Cost of living comparison

Argentina

compared to

Panama

Panama vs. Argentina Cost of Living Summary

Panama is 14.8% more expensive than Argentina overall.

Restaurants: pay 36.1% less in Panama
Groceries: pay 43.8% more in Panama
Transportation: pay 3.8% less in Panama
Housing: pay 47.5% more in Panama
Childcare: pay 54.1% more in Panama
Entertainment and Sports: pay 1.9% less in Panama
Clothing: pay 43.9% less in Panama

The cost of childcare, housing, and groceries in Panama are more expensive than in Argentina. Expenses including clothing, restaurants, transportation, and entertainment and sports are lower in Panama.

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Panama vs. Argentina Cost Breakdown

If you lived in Panama instead of Argentina, you would:

Display currency: USD

pay 36.1% less for restaurants

	Argentina	Panama
Basic meal with drink at inexpensive restaurant	$14.88 ARS22,583.44	$8.20 PAB8.20	-44.9%
Fast food combo meal McDonalds, or similar	$12.57 ARS19,078.98	$8.90 PAB8.90	-29.2%
Bottle of Coca-Cola (11 fl. oz)	$2.00 ARS3,029.85	$1.41 PAB1.41	-29.5%
Bottle of water (11 fl. oz)	$1.66 ARS2,520.14	$1.30 PAB1.30	-21.4%
Average			-36.1%

Argentina vs. Panama - Cost of restaurants

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pay 43.8% more for groceries

	Argentina	Panama
Bread 1 loaf	$2.14 ARS3,247.75	$2.28 PAB2.28	+6.8%
Local cheese (8 oz)	$5.25 ARS7,961.05	$6.18 PAB6.18	+17.9%
Milk (1 gallon)	$4.93 ARS7,484.57	$7.09 PAB7.09	+43.7%
Eggs 1 dozen	$2.57 ARS3,893.96	$2.56 PAB2.56	-0.3%
Boneless chicken breast (1 lb)	$3.38 ARS5,126.09	$3.42 PAB3.42	+1.3%
Apples (1 lb)	$1.07 ARS1,629.37	$1.86 PAB1.86	+73.0%
Bananas (1 lb)	$0.95 ARS1,434.31	$0.59 PAB0.59	-37.4%
Oranges (1 lb)	$0.62 ARS934.98	$1.76 PAB1.76	+185.7%
Tomatoes (1 lb)	$1.10 ARS1,673.49	$1.67 PAB1.67	+51.7%
Potatoes (1 lb)	$0.46 ARS700.13	$1.09 PAB1.09	+136.8%
Onions (1 lb)	$0.43 ARS645.87	$1.14 PAB1.14	+168.4%
Average			+43.8%

Argentina vs. Panama - Cost of groceries

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pay 3.8% less for transportation

	Argentina	Panama
Gasoline (1 gallon)	$4.55 ARS6,900.45	$4.34 PAB4.34	-4.5%
Monthly public transit pass	$27.12 ARS41,168.97	$23.00 PAB23.00	-15.2%
New Volkswagen Golf 1.4 (standard edition)	$26,569.33 ARS40M	$23,920.67 PAB23,920.67	-10.0%
Taxi trip in downtown area (5 miles)	$10.09 ARS15,310.26	$16.62 PAB16.62	+64.8%
Average			-3.8%

Argentina vs. Panama - Cost of transportation

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pay 47.5% more for housing

	Argentina	Panama
Internet connection 50 mbps or faster, cable/dsl	$25.92 ARS39,335.65	$49.81 PAB49.81	+92.2%
1-Bedroom apartment in downtown area	$568.71 ARS863K	$789.50 PAB789.50	+38.8%
1-Bedroom apartment outside city center	$366.42 ARS556K	$614.84 PAB614.84	+67.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$85.62 ARS130K	$96.53 PAB96.53	+12.7%
Average			+47.5%

Argentina vs. Panama - Cost of housing

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pay 54.1% more for childcare

	Argentina	Panama
Private preschool for 1 child, monthly	$287.55 ARS436K	$543.33 PAB543.33	+89.0%
Middle school for 1 child, two semesters	$5,737.30 ARS9M	$7,213.83 PAB7,213.83	+25.7%
Average			+54.1%

Argentina vs. Panama - Cost of childcare

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pay 1.9% less for entertainment and sports

	Argentina	Panama
Domestic/local beer (1 pint)	$3.92 ARS5,944.74	$2.21 PAB2.21	-43.6%
Cappuccino in mid-range area	$3.46 ARS5,245.73	$3.73 PAB3.73	+7.9%
Pack of cigarettes Marlboro or similar	$3.51 ARS5,321.19	$5.29 PAB5.29	+50.9%
Monthly membership at local gym	$35.09 ARS53,250.53	$50.91 PAB50.91	+45.1%
Movie ticket to theater/cinema	$7.61 ARS11,544.83	$6.13 PAB6.13	-19.4%
Average			-1.9%

Argentina vs. Panama - Cost of entertainment and sports

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pay 43.9% less for clothing

	Argentina	Panama
Regular jeans Levi's brand	$103.07 ARS156K	$45.56 PAB45.56	-55.8%
Regular dress from H&M or similar store	$74.35 ARS113K	$36.71 PAB36.71	-50.6%
Running shoes Nike or Adidas	$118.50 ARS180K	$69.81 PAB69.81	-41.1%
Men's business shoes (leather)	$114.48 ARS174K	$88.33 PAB88.33	-22.8%
Average			-43.9%

Argentina vs. Panama - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

Compare further: Argentina vs. Panama

Salary Calculator · Free tool

What salary would you need in Panama?

Quality of Life Comparison · 20 statistics

Make 32.8% more money in Panama

Size Comparison · See true size

Argentina is about 37 times bigger than Panama.

Moving from Argentina to Panama · UN DESA 2020

3,062 people born in Argentina live in Panama.

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