Cost of living comparison
Italy is 39.0% more expensive than Panama.
If you lived in Italy instead of Panama, you would:
pay 46.5% more for restaurants
|
Panama
|
Italy
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$7.70
PAB7.70
|
$15.74
€14.38
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.45
PAB7.45
|
$9.09
€8.30
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$2.45
€2.23
|
|
| Bottle of water (11 fl. oz) |
$1.16
PAB1.16
|
$1.16
€1.06
|
|
pay 5.6% more for groceries
|
Panama
|
Italy
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.94
PAB1.94
|
$1.86
€1.70
|
|
| Local cheese (8 oz) |
$5.35
PAB5.35
|
$7.20
€6.58
|
|
| Milk (1 gallon) |
$6.06
PAB6.06
|
$4.88
€4.46
|
|
|
Eggs
1 dozen
|
$2.20
PAB2.20
|
$3.14
€2.87
|
|
| Boneless chicken breast (1 lb) |
$2.67
PAB2.67
|
$4.47
€4.08
|
|
| Apples (1 lb) |
$1.75
PAB1.75
|
$0.96
€0.88
|
|
| Bananas (1 lb) |
$0.55
PAB0.55
|
$0.84
€0.77
|
|
| Oranges (1 lb) |
$1.06
PAB1.06
|
$0.94
€0.86
|
|
| Tomatoes (1 lb) |
$1.23
PAB1.23
|
$1.20
€1.10
|
|
| Potatoes (1 lb) |
$0.89
PAB0.89
|
$0.65
€0.59
|
|
| Onions (1 lb) |
$0.96
PAB0.96
|
$0.71
€0.65
|
|
pay 45.2% more for transportation
|
Panama
|
Italy
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.07
PAB4.07
|
$8.02
€7.33
|
|
| Monthly public transit pass |
$27.50
PAB27.50
|
$38.40
€35.08
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$20,583.33
PAB20,583.33
|
$25,887.08
€23,649.14
|
|
| Taxi trip in downtown area (5 miles) |
$15.79
PAB15.79
|
$18.65
€17.04
|
|
pay 25.3% more for housing
|
Panama
|
Italy
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$49.92
PAB49.92
|
$30.75
€28.09
|
|
| 1-Bedroom apartment in downtown area |
$696.35
PAB696.35
|
$608.10
€555.53
|
|
| 1-Bedroom apartment outside city center |
$440.76
PAB440.76
|
$488.80
€446.55
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$62.88
PAB62.88
|
$151.72
€138.60
|
|
pay 78.2% more for childcare
|
Panama
|
Italy
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$228.54
PAB228.54
|
$459.30
€419.59
|
|
| Middle school for 1 child, two semesters |
$6,185.93
PAB6,185.93
|
$9,604.44
€8,774.13
|
|
pay 49.4% more for entertainment and sports
|
Panama
|
Italy
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.75
PAB1.75
|
$4.83
€4.41
|
|
| Cappuccino in mid-range area |
$3.22
PAB3.22
|
$1.60
€1.46
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.43
PAB5.43
|
$6.30
€5.76
|
|
| Monthly membership at local gym |
$45.25
PAB45.25
|
$51.79
€47.31
|
|
| Movie ticket to theater/cinema |
$4.88
PAB4.88
|
$9.32
€8.52
|
|
pay 22.8% more for clothing
|
Panama
|
Italy
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$48.38
PAB48.38
|
$80.37
€73.42
|
|
|
Regular dress
from H&M or similar store
|
$38.88
PAB38.88
|
$36.54
€33.38
|
|
|
Running shoes
Nike or Adidas
|
$82.05
PAB82.05
|
$89.56
€81.81
|
|
| Men's business shoes (leather) |
$94.12
PAB94.12
|
$114.84
€104.91
|
|
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