Reykjavik is 69.9% more expensive than Panama City.

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

pay 93.7% more for restaurants

 
Panama City
Reykjavik
Basic meal with drink at inexpensive restaurant $8.00
PAB8.00
$18.96
kr2,593
Fast food combo meal
McDonalds, or similar
$6.50
PAB6.50
$15.17
kr2,074
Bottle of Coca-Cola (11 fl. oz) $1.71
PAB1.71
$2.56
kr350

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pay 55.6% more for groceries

 
Panama City
Reykjavik
Bread
1 loaf
$2.00
PAB2.00
$3.16
kr433
Local cheese (8 oz) $3.84
PAB3.84
$7.18
kr982
Milk (1 gallon) $5.94
PAB5.94
$5.92
kr810

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pay 72.5% more for transportation

 
Panama City
Reykjavik
Gasoline (1 gallon) $3.91
PAB3.91
$7.74
kr1,059
Monthly public transit pass $30.00
PAB30.00
$60.67
kr8,297
New Volkswagen Golf 1.4 (standard edition) $24,250.00
PAB24,250.00
$34,127.10
kr4,666,882

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pay 73.8% more for housing

 
Panama City
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$45.03
PAB45.03
$71.50
kr9,777
1-Bedroom apartment in downtown area $888.75
PAB888.75
$1,563.60
kr213,822
1-Bedroom apartment outside city center $498.21
PAB498.21
$1,307.54
kr178,806

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pay 24.8% less for childcare

 
Panama City
Reykjavik
Private preschool for 1 child, monthly $370.00
PAB370.00
$368.36
kr50,373
Middle school for 1 child, two semesters $13,778.67
PAB13,778.67
$7,015.02
kr959,303

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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
$9.10
kr1,244
Cappuccino in mid-range area $3.25
PAB3.25
$4.68
kr640
Pack of cigarettes
Marlboro or similar
$5.80
PAB5.80
$12.32
kr1,685

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pay 89.5% more for clothing

 
Panama City
Reykjavik
Regular jeans
Levi's brand
$51.92
PAB51.92
$114.62
kr15,674
Regular dress
from H&M or similar store
$41.60
PAB41.60
$46.77
kr6,395
Running shoes
Nike or Adidas
$72.79
PAB72.79
$146.94
kr20,094

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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: August 2022
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