Cost of living comparison

Czech Republic

compared to

Panama

Panama vs. Czech Republic Cost of Living Summary

Panama is 0.5% more expensive than Czech Republic overall.

Restaurants: pay 6.8% less in Panama
Groceries: pay 41.6% more in Panama
Transportation: pay 19.6% less in Panama
Housing: pay 0.6% more in Panama
Childcare: pay 5.7% more in Panama
Entertainment and Sports: pay 12.0% less in Panama
Clothing: pay 24.3% less in Panama

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

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Panama vs. Czech Republic Cost Breakdown

If you lived in Panama instead of Czech Republic, you would:

Display currency: USD

pay 6.8% less for restaurants

	Czech Republic	Panama
Basic meal with drink at inexpensive restaurant	$8.97 CZK194.19	$8.20 PAB8.20	-8.6%
Fast food combo meal McDonalds, or similar	$8.74 CZK189.25	$8.90 PAB8.90	+1.8%
Bottle of Coca-Cola (11 fl. oz)	$1.76 CZK38.15	$1.41 PAB1.41	-20.1%
Bottle of water (11 fl. oz)	$1.50 CZK32.49	$1.30 PAB1.30	-13.1%
Average			-6.8%

Czech Republic vs. Panama - Cost of restaurants

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pay 41.6% more for groceries

	Czech Republic	Panama
Bread 1 loaf	$1.41 CZK30.60	$2.28 PAB2.28	+61.6%
Local cheese (8 oz)	$5.96 CZK129.01	$6.18 PAB6.18	+3.8%
Milk (1 gallon)	$4.08 CZK88.28	$7.09 PAB7.09	+73.7%
Eggs 1 dozen	$3.28 CZK70.91	$2.56 PAB2.56	-21.9%
Boneless chicken breast (1 lb)	$4.06 CZK87.80	$3.42 PAB3.42	-15.7%
Apples (1 lb)	$0.72 CZK15.67	$1.86 PAB1.86	+156.6%
Bananas (1 lb)	$0.74 CZK16.08	$0.59 PAB0.59	-20.4%
Oranges (1 lb)	$0.93 CZK20.13	$1.76 PAB1.76	+89.2%
Tomatoes (1 lb)	$1.50 CZK32.56	$1.67 PAB1.67	+11.2%
Potatoes (1 lb)	$0.49 CZK10.53	$1.09 PAB1.09	+124.6%
Onions (1 lb)	$0.46 CZK9.95	$1.14 PAB1.14	+148.6%
Average			+41.6%

Czech Republic vs. Panama - Cost of groceries

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pay 19.6% less for transportation

	Czech Republic	Panama
Gasoline (1 gallon)	$6.85 CZK148.26	$4.34 PAB4.34	-36.6%
Monthly public transit pass	$24.32 CZK526.34	$23.00 PAB23.00	-5.4%
New Volkswagen Golf 1.4 (standard edition)	$29,756.53 CZK644K	$23,920.67 PAB23,920.67	-19.6%
Taxi trip in downtown area (5 miles)	$13.51 CZK292.43	$16.62 PAB16.62	+23.0%
Average			-19.6%

Czech Republic vs. Panama - Cost of transportation

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pay 0.6% more for housing

	Czech Republic	Panama
Internet connection 50 mbps or faster, cable/dsl	$18.95 CZK410.18	$49.81 PAB49.81	+162.9%
1-Bedroom apartment in downtown area	$691.41 CZK14,965.88	$789.50 PAB789.50	+14.2%
1-Bedroom apartment outside city center	$577.26 CZK12,494.98	$614.84 PAB614.84	+6.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$215.39 CZK4,662.15	$96.53 PAB96.53	-55.2%
Average			+0.6%

Czech Republic vs. Panama - Cost of housing

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pay 5.7% more for childcare

	Czech Republic	Panama
Private preschool for 1 child, monthly	$414.07 CZK8,962.72	$543.33 PAB543.33	+31.2%
Middle school for 1 child, two semesters	$8,470.92 CZK183K	$7,213.83 PAB7,213.83	-14.8%
Average			+5.7%

Czech Republic vs. Panama - Cost of childcare

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pay 12.0% less for entertainment and sports

	Czech Republic	Panama
Domestic/local beer (1 pint)	$2.34 CZK50.68	$2.21 PAB2.21	-5.6%
Cappuccino in mid-range area	$2.98 CZK64.46	$3.73 PAB3.73	+25.2%
Pack of cigarettes Marlboro or similar	$7.20 CZK155.88	$5.29 PAB5.29	-26.5%
Monthly membership at local gym	$52.10 CZK1,127.67	$50.91 PAB50.91	-2.3%
Movie ticket to theater/cinema	$10.10 CZK218.56	$6.13 PAB6.13	-39.3%
Average			-12.0%

Czech Republic vs. Panama - Cost of entertainment and sports

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pay 24.3% less for clothing

	Czech Republic	Panama
Regular jeans Levi's brand	$76.46 CZK1,654.95	$45.56 PAB45.56	-40.4%
Regular dress from H&M or similar store	$35.88 CZK776.66	$36.71 PAB36.71	+2.3%
Running shoes Nike or Adidas	$93.11 CZK2,015.41	$69.81 PAB69.81	-25.0%
Men's business shoes (leather)	$122.95 CZK2,661.32	$88.33 PAB88.33	-28.2%
Average			-24.3%

Czech Republic 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: Czech Republic vs. Panama

Salary Calculator · Free tool

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Quality of Life Comparison · 19 statistics

Be 3.0 times more likely to be unemployed in Panama

Size Comparison · See true size

Czech Republic is around the same size as Panama.

Moving from Czech Republic to Panama · UN DESA 2020

45 people born in Czech Republic live in Panama.

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