Cost of living comparison
Mongolia is 19.4% cheaper than Panama.
If you lived in Mongolia instead of Panama, you would:
pay 49.3% less for restaurants
Panama
|
Mongolia
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$8.30
PAB8.30
|
$4.71
MNT16,250.00
|
|
Fast food combo meal
McDonalds, or similar
|
$7.60
PAB7.60
|
$4.35
MNT15,000.00
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.55
PAB1.55
|
$0.75
MNT2,571.88
|
|
Bottle of water (11 fl. oz) |
$1.16
PAB1.16
|
$0.47
MNT1,630.77
|
|
pay 7.4% less for groceries
Panama
|
Mongolia
|
||
---|---|---|---|
Bread
1 loaf
|
$2.19
PAB2.19
|
$0.81
MNT2,783.70
|
|
Local cheese (8 oz) |
$5.28
PAB5.28
|
$6.94
MNT23,928.57
|
|
Milk (1 gallon) |
$6.34
PAB6.34
|
$4.95
MNT17,091.14
|
|
Eggs
1 dozen
|
$2.42
PAB2.42
|
$1.98
MNT6,815.00
|
|
Boneless chicken breast (1 lb) |
$3.15
PAB3.15
|
$1.88
MNT6,501.50
|
|
Apples (1 lb) |
$1.87
PAB1.87
|
$1.51
MNT5,223.12
|
|
Bananas (1 lb) |
$0.56
PAB0.56
|
$1.23
MNT4,243.16
|
|
Oranges (1 lb) |
$1.31
PAB1.31
|
$1.78
MNT6,157.52
|
|
Tomatoes (1 lb) |
$1.32
PAB1.32
|
$1.49
MNT5,134.67
|
|
Potatoes (1 lb) |
$0.96
PAB0.96
|
$0.27
MNT940.64
|
|
Onions (1 lb) |
$0.95
PAB0.95
|
$0.49
MNT1,697.73
|
|
pay 22.8% less for transportation
Panama
|
Mongolia
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.90
PAB3.90
|
$3.78
MNT13,034.44
|
|
Monthly public transit pass |
$23.33
PAB23.33
|
$7.97
MNT27,500.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$21,000.00
PAB21,000.00
|
$29,855.07
MNT103,000,000.00
|
|
Taxi trip in downtown area (5 miles) |
$14.78
PAB14.78
|
$5.22
MNT18,000.00
|
|
pay 33.2% less for housing
Panama
|
Mongolia
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$46.90
PAB46.90
|
$12.17
MNT42,000.00
|
|
1-Bedroom apartment in downtown area |
$697.93
PAB697.93
|
$486.53
MNT1,678,527.03
|
|
1-Bedroom apartment outside city center |
$496.06
PAB496.06
|
$380.95
MNT1,314,285.71
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.23
PAB65.23
|
$61.80
MNT213,218.12
|
|
pay 30.4% less for childcare
Panama
|
Mongolia
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$327.08
PAB327.08
|
$150.72
MNT520,000.00
|
|
Middle school for 1 child, two semesters |
$6,443.94
PAB6,443.94
|
$5,997.58
MNT20,691,666.67
|
|
pay 27.2% less for entertainment and sports
Panama
|
Mongolia
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.85
PAB1.85
|
$1.59
MNT5,500.00
|
|
Cappuccino in mid-range area |
$3.35
PAB3.35
|
$2.39
MNT8,233.33
|
|
Pack of cigarettes
Marlboro or similar
|
$6.70
PAB6.70
|
$1.74
MNT6,000.00
|
|
Monthly membership at local gym |
$58.09
PAB58.09
|
$59.58
MNT205,555.56
|
|
Movie ticket to theater/cinema |
$5.75
PAB5.75
|
$4.49
MNT15,500.00
|
|
pay 34.5% more for clothing
Panama
|
Mongolia
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$43.92
PAB43.92
|
$60.87
MNT210,000.00
|
|
Regular dress
from H&M or similar store
|
$40.61
PAB40.61
|
$43.66
MNT150,624.88
|
|
Running shoes
Nike or Adidas
|
$66.54
PAB66.54
|
$85.14
MNT293,750.00
|
|
Men's business shoes (leather) |
$78.30
PAB78.30
|
$128.36
MNT442,857.14
|
|
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