Cost of living comparison

compared to

Panama vs. Serbia Cost of Living Summary

Panama is 26.1% more expensive than Serbia overall.

Restaurants: pay 17.2% less in Panama
Groceries: pay 84.4% more in Panama
Transportation: pay 13.6% more in Panama
Housing: pay 62.1% more in Panama
Childcare: pay 38.5% more in Panama
Entertainment and Sports: pay 29.2% more in Panama
Clothing: pay 27.7% less in Panama

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

Panama vs. Serbia Cost Breakdown

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

Display currency: USD

pay 17.2% less for restaurants

	Serbia	Panama
Basic meal with drink at inexpensive restaurant	$8.22 RSD832	$8.35 PAB8.35	+1.5%
Fast food combo meal McDonalds, or similar	$9.48 RSD959	$7.75 PAB7.75	-18.2%
Bottle of Coca-Cola (11 fl. oz)	$2.10 RSD212	$1.37 PAB1.37	-34.5%
Bottle of water (11 fl. oz)	$1.47 RSD149	$1.21 PAB1.21	-17.8%
Average			-17.2%

Serbia vs. Panama - Cost of restaurants

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pay 84.4% more for groceries

	Serbia	Panama
Bread 1 loaf	$0.74 RSD75	$2.21 PAB2.21	+199.6%
Local cheese (8 oz)	$4.66 RSD471	$6.02 PAB6.02	+29.3%
Milk (1 gallon)	$5.09 RSD515	$6.86 PAB6.86	+34.7%
Eggs 1 dozen	$2.41 RSD244	$2.47 PAB2.47	+2.6%
Boneless chicken breast (1 lb)	$3.02 RSD306	$3.58 PAB3.58	+18.5%
Apples (1 lb)	$0.56 RSD57	$2.13 PAB2.13	+280.9%
Bananas (1 lb)	$0.83 RSD84	$0.60 PAB0.60	-28.2%
Oranges (1 lb)	$0.75 RSD76	$1.40 PAB1.40	+87.5%
Tomatoes (1 lb)	$0.98 RSD99	$1.51 PAB1.51	+53.8%
Potatoes (1 lb)	$0.45 RSD46	$0.96 PAB0.96	+111.2%
Onions (1 lb)	$0.42 RSD42	$0.99 PAB0.99	+138.1%
Average			+84.4%

Serbia vs. Panama - Cost of groceries

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pay 13.6% more for transportation

	Serbia	Panama
Gasoline (1 gallon)	$6.88 RSD696	$3.87 PAB3.87	-43.8%
Monthly public transit pass	$30.31 RSD3,068	$23.75 PAB23.75	-21.6%
New Volkswagen Golf 1.4 (standard edition)	$30,955.44 RSD3,132,624	$23,416.67 PAB23,416.67	-24.4%
Taxi trip in downtown area (5 miles)	$8.27 RSD837	$20.20 PAB20.20	+144.2%
Average			+13.6%

Serbia vs. Panama - Cost of transportation

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pay 62.1% more for housing

	Serbia	Panama
Internet connection 50 mbps or faster, cable/dsl	$26.24 RSD2,656	$48.39 PAB48.39	+84.4%
1-Bedroom apartment in downtown area	$412.90 RSD41,785	$765.94 PAB765.94	+85.5%
1-Bedroom apartment outside city center	$302.98 RSD30,661	$630.77 PAB630.77	+108.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$126.67 RSD12,819	$89.09 PAB89.09	-29.7%
Average			+62.1%

Serbia vs. Panama - Cost of housing

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pay 38.5% more for childcare

	Serbia	Panama
Private preschool for 1 child, monthly	$270.33 RSD27,357	$363.00 PAB363.00	+34.3%
Middle school for 1 child, two semesters	$6,594.36 RSD667,335	$9,411.11 PAB9,411.11	+42.7%
Average			+38.5%

Serbia vs. Panama - Cost of childcare

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pay 29.2% more for entertainment and sports

	Serbia	Panama
Domestic/local beer (1 pint)	$2.49 RSD252	$1.95 PAB1.95	-21.6%
Cappuccino in mid-range area	$2.03 RSD205	$3.54 PAB3.54	+74.6%
Pack of cigarettes Marlboro or similar	$4.41 RSD447	$5.48 PAB5.48	+24.2%
Monthly membership at local gym	$32.25 RSD3,263	$51.47 PAB51.47	+59.6%
Movie ticket to theater/cinema	$5.47 RSD553	$5.97 PAB5.97	+9.1%
Average			+29.2%

Serbia vs. Panama - Cost of entertainment and sports

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pay 27.7% less for clothing

	Serbia	Panama
Regular jeans Levi's brand	$78.65 RSD7,959	$43.33 PAB43.33	-44.9%
Regular dress from H&M or similar store	$49.57 RSD5,016	$34.17 PAB34.17	-31.1%
Running shoes Nike or Adidas	$107.57 RSD10,886	$80.40 PAB80.40	-25.3%
Men's business shoes (leather)	$117.74 RSD11,915	$106.46 PAB106.46	-9.6%
Average			-27.7%

Serbia vs. Panama - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

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