Cost of living comparison
compared to
Latvia vs. Panama Cost of Living Summary
Latvia is 16.3% cheaper than Panama overall.
Latvia vs. Panama Cost Breakdown
If you lived in Latvia instead of Panama, you would:
pay 14.1% more for restaurants
|
Panama
|
Latvia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.20
PAB8.20
|
$11.94
€10.63
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.90
PAB8.90
|
$8.15
€7.25
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.41
PAB1.41
|
$1.51
€1.35
|
|
| Bottle of water (11 fl. oz) |
$1.30
PAB1.30
|
$1.14
€1.01
|
|
Panama vs. Latvia - Cost of restaurants
pay 31.8% less for groceries
|
Panama
|
Latvia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.28
PAB2.28
|
$1.29
€1.15
|
|
| Local cheese (8 oz) |
$6.18
PAB6.18
|
$5.22
€4.65
|
|
| Milk (1 gallon) |
$7.09
PAB7.09
|
$4.36
€3.88
|
|
|
Eggs
1 dozen
|
$2.56
PAB2.56
|
$3.19
€2.84
|
|
| Boneless chicken breast (1 lb) |
$3.42
PAB3.42
|
$3.48
€3.09
|
|
| Apples (1 lb) |
$1.86
PAB1.86
|
$0.85
€0.76
|
|
| Bananas (1 lb) |
$0.59
PAB0.59
|
$0.80
€0.71
|
|
| Oranges (1 lb) |
$1.76
PAB1.76
|
$1.09
€0.97
|
|
| Tomatoes (1 lb) |
$1.67
PAB1.67
|
$1.31
€1.16
|
|
| Potatoes (1 lb) |
$1.09
PAB1.09
|
$0.39
€0.35
|
|
| Onions (1 lb) |
$1.14
PAB1.14
|
$0.42
€0.37
|
|
Panama vs. Latvia - Cost of groceries
pay 31.0% more for transportation
|
Panama
|
Latvia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.34
PAB4.34
|
$7.10
€6.32
|
|
| Monthly public transit pass |
$23.00
PAB23.00
|
$38.26
€34.05
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,920.67
PAB23,920.67
|
$26,434.34
€23,527.52
|
|
| Taxi trip in downtown area (5 miles) |
$16.62
PAB16.62
|
$9.18
€8.17
|
|
Panama vs. Latvia - Cost of transportation
pay 44.0% less for housing
|
Panama
|
Latvia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$49.81
PAB49.81
|
$17.53
€15.60
|
|
| 1-Bedroom apartment in downtown area |
$789.50
PAB789.50
|
$356.67
€317.45
|
|
| 1-Bedroom apartment outside city center |
$614.84
PAB614.84
|
$264.56
€235.47
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$96.53
PAB96.53
|
$227.24
€202.25
|
|
Panama vs. Latvia - Cost of housing
pay 38.8% more for childcare
|
Panama
|
Latvia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$543.33
PAB543.33
|
$488.72
€434.98
|
|
| Middle school for 1 child, two semesters |
$7,213.83
PAB7,213.83
|
$15,452.35
€13,753.15
|
|
Panama vs. Latvia - Cost of childcare
pay 21.9% more for entertainment and sports
|
Panama
|
Latvia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.21
PAB2.21
|
$4.53
€4.03
|
|
| Cappuccino in mid-range area |
$3.73
PAB3.73
|
$3.14
€2.79
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.29
PAB5.29
|
$6.10
€5.43
|
|
| Monthly membership at local gym |
$50.91
PAB50.91
|
$42.36
€37.70
|
|
| Movie ticket to theater/cinema |
$6.13
PAB6.13
|
$9.96
€8.87
|
|
Panama vs. Latvia - Cost of entertainment and sports
pay 24.5% more for clothing
|
Panama
|
Latvia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.56
PAB45.56
|
$66.25
€58.97
|
|
|
Regular dress
from H&M or similar store
|
$36.71
PAB36.71
|
$39.10
€34.80
|
|
|
Running shoes
Nike or Adidas
|
$69.81
PAB69.81
|
$77.76
€69.21
|
|
| Men's business shoes (leather) |
$88.33
PAB88.33
|
$123.17
€109.63
|
|
Panama vs. Latvia - 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. Latvia
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Make 33.0% more money in Latvia
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Size Comparison · See true size
Panama is about 1.2 times bigger than Latvia.
→
Moving from Panama to Latvia · OECD 2017
1 people moved from Panama to Latvia.
→
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