.91
PAB925.91
|
|
1-Bedroom apartment outside city center |
$6,497.92
€5,972.57
|
$598.61
PAB598.61
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$237.50
€218.30
|
$86.14
PAB86.14
|
|
pay 79.2% less for childcare
Monaco
|
Panama City
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$2,111.82
€1,941.08
|
$408.12
PAB408.12
|
|
Middle school for 1 child, two semesters |
$43,184.11
€39,692.68
|
$9,675.75
PAB9,675.75
|
|
pay 59.9% less for entertainment and sports
Monaco
|
Panama City
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.12
€7.47
|
$2.50
PAB2.50
|
|
Cappuccino in mid-range area |
$5.67
€5.21
|
$3.70
PAB3.70
|
|
Pack of cigarettes
Marlboro or similar
|
$13.54
€12.44
|
$5.75
PAB5.75
|
|
Monthly membership at local gym |
$521.19
€479.05
|
$40.93
PAB40.93
|
|
Movie ticket to theater/cinema |
$13.00
€11.95
|
$7.00
PAB7.00
|
|
pay 61.4% less for clothing
Monaco
|
Panama City
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$162.81
€149.65
|
$53.94
PAB53.94
|
|
Regular dress
from H&M or similar store
|
$65.34
€60.06
|
$40.79
PAB40.79
|
|
Running shoes
Nike or Adidas
|
$187.00
€171.88
|
$82.58
PAB82.58
|
|
Men's business shoes (leather) |
$632.46
€581.33
|
$92.86
PAB92.86
|
|
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