Cost of living comparison
compared to
Montenegro vs. Panama Cost of Living Summary
Montenegro is 10.8% cheaper than Panama overall.
Montenegro vs. Panama Cost Breakdown
If you lived in Montenegro instead of Panama, you would:
pay 26.0% more for restaurants
|
Panama
|
Montenegro
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.20
PAB8.20
|
$11.20
€9.97
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.90
PAB8.90
|
$9.63
€8.57
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.41
PAB1.41
|
$2.30
€2.05
|
|
| Bottle of water (11 fl. oz) |
$1.30
PAB1.30
|
$1.50
€1.34
|
|
Panama vs. Montenegro - Cost of restaurants
pay 39.0% less for groceries
|
Panama
|
Montenegro
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.28
PAB2.28
|
$1.00
€0.89
|
|
| Local cheese (8 oz) |
$6.18
PAB6.18
|
$4.31
€3.84
|
|
| Milk (1 gallon) |
$7.09
PAB7.09
|
$4.59
€4.08
|
|
|
Eggs
1 dozen
|
$2.56
PAB2.56
|
$3.07
€2.73
|
|
| Boneless chicken breast (1 lb) |
$3.42
PAB3.42
|
$3.53
€3.14
|
|
| Apples (1 lb) |
$1.86
PAB1.86
|
$0.61
€0.55
|
|
| Bananas (1 lb) |
$0.59
PAB0.59
|
$0.74
€0.66
|
|
| Oranges (1 lb) |
$1.76
PAB1.76
|
$0.68
€0.61
|
|
| Tomatoes (1 lb) |
$1.67
PAB1.67
|
$1.14
€1.01
|
|
| Potatoes (1 lb) |
$1.09
PAB1.09
|
$0.41
€0.37
|
|
| Onions (1 lb) |
$1.14
PAB1.14
|
$0.50
€0.45
|
|
Panama vs. Montenegro - Cost of groceries
pay 31.1% more for transportation
|
Panama
|
Montenegro
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.34
PAB4.34
|
$6.55
€5.83
|
|
| Monthly public transit pass |
$23.00
PAB23.00
|
$36.79
€32.75
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,920.67
PAB23,920.67
|
$29,365.51
€26,136.36
|
|
| Taxi trip in downtown area (5 miles) |
$16.62
PAB16.62
|
$9.81
€8.74
|
|
Panama vs. Montenegro - Cost of transportation
pay 20.5% less for housing
|
Panama
|
Montenegro
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$49.81
PAB49.81
|
$31.12
€27.69
|
|
| 1-Bedroom apartment in downtown area |
$789.50
PAB789.50
|
$612.92
€545.52
|
|
| 1-Bedroom apartment outside city center |
$614.84
PAB614.84
|
$466.81
€415.48
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$96.53
PAB96.53
|
$100.23
€89.21
|
|
Panama vs. Montenegro - Cost of housing
pay 19.5% less for childcare
|
Panama
|
Montenegro
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$543.33
PAB543.33
|
$358.02
€318.65
|
|
| Middle school for 1 child, two semesters |
$7,213.83
PAB7,213.83
|
$7,100.06
€6,319.31
|
|
Panama vs. Montenegro - Cost of childcare
pay 8.1% less for entertainment and sports
|
Panama
|
Montenegro
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.21
PAB2.21
|
$2.94
€2.62
|
|
| Cappuccino in mid-range area |
$3.73
PAB3.73
|
$2.53
€2.25
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.29
PAB5.29
|
$4.18
€3.72
|
|
| Monthly membership at local gym |
$50.91
PAB50.91
|
$43.64
€38.84
|
|
| Movie ticket to theater/cinema |
$6.13
PAB6.13
|
$6.10
€5.43
|
|
Panama vs. Montenegro - Cost of entertainment and sports
pay 30.6% more for clothing
|
Panama
|
Montenegro
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.56
PAB45.56
|
$84.85
€75.52
|
|
|
Regular dress
from H&M or similar store
|
$36.71
PAB36.71
|
$37.05
€32.98
|
|
|
Running shoes
Nike or Adidas
|
$69.81
PAB69.81
|
$86.45
€76.94
|
|
| Men's business shoes (leather) |
$88.33
PAB88.33
|
$110.29
€98.17
|
|
Panama vs. Montenegro - 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
Change currency:
Compare further: Panama vs. Montenegro
Salary Calculator · Free tool
What salary would you need in Montenegro?
→
Quality of Life Comparison · 19 statistics
Be 62.3% more likely to be unemployed in Montenegro
→
Size Comparison · See true size
Panama is about 5 times bigger than Montenegro.
→
Moving from Panama to Montenegro · Cost, visas & climate
Compare cost of living, salary and climate.
→
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
Ask the Elsewhere Community
Join the Elsewhere community and ask a question about Montenegro or Panama. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.