Cost of living comparison
Seoul is 22.5% more expensive than Panama City.
If you lived in Seoul instead of Panama City, you would:
pay 23.3% less for restaurants
|
Panama City
|
Seoul
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.00
PAB10.00
|
$6.84
₩9,421
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.00
PAB7.00
|
$6.08
₩8,375
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.73
PAB1.73
|
$1.56
₩2,154
|
|
| Bottle of water (11 fl. oz) |
$1.34
PAB1.34
|
$0.82
₩1,127
|
|
pay 75.2% more for groceries
|
Panama City
|
Seoul
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.36
PAB2.36
|
$3.17
₩4,372
|
|
| Local cheese (8 oz) |
$4.56
PAB4.56
|
$5.72
₩7,877
|
|
| Milk (1 gallon) |
$6.17
PAB6.17
|
$8.47
₩11,674
|
|
|
Eggs
1 dozen
|
$2.20
PAB2.20
|
$3.83
₩5,281
|
|
| Boneless chicken breast (1 lb) |
$3.23
PAB3.23
|
$4.85
₩6,686
|
|
| Apples (1 lb) |
$1.43
PAB1.43
|
$2.90
₩3,990
|
|
| Bananas (1 lb) |
$0.60
PAB0.60
|
$1.67
₩2,297
|
|
| Oranges (1 lb) |
$1.36
PAB1.36
|
$2.82
₩3,880
|
|
| Tomatoes (1 lb) |
$1.53
PAB1.53
|
$2.77
₩3,811
|
|
| Potatoes (1 lb) |
$0.89
PAB0.89
|
$1.68
₩2,320
|
|
| Onions (1 lb) |
$0.94
PAB0.94
|
$1.38
₩1,898
|
|
pay 23.3% more for transportation
|
Panama City
|
Seoul
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.18
PAB4.18
|
$5.41
₩7,453
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$41.78
₩57,576
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$22,250.00
PAB22,250.00
|
$31,904.23
₩43,966,837
|
|
| Taxi trip in downtown area (5 miles) |
$16.80
PAB16.80
|
$8.96
₩12,353
|
|
pay 3.1% more for housing
|
Panama City
|
Seoul
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$50.20
PAB50.20
|
$21.92
₩30,201
|
|
| 1-Bedroom apartment in downtown area |
$900.91
PAB900.91
|
$768.77
₩1,059,435
|
|
| 1-Bedroom apartment outside city center |
$515.48
PAB515.48
|
$592.83
₩816,979
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$82.33
PAB82.33
|
$138.80
₩191,273
|
|
pay 44.5% more for childcare
|
Panama City
|
Seoul
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$420.62
PAB420.62
|
$384.99
₩530,546
|
|
| Middle school for 1 child, two semesters |
$9,343.71
PAB9,343.71
|
$18,449.76
₩25,425,395
|
|
pay 24.4% more for entertainment and sports
|
Panama City
|
Seoul
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.50
PAB2.50
|
$3.80
₩5,234
|
|
| Cappuccino in mid-range area |
$3.51
PAB3.51
|
$3.92
₩5,409
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.78
PAB5.78
|
$3.42
₩4,711
|
|
| Monthly membership at local gym |
$42.79
PAB42.79
|
$52.16
₩71,885
|
|
| Movie ticket to theater/cinema |
$6.00
PAB6.00
|
$10.63
₩14,656
|
|
pay 10.4% more for clothing
|
Panama City
|
Seoul
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.50
PAB53.50
|
$60.78
₩83,755
|
|
|
Regular dress
from H&M or similar store
|
$41.33
PAB41.33
|
$43.57
₩60,049
|
|
|
Running shoes
Nike or Adidas
|
$74.88
PAB74.88
|
$72.02
₩99,244
|
|
| Men's business shoes (leather) |
$90.67
PAB90.67
|
$114.47
₩157,746
|
|
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