Cost of living comparison

Panama

compared to

Taiwan

Taipei vs. Panama City Cost of Living Summary

Taipei is 15.9% cheaper than Panama City.

Restaurants: pay 49.8% less in Taipei
Groceries: pay 7.4% more in Taipei
Transportation: pay 17.7% more in Taipei
Housing: pay 34.1% less in Taipei
Childcare: pay 45.2% more in Taipei
Entertainment and Sports: pay 10.1% less in Taipei
Clothing: pay 9.8% less in Taipei

The cost of childcare, transportation, and groceries in Taipei are more expensive than in Panama City. Expenses including restaurants, housing, entertainment and sports, and clothing are lower in Taipei.

Planning a move to Taiwan? Get up to 5 free, no-obligation quotes from vetted international movers. Get free quotes →

Taipei vs. Panama City Cost Breakdown

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

Display currency: USD

pay 49.8% less for restaurants

	Panama City	Taipei
Basic meal with drink at inexpensive restaurant	$11.50 PAB11.50	$4.71 NT$150.49	-59.1%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$5.65 NT$180.59	-29.4%
Bottle of Coca-Cola (11 fl. oz)	$1.97 PAB1.97	$0.92 NT$29.35	-53.4%
Bottle of water (11 fl. oz)	$1.60 PAB1.60	$0.65 NT$20.86	-59.2%
Average			-49.8%

Panama City vs. Taipei - Cost of restaurants

Improve prices · Change currency (USD)

pay 7.4% more for groceries

	Panama City	Taipei
Bread 1 loaf	$2.52 PAB2.52	$2.02 NT$64.65	-19.6%
Local cheese (8 oz)	$6.18 PAB6.18	$9.85 NT$314.68	+59.2%
Milk (1 gallon)	$7.09 PAB7.09	$11.54 NT$368.90	+62.9%
Eggs 1 dozen	$2.75 PAB2.75	$2.72 NT$87.00	-0.9%
Boneless chicken breast (1 lb)	$3.07 PAB3.07	$4.45 NT$142.21	+45.1%
Apples (1 lb)	$1.87 PAB1.87	$2.23 NT$71.26	+19.2%
Bananas (1 lb)	$0.82 PAB0.82	$1.51 NT$48.15	+82.8%
Oranges (1 lb)	$1.92 PAB1.92	$1.38 NT$44.23	-27.9%
Tomatoes (1 lb)	$1.86 PAB1.86	$2.02 NT$64.54	+8.8%
Potatoes (1 lb)	$1.55 PAB1.55	$1.25 NT$39.84	-19.4%
Onions (1 lb)	$1.96 PAB1.96	$1.04 NT$33.27	-46.8%
Average			+7.4%

Panama City vs. Taipei - Cost of groceries

Improve prices · Change currency (USD)

pay 17.7% more for transportation

	Panama City	Taipei
Gasoline (1 gallon)	$4.62 PAB4.62	$3.94 NT$126.01	-14.7%
Monthly public transit pass	$21.00 PAB21.00	$37.67 NT$1,203.90	+79.4%
New Volkswagen Golf 1.4 (standard edition)	$21,262.00 PAB21,262.00	$33,523.97 NT$1M	+57.7%
Taxi trip in downtown area (5 miles)	$16.98 PAB16.98	$8.95 NT$285.93	-47.3%
Average			+17.7%

Panama City vs. Taipei - Cost of transportation

Improve prices · Change currency (USD)

pay 34.1% less for housing

	Panama City	Taipei
Internet connection 50 mbps or faster, cable/dsl	$48.70 PAB48.70	$27.40 NT$875.71	-43.7%
1-Bedroom apartment in downtown area	$1,262.50 PAB1,262.50	$1,012.31 NT$32,354.87	-19.8%
1-Bedroom apartment outside city center	$874.18 PAB874.18	$482.92 NT$15,434.64	-44.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$100.29 PAB100.29	$66.27 NT$2,118.10	-33.9%
Average			-34.1%

Panama City vs. Taipei - Cost of housing

Improve prices · Change currency (USD)

pay 45.2% more for childcare

	Panama City	Taipei
Private preschool for 1 child, monthly	$543.33 PAB543.33	$662.67 NT$21,179.76	+22.0%
Middle school for 1 child, two semesters	$9,641.50 PAB9,641.50	$16,675.66 NT$533K	+73.0%
Average			+45.2%

Panama City vs. Taipei - Cost of childcare

Improve prices · Change currency (USD)

pay 10.1% less for entertainment and sports

	Panama City	Taipei
Domestic/local beer (1 pint)	$3.30 PAB3.30	$2.83 NT$90.29	-14.4%
Cappuccino in mid-range area	$4.11 PAB4.11	$3.42 NT$109.45	-16.7%
Pack of cigarettes Marlboro or similar	$6.00 PAB6.00	$3.92 NT$125.41	-34.6%
Monthly membership at local gym	$46.40 PAB46.40	$41.15 NT$1,315.12	-11.3%
Movie ticket to theater/cinema	$8.50 PAB8.50	$9.73 NT$311.01	+14.5%
Average			-10.1%

Panama City vs. Taipei - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 9.8% less for clothing

	Panama City	Taipei
Regular jeans Levi's brand	$66.67 PAB66.67	$63.18 NT$2,019.38	-5.2%
Regular dress from H&M or similar store	$48.43 PAB48.43	$39.99 NT$1,277.99	-17.4%
Running shoes Nike or Adidas	$94.62 PAB94.62	$84.98 NT$2,715.95	-10.2%
Men's business shoes (leather)	$111.67 PAB111.67	$105.09 NT$3,358.66	-5.9%
Average			-9.8%

Panama City vs. Taipei - Cost of clothing

Improve prices · Change currency (USD)

We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

Compare further: Panama City vs. Taipei

Salary Calculator · Free tool

What salary would you need in Taipei?

More cost comparisons

Panama City vs.

Rome

Panama City vs.

Washington

Panama City vs.

Lima

Panama City vs.

Quito

Panama City vs.

Reykjavik

Panama City vs.

Hanoi

Panama City vs.

Vienna

Panama City vs.

Moscow

Share this

Compare countries by overall cost of living

See the cost of living in Panama vs. Taiwan. This provides a comparison of the average cost of living from cities within Panama and Taiwan.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Panama City

Add prices for Taipei

Ask the Elsewhere Community

Join the Elsewhere community and ask a question about Taipei or Panama City. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.