Cost of living comparison
Panama is 0.3% more expensive than Belize overall.
- Restaurants
-
pay 5.6% more in Panama
- Groceries
-
pay 0.8% more in Panama
- Transportation
-
pay 3.4% more in Panama
- Housing
-
pay 11.0% less in Panama
- Entertainment and Sports
-
pay 1.1% less in Panama
- Clothing
-
pay 4.0% more in Panama
The cost of restaurants, clothing, transportation, and groceries in Panama are more expensive than in Belize. Expenses including housing and entertainment and sports are lower in Panama.
If you lived in Panama instead of Belize, you would:
pay 5.6% more for restaurants
|
Belize
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.91
BZD17.90
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.48
BZD17.03
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.33
BZD2.66
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$0.99
BZD1.98
|
$1.17
PAB1.17
|
|
pay 0.8% more for groceries
|
Belize
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.33
BZD2.68
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$7.02
BZD14.09
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$11.64
BZD23.38
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$2.68
BZD5.38
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$2.56
BZD5.15
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$2.92
BZD5.86
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.68
BZD1.36
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.73
BZD1.47
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$1.38
BZD2.77
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$1.32
BZD2.66
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$1.28
BZD2.57
|
$1.01
PAB1.01
|
|
pay 3.4% more for transportation
|
Belize
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.98
BZD14.02
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$20.00
BZD40.17
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$10,514.56
BZD21,117.96
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$31.58
BZD63.42
|
$16.61
PAB16.61
|
|
pay 11.0% less for housing
|
Belize
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.93
BZD150.49
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$718.27
BZD1,442.60
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$566.55
BZD1,137.88
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$78.36
BZD157.39
|
$69.20
PAB69.20
|
|
pay (unknown) more for childcare
|
Belize
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters | ?? |
$6,548.17
PAB6,548.17
|
pay 1.1% less for entertainment and sports
|
Belize
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.74
BZD5.51
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$3.34
BZD6.71
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.17
BZD8.37
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$38.75
BZD77.83
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$11.71
BZD23.52
|
$5.33
PAB5.33
|
|
pay 4.0% more for clothing
|
Belize
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$37.39
BZD75.11
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$28.69
BZD57.62
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$100.00
BZD200.85
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$115.73
BZD232.43
|
$100.42
PAB100.42
|
|
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