Reykjavik is 66.6% more expensive than Panama City.

If you lived in Reykjavik instead of Panama City, you would:

Display currency: USD

pay 77.4% more for restaurants

 
Panama City
Reykjavik
Basic meal with drink at inexpensive restaurant $12.00
PAB12.00
$21.59
ISK2,983
Fast food combo meal
McDonalds, or similar
$8.25
PAB8.25
$17.27
ISK2,387
Bottle of Coca-Cola (11 fl. oz) $1.76
PAB1.76
$2.90
ISK401

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pay 50.5% more for groceries

 
Panama City
Reykjavik
Bread
1 loaf
$2.40
PAB2.40
$3.68
ISK509
Local cheese (8 oz) $5.44
PAB5.44
$7.66
ISK1,058
Milk (1 gallon) $6.66
PAB6.66
$6.16
ISK852

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pay 2.1 times more for transportation

 
Panama City
Reykjavik
Gasoline (1 gallon) $3.69
PAB3.69
$8.57
ISK1,185
Monthly public transit pass $25.00
PAB25.00
$66.92
ISK9,248
New Volkswagen Golf 1.4 (standard edition) $22,250.00
PAB22,250.00
$41,660.67
ISK5,757,505

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pay 71.6% more for housing

 
Panama City
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$51.82
PAB51.82
$68.45
ISK9,460
1-Bedroom apartment in downtown area $925.91
PAB925.91
$1,864.13
ISK257,623
1-Bedroom apartment outside city center $598.61
PAB598.61
$1,666.20
ISK230,268

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pay 39.7% less for childcare

 
Panama City
Reykjavik
Private preschool for 1 child, monthly $408.12
PAB408.12
$240.37
ISK33,219
Middle school for 1 child, two semesters $9,675.75
PAB9,675.75
$5,984.07
ISK826,999

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pay 2.3 times more for entertainment and sports

 
Panama City
Reykjavik
Domestic/local beer (1 pint) $2.50
PAB2.50
$10.79
ISK1,492
Cappuccino in mid-range area $3.70
PAB3.70
$5.09
ISK703
Pack of cigarettes
Marlboro or similar
$5.75
PAB5.75
$11.87
ISK1,641

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pay 64.7% more for clothing

 
Panama City
Reykjavik
Regular jeans
Levi's brand
$53.94
PAB53.94
$103.94
ISK14,365
Regular dress
from H&M or similar store
$40.79
PAB40.79
$43.50
ISK6,011
Running shoes
Nike or Adidas
$82.58
PAB82.58
$141.47
ISK19,552

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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: May 2024
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