Cost of living comparison
Panama is 34.4% more expensive than Albania overall.
- Restaurants
-
pay 12.8% more in Panama
- Groceries
-
pay 67.3% more in Panama
- Transportation
-
pay 21.8% less in Panama
- Housing
-
pay 89.8% more in Panama
- Childcare
-
pay 82.8% more in Panama
- Entertainment and Sports
-
pay 22.0% more in Panama
- Clothing
-
pay 12.2% less in Panama
The cost of housing, childcare, groceries, entertainment and sports, and restaurants in Panama are more expensive than in Albania. Expenses including transportation and clothing are lower in Panama. Notably, housing and childcare are significantly more expensive in Panama.
If you lived in Panama instead of Albania, you would:
pay 12.8% more for restaurants
|
Albania
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.37
ALL772
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.97
ALL643
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.66
ALL153
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$0.81
ALL75
|
$1.17
PAB1.17
|
|
pay 67.3% more for groceries
|
Albania
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.85
ALL78
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$5.29
ALL488
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$7.20
ALL664
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$3.11
ALL287
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$3.11
ALL287
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$0.59
ALL54
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$1.05
ALL97
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.68
ALL63
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$0.67
ALL62
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.46
ALL43
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.51
ALL47
|
$1.01
PAB1.01
|
|
pay 21.8% less for transportation
|
Albania
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.81
ALL721
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$17.64
ALL1,627
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,265.14
ALL2,607,568
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$30.70
ALL2,832
|
$16.61
PAB16.61
|
|
pay 89.8% more for housing
|
Albania
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$16.01
ALL1,477
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$447.88
ALL41,319
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$324.85
ALL29,969
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$57.67
ALL5,320
|
$69.20
PAB69.20
|
|
pay 82.8% more for childcare
|
Albania
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$168.56
ALL15,551
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$3,514.89
ALL324,262
|
$6,548.17
PAB6,548.17
|
|
pay 22.0% more for entertainment and sports
|
Albania
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.60
ALL240
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$1.77
ALL164
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.70
ALL342
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$44.45
ALL4,101
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$7.64
ALL705
|
$5.33
PAB5.33
|
|
pay 12.2% less for clothing
|
Albania
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.86
ALL4,692
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$40.61
ALL3,746
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$90.86
ALL8,382
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$121.22
ALL11,183
|
$100.42
PAB100.42
|
|
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