Cost of living comparison
Denmark is 73.1% more expensive than Panama.
If you lived in Denmark instead of Panama, you would:
pay 2.2 times more for restaurants
Panama
|
Denmark
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.70
PAB7.70
|
$19.31
kr135.19
|
|
Fast food combo meal
McDonalds, or similar
|
$7.45
PAB7.45
|
$12.00
kr84.03
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$3.60
kr25.19
|
|
Bottle of water (11 fl. oz) |
$1.16
PAB1.16
|
$2.73
kr19.11
|
|
pay 35.9% more for groceries
Panama
|
Denmark
|
||
---|---|---|---|
Bread
1 loaf
|
$1.94
PAB1.94
|
$2.59
kr18.16
|
|
Local cheese (8 oz) |
$5.35
PAB5.35
|
$5.70
kr39.93
|
|
Milk (1 gallon) |
$6.06
PAB6.06
|
$6.51
kr45.56
|
|
Eggs
1 dozen
|
$2.20
PAB2.20
|
$4.07
kr28.47
|
|
Boneless chicken breast (1 lb) |
$2.67
PAB2.67
|
$4.95
kr34.68
|
|
Apples (1 lb) |
$1.75
PAB1.75
|
$1.31
kr9.20
|
|
Bananas (1 lb) |
$0.55
PAB0.55
|
$1.38
kr9.64
|
|
Oranges (1 lb) |
$1.06
PAB1.06
|
$1.40
kr9.80
|
|
Tomatoes (1 lb) |
$1.23
PAB1.23
|
$1.76
kr12.35
|
|
Potatoes (1 lb) |
$0.89
PAB0.89
|
$0.84
kr5.89
|
|
Onions (1 lb) |
$0.96
PAB0.96
|
$0.78
kr5.45
|
|
pay 2.1 times more for transportation
Panama
|
Denmark
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.07
PAB4.07
|
$8.13
kr56.91
|
|
Monthly public transit pass |
$27.50
PAB27.50
|
$79.32
kr555.37
|
|
New Volkswagen Golf 1.4 (standard edition) |
$20,583.33
PAB20,583.33
|
$39,887.40
kr279,283.61
|
|
Taxi trip in downtown area (5 miles) |
$15.79
PAB15.79
|
$23.16
kr162.18
|
|
pay 51.8% more for housing
Panama
|
Denmark
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$49.92
PAB49.92
|
$32.80
kr229.69
|
|
1-Bedroom apartment in downtown area |
$696.35
PAB696.35
|
$904.62
kr6,333.95
|
|
1-Bedroom apartment outside city center |
$440.76
PAB440.76
|
$690.34
kr4,833.60
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$62.88
PAB62.88
|
$160.35
kr1,122.70
|
|
pay 30.9% more for childcare
Panama
|
Denmark
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$228.54
PAB228.54
|
$419.05
kr2,934.08
|
|
Middle school for 1 child, two semesters |
$6,185.93
PAB6,185.93
|
$4,842.90
kr33,909.02
|
|
pay 2.2 times more for entertainment and sports
Panama
|
Denmark
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.75
PAB1.75
|
$6.81
kr47.67
|
|
Cappuccino in mid-range area |
$3.22
PAB3.22
|
$5.17
kr36.18
|
|
Pack of cigarettes
Marlboro or similar
|
$5.43
PAB5.43
|
$8.52
kr59.66
|
|
Monthly membership at local gym |
$45.25
PAB45.25
|
$36.38
kr254.71
|
|
Movie ticket to theater/cinema |
$4.88
PAB4.88
|
$15.61
kr109.33
|
|
pay 44.1% more for clothing
Panama
|
Denmark
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$48.38
PAB48.38
|
$97.12
kr680.03
|
|
Regular dress
from H&M or similar store
|
$38.88
PAB38.88
|
$42.49
kr297.49
|
|
Running shoes
Nike or Adidas
|
$82.05
PAB82.05
|
$98.35
kr688.61
|
|
Men's business shoes (leather) |
$94.12
PAB94.12
|
$137.97
kr966.06
|
|
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