Cost of living comparison

Serbia

compared to

Panama

Panama vs. Serbia Cost of Living Summary

Panama is 39.8% more expensive than Serbia overall.

Restaurants: pay 10.5% less in Panama
Groceries: pay 82.7% more in Panama
Transportation: pay 18.0% less in Panama
Housing: pay 98.4% more in Panama
Childcare: pay 45.5% more in Panama
Entertainment and Sports: pay 33.3% more in Panama
Clothing: pay 31.2% less in Panama

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

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Panama vs. Serbia Cost Breakdown

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

Display currency: USD

pay 10.5% less for restaurants

	Serbia	Panama
Basic meal with drink at inexpensive restaurant	$8.70 RSD909	$8.20 PAB8.20	-5.8%
Fast food combo meal McDonalds, or similar	$9.63 RSD1,006	$8.90 PAB8.90	-7.6%
Bottle of Coca-Cola (11 fl. oz)	$2.05 RSD215	$1.41 PAB1.41	-31.4%
Bottle of water (11 fl. oz)	$1.58 RSD165	$1.30 PAB1.30	-17.2%
Average			-10.5%

Serbia vs. Panama - Cost of restaurants

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pay 82.7% more for groceries

	Serbia	Panama
Bread 1 loaf	$0.78 RSD81	$2.28 PAB2.28	+194.2%
Local cheese (8 oz)	$4.54 RSD475	$6.18 PAB6.18	+36.1%
Milk (1 gallon)	$4.83 RSD505	$7.09 PAB7.09	+46.7%
Eggs 1 dozen	$2.32 RSD242	$2.56 PAB2.56	+10.2%
Boneless chicken breast (1 lb)	$2.82 RSD295	$3.42 PAB3.42	+21.1%
Apples (1 lb)	$0.56 RSD58	$1.86 PAB1.86	+232.1%
Bananas (1 lb)	$0.78 RSD81	$0.59 PAB0.59	-23.9%
Oranges (1 lb)	$0.72 RSD75	$1.76 PAB1.76	+145.6%
Tomatoes (1 lb)	$1.00 RSD104	$1.67 PAB1.67	+67.4%
Potatoes (1 lb)	$0.41 RSD43	$1.09 PAB1.09	+164.1%
Onions (1 lb)	$0.32 RSD34	$1.14 PAB1.14	+252.4%
Average			+82.7%

Serbia vs. Panama - Cost of groceries

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pay 18.0% less for transportation

	Serbia	Panama
Gasoline (1 gallon)	$6.92 RSD724	$4.34 PAB4.34	-37.3%
Monthly public transit pass	$25.68 RSD2,684	$23.00 PAB23.00	-10.4%
New Volkswagen Golf 1.4 (standard edition)	$29,965.17 RSD3M	$23,920.67 PAB23,920.67	-20.2%
Taxi trip in downtown area (5 miles)	$9.06 RSD947	$16.62 PAB16.62	+83.4%
Average			-18.0%

Serbia vs. Panama - Cost of transportation

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pay 98.4% more for housing

	Serbia	Panama
Internet connection 50 mbps or faster, cable/dsl	$26.71 RSD2,792	$49.81 PAB49.81	+86.5%
1-Bedroom apartment in downtown area	$340.23 RSD35,559	$789.50 PAB789.50	+132.1%
1-Bedroom apartment outside city center	$248.38 RSD25,959	$614.84 PAB614.84	+147.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$130.61 RSD13,650	$96.53 PAB96.53	-26.1%
Average			+98.4%

Serbia vs. Panama - Cost of housing

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pay 45.5% more for childcare

	Serbia	Panama
Private preschool for 1 child, monthly	$258.66 RSD27,033	$543.33 PAB543.33	+110.1%
Middle school for 1 child, two semesters	$7,159.32 RSD748K	$7,213.83 PAB7,213.83	+0.8%
Average			+45.5%

Serbia vs. Panama - Cost of childcare

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pay 33.3% more for entertainment and sports

	Serbia	Panama
Domestic/local beer (1 pint)	$2.55 RSD267	$2.21 PAB2.21	-13.4%
Cappuccino in mid-range area	$1.92 RSD200	$3.73 PAB3.73	+94.5%
Pack of cigarettes Marlboro or similar	$4.33 RSD453	$5.29 PAB5.29	+22.1%
Monthly membership at local gym	$29.21 RSD3,053	$50.91 PAB50.91	+74.3%
Movie ticket to theater/cinema	$5.57 RSD582	$6.13 PAB6.13	+10.2%
Average			+33.3%

Serbia vs. Panama - Cost of entertainment and sports

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pay 31.2% less for clothing

	Serbia	Panama
Regular jeans Levi's brand	$82.25 RSD8,596	$45.56 PAB45.56	-44.6%
Regular dress from H&M or similar store	$45.18 RSD4,721	$36.71 PAB36.71	-18.7%
Running shoes Nike or Adidas	$105.67 RSD11,044	$69.81 PAB69.81	-33.9%
Men's business shoes (leather)	$117.40 RSD12,270	$88.33 PAB88.33	-24.8%
Average			-31.2%

Serbia vs. Panama - 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: Serbia vs. Panama

Salary Calculator · Free tool

What salary would you need in Panama?

Quality of Life Comparison · 19 statistics

Make 29.7% more money in Panama

Size Comparison · See true size

Serbia is around the same size as Panama.

Moving from Serbia to Panama · UN DESA 2020

31 people born in Serbia live in Panama.

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