Cost of living comparison
Panama is 20.9% cheaper than North Carolina.
If you lived in Panama instead of North Carolina, you would:
pay 16.3% less for restaurants
|
North Carolina
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$14.16
|
$8.05
PAB8.05
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.11
|
$7.25
PAB7.25
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.82
|
$1.55
PAB1.55
|
|
| Bottle of water (11 fl. oz) |
$1.42
|
$1.29
PAB1.29
|
|
pay 12.5% less for groceries
|
North Carolina
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.58
|
$2.00
PAB2.00
|
|
| Local cheese (8 oz) |
$4.97
|
$4.22
PAB4.22
|
|
| Milk (1 gallon) |
$3.02
|
$5.83
PAB5.83
|
|
|
Eggs
1 dozen
|
$1.95
|
$1.95
PAB1.95
|
|
| Boneless chicken breast (1 lb) |
$3.47
|
$3.17
PAB3.17
|
|
| Apples (1 lb) |
$2.16
|
$1.31
PAB1.31
|
|
| Bananas (1 lb) |
$0.75
|
$0.71
PAB0.71
|
|
| Oranges (1 lb) |
$2.05
|
$0.98
PAB0.98
|
|
| Tomatoes (1 lb) |
$1.87
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$1.16
|
$0.89
PAB0.89
|
|
| Onions (1 lb) |
$1.32
|
$0.94
PAB0.94
|
|
pay 1.9% less for transportation
|
North Carolina
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.30
|
$3.24
PAB3.24
|
|
| Monthly public transit pass |
$53.96
|
$27.64
PAB27.64
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,571.05
|
$19,000.00
PAB19,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$15.26
|
$18.33
PAB18.33
|
|
pay 31.4% less for housing
|
North Carolina
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.39
|
$48.79
PAB48.79
|
|
| 1-Bedroom apartment in downtown area |
$1,027.38
|
$705.36
PAB705.36
|
|
| 1-Bedroom apartment outside city center |
$845.31
|
$419.09
PAB419.09
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$112.60
|
$81.71
PAB81.71
|
|
pay 56.9% less for childcare
|
North Carolina
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$895.72
|
$383.04
PAB383.04
|
|
| Middle school for 1 child, two semesters |
$16,990.89
|
$7,365.69
PAB7,365.69
|
|
pay 33.5% less for entertainment and sports
|
North Carolina
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.19
|
$1.80
PAB1.80
|
|
| Cappuccino in mid-range area |
$4.01
|
$2.71
PAB2.71
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.21
|
$5.37
PAB5.37
|
|
| Monthly membership at local gym |
$35.29
|
$33.09
PAB33.09
|
|
| Movie ticket to theater/cinema |
$10.82
|
$4.50
PAB4.50
|
|
pay 5.9% more for clothing
|
North Carolina
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$39.85
|
$44.29
PAB44.29
|
|
|
Regular dress
from H&M or similar store
|
$33.77
|
$42.18
PAB42.18
|
|
|
Running shoes
Nike or Adidas
|
$72.76
|
$70.70
PAB70.70
|
|
| Men's business shoes (leather) |
$88.98
|
$80.44
PAB80.44
|
|
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