Cost of living comparison
Panama is 28.9% cheaper than United States.
If you lived in Panama instead of United States, you would:
pay 22.9% less for restaurants
|
United States
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.20
|
$7.60
PAB7.60
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.21
|
$7.15
PAB7.15
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.01
|
$1.68
PAB1.68
|
|
| Bottle of water (11 fl. oz) |
$1.60
|
$1.40
PAB1.40
|
|
pay 18.1% less for groceries
|
United States
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.85
|
$2.03
PAB2.03
|
|
| Local cheese (8 oz) |
$5.66
|
$5.67
PAB5.67
|
|
| Milk (1 gallon) |
$3.38
|
$6.13
PAB6.13
|
|
|
Eggs
1 dozen
|
$2.72
|
$2.09
PAB2.09
|
|
| Boneless chicken breast (1 lb) |
$4.69
|
$3.01
PAB3.01
|
|
| Apples (1 lb) |
$2.12
|
$1.72
PAB1.72
|
|
| Bananas (1 lb) |
$0.76
|
$0.56
PAB0.56
|
|
| Oranges (1 lb) |
$1.89
|
$0.98
PAB0.98
|
|
| Tomatoes (1 lb) |
$1.99
|
$1.21
PAB1.21
|
|
| Potatoes (1 lb) |
$1.26
|
$0.87
PAB0.87
|
|
| Onions (1 lb) |
$1.23
|
$0.88
PAB0.88
|
|
pay 18.8% less for transportation
|
United States
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.54
|
$3.77
PAB3.77
|
|
| Monthly public transit pass |
$64.19
|
$30.14
PAB30.14
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,050.13
|
$20,416.67
PAB20,416.67
|
|
| Taxi trip in downtown area (5 miles) |
$16.53
|
$18.20
PAB18.20
|
|
pay 43.8% less for housing
|
United States
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.65
|
$51.06
PAB51.06
|
|
| 1-Bedroom apartment in downtown area |
$1,446.14
|
$744.83
PAB744.83
|
|
| 1-Bedroom apartment outside city center |
$1,166.13
|
$422.47
PAB422.47
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$132.57
|
$83.26
PAB83.26
|
|
pay 51.3% less for childcare
|
United States
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$980.97
|
$408.75
PAB408.75
|
|
| Middle school for 1 child, two semesters |
$14,983.58
|
$8,339.33
PAB8,339.33
|
|
pay 43.6% less for entertainment and sports
|
United States
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.14
|
$1.85
PAB1.85
|
|
| Cappuccino in mid-range area |
$4.34
|
$2.94
PAB2.94
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.25
|
$5.33
PAB5.33
|
|
| Monthly membership at local gym |
$40.54
|
$31.46
PAB31.46
|
|
| Movie ticket to theater/cinema |
$11.80
|
$4.27
PAB4.27
|
|
pay 3.7% less for clothing
|
United States
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$44.10
|
$45.14
PAB45.14
|
|
|
Regular dress
from H&M or similar store
|
$36.31
|
$41.78
PAB41.78
|
|
|
Running shoes
Nike or Adidas
|
$77.71
|
$68.21
PAB68.21
|
|
| Men's business shoes (leather) |
$98.75
|
$78.97
PAB78.97
|
|
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