Cost of living comparison
Ghana is 41.5% cheaper than Panama.
If you lived in Ghana instead of Panama, you would:
pay 59.6% less for restaurants
Panama
|
Ghana
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$8.30
PAB8.30
|
$3.27
GHS46.53
|
|
Fast food combo meal
McDonalds, or similar
|
$7.60
PAB7.60
|
$5.09
GHS72.40
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.55
PAB1.55
|
$0.55
GHS7.89
|
|
Bottle of water (11 fl. oz) |
$1.16
PAB1.16
|
$0.22
GHS3.17
|
|
pay 26.5% less for groceries
Panama
|
Ghana
|
||
---|---|---|---|
Bread
1 loaf
|
$2.19
PAB2.19
|
$1.53
GHS21.80
|
|
Local cheese (8 oz) |
$5.28
PAB5.28
|
$2.95
GHS42.02
|
|
Milk (1 gallon) |
$6.34
PAB6.34
|
$7.96
GHS113.24
|
|
Eggs
1 dozen
|
$2.42
PAB2.42
|
$2.10
GHS29.86
|
|
Boneless chicken breast (1 lb) |
$3.15
PAB3.15
|
$1.89
GHS26.86
|
|
Apples (1 lb) |
$1.87
PAB1.87
|
$0.90
GHS12.75
|
|
Bananas (1 lb) |
$0.56
PAB0.56
|
$0.45
GHS6.46
|
|
Oranges (1 lb) |
$1.31
PAB1.31
|
$0.53
GHS7.50
|
|
Tomatoes (1 lb) |
$1.32
PAB1.32
|
$0.98
GHS13.88
|
|
Potatoes (1 lb) |
$0.96
PAB0.96
|
$0.88
GHS12.45
|
|
Onions (1 lb) |
$0.95
PAB0.95
|
$0.71
GHS10.17
|
|
pay 18.6% less for transportation
Panama
|
Ghana
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.90
PAB3.90
|
$3.86
GHS54.87
|
|
Monthly public transit pass |
$23.33
PAB23.33
|
$26.48
GHS376.67
|
|
New Volkswagen Golf 1.4 (standard edition) |
$21,000.00
PAB21,000.00
|
$8,310.68
GHS118,220.60
|
|
Taxi trip in downtown area (5 miles) |
$14.78
PAB14.78
|
$10.89
GHS154.94
|
|
pay 44.2% less for housing
Panama
|
Ghana
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$46.90
PAB46.90
|
$41.24
GHS586.71
|
|
1-Bedroom apartment in downtown area |
$697.93
PAB697.93
|
$428.99
GHS6,102.43
|
|
1-Bedroom apartment outside city center |
$496.06
PAB496.06
|
$95.80
GHS1,362.73
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.23
PAB65.23
|
$35.44
GHS504.13
|
|
pay 48.4% less for childcare
Panama
|
Ghana
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$327.08
PAB327.08
|
$59.09
GHS840.62
|
|
Middle school for 1 child, two semesters |
$6,443.94
PAB6,443.94
|
$5,489.48
GHS78,088.64
|
|
pay 36.6% less for entertainment and sports
Panama
|
Ghana
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.85
PAB1.85
|
$0.93
GHS13.19
|
|
Cappuccino in mid-range area |
$3.35
PAB3.35
|
$1.56
GHS22.18
|
|
Pack of cigarettes
Marlboro or similar
|
$6.70
PAB6.70
|
$1.15
GHS16.42
|
|
Monthly membership at local gym |
$58.09
PAB58.09
|
$30.11
GHS428.37
|
|
Movie ticket to theater/cinema |
$5.75
PAB5.75
|
$8.70
GHS123.79
|
|
pay 56.8% less for clothing
Panama
|
Ghana
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$43.92
PAB43.92
|
$15.66
GHS222.73
|
|
Regular dress
from H&M or similar store
|
$40.61
PAB40.61
|
$18.59
GHS264.47
|
|
Running shoes
Nike or Adidas
|
$66.54
PAB66.54
|
$32.46
GHS461.73
|
|
Men's business shoes (leather) |
$78.30
PAB78.30
|
$33.24
GHS472.88
|
|
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