Cost of living comparison
Panama is 63.8% more expensive than Venezuela.
If you lived in Panama instead of Venezuela, you would:
pay 11.0% more for restaurants
Venezuela
|
Panama
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.99
Bs79.74
|
$7.70
PAB7.70
|
|
Fast food combo meal
McDonalds, or similar
|
$8.68
Bs86.60
|
$7.45
PAB7.45
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.17
Bs11.71
|
$1.54
PAB1.54
|
|
Bottle of water (11 fl. oz) |
$0.88
Bs8.79
|
$1.16
PAB1.16
|
|
pay 37.1% more for groceries
Venezuela
|
Panama
|
||
---|---|---|---|
Bread
1 loaf
|
$1.84
Bs18.31
|
$1.94
PAB1.94
|
|
Local cheese (8 oz) |
$2.19
Bs21.84
|
$5.35
PAB5.35
|
|
Milk (1 gallon) |
$6.36
Bs63.46
|
$6.06
PAB6.06
|
|
Eggs
1 dozen
|
$2.09
Bs20.87
|
$2.20
PAB2.20
|
|
Boneless chicken breast (1 lb) |
$2.45
Bs24.41
|
$2.67
PAB2.67
|
|
Apples (1 lb) |
$1.99
Bs19.86
|
$1.75
PAB1.75
|
|
Bananas (1 lb) |
$0.46
Bs4.59
|
$0.55
PAB0.55
|
|
Oranges (1 lb) |
$0.57
Bs5.65
|
$1.06
PAB1.06
|
|
Tomatoes (1 lb) |
$0.70
Bs6.98
|
$1.23
PAB1.23
|
|
Potatoes (1 lb) |
$0.56
Bs5.63
|
$0.89
PAB0.89
|
|
Onions (1 lb) |
$0.79
Bs7.92
|
$0.96
PAB0.96
|
|
pay 3.4% more for transportation
Venezuela
|
Panama
|
||
---|---|---|---|
Gasoline (1 gallon) |
$1.90
Bs18.92
|
$4.07
PAB4.07
|
|
Monthly public transit pass |
$37.75
Bs376.54
|
$27.50
PAB27.50
|
|
New Volkswagen Golf 1.4 (standard edition) |
$31,166.67
Bs310,871.95
|
$20,583.33
PAB20,583.33
|
|
Taxi trip in downtown area (5 miles) |
$26.10
Bs260.30
|
$15.79
PAB15.79
|
|
pay 3.2 times more for housing
Venezuela
|
Panama
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$39.45
Bs393.53
|
$49.92
PAB49.92
|
|
1-Bedroom apartment in downtown area |
$172.69
Bs1,722.45
|
$696.35
PAB696.35
|
|
1-Bedroom apartment outside city center |
$151.81
Bs1,514.18
|
$440.76
PAB440.76
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$14.14
Bs141.06
|
$62.88
PAB62.88
|
|
pay 2.3 times more for childcare
Venezuela
|
Panama
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$61.35
Bs611.96
|
$228.54
PAB228.54
|
|
Middle school for 1 child, two semesters |
$7,600.00
Bs75,806.21
|
$6,185.93
PAB6,185.93
|
|
pay 41.0% more for entertainment and sports
Venezuela
|
Panama
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.30
Bs12.94
|
$1.75
PAB1.75
|
|
Cappuccino in mid-range area |
$1.61
Bs16.07
|
$3.22
PAB3.22
|
|
Pack of cigarettes
Marlboro or similar
|
$3.77
Bs37.65
|
$5.43
PAB5.43
|
|
Monthly membership at local gym |
$33.33
Bs332.45
|
$45.25
PAB45.25
|
|
Movie ticket to theater/cinema |
$5.39
Bs53.75
|
$4.88
PAB4.88
|
|
pay 10.6% more for clothing
Venezuela
|
Panama
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$52.98
Bs528.42
|
$48.38
PAB48.38
|
|
Regular dress
from H&M or similar store
|
$38.48
Bs383.83
|
$38.88
PAB38.88
|
|
Running shoes
Nike or Adidas
|
$68.40
Bs682.30
|
$82.05
PAB82.05
|
|
Men's business shoes (leather) |
$72.31
Bs721.21
|
$94.12
PAB94.12
|
|
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