Cost of living comparison
Panama is 14.7% more expensive than Montenegro.
If you lived in Panama instead of Montenegro, you would:
pay 1.1% less for restaurants
Montenegro
|
Panama
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$8.56
€8.03
|
$7.70
PAB7.70
|
|
Fast food combo meal
McDonalds, or similar
|
$5.22
€4.90
|
$7.45
PAB7.45
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.93
€1.81
|
$1.54
PAB1.54
|
|
Bottle of water (11 fl. oz) |
$1.38
€1.29
|
$1.16
PAB1.16
|
|
pay 67.4% more for groceries
Montenegro
|
Panama
|
||
---|---|---|---|
Bread
1 loaf
|
$0.85
€0.79
|
$1.94
PAB1.94
|
|
Local cheese (8 oz) |
$3.88
€3.64
|
$5.35
PAB5.35
|
|
Milk (1 gallon) |
$4.85
€4.54
|
$6.06
PAB6.06
|
|
Eggs
1 dozen
|
$2.75
€2.58
|
$2.20
PAB2.20
|
|
Boneless chicken breast (1 lb) |
$2.92
€2.74
|
$2.67
PAB2.67
|
|
Apples (1 lb) |
$0.53
€0.49
|
$1.75
PAB1.75
|
|
Bananas (1 lb) |
$0.69
€0.64
|
$0.55
PAB0.55
|
|
Oranges (1 lb) |
$0.57
€0.53
|
$1.06
PAB1.06
|
|
Tomatoes (1 lb) |
$0.93
€0.87
|
$1.23
PAB1.23
|
|
Potatoes (1 lb) |
$0.39
€0.37
|
$0.89
PAB0.89
|
|
Onions (1 lb) |
$0.44
€0.41
|
$0.96
PAB0.96
|
|
pay 8.8% more for transportation
Montenegro
|
Panama
|
||
---|---|---|---|
Gasoline (1 gallon) |
$6.17
€5.79
|
$4.07
PAB4.07
|
|
Monthly public transit pass |
$31.61
€29.65
|
$27.50
PAB27.50
|
|
New Volkswagen Golf 1.4 (standard edition) |
$23,324.04
€21,874.82
|
$20,583.33
PAB20,583.33
|
|
Taxi trip in downtown area (5 miles) |
$8.13
€7.62
|
$15.79
PAB15.79
|
|
pay 29.2% more for housing
Montenegro
|
Panama
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$27.13
€25.45
|
$49.92
PAB49.92
|
|
1-Bedroom apartment in downtown area |
$508.64
€477.04
|
$696.35
PAB696.35
|
|
1-Bedroom apartment outside city center |
$362.93
€340.38
|
$440.76
PAB440.76
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$84.67
€79.41
|
$62.88
PAB62.88
|
|
pay 20.6% less for childcare
Montenegro
|
Panama
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$242.86
€227.77
|
$228.54
PAB228.54
|
|
Middle school for 1 child, two semesters |
$9,565.21
€8,970.89
|
$6,185.93
PAB6,185.93
|
|
pay 24.4% more for entertainment and sports
Montenegro
|
Panama
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.55
€2.39
|
$1.75
PAB1.75
|
|
Cappuccino in mid-range area |
$1.70
€1.60
|
$3.22
PAB3.22
|
|
Pack of cigarettes
Marlboro or similar
|
$4.01
€3.76
|
$5.43
PAB5.43
|
|
Monthly membership at local gym |
$34.67
€32.52
|
$45.25
PAB45.25
|
|
Movie ticket to theater/cinema |
$4.98
€4.67
|
$4.88
PAB4.88
|
|
pay 5.0% less for clothing
Montenegro
|
Panama
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$56.33
€52.83
|
$48.38
PAB48.38
|
|
Regular dress
from H&M or similar store
|
$31.75
€29.78
|
$38.88
PAB38.88
|
|
Running shoes
Nike or Adidas
|
$86.76
€81.37
|
$82.05
PAB82.05
|
|
Men's business shoes (leather) |
$122.16
€114.57
|
$94.12
PAB94.12
|
|
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