Cost of living comparison
Madrid is 21.0% more expensive than Panama City.
- Restaurants
-
pay 33.3% more in Madrid
- Groceries
-
pay 12.1% less in Madrid
- Transportation
-
pay 56.4% more in Madrid
- Housing
-
pay 21.0% more in Madrid
- Childcare
-
pay 14.5% more in Madrid
- Entertainment and Sports
-
pay 11.6% more in Madrid
- Clothing
-
pay 22.4% more in Madrid
The cost of transportation, restaurants, clothing, housing, childcare, and entertainment and sports in Madrid are more expensive than in Panama City.
If you lived in Madrid instead of Panama City, you would:
pay 33.3% more for restaurants
|
Panama City
|
Madrid
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.25
PAB13.25
|
$16.08
€14.29
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.00
PAB8.00
|
$10.72
€9.53
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.86
PAB1.86
|
$2.79
€2.48
|
|
| Bottle of water (11 fl. oz) |
$1.41
PAB1.41
|
$1.80
€1.60
|
|
pay 12.1% less for groceries
|
Panama City
|
Madrid
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.51
PAB2.51
|
$1.50
€1.33
|
|
| Local cheese (8 oz) |
$6.39
PAB6.39
|
$6.92
€6.15
|
|
| Milk (1 gallon) |
$6.80
PAB6.80
|
$4.41
€3.92
|
|
|
Eggs
1 dozen
|
$2.68
PAB2.68
|
$3.05
€2.71
|
|
| Boneless chicken breast (1 lb) |
$3.41
PAB3.41
|
$3.78
€3.36
|
|
| Apples (1 lb) |
$1.48
PAB1.48
|
$1.13
€1.00
|
|
| Bananas (1 lb) |
$0.72
PAB0.72
|
$0.87
€0.77
|
|
| Oranges (1 lb) |
$1.24
PAB1.24
|
$1.01
€0.89
|
|
| Tomatoes (1 lb) |
$1.40
PAB1.40
|
$1.05
€0.93
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.83
€0.74
|
|
| Onions (1 lb) |
$1.15
PAB1.15
|
$0.82
€0.73
|
|
pay 56.4% more for transportation
|
Panama City
|
Madrid
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.69
PAB3.69
|
$6.79
€6.03
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$42.87
€38.11
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$19,750.00
PAB19,750.00
|
$35,759.38
€31,784.72
|
|
| Taxi trip in downtown area (5 miles) |
$16.71
PAB16.71
|
$14.90
€13.24
|
|
pay 21.0% more for housing
|
Panama City
|
Madrid
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$52.10
PAB52.10
|
$31.85
€28.31
|
|
| 1-Bedroom apartment in downtown area |
$1,023.81
PAB1,023.81
|
$1,468.90
€1,305.63
|
|
| 1-Bedroom apartment outside city center |
$755.88
PAB755.88
|
$1,074.71
€955.26
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.84
PAB94.84
|
$130.03
€115.58
|
|
pay 14.5% more for childcare
|
Panama City
|
Madrid
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$439.17
PAB439.17
|
$567.57
€504.48
|
|
| Middle school for 1 child, two semesters |
$10,092.67
PAB10,092.67
|
$10,069.47
€8,950.25
|
|
pay 11.6% more for entertainment and sports
|
Panama City
|
Madrid
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.00
PAB3.00
|
$3.75
€3.33
|
|
| Cappuccino in mid-range area |
$3.59
PAB3.59
|
$2.59
€2.30
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.50
PAB5.50
|
$6.43
€5.72
|
|
| Monthly membership at local gym |
$47.27
PAB47.27
|
$43.11
€38.32
|
|
| Movie ticket to theater/cinema |
$7.00
PAB7.00
|
$10.72
€9.53
|
|
pay 22.4% more for clothing
|
Panama City
|
Madrid
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.91
PAB53.91
|
$90.50
€80.44
|
|
|
Regular dress
from H&M or similar store
|
$37.78
PAB37.78
|
$37.21
€33.08
|
|
|
Running shoes
Nike or Adidas
|
$87.62
PAB87.62
|
$97.88
€87.00
|
|
| Men's business shoes (leather) |
$108.75
PAB108.75
|
$121.40
€107.90
|
|
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