Cost of living comparison
South Korea is 28.2% more expensive than Panama.
If you lived in South Korea instead of Panama, you would:
pay 25.2% less for restaurants
Panama
|
South Korea
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.70
PAB7.70
|
$6.13
₩8,242
|
|
Fast food combo meal
McDonalds, or similar
|
$7.45
PAB7.45
|
$5.18
₩6,964
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$1.41
₩1,891
|
|
Bottle of water (11 fl. oz) |
$1.16
PAB1.16
|
$0.67
₩907
|
|
pay 65.3% more for groceries
Panama
|
South Korea
|
||
---|---|---|---|
Bread
1 loaf
|
$1.94
PAB1.94
|
$2.74
₩3,688
|
|
Local cheese (8 oz) |
$5.35
PAB5.35
|
$8.12
₩10,917
|
|
Milk (1 gallon) |
$6.06
PAB6.06
|
$7.20
₩9,682
|
|
Eggs
1 dozen
|
$2.20
PAB2.20
|
$2.73
₩3,673
|
|
Boneless chicken breast (1 lb) |
$2.67
PAB2.67
|
$3.58
₩4,820
|
|
Apples (1 lb) |
$1.75
PAB1.75
|
$2.90
₩3,894
|
|
Bananas (1 lb) |
$0.55
PAB0.55
|
$1.51
₩2,030
|
|
Oranges (1 lb) |
$1.06
PAB1.06
|
$2.66
₩3,579
|
|
Tomatoes (1 lb) |
$1.23
PAB1.23
|
$2.29
₩3,083
|
|
Potatoes (1 lb) |
$0.89
PAB0.89
|
$1.40
₩1,878
|
|
Onions (1 lb) |
$0.96
PAB0.96
|
$1.08
₩1,457
|
|
pay 19.6% more for transportation
Panama
|
South Korea
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.07
PAB4.07
|
$4.92
₩6,622
|
|
Monthly public transit pass |
$27.50
PAB27.50
|
$43.73
₩58,798
|
|
New Volkswagen Golf 1.4 (standard edition) |
$20,583.33
PAB20,583.33
|
$28,660.56
₩38,536,984
|
|
Taxi trip in downtown area (5 miles) |
$15.79
PAB15.79
|
$9.34
₩12,553
|
|
pay 14.0% less for housing
Panama
|
South Korea
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$49.92
PAB49.92
|
$21.09
₩28,356
|
|
1-Bedroom apartment in downtown area |
$696.35
PAB696.35
|
$392.42
₩527,651
|
|
1-Bedroom apartment outside city center |
$440.76
PAB440.76
|
$302.43
₩406,647
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$62.88
PAB62.88
|
$111.18
₩149,488
|
|
pay 2.3 times more for childcare
Panama
|
South Korea
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$228.54
PAB228.54
|
$342.96
₩461,138
|
|
Middle school for 1 child, two semesters |
$6,185.93
PAB6,185.93
|
$18,987.50
₩25,530,593
|
|
pay 22.6% more for entertainment and sports
Panama
|
South Korea
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.75
PAB1.75
|
$2.92
₩3,924
|
|
Cappuccino in mid-range area |
$3.22
PAB3.22
|
$3.29
₩4,423
|
|
Pack of cigarettes
Marlboro or similar
|
$5.43
PAB5.43
|
$3.45
₩4,639
|
|
Monthly membership at local gym |
$45.25
PAB45.25
|
$44.03
₩59,198
|
|
Movie ticket to theater/cinema |
$4.88
PAB4.88
|
$8.93
₩12,001
|
|
pay 0.9% more for clothing
Panama
|
South Korea
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$48.38
PAB48.38
|
$48.44
₩65,135
|
|
Regular dress
from H&M or similar store
|
$38.88
PAB38.88
|
$44.60
₩59,968
|
|
Running shoes
Nike or Adidas
|
$82.05
PAB82.05
|
$75.46
₩101,460
|
|
Men's business shoes (leather) |
$94.12
PAB94.12
|
$91.03
₩122,404
|
|
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