Cost of living comparison

compared to

Guinea vs. Panama Cost of Living Summary

Guinea is 0.4% cheaper than Panama overall.

Restaurants: pay 4.0% more in Guinea
Groceries: pay 1.4% more in Guinea
Transportation: pay 10.2% more in Guinea
Housing: pay 66.1% more in Guinea
Childcare: pay 32.4% less in Guinea
Entertainment and Sports: pay 3.1% less in Guinea
Clothing: pay 49.1% less in Guinea

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

Guinea vs. Panama Cost Breakdown

If you lived in Guinea instead of Panama, you would:

Display currency: USD

pay 4.0% more for restaurants

	Panama	Guinea
Basic meal with drink at inexpensive restaurant	$8.35 PAB8.35	$5.00 GNF43,446	-40.1%
Fast food combo meal McDonalds, or similar	$7.75 PAB7.75	$10.77 GNF93,622	+39.0%
Bottle of Coca-Cola (11 fl. oz)	$1.37 PAB1.37	$1.62 GNF14,076	+18.0%
Bottle of water (11 fl. oz)	$1.21 PAB1.21	$1.20 GNF10,427	-0.8%
Average			+4.0%

Panama vs. Guinea - Cost of restaurants

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pay 1.4% more for groceries

	Panama	Guinea
Bread 1 loaf	$2.21 PAB2.21	$1.32 GNF11,477	-40.3%
Local cheese (8 oz)	$6.02 PAB6.02	$9.28 GNF80,629	+54.1%
Milk (1 gallon)	$6.86 PAB6.86	$8.22 GNF71,395	+19.8%
Eggs 1 dozen	$2.47 PAB2.47	$3.95 GNF34,287	+59.8%
Boneless chicken breast (1 lb)	$3.58 PAB3.58	$2.83 GNF24,634	-20.8%
Apples (1 lb)	$2.13 PAB2.13	$1.27 GNF11,057	-40.4%
Bananas (1 lb)	$0.60 PAB0.60	$1.11 GNF9,606	+84.7%
Oranges (1 lb)	$1.40 PAB1.40	$0.92 GNF7,985	-34.6%
Tomatoes (1 lb)	$1.51 PAB1.51	$1.28 GNF11,151	-14.7%
Potatoes (1 lb)	$0.96 PAB0.96	$0.72 GNF6,272	-24.7%
Onions (1 lb)	$0.99 PAB0.99	$0.72 GNF6,272	-27.2%
Average			+1.4%

Panama vs. Guinea - Cost of groceries

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pay 10.2% more for transportation

	Panama	Guinea
Gasoline (1 gallon)	$3.87 PAB3.87	$5.26 GNF45,716	+36.1%
Monthly public transit pass	$23.75 PAB23.75	$28.49 GNF247,556	+20.0%
New Volkswagen Golf 1.4 (standard edition)	$23,416.67 PAB23,416.67	$33,000.00 GNF286,744,750	+40.9%
Taxi trip in downtown area (5 miles)	$20.20 PAB20.20	$8.87 GNF77,032	-56.1%
Average			+10.2%

Panama vs. Guinea - Cost of transportation

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pay 66.1% more for housing

	Panama	Guinea
Internet connection 50 mbps or faster, cable/dsl	$48.39 PAB48.39	$185.16 GNF1,608,869	+282.6%
1-Bedroom apartment in downtown area	$765.94 PAB765.94	$630.52 GNF5,478,696	-17.7%
1-Bedroom apartment outside city center	$630.77 PAB630.77	$317.99 GNF2,763,082	-49.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$89.09 PAB89.09	$132.79 GNF1,153,806	+49.1%
Average			+66.1%

Panama vs. Guinea - Cost of housing

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pay 32.4% less for childcare

	Panama	Guinea
Private preschool for 1 child, monthly	$363.00 PAB363.00	??
Middle school for 1 child, two semesters	$9,411.11 PAB9,411.11	$6,362.45 GNF55,284,830	-32.4%
Average			-32.4%

Panama vs. Guinea - Cost of childcare

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pay 3.1% less for entertainment and sports

	Panama	Guinea
Domestic/local beer (1 pint)	$1.95 PAB1.95	$2.50 GNF21,723	+28.2%
Cappuccino in mid-range area	$3.54 PAB3.54	$3.32 GNF28,807	-6.4%
Pack of cigarettes Marlboro or similar	$5.48 PAB5.48	$1.16 GNF10,101	-78.8%
Monthly membership at local gym	$51.47 PAB51.47	$89.25 GNF775,508	+73.4%
Movie ticket to theater/cinema	$5.97 PAB5.97	$4.05 GNF35,206	-32.1%
Average			-3.1%

Panama vs. Guinea - Cost of entertainment and sports

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pay 49.1% less for clothing

	Panama	Guinea
Regular jeans Levi's brand	$43.33 PAB43.33	$20.00 GNF173,785	-53.8%
Regular dress from H&M or similar store	$34.17 PAB34.17	$25.00 GNF217,231	-26.8%
Running shoes Nike or Adidas	$80.40 PAB80.40	$30.00 GNF260,677	-62.7%
Men's business shoes (leather)	$106.46 PAB106.46	$50.00 GNF434,462	-53.0%
Average			-49.1%

Panama vs. Guinea - Cost of clothing

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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: December 2025

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