Cost of living comparison
Panama City is 7.1% more expensive than Spain.
If you lived in Panama City instead of Spain, you would:
pay 13.8% less for restaurants
Spain
|
Panama City
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$12.45
€11.56
|
$10.00
PAB10.00
|
|
Fast food combo meal
McDonalds, or similar
|
$8.47
€7.86
|
$7.00
PAB7.00
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.99
€1.85
|
$1.73
PAB1.73
|
|
Bottle of water (11 fl. oz) |
$1.40
€1.30
|
$1.34
PAB1.34
|
|
pay 38.7% more for groceries
Spain
|
Panama City
|
||
---|---|---|---|
Bread
1 loaf
|
$1.16
€1.08
|
$2.36
PAB2.36
|
|
Local cheese (8 oz) |
$5.73
€5.32
|
$4.56
PAB4.56
|
|
Milk (1 gallon) |
$3.55
€3.29
|
$6.17
PAB6.17
|
|
Eggs
1 dozen
|
$2.35
€2.19
|
$2.20
PAB2.20
|
|
Boneless chicken breast (1 lb) |
$3.11
€2.89
|
$3.23
PAB3.23
|
|
Apples (1 lb) |
$0.88
€0.82
|
$1.43
PAB1.43
|
|
Bananas (1 lb) |
$0.83
€0.77
|
$0.60
PAB0.60
|
|
Oranges (1 lb) |
$0.74
€0.69
|
$1.36
PAB1.36
|
|
Tomatoes (1 lb) |
$0.91
€0.85
|
$1.53
PAB1.53
|
|
Potatoes (1 lb) |
$0.63
€0.58
|
$0.89
PAB0.89
|
|
Onions (1 lb) |
$0.65
€0.60
|
$0.94
PAB0.94
|
|
pay 16.1% less for transportation
Spain
|
Panama City
|
||
---|---|---|---|
Gasoline (1 gallon) |
$6.67
€6.20
|
$4.18
PAB4.18
|
|
Monthly public transit pass |
$39.84
€37.00
|
$25.00
PAB25.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$24,357.72
€22,619.80
|
$22,250.00
PAB22,250.00
|
|
Taxi trip in downtown area (5 miles) |
$14.14
€13.13
|
$16.80
PAB16.80
|
|
pay 5.1% more for housing
Spain
|
Panama City
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$40.62
€37.72
|
$50.20
PAB50.20
|
|
1-Bedroom apartment in downtown area |
$697.48
€647.71
|
$900.91
PAB900.91
|
|
1-Bedroom apartment outside city center |
$570.67
€529.95
|
$515.48
PAB515.48
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$106.79
€99.17
|
$82.33
PAB82.33
|
|
pay 24.8% more for childcare
Spain
|
Panama City
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$342.46
€318.02
|
$420.62
PAB420.62
|
|
Middle school for 1 child, two semesters |
$7,368.05
€6,842.34
|
$9,343.71
PAB9,343.71
|
|
pay 11.6% more for entertainment and sports
Spain
|
Panama City
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.66
€2.47
|
$2.50
PAB2.50
|
|
Cappuccino in mid-range area |
$1.85
€1.72
|
$3.51
PAB3.51
|
|
Pack of cigarettes
Marlboro or similar
|
$5.55
€5.15
|
$5.78
PAB5.78
|
|
Monthly membership at local gym |
$43.33
€40.24
|
$42.79
PAB42.79
|
|
Movie ticket to theater/cinema |
$8.42
€7.82
|
$6.00
PAB6.00
|
|
pay 0.5% less for clothing
Spain
|
Panama City
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$73.58
€68.33
|
$53.50
PAB53.50
|
|
Regular dress
from H&M or similar store
|
$33.02
€30.67
|
$41.33
PAB41.33
|
|
Running shoes
Nike or Adidas
|
$74.35
€69.04
|
$74.88
PAB74.88
|
|
Men's business shoes (leather) |
$91.35
€84.83
|
$90.67
PAB90.67
|
|
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