Cost of living comparison
South Korea is 26.4% more expensive than Panama.
If you lived in South Korea instead of Panama, you would:
pay 24.2% less for restaurants
Panama
|
South Korea
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$8.30
PAB8.30
|
$6.44
₩8,729
|
|
Fast food combo meal
McDonalds, or similar
|
$7.60
PAB7.60
|
$5.49
₩7,430
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.55
PAB1.55
|
$1.39
₩1,882
|
|
Bottle of water (11 fl. oz) |
$1.16
PAB1.16
|
$0.74
₩998
|
|
pay 47.6% more for groceries
Panama
|
South Korea
|
||
---|---|---|---|
Bread
1 loaf
|
$2.19
PAB2.19
|
$2.87
₩3,886
|
|
Local cheese (8 oz) |
$5.28
PAB5.28
|
$6.02
₩8,152
|
|
Milk (1 gallon) |
$6.34
PAB6.34
|
$7.79
₩10,553
|
|
Eggs
1 dozen
|
$2.42
PAB2.42
|
$3.21
₩4,350
|
|
Boneless chicken breast (1 lb) |
$3.15
PAB3.15
|
$2.83
₩3,834
|
|
Apples (1 lb) |
$1.87
PAB1.87
|
$2.76
₩3,742
|
|
Bananas (1 lb) |
$0.56
PAB0.56
|
$1.39
₩1,882
|
|
Oranges (1 lb) |
$1.31
PAB1.31
|
$2.49
₩3,372
|
|
Tomatoes (1 lb) |
$1.32
PAB1.32
|
$2.03
₩2,750
|
|
Potatoes (1 lb) |
$0.96
PAB0.96
|
$1.69
₩2,288
|
|
Onions (1 lb) |
$0.95
PAB0.95
|
$1.10
₩1,489
|
|
pay 29.0% more for transportation
Panama
|
South Korea
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.90
PAB3.90
|
$4.58
₩6,198
|
|
Monthly public transit pass |
$23.33
PAB23.33
|
$48.21
₩65,301
|
|
New Volkswagen Golf 1.4 (standard edition) |
$21,000.00
PAB21,000.00
|
$27,876.80
₩37,756,063
|
|
Taxi trip in downtown area (5 miles) |
$14.78
PAB14.78
|
$8.80
₩11,918
|
|
pay 7.6% less for housing
Panama
|
South Korea
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$46.90
PAB46.90
|
$20.28
₩27,462
|
|
1-Bedroom apartment in downtown area |
$697.93
PAB697.93
|
$421.68
₩571,118
|
|
1-Bedroom apartment outside city center |
$496.06
PAB496.06
|
$330.55
₩447,700
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.23
PAB65.23
|
$129.93
₩175,971
|
|
pay 2.1 times more for childcare
Panama
|
South Korea
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$327.08
PAB327.08
|
$386.50
₩523,473
|
|
Middle school for 1 child, two semesters |
$6,443.94
PAB6,443.94
|
$18,893.14
₩25,588,679
|
|
pay 13.2% more for entertainment and sports
Panama
|
South Korea
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.85
PAB1.85
|
$2.93
₩3,962
|
|
Cappuccino in mid-range area |
$3.35
PAB3.35
|
$3.45
₩4,676
|
|
Pack of cigarettes
Marlboro or similar
|
$6.70
PAB6.70
|
$3.33
₩4,515
|
|
Monthly membership at local gym |
$58.09
PAB58.09
|
$48.95
₩66,298
|
|
Movie ticket to theater/cinema |
$5.75
PAB5.75
|
$9.82
₩13,306
|
|
pay 21.0% more for clothing
Panama
|
South Korea
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$43.92
PAB43.92
|
$62.63
₩84,831
|
|
Regular dress
from H&M or similar store
|
$40.61
PAB40.61
|
$43.35
₩58,708
|
|
Running shoes
Nike or Adidas
|
$66.54
PAB66.54
|
$72.22
₩97,813
|
|
Men's business shoes (leather) |
$78.30
PAB78.30
|
$98.82
₩133,835
|
|
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