Cost of living comparison
Panama is 54.5% cheaper than Cayman Islands.
If you lived in Panama instead of Cayman Islands, you would:
pay 50.0% less for restaurants
Cayman Islands
|
Panama
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$18.00
KYD15.00
|
$7.70
PAB7.70
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
KYD10.00
|
$7.45
PAB7.45
|
|
Bottle of Coca-Cola (11 fl. oz) |
$3.22
KYD2.69
|
$1.54
PAB1.54
|
|
Bottle of water (11 fl. oz) |
$2.44
KYD2.04
|
$1.16
PAB1.16
|
|
pay 49.7% less for groceries
Cayman Islands
|
Panama
|
||
---|---|---|---|
Bread
1 loaf
|
$4.74
KYD3.95
|
$1.94
PAB1.94
|
|
Local cheese (8 oz) |
$5.32
KYD4.44
|
$5.35
PAB5.35
|
|
Milk (1 gallon) |
$17.47
KYD14.56
|
$6.06
PAB6.06
|
|
Eggs
1 dozen
|
$6.79
KYD5.66
|
$2.20
PAB2.20
|
|
Boneless chicken breast (1 lb) |
$4.08
KYD3.40
|
$2.67
PAB2.67
|
|
Apples (1 lb) |
$3.33
KYD2.78
|
$1.75
PAB1.75
|
|
Bananas (1 lb) |
$1.39
KYD1.16
|
$0.55
PAB0.55
|
|
Oranges (1 lb) |
$2.38
KYD1.98
|
$1.06
PAB1.06
|
|
Tomatoes (1 lb) |
$2.94
KYD2.45
|
$1.23
PAB1.23
|
|
Potatoes (1 lb) |
$1.90
KYD1.58
|
$0.89
PAB0.89
|
|
Onions (1 lb) |
$1.79
KYD1.49
|
$0.96
PAB0.96
|
|
pay 29.8% less for transportation
Cayman Islands
|
Panama
|
||
---|---|---|---|
Gasoline (1 gallon) |
$6.60
KYD5.50
|
$4.07
PAB4.07
|
|
Monthly public transit pass |
$30.00
KYD25.00
|
$27.50
PAB27.50
|
|
New Volkswagen Golf 1.4 (standard edition) |
$35,995.22
KYD30,001.62
|
$20,583.33
PAB20,583.33
|
|
Taxi trip in downtown area (5 miles) | ?? |
$15.79
PAB15.79
|
|
pay 74.1% less for housing
Cayman Islands
|
Panama
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$131.85
KYD109.89
|
$49.92
PAB49.92
|
|
1-Bedroom apartment in downtown area |
$2,969.61
KYD2,475.13
|
$696.35
PAB696.35
|
|
1-Bedroom apartment outside city center |
$2,009.73
KYD1,675.09
|
$440.76
PAB440.76
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$308.06
KYD256.77
|
$62.88
PAB62.88
|
|
pay 71.6% less for childcare
Cayman Islands
|
Panama
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$929.88
KYD775.04
|
$228.54
PAB228.54
|
|
Middle school for 1 child, two semesters |
$19,137.46
KYD15,950.86
|
$6,185.93
PAB6,185.93
|
|
pay 56.4% less for entertainment and sports
Cayman Islands
|
Panama
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$6.30
KYD5.25
|
$1.75
PAB1.75
|
|
Cappuccino in mid-range area |
$5.85
KYD4.88
|
$3.22
PAB3.22
|
|
Pack of cigarettes
Marlboro or similar
|
$12.00
KYD10.00
|
$5.43
PAB5.43
|
|
Monthly membership at local gym |
$72.39
KYD60.34
|
$45.25
PAB45.25
|
|
Movie ticket to theater/cinema |
$18.00
KYD15.00
|
$4.88
PAB4.88
|
|
pay 50.1% less for clothing
Cayman Islands
|
Panama
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$83.99
KYD70.00
|
$48.38
PAB48.38
|
|
Regular dress
from H&M or similar store
|
$106.49
KYD88.75
|
$38.88
PAB38.88
|
|
Running shoes
Nike or Adidas
|
$181.18
KYD151.01
|
$82.05
PAB82.05
|
|
Men's business shoes (leather) |
$155.98
KYD130.01
|
$94.12
PAB94.12
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Panama or Cayman Islands. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.