Cost of living comparison
Panama City is 2.5 times more expensive than Accra.
If you lived in Panama City instead of Accra, you would:
pay 2.8 times more for restaurants
|
Accra
|
Panama City
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.82
GHS70.50
|
$13.25
PAB13.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.37
GHS107.98
|
$8.00
PAB8.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.74
GHS10.86
|
$1.86
PAB1.86
|
|
| Bottle of water (11 fl. oz) |
$0.29
GHS4.26
|
$1.41
PAB1.41
|
|
pay 26.3% more for groceries
|
Accra
|
Panama City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.52
GHS22.28
|
$2.51
PAB2.51
|
|
| Local cheese (8 oz) |
$3.46
GHS50.64
|
$6.39
PAB6.39
|
|
| Milk (1 gallon) |
$11.31
GHS165.53
|
$6.80
PAB6.80
|
|
|
Eggs
1 dozen
|
$2.28
GHS33.45
|
$2.68
PAB2.68
|
|
| Boneless chicken breast (1 lb) |
$2.18
GHS31.87
|
$3.41
PAB3.41
|
|
| Apples (1 lb) |
$1.27
GHS18.66
|
$1.48
PAB1.48
|
|
| Bananas (1 lb) |
$0.59
GHS8.69
|
$0.72
PAB0.72
|
|
| Oranges (1 lb) |
$0.81
GHS11.93
|
$1.24
PAB1.24
|
|
| Tomatoes (1 lb) |
$1.21
GHS17.65
|
$1.40
PAB1.40
|
|
| Potatoes (1 lb) |
$1.21
GHS17.72
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.96
GHS14.10
|
$1.15
PAB1.15
|
|
pay 39.4% more for transportation
|
Accra
|
Panama City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.34
GHS63.55
|
$3.69
PAB3.69
|
|
| Monthly public transit pass |
$32.96
GHS482.64
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$8,000.00
GHS117,130.40
|
$19,750.00
PAB19,750.00
|
|
| Taxi trip in downtown area (5 miles) |
$11.16
GHS163.43
|
$16.71
PAB16.71
|
|
pay 3.0 times more for housing
|
Accra
|
Panama City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$44.40
GHS650.03
|
$52.10
PAB52.10
|
|
| 1-Bedroom apartment in downtown area |
$627.15
GHS9,182.25
|
$1,023.81
PAB1,023.81
|
|
| 1-Bedroom apartment outside city center |
$112.15
GHS1,642.06
|
$755.88
PAB755.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$39.69
GHS581.05
|
$94.84
PAB94.84
|
|
pay 4.5 times more for childcare
|
Accra
|
Panama City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$57.02
GHS834.78
|
$439.17
PAB439.17
|
|
| Middle school for 1 child, two semesters |
$7,655.73
GHS112,089.89
|
$10,092.67
PAB10,092.67
|
|
pay 87.1% more for entertainment and sports
|
Accra
|
Panama City
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.21
GHS17.64
|
$3.00
PAB3.00
|
|
| Cappuccino in mid-range area |
$2.75
GHS40.30
|
$3.59
PAB3.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.57
GHS22.96
|
$5.50
PAB5.50
|
|
| Monthly membership at local gym |
$36.21
GHS530.12
|
$47.27
PAB47.27
|
|
| Movie ticket to theater/cinema |
$9.33
GHS136.62
|
$7.00
PAB7.00
|
|
pay 2.8 times more for clothing
|
Accra
|
Panama City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$14.87
GHS217.79
|
$53.91
PAB53.91
|
|
|
Regular dress
from H&M or similar store
|
$20.10
GHS294.32
|
$37.78
PAB37.78
|
|
|
Running shoes
Nike or Adidas
|
$32.71
GHS478.88
|
$87.62
PAB87.62
|
|
| Men's business shoes (leather) |
$34.57
GHS506.09
|
$108.75
PAB108.75
|
|
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