Cost of living comparison

Honduras

compared to

Panama

Panama vs. Honduras Cost of Living Summary

Panama is 17.1% more expensive than Honduras overall.

Restaurants: pay 13.1% more in Panama
Groceries: pay 32.4% more in Panama
Transportation: pay 6.8% less in Panama
Housing: pay 19.3% more in Panama
Childcare: pay 65.1% more in Panama
Entertainment and Sports: pay 21.1% more in Panama
Clothing: pay 2.8% less in Panama

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

Planning a move to Panama? Get up to 5 free, no-obligation quotes from vetted international movers. Get free quotes →

Panama vs. Honduras Cost Breakdown

If you lived in Panama instead of Honduras, you would:

Display currency: USD

pay 13.1% more for restaurants

	Honduras	Panama
Basic meal with drink at inexpensive restaurant	$7.63 HNL205.22	$8.20 PAB8.20	+7.4%
Fast food combo meal McDonalds, or similar	$8.42 HNL226.39	$8.90 PAB8.90	+5.7%
Bottle of Coca-Cola (11 fl. oz)	$1.02 HNL27.50	$1.41 PAB1.41	+37.6%
Bottle of water (11 fl. oz)	$0.88 HNL23.63	$1.30 PAB1.30	+48.5%
Average			+13.1%

Honduras vs. Panama - Cost of restaurants

Improve prices · Change currency (USD)

pay 32.4% more for groceries

	Honduras	Panama
Bread 1 loaf	$2.36 HNL63.49	$2.28 PAB2.28	-3.2%
Local cheese (8 oz)	$4.44 HNL119.37	$6.18 PAB6.18	+39.3%
Milk (1 gallon)	$5.41 HNL145.50	$7.09 PAB7.09	+30.9%
Eggs 1 dozen	$2.05 HNL55.10	$2.56 PAB2.56	+24.8%
Boneless chicken breast (1 lb)	$2.85 HNL76.54	$3.42 PAB3.42	+20.2%
Apples (1 lb)	$1.61 HNL43.27	$1.86 PAB1.86	+15.4%
Bananas (1 lb)	$0.59 HNL15.80	$0.59 PAB0.59	+0.7%
Oranges (1 lb)	$0.99 HNL26.56	$1.76 PAB1.76	+78.1%
Tomatoes (1 lb)	$0.65 HNL17.41	$1.67 PAB1.67	+158.3%
Potatoes (1 lb)	$0.90 HNL24.26	$1.09 PAB1.09	+21.1%
Onions (1 lb)	$0.89 HNL24.00	$1.14 PAB1.14	+28.0%
Average			+32.4%

Honduras vs. Panama - Cost of groceries

Improve prices · Change currency (USD)

pay 6.8% less for transportation

	Honduras	Panama
Gasoline (1 gallon)	$4.12 HNL110.85	$4.34 PAB4.34	+5.3%
Monthly public transit pass	$35.76 HNL961.35	$23.00 PAB23.00	-35.7%
New Volkswagen Golf 1.4 (standard edition)	$21,409.36 HNL576K	$23,920.67 PAB23,920.67	+11.7%
Taxi trip in downtown area (5 miles)	$18.53 HNL498.20	$16.62 PAB16.62	-10.3%
Average			-6.8%

Honduras vs. Panama - Cost of transportation

Improve prices · Change currency (USD)

pay 19.3% more for housing

	Honduras	Panama
Internet connection 50 mbps or faster, cable/dsl	$59.26 HNL1,593.25	$49.81 PAB49.81	-15.9%
1-Bedroom apartment in downtown area	$620.19 HNL16,674.00	$789.50 PAB789.50	+27.3%
1-Bedroom apartment outside city center	$479.00 HNL12,877.88	$614.84 PAB614.84	+28.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$103.84 HNL2,791.72	$96.53 PAB96.53	-7.0%
Average			+19.3%

Honduras vs. Panama - Cost of housing

Improve prices · Change currency (USD)

pay 65.1% more for childcare

	Honduras	Panama
Private preschool for 1 child, monthly	$290.83 HNL7,818.90	$543.33 PAB543.33	+86.8%
Middle school for 1 child, two semesters	$4,943.05 HNL133K	$7,213.83 PAB7,213.83	+45.9%
Average			+65.1%

Honduras vs. Panama - Cost of childcare

Improve prices · Change currency (USD)

pay 21.1% more for entertainment and sports

	Honduras	Panama
Domestic/local beer (1 pint)	$1.83 HNL49.11	$2.21 PAB2.21	+21.0%
Cappuccino in mid-range area	$2.98 HNL80.04	$3.73 PAB3.73	+25.2%
Pack of cigarettes Marlboro or similar	$2.99 HNL80.29	$5.29 PAB5.29	+77.2%
Monthly membership at local gym	$45.04 HNL1,210.92	$50.91 PAB50.91	+13.0%
Movie ticket to theater/cinema	$5.64 HNL151.73	$6.13 PAB6.13	+8.7%
Average			+21.1%

Honduras vs. Panama - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 2.8% less for clothing

	Honduras	Panama
Regular jeans Levi's brand	$55.59 HNL1,494.58	$45.56 PAB45.56	-18.1%
Regular dress from H&M or similar store	$36.60 HNL983.94	$36.71 PAB36.71	+0.3%
Running shoes Nike or Adidas	$73.51 HNL1,976.29	$69.81 PAB69.81	-5.0%
Men's business shoes (leather)	$77.25 HNL2,076.89	$88.33 PAB88.33	+14.3%
Average			-2.8%

Honduras vs. Panama - Cost of clothing

Improve prices · Change currency (USD)

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: Honduras vs. Panama

Salary Calculator · Free tool

What salary would you need in Panama?

Quality of Life Comparison · 22 statistics

Make 5.5 times more money in Panama

Size Comparison · See true size

Honduras is about 1.5 times bigger than Panama.

Moving from Honduras to Panama · UN DESA 2020

1,797 people born in Honduras live in Panama.

More cost comparisons

Honduras vs.

United States

Honduras vs.

Spain

Honduras vs.

Mexico

Honduras vs.

Nicaragua

Honduras vs.

El Salvador

Honduras vs.

Belize

Honduras vs.

Guatemala

Honduras vs.

Canada

Share this

Compare by city

For example, try comparing the cost of living in Tegucigalpa vs. Panama City

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Honduras

Add prices for Panama

Ask the Elsewhere Community

Join the Elsewhere community and ask a question about Panama or Honduras. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.