Cost of living comparison
Panama is 30.0% cheaper than Denmark.
If you lived in Panama instead of Denmark, you would:
pay 53.2% less for restaurants
Denmark
|
Panama
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.31
DKK134.51
|
$7.70
PAB7.70
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
DKK83.61
|
$7.45
PAB7.45
|
|
Bottle of Coca-Cola (11 fl. oz) |
$3.60
DKK25.07
|
$1.54
PAB1.54
|
|
Bottle of water (11 fl. oz) |
$2.73
DKK19.02
|
$1.16
PAB1.16
|
|
pay 16.6% less for groceries
Denmark
|
Panama
|
||
---|---|---|---|
Bread
1 loaf
|
$2.59
DKK18.07
|
$1.94
PAB1.94
|
|
Local cheese (8 oz) |
$5.70
DKK39.73
|
$5.35
PAB5.35
|
|
Milk (1 gallon) |
$6.51
DKK45.33
|
$6.06
PAB6.06
|
|
Eggs
1 dozen
|
$4.07
DKK28.32
|
$2.20
PAB2.20
|
|
Boneless chicken breast (1 lb) |
$4.95
DKK34.50
|
$2.67
PAB2.67
|
|
Apples (1 lb) |
$1.31
DKK9.16
|
$1.75
PAB1.75
|
|
Bananas (1 lb) |
$1.38
DKK9.59
|
$0.55
PAB0.55
|
|
Oranges (1 lb) |
$1.40
DKK9.75
|
$1.06
PAB1.06
|
|
Tomatoes (1 lb) |
$1.76
DKK12.29
|
$1.23
PAB1.23
|
|
Potatoes (1 lb) |
$0.84
DKK5.86
|
$0.89
PAB0.89
|
|
Onions (1 lb) |
$0.78
DKK5.43
|
$0.96
PAB0.96
|
|
pay 48.9% less for transportation
Denmark
|
Panama
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.13
DKK56.62
|
$4.07
PAB4.07
|
|
Monthly public transit pass |
$79.32
DKK552.55
|
$27.50
PAB27.50
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,887.40
DKK277,868.24
|
$20,583.33
PAB20,583.33
|
|
Taxi trip in downtown area (5 miles) |
$23.16
DKK161.35
|
$15.79
PAB15.79
|
|
pay 16.9% less for housing
Denmark
|
Panama
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$32.80
DKK228.52
|
$49.92
PAB49.92
|
|
1-Bedroom apartment in downtown area |
$904.62
DKK6,301.85
|
$696.35
PAB696.35
|
|
1-Bedroom apartment outside city center |
$690.34
DKK4,809.10
|
$440.76
PAB440.76
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$160.35
DKK1,117.01
|
$62.88
PAB62.88
|
|
pay 8.9% less for childcare
Denmark
|
Panama
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$419.05
DKK2,919.21
|
$228.54
PAB228.54
|
|
Middle school for 1 child, two semesters |
$4,842.90
DKK33,737.17
|
$6,185.93
PAB6,185.93
|
|
pay 38.5% less for entertainment and sports
Denmark
|
Panama
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$6.81
DKK47.42
|
$1.75
PAB1.75
|
|
Cappuccino in mid-range area |
$5.17
DKK36.00
|
$3.22
PAB3.22
|
|
Pack of cigarettes
Marlboro or similar
|
$8.52
DKK59.36
|
$5.43
PAB5.43
|
|
Monthly membership at local gym |
$36.38
DKK253.42
|
$45.25
PAB45.25
|
|
Movie ticket to theater/cinema |
$15.61
DKK108.78
|
$4.88
PAB4.88
|
|
pay 26.8% less for clothing
Denmark
|
Panama
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$97.12
DKK676.58
|
$48.38
PAB48.38
|
|
Regular dress
from H&M or similar store
|
$42.49
DKK295.98
|
$38.88
PAB38.88
|
|
Running shoes
Nike or Adidas
|
$98.35
DKK685.12
|
$82.05
PAB82.05
|
|
Men's business shoes (leather) |
$137.97
DKK961.17
|
$94.12
PAB94.12
|
|
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