Cost of living comparison

Liberia

compared to

Panama

Panama vs. Liberia Cost of Living Summary

Panama is 50.3% more expensive than Liberia overall.

Restaurants: pay 10.6% less in Panama
Groceries: pay 34.0% less in Panama
Transportation: pay 6.1% more in Panama
Housing: pay 3.1 times more in Panama
Childcare: pay 6.3 times more in Panama
Entertainment and Sports: pay 6.7% less in Panama
Clothing: pay 25.7% more in Panama

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

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

Panama vs. Liberia Cost Breakdown

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

Display currency: USD

pay 10.6% less for restaurants

	Liberia	Panama
Basic meal with drink at inexpensive restaurant	$7.50 LRD1,280.63	$8.20 PAB8.20	+9.3%
Fast food combo meal McDonalds, or similar	$11.00 LRD1,878.26	$8.90 PAB8.90	-19.1%
Bottle of Coca-Cola (11 fl. oz)	$2.00 LRD341.50	$1.41 PAB1.41	-29.6%
Bottle of water (11 fl. oz)	$2.00 LRD341.50	$1.30 PAB1.30	-34.8%
Average			-10.6%

Liberia vs. Panama - Cost of restaurants

Improve prices · Change currency (USD)

pay 34.0% less for groceries

	Liberia	Panama
Bread 1 loaf	$1.79 LRD305.86	$2.28 PAB2.28	+27.6%
Local cheese (8 oz)	$3.86 LRD658.77	$6.18 PAB6.18	+60.3%
Milk (1 gallon)	$8.01 LRD1,367.97	$7.09 PAB7.09	-11.6%
Eggs 1 dozen	$3.60 LRD614.70	$2.56 PAB2.56	-29.0%
Boneless chicken breast (1 lb)	$5.38 LRD917.79	$3.42 PAB3.42	-36.3%
Apples (1 lb)	$0.74 LRD126.76	$1.86 PAB1.86	+150.1%
Bananas (1 lb)	$3.83 LRD654.55	$0.59 PAB0.59	-84.6%
Oranges (1 lb)	$4.67 LRD796.84	$1.76 PAB1.76	-62.3%
Tomatoes (1 lb)	$5.00 LRD853.76	$1.67 PAB1.67	-66.6%
Potatoes (1 lb)	$1.00 LRD170.75	$1.09 PAB1.09	+9.3%
Onions (1 lb)	$4.83 LRD825.30	$1.14 PAB1.14	-76.4%
Average			-34.0%

Liberia vs. Panama - Cost of groceries

Improve prices · Change currency (USD)

pay 6.1% more for transportation

	Liberia	Panama
Gasoline (1 gallon)	$4.69 LRD801.39	$4.34 PAB4.34	-7.5%
Monthly public transit pass	$20.00 LRD3,415.02	$23.00 PAB23.00	+15.0%
New Volkswagen Golf 1.4 (standard edition)	$20,000.00 LRD3M	$23,920.67 PAB23,920.67	+19.6%
Taxi trip in downtown area (5 miles)	$16.91 LRD2,887.90	$16.62 PAB16.62	-1.7%
Average			+6.1%

Liberia vs. Panama - Cost of transportation

Improve prices · Change currency (USD)

pay 3.1 times more for housing

	Liberia	Panama
Internet connection 50 mbps or faster, cable/dsl	$180.00 LRD30,735.22	$49.81 PAB49.81	-72.3%
1-Bedroom apartment in downtown area	$250.00 LRD42,687.81	$789.50 PAB789.50	+215.8%
1-Bedroom apartment outside city center	$95.00 LRD16,221.37	$614.84 PAB614.84	+547.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$115.47 LRD19,716.75	$96.53 PAB96.53	-16.4%
Average			+205.2%

Liberia vs. Panama - Cost of housing

Improve prices · Change currency (USD)

pay 6.3 times more for childcare

	Liberia	Panama
Private preschool for 1 child, monthly	$100.00 LRD17,075.12	$543.33 PAB543.33	+443.3%
Middle school for 1 child, two semesters	$1,000.00 LRD171K	$7,213.83 PAB7,213.83	+621.4%
Average			+526.1%

Liberia vs. Panama - Cost of childcare

Improve prices · Change currency (USD)

pay 6.7% less for entertainment and sports

	Liberia	Panama
Domestic/local beer (1 pint)	$4.00 LRD683.00	$2.21 PAB2.21	-44.8%
Cappuccino in mid-range area	$3.00 LRD512.25	$3.73 PAB3.73	+24.3%
Pack of cigarettes Marlboro or similar	$5.00 LRD853.76	$5.29 PAB5.29	+5.8%
Monthly membership at local gym	$62.50 LRD10,671.95	$50.91 PAB50.91	-18.5%
Movie ticket to theater/cinema	$5.00 LRD853.76	$6.13 PAB6.13	+22.7%
Average			-6.7%

Liberia vs. Panama - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 25.7% more for clothing

	Liberia	Panama
Regular jeans Levi's brand	$25.00 LRD4,268.78	$45.56 PAB45.56	+82.2%
Regular dress from H&M or similar store	$32.50 LRD5,549.42	$36.71 PAB36.71	+13.0%
Running shoes Nike or Adidas	$55.00 LRD9,391.32	$69.81 PAB69.81	+26.9%
Men's business shoes (leather)	$92.50 LRD15,794.49	$88.33 PAB88.33	-4.5%
Average			+25.7%

Liberia 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: Liberia vs. Panama

Salary Calculator · Free tool

What salary would you need in Panama?

Quality of Life Comparison · 22 statistics

Make 21.6 times more money in Panama

Size Comparison · See true size

Liberia is about 1.5 times bigger than Panama.

Moving from Liberia to Panama · Cost, visas & climate

Compare cost of living, salary and climate.

More cost comparisons

Liberia vs.

Nigeria

Liberia vs.

Ghana

Liberia vs.

United States

Liberia vs.

Cote d'Ivoire

Liberia vs.

Sierra Leone

Liberia vs.

Cameroon

Liberia vs.

Australia

Liberia vs.

United Kingdom

Share this

Compare by city

For example, try comparing the cost of living in Monrovia 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 Liberia

Add prices for Panama

Ask the Elsewhere Community

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