Cost of living comparison
Panama is 40.3% more expensive than Armenia.
If you lived in Panama instead of Armenia, you would:
pay 45.9% more for restaurants
|
Armenia
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.61
AMD4,134.07
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.00
AMD3,507.69
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.86
AMD335.46
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$0.49
AMD191.48
|
$1.17
PAB1.17
|
|
pay 2.0 times more for groceries
|
Armenia
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.70
AMD271.79
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$3.88
AMD1,512.73
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$5.47
AMD2,132.51
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$2.20
AMD855.57
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$3.20
AMD1,248.42
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$0.56
AMD217.54
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.73
AMD285.76
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.64
AMD248.69
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$0.80
AMD310.14
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.34
AMD130.78
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.31
AMD122.50
|
$1.01
PAB1.01
|
|
pay 95.7% more for transportation
|
Armenia
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.63
AMD1,802.27
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$12.86
AMD5,010.99
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,864.95
AMD12,026,377.03
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$3.76
AMD1,463.21
|
$16.61
PAB16.61
|
|
pay 40.4% more for housing
|
Armenia
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$19.21
AMD7,484.72
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$684.28
AMD266,624.82
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$447.92
AMD174,529.00
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$89.01
AMD34,681.32
|
$69.20
PAB69.20
|
|
pay 8.0% less for childcare
|
Armenia
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$270.71
AMD105,481.35
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$9,038.40
AMD3,521,768.62
|
$6,548.17
PAB6,548.17
|
|
pay 24.2% more for entertainment and sports
|
Armenia
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.67
AMD651.43
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$2.87
AMD1,117.15
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.57
AMD1,002.20
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$67.15
AMD26,166.29
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$5.79
AMD2,254.95
|
$5.33
PAB5.33
|
|
pay 18.4% less for clothing
|
Armenia
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$70.99
AMD27,661.39
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$51.27
AMD19,976.49
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$139.93
AMD54,522.21
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$75.15
AMD29,281.61
|
$100.42
PAB100.42
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Panama or Armenia. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.