Cost of living comparison

compared to

Panama vs. Mongolia Cost of Living Summary

Panama is 66.5% more expensive than Mongolia overall.

Restaurants: pay 87.0% more in Panama
Groceries: pay 53.2% more in Panama
Transportation: pay 2.2 times more in Panama
Housing: pay 2.0 times more in Panama
Childcare: pay 79.8% more in Panama
Entertainment and Sports: pay 58.7% more in Panama
Clothing: pay 35.8% less in Panama

The cost of transportation, housing, restaurants, childcare, entertainment and sports, and groceries in Panama are more expensive than in Mongolia. Notably, transportation, housing, and restaurants are significantly more expensive in Panama.

Panama vs. Mongolia Cost Breakdown

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

Display currency: USD

pay 87.0% more for restaurants

	Mongolia	Panama
Basic meal with drink at inexpensive restaurant	$5.56 MNT19,913.00	$8.35 PAB8.35	+50.2%
Fast food combo meal McDonalds, or similar	$5.41 MNT19,365.39	$7.75 PAB7.75	+43.3%
Bottle of Coca-Cola (11 fl. oz)	$0.72 MNT2,588.69	$1.37 PAB1.37	+90.0%
Bottle of water (11 fl. oz)	$0.46 MNT1,637.41	$1.21 PAB1.21	+164.6%
Average			+87.0%

Mongolia vs. Panama - Cost of restaurants

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pay 53.2% more for groceries

	Mongolia	Panama
Bread 1 loaf	$0.92 MNT3,304.31	$2.21 PAB2.21	+139.9%
Local cheese (8 oz)	$5.86 MNT21,008.22	$6.02 PAB6.02	+2.7%
Milk (1 gallon)	$5.29 MNT18,955.04	$6.86 PAB6.86	+29.6%
Eggs 1 dozen	$2.05 MNT7,329.93	$2.47 PAB2.47	+20.6%
Boneless chicken breast (1 lb)	$2.65 MNT9,484.02	$3.58 PAB3.58	+35.1%
Apples (1 lb)	$1.34 MNT4,786.76	$2.13 PAB2.13	+59.7%
Bananas (1 lb)	$1.03 MNT3,703.28	$0.60 PAB0.60	-42.1%
Oranges (1 lb)	$1.87 MNT6,683.97	$1.40 PAB1.40	-24.7%
Tomatoes (1 lb)	$1.17 MNT4,177.48	$1.51 PAB1.51	+29.1%
Potatoes (1 lb)	$0.31 MNT1,106.47	$0.96 PAB0.96	+210.3%
Onions (1 lb)	$0.44 MNT1,580.67	$0.99 PAB0.99	+124.6%
Average			+53.2%

Mongolia vs. Panama - Cost of groceries

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pay 2.2 times more for transportation

	Mongolia	Panama
Gasoline (1 gallon)	$3.78 MNT13,555.64	$3.87 PAB3.87	+2.2%
Monthly public transit pass	$8.34 MNT29,869.50	$23.75 PAB23.75	+184.8%
New Volkswagen Golf 1.4 (standard edition)	$28,628.61 MNT102,551,962.31	$23,416.67 PAB23,416.67	-18.2%
Taxi trip in downtown area (5 miles)	$5.00 MNT17,921.70	$20.20 PAB20.20	+303.8%
Average			+118.2%

Mongolia vs. Panama - Cost of transportation

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pay 2.0 times more for housing

	Mongolia	Panama
Internet connection 50 mbps or faster, cable/dsl	$13.74 MNT49,201.71	$48.39 PAB48.39	+252.3%
1-Bedroom apartment in downtown area	$503.97 MNT1,805,294.99	$765.94 PAB765.94	+52.0%
1-Bedroom apartment outside city center	$394.69 MNT1,413,823.17	$630.77 PAB630.77	+59.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 MNT207,795.08	$89.09 PAB89.09	+53.6%
Average			+104.4%

Mongolia vs. Panama - Cost of housing

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pay 79.8% more for childcare

	Mongolia	Panama
Private preschool for 1 child, monthly	$166.77 MNT597,390.07	$363.00 PAB363.00	+117.7%
Middle school for 1 child, two semesters	$6,632.97 MNT23,760,294.02	$9,411.11 PAB9,411.11	+41.9%
Average			+79.8%

Mongolia vs. Panama - Cost of childcare

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pay 58.7% more for entertainment and sports

	Mongolia	Panama
Domestic/local beer (1 pint)	$1.95 MNT6,969.55	$1.95 PAB1.95	+0.2%
Cappuccino in mid-range area	$2.42 MNT8,675.43	$3.54 PAB3.54	+46.2%
Pack of cigarettes Marlboro or similar	$1.71 MNT6,142.65	$5.48 PAB5.48	+219.6%
Monthly membership at local gym	$69.49 MNT248,912.53	$51.47 PAB51.47	-25.9%
Movie ticket to theater/cinema	$3.89 MNT13,939.10	$5.97 PAB5.97	+53.3%
Average			+58.7%

Mongolia vs. Panama - Cost of entertainment and sports

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pay 35.8% less for clothing

	Mongolia	Panama
Regular jeans Levi's brand	$81.91 MNT293,429.59	$43.33 PAB43.33	-47.1%
Regular dress from H&M or similar store	$65.60 MNT234,973.23	$34.17 PAB34.17	-47.9%
Running shoes Nike or Adidas	$98.97 MNT354,518.77	$80.40 PAB80.40	-18.8%
Men's business shoes (leather)	$150.55 MNT539,310.48	$106.46 PAB106.46	-29.3%
Average			-35.8%

Mongolia vs. Panama - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

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