Cost of living comparison

Panama

compared to

Slovakia

Slovakia vs. Panama Cost of Living Summary

Slovakia is 4.1% cheaper than Panama overall.

Restaurants: pay 7.3% more in Slovakia
Groceries: pay 23.0% less in Slovakia
Transportation: pay 24.3% more in Slovakia
Housing: pay 12.0% less in Slovakia
Childcare: pay 13.5% more in Slovakia
Entertainment and Sports: pay 0.4% more in Slovakia
Clothing: pay 12.4% more in Slovakia

The cost of transportation, childcare, clothing, restaurants, and entertainment and sports in Slovakia are more expensive than in Panama. Expenses including groceries and housing are lower in Slovakia.

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Slovakia vs. Panama Cost Breakdown

If you lived in Slovakia instead of Panama, you would:

Display currency: USD

pay 7.3% more for restaurants

	Panama	Slovakia
Basic meal with drink at inexpensive restaurant	$8.20 PAB8.20	$8.84 €7.87	+7.8%
Fast food combo meal McDonalds, or similar	$8.90 PAB8.90	$8.92 €7.94	+0.2%
Bottle of Coca-Cola (11 fl. oz)	$1.41 PAB1.41	$1.86 €1.66	+32.3%
Bottle of water (11 fl. oz)	$1.30 PAB1.30	$1.41 €1.26	+8.2%
Average			+7.3%

Panama vs. Slovakia - Cost of restaurants

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pay 23.0% less for groceries

	Panama	Slovakia
Bread 1 loaf	$2.28 PAB2.28	$1.40 €1.25	-38.5%
Local cheese (8 oz)	$6.18 PAB6.18	$5.92 €5.27	-4.3%
Milk (1 gallon)	$7.09 PAB7.09	$3.92 €3.49	-44.6%
Eggs 1 dozen	$2.56 PAB2.56	$3.72 €3.31	+45.4%
Boneless chicken breast (1 lb)	$3.42 PAB3.42	$3.31 €2.94	-3.3%
Apples (1 lb)	$1.86 PAB1.86	$0.83 €0.74	-55.1%
Bananas (1 lb)	$0.59 PAB0.59	$0.84 €0.75	+41.9%
Oranges (1 lb)	$1.76 PAB1.76	$1.03 €0.92	-41.5%
Tomatoes (1 lb)	$1.67 PAB1.67	$1.75 €1.56	+4.9%
Potatoes (1 lb)	$1.09 PAB1.09	$0.61 €0.54	-44.0%
Onions (1 lb)	$1.14 PAB1.14	$0.64 €0.57	-43.6%
Average			-23.0%

Panama vs. Slovakia - Cost of groceries

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pay 24.3% more for transportation

	Panama	Slovakia
Gasoline (1 gallon)	$4.34 PAB4.34	$6.85 €6.10	+57.9%
Monthly public transit pass	$23.00 PAB23.00	$29.63 €26.37	+28.8%
New Volkswagen Golf 1.4 (standard edition)	$23,920.67 PAB23,920.67	$25,866.96 €23,022.52	+8.1%
Taxi trip in downtown area (5 miles)	$16.62 PAB16.62	$12.42 €11.06	-25.2%
Average			+24.3%

Panama vs. Slovakia - Cost of transportation

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pay 12.0% less for housing

	Panama	Slovakia
Internet connection 50 mbps or faster, cable/dsl	$49.81 PAB49.81	$19.25 €17.14	-61.3%
1-Bedroom apartment in downtown area	$789.50 PAB789.50	$608.23 €541.35	-23.0%
1-Bedroom apartment outside city center	$614.84 PAB614.84	$502.60 €447.34	-18.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$96.53 PAB96.53	$194.53 €173.14	+101.5%
Average			-12.0%

Panama vs. Slovakia - Cost of housing

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pay 13.5% more for childcare

	Panama	Slovakia
Private preschool for 1 child, monthly	$543.33 PAB543.33	$469.66 €418.02	-13.6%
Middle school for 1 child, two semesters	$7,213.83 PAB7,213.83	$10,742.31 €9,561.04	+48.9%
Average			+13.5%

Panama vs. Slovakia - Cost of childcare

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pay 0.4% more for entertainment and sports

	Panama	Slovakia
Domestic/local beer (1 pint)	$2.21 PAB2.21	$2.27 €2.02	+2.9%
Cappuccino in mid-range area	$3.73 PAB3.73	$2.69 €2.40	-27.8%
Pack of cigarettes Marlboro or similar	$5.29 PAB5.29	$6.08 €5.41	+14.9%
Monthly membership at local gym	$50.91 PAB50.91	$42.98 €38.25	-15.6%
Movie ticket to theater/cinema	$6.13 PAB6.13	$8.85 €7.88	+44.3%
Average			+0.4%

Panama vs. Slovakia - Cost of entertainment and sports

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pay 12.4% more for clothing

	Panama	Slovakia
Regular jeans Levi's brand	$45.56 PAB45.56	$68.85 €61.28	+51.1%
Regular dress from H&M or similar store	$36.71 PAB36.71	$34.33 €30.56	-6.5%
Running shoes Nike or Adidas	$69.81 PAB69.81	$79.79 €71.02	+14.3%
Men's business shoes (leather)	$88.33 PAB88.33	$87.22 €77.63	-1.3%
Average			+12.4%

Panama vs. Slovakia - Cost of clothing

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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

Compare further: Panama vs. Slovakia

Salary Calculator · Free tool

What salary would you need in Slovakia?

Quality of Life Comparison · 22 statistics

Make 44.2% more money in Slovakia

Size Comparison · See true size

Panama is about 1.5 times bigger than Slovakia.

Moving from Panama to Slovakia · UN DESA 2020

14 people born in Panama live in Slovakia.

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