Cost of living comparison
Madrid is 19.1% more expensive than Panama City.
If you lived in Madrid instead of Panama City, you would:
pay 33.4% more for restaurants
Panama City
|
Madrid
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$10.00
PAB10.00
|
$13.19
€12.11
|
|
Fast food combo meal
McDonalds, or similar
|
$7.00
PAB7.00
|
$8.80
€8.08
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.73
PAB1.73
|
$2.53
€2.32
|
|
Bottle of water (11 fl. oz) |
$1.34
PAB1.34
|
$1.74
€1.59
|
|
pay 8.4% less for groceries
Panama City
|
Madrid
|
||
---|---|---|---|
Bread
1 loaf
|
$2.36
PAB2.36
|
$1.25
€1.15
|
|
Local cheese (8 oz) |
$4.56
PAB4.56
|
$5.92
€5.44
|
|
Milk (1 gallon) |
$6.17
PAB6.17
|
$3.90
€3.58
|
|
Eggs
1 dozen
|
$2.20
PAB2.20
|
$2.69
€2.47
|
|
Boneless chicken breast (1 lb) |
$3.23
PAB3.23
|
$3.74
€3.44
|
|
Apples (1 lb) |
$1.43
PAB1.43
|
$1.08
€0.99
|
|
Bananas (1 lb) |
$0.60
PAB0.60
|
$0.98
€0.90
|
|
Oranges (1 lb) |
$1.36
PAB1.36
|
$0.86
€0.79
|
|
Tomatoes (1 lb) |
$1.53
PAB1.53
|
$1.03
€0.95
|
|
Potatoes (1 lb) |
$0.89
PAB0.89
|
$0.67
€0.62
|
|
Onions (1 lb) |
$0.94
PAB0.94
|
$0.74
€0.68
|
|
pay 55.3% more for transportation
Panama City
|
Madrid
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.18
PAB4.18
|
$7.44
€6.83
|
|
Monthly public transit pass |
$25.00
PAB25.00
|
$59.37
€54.52
|
|
New Volkswagen Golf 1.4 (standard edition) |
$22,250.00
PAB22,250.00
|
$27,693.49
€25,429.54
|
|
Taxi trip in downtown area (5 miles) |
$16.80
PAB16.80
|
$13.63
€12.52
|
|
pay 25.0% more for housing
Panama City
|
Madrid
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$50.20
PAB50.20
|
$34.19
€31.39
|
|
1-Bedroom apartment in downtown area |
$900.91
PAB900.91
|
$1,094.67
€1,005.18
|
|
1-Bedroom apartment outside city center |
$515.48
PAB515.48
|
$816.29
€749.56
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$82.33
PAB82.33
|
$125.07
€114.85
|
|
pay 13.8% more for childcare
Panama City
|
Madrid
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$420.62
PAB420.62
|
$529.47
€486.19
|
|
Middle school for 1 child, two semesters |
$9,343.71
PAB9,343.71
|
$9,499.24
€8,722.68
|
|
pay 10.6% more for entertainment and sports
Panama City
|
Madrid
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.50
PAB2.50
|
$3.30
€3.03
|
|
Cappuccino in mid-range area |
$3.51
PAB3.51
|
$2.17
€1.99
|
|
Pack of cigarettes
Marlboro or similar
|
$5.78
PAB5.78
|
$5.61
€5.15
|
|
Monthly membership at local gym |
$42.79
PAB42.79
|
$41.71
€38.30
|
|
Movie ticket to theater/cinema |
$6.00
PAB6.00
|
$9.90
€9.09
|
|
pay 4.3% more for clothing
Panama City
|
Madrid
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$53.50
PAB53.50
|
$67.45
€61.94
|
|
Regular dress
from H&M or similar store
|
$41.33
PAB41.33
|
$35.01
€32.15
|
|
Running shoes
Nike or Adidas
|
$74.88
PAB74.88
|
$76.87
€70.59
|
|
Men's business shoes (leather) |
$90.67
PAB90.67
|
$94.21
€86.50
|
|
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