Cost of Living Comparison

  1. Cost of Living
  2. Panama
  3. Australia
  4. Comparison
PAB
COMPARED TO
AUD

Australia is 2.1 times more expensive than Panama.

If you lived in Australia instead of Panama, you would:
local_dining

pay 75.6% more for restaurants

  Panama help_outline Australia help_outline  
Basic meal with drink at inexpensive restaurant $8.50
PAB8.50
$15.68
A$20.28
+84.5%
Fast food combo meal
McDonalds, or similar
 $6.75
PAB6.75
$8.54
A$11.04
+26.5%
Bottle of Coca-Cola (11 fl. oz) $1.24
PAB1.24
$2.44
A$3.15
+97.1%
Bottle of water (11 fl. oz) $1.10
PAB1.10
$2.14
A$2.77
+94.4%
Average +75.6%
Panama vs. Australia - Cost of restaurants
Improve prices · Change currency (USD)
local_grocery_store

pay 17.6% more for groceries

  Panama help_outline Australia help_outline  
Bread
1 loaf
 $2.04
PAB2.04
$1.99
A$2.57
-2.5%
Local cheese (8 oz) $6.13
PAB6.13
$3.95
A$5.10
-35.7%
Milk (1 gallon) $5.65
PAB5.65
$4.77
A$6.16
-15.6%
Eggs
1 dozen
 $1.96
PAB1.96
$3.47
A$4.49
+76.8%
Boneless chicken breast (1 lb) $3.41
PAB3.41
$3.49
A$4.52
+2.4%
Apples (1 lb) $1.36
PAB1.36
$1.42
A$1.83
+4.0%
Bananas (1 lb) $0.72
PAB0.72
$1.11
A$1.43
+54.1%
Oranges (1 lb) $0.99
PAB0.99
$1.25
A$1.62
+25.9%
Tomatoes (1 lb) $1.15
PAB1.15
$1.76
A$2.27
+52.3%
Potatoes (1 lb) $0.90
PAB0.90
$1.13
A$1.46
+25.0%
Onions (1 lb) $0.91
PAB0.91
$0.97
A$1.26
+6.5%
Average +17.6%
Panama vs. Australia - Cost of groceries
Improve prices · Change currency (USD)
drive_eta

pay 74.0% more for transportation

  Panama help_outline Australia help_outline  
Gasoline (1 gallon) $2.99
PAB2.99
$4.02
A$5.20
+34.4%
Monthly public transit pass $26.48
PAB26.48
$100.86
A$130.43
+280.9%
New Volkswagen Golf 1.4 (standard edition) $18,666.67
PAB18,666.67
$19,752.66
A$25,544.08
+5.8%
Taxi trip in downtown area (5 miles) $19.50
PAB19.50
$14.63
A$18.92
-25.0%
Average +74.0%
Panama vs. Australia - Cost of transportation
Improve prices · Change currency (USD)
home

pay 76.3% more for housing

  Panama help_outline Australia help_outline  
Internet connection
50 mbps or faster, cable/dsl
 $41.49
PAB41.49
$54.94
A$71.05
+32.4%
1-Bedroom apartment in downtown area $629.63
PAB629.63
$1,058.57
A$1,368.94
+68.1%
1-Bedroom apartment outside city center $417.93
PAB417.93
$831.74
A$1,075.60
+99.0%
Utilities for two (700 sq ft apartment)
including electric, gas, water, heating
 $67.36
PAB67.36
$138.56
A$179.19
+105.7%
Average +76.3%
Panama vs. Australia - Cost of housing
Improve prices · Change currency (USD)
child_care

pay 4.7 times more for childcare

  Panama help_outline Australia help_outline  
Private preschool for 1 child, monthly $197.50
PAB197.50
$1,355.52
A$1,752.96
+586.3%
Middle school for 1 child, two semesters $4,955.26
PAB4,955.26
$12,503.04
A$16,168.89
+152.3%
Average +369.3%
Panama vs. Australia - Cost of childcare
Improve prices · Change currency (USD)
gamepad

pay 2.5 times more for entertainment and sports

  Panama help_outline Australia help_outline  
Domestic/local beer (1 pint) $1.71
PAB1.71
$5.90
A$7.64
+245.6%
Cappuccino in mid-range area $2.63
PAB2.63
$3.32
A$4.29
+26.4%
Pack of cigarettes
Marlboro or similar
 $5.53
PAB5.53
$22.58
A$29.20
+308.1%
Monthly membership at local gym $42.69
PAB42.69
$49.62
A$64.16
+16.2%
Movie ticket to theater/cinema $5.25
PAB5.25
$12.86
A$16.63
+144.9%
Average +148.2%
Panama vs. Australia - Cost of entertainment and sports
Improve prices · Change currency (USD)
store

pay 34.4% more for clothing

  Panama help_outline Australia help_outline  
Regular jeans
Levi's brand
 $43.11
PAB43.11
$70.05
A$90.59
+62.5%
Regular dress
from H&M or similar store
 $37.54
PAB37.54
$43.47
A$56.22
+15.8%
Running shoes
Nike or Adidas
 $69.37
PAB69.37
$97.68
A$126.32
+40.8%
Men's business shoes (leather) $80.53
PAB80.53
$95.39
A$123.36
+18.4%
Average +34.4%
Panama vs. Australia - Cost of clothing
Improve prices · Change currency (USD)
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: November 2020
More cost of living comparisons
Panama vs. Hong Kong
Panama vs. France
Panama vs. India
Australia vs. Italy
Australia vs. Russia
Australia vs. Tanzania
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location (Ashburn, VA, United States) to help assist us in making these comparisons more accurate. Learn more
Contribute prices for Australia
Narrow your comparison by city:
Select a city in Panama:
Select a city in Australia:
For example, try comparing the cost of living in Panama City vs. Canberra
question_answer HAVE A QUESTION? ASK THE COMMUNITY
Join the Elsewhere community and ask a question about Australia. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.