Cost of living comparison

compared to

Panama vs. Bolivia Cost of Living Summary

Panama is 77.1% more expensive than Bolivia overall.

Restaurants: pay 77.9% more in Panama
Groceries: pay 89.2% more in Panama
Transportation: pay 31.5% more in Panama
Housing: pay 2.1 times more in Panama
Childcare: pay 2.6 times more in Panama
Entertainment and Sports: pay 43.4% more in Panama
Clothing: pay 27.1% more in Panama

The cost of childcare, housing, groceries, restaurants, entertainment and sports, and transportation in Panama are more expensive than in Bolivia. Notably, childcare, housing, and groceries are significantly more expensive in Panama.

Panama vs. Bolivia Cost Breakdown

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

Display currency: USD

pay 77.9% more for restaurants

	Bolivia	Panama
Basic meal with drink at inexpensive restaurant	$2.82 BOB19.43	$8.35 PAB8.35	+196.1%
Fast food combo meal McDonalds, or similar	$6.76 BOB46.55	$7.75 PAB7.75	+14.7%
Bottle of Coca-Cola (11 fl. oz)	$0.97 BOB6.66	$1.37 PAB1.37	+42.1%
Bottle of water (11 fl. oz)	$0.76 BOB5.25	$1.21 PAB1.21	+58.8%
Average			+77.9%

Bolivia vs. Panama - Cost of restaurants

Improve prices · Change currency (USD)

pay 89.2% more for groceries

	Bolivia	Panama
Bread 1 loaf	$1.31 BOB9.01	$2.21 PAB2.21	+69.3%
Local cheese (8 oz)	$2.43 BOB16.76	$6.02 PAB6.02	+147.6%
Milk (1 gallon)	$3.74 BOB25.74	$6.86 PAB6.86	+83.6%
Eggs 1 dozen	$2.01 BOB13.84	$2.47 PAB2.47	+22.9%
Boneless chicken breast (1 lb)	$1.94 BOB13.35	$3.58 PAB3.58	+84.6%
Apples (1 lb)	$1.01 BOB6.98	$2.13 PAB2.13	+110.8%
Bananas (1 lb)	$0.46 BOB3.16	$0.60 PAB0.60	+30.6%
Oranges (1 lb)	$0.57 BOB3.94	$1.40 PAB1.40	+145.6%
Tomatoes (1 lb)	$0.82 BOB5.68	$1.51 PAB1.51	+82.5%
Potatoes (1 lb)	$0.52 BOB3.61	$0.96 PAB0.96	+82.7%
Onions (1 lb)	$0.45 BOB3.09	$0.99 PAB0.99	+120.9%
Average			+89.2%

Bolivia vs. Panama - Cost of groceries

Improve prices · Change currency (USD)

pay 31.5% more for transportation

	Bolivia	Panama
Gasoline (1 gallon)	$2.41 BOB16.63	$3.87 PAB3.87	+60.2%
Monthly public transit pass	$26.13 BOB180.04	$23.75 PAB23.75	-9.1%
New Volkswagen Golf 1.4 (standard edition)	$20,165.68 BOB138,952.53	$23,416.67 PAB23,416.67	+16.1%
Taxi trip in downtown area (5 miles)	$12.71 BOB87.59	$20.20 PAB20.20	+58.9%
Average			+31.5%

Bolivia vs. Panama - Cost of transportation

Improve prices · Change currency (USD)

pay 2.1 times more for housing

	Bolivia	Panama
Internet connection 50 mbps or faster, cable/dsl	$37.51 BOB258.43	$48.39 PAB48.39	+29.0%
1-Bedroom apartment in downtown area	$379.82 BOB2,617.17	$765.94 PAB765.94	+101.7%
1-Bedroom apartment outside city center	$253.87 BOB1,749.28	$630.77 PAB630.77	+148.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$31.96 BOB220.19	$89.09 PAB89.09	+178.8%
Average			+114.5%

Bolivia vs. Panama - Cost of housing

Improve prices · Change currency (USD)

pay 2.6 times more for childcare

	Bolivia	Panama
Private preschool for 1 child, monthly	$167.87 BOB1,156.70	$363.00 PAB363.00	+116.2%
Middle school for 1 child, two semesters	$3,180.74 BOB21,917.02	$9,411.11 PAB9,411.11	+195.9%
Average			+156.1%

Bolivia vs. Panama - Cost of childcare

Improve prices · Change currency (USD)

pay 43.4% more for entertainment and sports

	Bolivia	Panama
Domestic/local beer (1 pint)	$1.67 BOB11.53	$1.95 PAB1.95	+16.6%
Cappuccino in mid-range area	$2.62 BOB18.03	$3.54 PAB3.54	+35.3%
Pack of cigarettes Marlboro or similar	$2.52 BOB17.34	$5.48 PAB5.48	+117.8%
Monthly membership at local gym	$32.86 BOB226.42	$51.47 PAB51.47	+56.6%
Movie ticket to theater/cinema	$6.59 BOB45.38	$5.97 PAB5.97	-9.4%
Average			+43.4%

Bolivia vs. Panama - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 27.1% more for clothing

	Bolivia	Panama
Regular jeans Levi's brand	$33.19 BOB228.72	$43.33 PAB43.33	+30.5%
Regular dress from H&M or similar store	$45.06 BOB310.46	$34.17 PAB34.17	-24.2%
Running shoes Nike or Adidas	$67.11 BOB462.42	$80.40 PAB80.40	+19.8%
Men's business shoes (leather)	$58.35 BOB402.08	$106.46 PAB106.46	+82.4%
Average			+27.1%

Bolivia vs. Panama - Cost of clothing

Improve prices · Change currency (USD)

The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

More cost comparisons

Bolivia vs.

Canada

Bolivia vs.

China

Bolivia vs.

Germany

Bolivia vs.

Austria

Bolivia vs.

Australia

Bolivia vs.

Italy

Bolivia vs.

France

Bolivia vs.

Iceland

Share this

Compare by city

For example, try comparing the cost of living in Sucre vs. Panama City

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Bolivia

Add prices for Panama

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Panama or Bolivia. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.