Cost of living comparison
compared to
Italy vs. Panama Cost of Living Summary
Italy is 19.0% more expensive than Panama overall.
Italy vs. Panama Cost Breakdown
If you lived in Italy instead of Panama, you would:
pay 72.6% more for restaurants
|
Panama
|
Italy
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.20
PAB8.20
|
$18.81
€16.74
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.90
PAB8.90
|
$11.59
€10.31
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.41
PAB1.41
|
$2.95
€2.62
|
|
| Bottle of water (11 fl. oz) |
$1.30
PAB1.30
|
$1.38
€1.23
|
|
Panama vs. Italy - Cost of restaurants
pay 0.6% less for groceries
|
Panama
|
Italy
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.28
PAB2.28
|
$2.19
€1.95
|
|
| Local cheese (8 oz) |
$6.18
PAB6.18
|
$8.58
€7.64
|
|
| Milk (1 gallon) |
$7.09
PAB7.09
|
$5.84
€5.20
|
|
|
Eggs
1 dozen
|
$2.56
PAB2.56
|
$4.02
€3.58
|
|
| Boneless chicken breast (1 lb) |
$3.42
PAB3.42
|
$5.65
€5.02
|
|
| Apples (1 lb) |
$1.86
PAB1.86
|
$1.15
€1.02
|
|
| Bananas (1 lb) |
$0.59
PAB0.59
|
$0.96
€0.85
|
|
| Oranges (1 lb) |
$1.76
PAB1.76
|
$1.19
€1.06
|
|
| Tomatoes (1 lb) |
$1.67
PAB1.67
|
$1.45
€1.29
|
|
| Potatoes (1 lb) |
$1.09
PAB1.09
|
$0.86
€0.76
|
|
| Onions (1 lb) |
$1.14
PAB1.14
|
$0.81
€0.72
|
|
Panama vs. Italy - Cost of groceries
pay 63.7% more for transportation
|
Panama
|
Italy
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.34
PAB4.34
|
$7.75
€6.90
|
|
| Monthly public transit pass |
$23.00
PAB23.00
|
$43.51
€38.72
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,920.67
PAB23,920.67
|
$34,598.57
€30,793.97
|
|
| Taxi trip in downtown area (5 miles) |
$16.62
PAB16.62
|
$20.27
€18.04
|
|
Panama vs. Italy - Cost of transportation
pay 1.7% less for housing
|
Panama
|
Italy
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$49.81
PAB49.81
|
$30.01
€26.71
|
|
| 1-Bedroom apartment in downtown area |
$789.50
PAB789.50
|
$723.52
€643.96
|
|
| 1-Bedroom apartment outside city center |
$614.84
PAB614.84
|
$562.80
€500.92
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$96.53
PAB96.53
|
$162.38
€144.52
|
|
Panama vs. Italy - Cost of housing
pay 20.7% more for childcare
|
Panama
|
Italy
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$543.33
PAB543.33
|
$542.33
€482.69
|
|
| Middle school for 1 child, two semesters |
$7,213.83
PAB7,213.83
|
$10,535.75
€9,377.19
|
|
Panama vs. Italy - Cost of childcare
pay 26.4% more for entertainment and sports
|
Panama
|
Italy
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.21
PAB2.21
|
$5.64
€5.02
|
|
| Cappuccino in mid-range area |
$3.73
PAB3.73
|
$1.96
€1.74
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.29
PAB5.29
|
$6.73
€5.99
|
|
| Monthly membership at local gym |
$50.91
PAB50.91
|
$55.93
€49.78
|
|
| Movie ticket to theater/cinema |
$6.13
PAB6.13
|
$10.26
€9.13
|
|
Panama vs. Italy - Cost of entertainment and sports
pay 42.2% more for clothing
|
Panama
|
Italy
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.56
PAB45.56
|
$86.42
€76.92
|
|
|
Regular dress
from H&M or similar store
|
$36.71
PAB36.71
|
$38.24
€34.03
|
|
|
Running shoes
Nike or Adidas
|
$69.81
PAB69.81
|
$99.86
€88.88
|
|
| Men's business shoes (leather) |
$88.33
PAB88.33
|
$127.82
€113.76
|
|
Panama vs. Italy - Cost of clothing
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
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Compare further: Panama vs. Italy
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Moving from Panama to Italy · OECD 2023
42 people moved from Panama to Italy.
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