Cost of living comparison
Panama is 26.2% cheaper than Germany.
If you lived in Panama instead of Germany, you would:
pay 40.8% less for restaurants
|
Germany
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.72
€12.28
|
$8.30
PAB8.30
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.18
€9.11
|
$7.60
PAB7.60
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.83
€2.53
|
$1.55
PAB1.55
|
|
| Bottle of water (11 fl. oz) |
$2.48
€2.22
|
$1.16
PAB1.16
|
|
pay 5.3% more for groceries
|
Germany
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.11
€1.89
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$6.75
€6.04
|
$5.28
PAB5.28
|
|
| Milk (1 gallon) |
$4.24
€3.80
|
$6.34
PAB6.34
|
|
|
Eggs
1 dozen
|
$3.55
€3.18
|
$2.42
PAB2.42
|
|
| Boneless chicken breast (1 lb) |
$7.19
€6.43
|
$3.15
PAB3.15
|
|
| Apples (1 lb) |
$1.26
€1.13
|
$1.87
PAB1.87
|
|
| Bananas (1 lb) |
$0.65
€0.58
|
$0.56
PAB0.56
|
|
| Oranges (1 lb) |
$1.00
€0.89
|
$1.31
PAB1.31
|
|
| Tomatoes (1 lb) |
$1.39
€1.24
|
$1.32
PAB1.32
|
|
| Potatoes (1 lb) |
$0.72
€0.64
|
$0.96
PAB0.96
|
|
| Onions (1 lb) |
$0.77
€0.69
|
$0.95
PAB0.95
|
|
pay 41.9% less for transportation
|
Germany
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.16
€6.41
|
$3.90
PAB3.90
|
|
| Monthly public transit pass |
$54.61
€48.89
|
$23.33
PAB23.33
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,249.82
€26,182.54
|
$21,000.00
PAB21,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$23.30
€20.86
|
$14.78
PAB14.78
|
|
pay 27.2% less for housing
|
Germany
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$49.15
€44.00
|
$46.90
PAB46.90
|
|
| 1-Bedroom apartment in downtown area |
$800.45
€716.51
|
$697.93
PAB697.93
|
|
| 1-Bedroom apartment outside city center |
$616.33
€551.70
|
$496.06
PAB496.06
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$232.30
€207.94
|
$65.23
PAB65.23
|
|
pay 36.6% less for childcare
|
Germany
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$434.24
€388.70
|
$327.08
PAB327.08
|
|
| Middle school for 1 child, two semesters |
$12,512.98
€11,200.81
|
$6,443.94
PAB6,443.94
|
|
pay 14.8% less for entertainment and sports
|
Germany
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.33
€3.88
|
$1.85
PAB1.85
|
|
| Cappuccino in mid-range area |
$3.44
€3.08
|
$3.35
PAB3.35
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.81
€7.89
|
$6.70
PAB6.70
|
|
| Monthly membership at local gym |
$35.42
€31.71
|
$58.09
PAB58.09
|
|
| Movie ticket to theater/cinema |
$12.56
€11.24
|
$5.75
PAB5.75
|
|
pay 27.5% less for clothing
|
Germany
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$83.65
€74.88
|
$43.92
PAB43.92
|
|
|
Regular dress
from H&M or similar store
|
$41.29
€36.96
|
$40.61
PAB40.61
|
|
|
Running shoes
Nike or Adidas
|
$89.84
€80.42
|
$66.54
PAB66.54
|
|
| Men's business shoes (leather) |
$120.25
€107.64
|
$78.30
PAB78.30
|
|
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