Cost of living comparison
compared to
Panama vs. Cyprus Cost of Living Summary
Panama is 16.5% cheaper than Cyprus overall.
Panama vs. Cyprus Cost Breakdown
If you lived in Panama instead of Cyprus, you would:
pay 33.4% less for restaurants
|
Cyprus
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.24
€16.24
|
$8.20
PAB8.20
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.77
€8.70
|
$8.90
PAB8.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.91
€1.70
|
$1.41
PAB1.41
|
|
| Bottle of water (11 fl. oz) |
$1.10
€0.98
|
$1.30
PAB1.30
|
|
Cyprus vs. Panama - Cost of restaurants
pay 13.7% more for groceries
|
Cyprus
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.76
€1.57
|
$2.28
PAB2.28
|
|
| Local cheese (8 oz) |
$5.98
€5.32
|
$6.18
PAB6.18
|
|
| Milk (1 gallon) |
$6.87
€6.12
|
$7.09
PAB7.09
|
|
|
Eggs
1 dozen
|
$4.36
€3.88
|
$2.56
PAB2.56
|
|
| Boneless chicken breast (1 lb) |
$3.80
€3.38
|
$3.42
PAB3.42
|
|
| Apples (1 lb) |
$1.37
€1.22
|
$1.86
PAB1.86
|
|
| Bananas (1 lb) |
$0.92
€0.82
|
$0.59
PAB0.59
|
|
| Oranges (1 lb) |
$0.93
€0.83
|
$1.76
PAB1.76
|
|
| Tomatoes (1 lb) |
$1.44
€1.28
|
$1.67
PAB1.67
|
|
| Potatoes (1 lb) |
$0.72
€0.64
|
$1.09
PAB1.09
|
|
| Onions (1 lb) |
$0.59
€0.53
|
$1.14
PAB1.14
|
|
Cyprus vs. Panama - Cost of groceries
pay 34.6% less for transportation
|
Cyprus
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.50
€5.79
|
$4.34
PAB4.34
|
|
| Monthly public transit pass |
$44.79
€39.86
|
$23.00
PAB23.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,780.29
€27,395.56
|
$23,920.67
PAB23,920.67
|
|
| Taxi trip in downtown area (5 miles) |
$25.09
€22.33
|
$16.62
PAB16.62
|
|
Cyprus vs. Panama - Cost of transportation
pay 15.6% less for housing
|
Cyprus
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$30.69
€27.31
|
$49.81
PAB49.81
|
|
| 1-Bedroom apartment in downtown area |
$887.60
€790.00
|
$789.50
PAB789.50
|
|
| 1-Bedroom apartment outside city center |
$757.49
€674.20
|
$614.84
PAB614.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$147.76
€131.51
|
$96.53
PAB96.53
|
|
Cyprus vs. Panama - Cost of housing
pay 8.6% more for childcare
|
Cyprus
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$456.81
€406.58
|
$543.33
PAB543.33
|
|
| Middle school for 1 child, two semesters |
$7,275.72
€6,475.65
|
$7,213.83
PAB7,213.83
|
|
Cyprus vs. Panama - Cost of childcare
pay 29.2% less for entertainment and sports
|
Cyprus
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.92
€3.49
|
$2.21
PAB2.21
|
|
| Cappuccino in mid-range area |
$3.91
€3.48
|
$3.73
PAB3.73
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.30
€4.71
|
$5.29
PAB5.29
|
|
| Monthly membership at local gym |
$65.20
€58.03
|
$50.91
PAB50.91
|
|
| Movie ticket to theater/cinema |
$11.62
€10.34
|
$6.13
PAB6.13
|
|
Cyprus vs. Panama - Cost of entertainment and sports
pay 23.4% less for clothing
|
Cyprus
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$74.06
€65.91
|
$45.56
PAB45.56
|
|
|
Regular dress
from H&M or similar store
|
$43.72
€38.91
|
$36.71
PAB36.71
|
|
|
Running shoes
Nike or Adidas
|
$90.92
€80.92
|
$69.81
PAB69.81
|
|
| Men's business shoes (leather) |
$101.66
€90.48
|
$88.33
PAB88.33
|
|
Cyprus vs. Panama - Cost of clothing
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
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