Cost of living comparison
Latvia is 22.5% more expensive than Panama.
If you lived in Latvia instead of Panama, you would:
pay 3.3% more for restaurants
Panama
|
Latvia
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$8.30
PAB8.30
|
$10.57
€9.71
|
|
Fast food combo meal
McDonalds, or similar
|
$7.60
PAB7.60
|
$7.05
€6.48
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.55
PAB1.55
|
$1.45
€1.33
|
|
Bottle of water (11 fl. oz) |
$1.16
PAB1.16
|
$1.16
€1.06
|
|
pay 22.7% less for groceries
Panama
|
Latvia
|
||
---|---|---|---|
Bread
1 loaf
|
$2.19
PAB2.19
|
$1.24
€1.14
|
|
Local cheese (8 oz) |
$5.28
PAB5.28
|
$5.22
€4.80
|
|
Milk (1 gallon) |
$6.34
PAB6.34
|
$4.56
€4.19
|
|
Eggs
1 dozen
|
$2.42
PAB2.42
|
$2.64
€2.43
|
|
Boneless chicken breast (1 lb) |
$3.15
PAB3.15
|
$2.99
€2.75
|
|
Apples (1 lb) |
$1.87
PAB1.87
|
$0.59
€0.55
|
|
Bananas (1 lb) |
$0.56
PAB0.56
|
$0.75
€0.69
|
|
Oranges (1 lb) |
$1.31
PAB1.31
|
$0.99
€0.91
|
|
Tomatoes (1 lb) |
$1.32
PAB1.32
|
$1.32
€1.22
|
|
Potatoes (1 lb) |
$0.96
PAB0.96
|
$0.36
€0.33
|
|
Onions (1 lb) |
$0.95
PAB0.95
|
$0.38
€0.35
|
|
pay 38.3% more for transportation
Panama
|
Latvia
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.90
PAB3.90
|
$6.88
€6.32
|
|
Monthly public transit pass |
$23.33
PAB23.33
|
$45.63
€41.94
|
|
New Volkswagen Golf 1.4 (standard edition) |
$21,000.00
PAB21,000.00
|
$24,770.47
€22,767.78
|
|
Taxi trip in downtown area (5 miles) |
$14.78
PAB14.78
|
$9.34
€8.59
|
|
pay 6.0% more for housing
Panama
|
Latvia
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$46.90
PAB46.90
|
$16.24
€14.93
|
|
1-Bedroom apartment in downtown area |
$697.93
PAB697.93
|
$353.00
€324.46
|
|
1-Bedroom apartment outside city center |
$496.06
PAB496.06
|
$271.19
€249.27
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.23
PAB65.23
|
$185.26
€170.28
|
|
pay 61.9% more for childcare
Panama
|
Latvia
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$327.08
PAB327.08
|
$388.30
€356.91
|
|
Middle school for 1 child, two semesters |
$6,443.94
PAB6,443.94
|
$13,208.99
€12,141.04
|
|
pay 27.8% more for entertainment and sports
Panama
|
Latvia
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.85
PAB1.85
|
$4.17
€3.84
|
|
Cappuccino in mid-range area |
$3.35
PAB3.35
|
$2.88
€2.65
|
|
Pack of cigarettes
Marlboro or similar
|
$6.70
PAB6.70
|
$5.02
€4.62
|
|
Monthly membership at local gym |
$58.09
PAB58.09
|
$45.72
€42.03
|
|
Movie ticket to theater/cinema |
$5.75
PAB5.75
|
$9.97
€9.16
|
|
pay 42.7% more for clothing
Panama
|
Latvia
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$43.92
PAB43.92
|
$78.71
€72.34
|
|
Regular dress
from H&M or similar store
|
$40.61
PAB40.61
|
$43.65
€40.12
|
|
Running shoes
Nike or Adidas
|
$66.54
PAB66.54
|
$84.70
€77.85
|
|
Men's business shoes (leather) |
$78.30
PAB78.30
|
$122.77
€112.84
|
|
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