Cost of living comparison
Italy is 21.1% more expensive than Panama.
If you lived in Italy instead of Panama, you would:
pay 27.9% more for restaurants
|
Panama
|
Italy
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$7.60
PAB7.60
|
$14.35
€12.58
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.15
PAB7.15
|
$8.28
€7.26
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.68
PAB1.68
|
$2.18
€1.92
|
|
| Bottle of water (11 fl. oz) |
$1.40
PAB1.40
|
$1.09
€0.95
|
|
pay 5.4% less for groceries
|
Panama
|
Italy
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.03
PAB2.03
|
$1.63
€1.43
|
|
| Local cheese (8 oz) |
$5.67
PAB5.67
|
$6.40
€5.61
|
|
| Milk (1 gallon) |
$6.13
PAB6.13
|
$4.35
€3.81
|
|
|
Eggs
1 dozen
|
$2.09
PAB2.09
|
$2.89
€2.53
|
|
| Boneless chicken breast (1 lb) |
$3.01
PAB3.01
|
$4.02
€3.53
|
|
| Apples (1 lb) |
$1.72
PAB1.72
|
$0.85
€0.75
|
|
| Bananas (1 lb) |
$0.56
PAB0.56
|
$0.76
€0.67
|
|
| Oranges (1 lb) |
$0.98
PAB0.98
|
$0.86
€0.75
|
|
| Tomatoes (1 lb) |
$1.21
PAB1.21
|
$1.05
€0.92
|
|
| Potatoes (1 lb) |
$0.87
PAB0.87
|
$0.60
€0.53
|
|
| Onions (1 lb) |
$0.88
PAB0.88
|
$0.65
€0.57
|
|
pay 38.8% more for transportation
|
Panama
|
Italy
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.77
PAB3.77
|
$8.47
€7.43
|
|
| Monthly public transit pass |
$30.14
PAB30.14
|
$36.88
€32.34
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$20,416.67
PAB20,416.67
|
$23,486.94
€20,595.73
|
|
| Taxi trip in downtown area (5 miles) |
$18.20
PAB18.20
|
$16.94
€14.86
|
|
pay 1.7% less for housing
|
Panama
|
Italy
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$51.06
PAB51.06
|
$29.40
€25.78
|
|
| 1-Bedroom apartment in downtown area |
$744.83
PAB744.83
|
$560.05
€491.11
|
|
| 1-Bedroom apartment outside city center |
$422.47
PAB422.47
|
$428.17
€375.46
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$83.26
PAB83.26
|
$132.43
€116.13
|
|
pay 9.8% more for childcare
|
Panama
|
Italy
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$408.75
PAB408.75
|
$431.71
€378.57
|
|
| Middle school for 1 child, two semesters |
$8,339.33
PAB8,339.33
|
$9,518.89
€8,347.12
|
|
pay 53.2% more for entertainment and sports
|
Panama
|
Italy
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.85
PAB1.85
|
$4.48
€3.93
|
|
| Cappuccino in mid-range area |
$2.94
PAB2.94
|
$1.48
€1.30
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.33
PAB5.33
|
$5.97
€5.24
|
|
| Monthly membership at local gym |
$31.46
PAB31.46
|
$48.62
€42.63
|
|
| Movie ticket to theater/cinema |
$4.27
PAB4.27
|
$8.84
€7.75
|
|
pay 25.4% more for clothing
|
Panama
|
Italy
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.14
PAB45.14
|
$72.84
€63.88
|
|
|
Regular dress
from H&M or similar store
|
$41.78
PAB41.78
|
$34.55
€30.29
|
|
|
Running shoes
Nike or Adidas
|
$68.21
PAB68.21
|
$82.76
€72.58
|
|
| Men's business shoes (leather) |
$78.97
PAB78.97
|
$107.74
€94.48
|
|
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