Cost of living comparison
Panama is 58.5% cheaper than Cayman Islands.
If you lived in Panama instead of Cayman Islands, you would:
pay 53.5% less for restaurants
|
Cayman Islands
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.87
KYD17.37
|
$8.30
PAB8.30
|
|
|
Fast food combo meal
McDonalds, or similar
|
$13.17
KYD10.96
|
$7.60
PAB7.60
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.49
KYD2.90
|
$1.55
PAB1.55
|
|
| Bottle of water (11 fl. oz) |
$2.62
KYD2.18
|
$1.16
PAB1.16
|
|
pay 52.6% less for groceries
|
Cayman Islands
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.68
KYD3.90
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$6.58
KYD5.47
|
$5.28
PAB5.28
|
|
| Milk (1 gallon) |
$11.27
KYD9.38
|
$6.34
PAB6.34
|
|
|
Eggs
1 dozen
|
$7.03
KYD5.85
|
$2.42
PAB2.42
|
|
| Boneless chicken breast (1 lb) |
$4.85
KYD4.03
|
$3.15
PAB3.15
|
|
| Apples (1 lb) |
$4.13
KYD3.44
|
$1.87
PAB1.87
|
|
| Bananas (1 lb) |
$1.77
KYD1.47
|
$0.56
PAB0.56
|
|
| Oranges (1 lb) |
$2.93
KYD2.44
|
$1.31
PAB1.31
|
|
| Tomatoes (1 lb) |
$3.48
KYD2.90
|
$1.32
PAB1.32
|
|
| Potatoes (1 lb) |
$2.48
KYD2.06
|
$0.96
PAB0.96
|
|
| Onions (1 lb) |
$2.36
KYD1.96
|
$0.95
PAB0.95
|
|
pay 46.5% less for transportation
|
Cayman Islands
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.93
KYD5.77
|
$3.90
PAB3.90
|
|
| Monthly public transit pass |
$30.00
KYD24.97
|
$23.33
PAB23.33
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,003.07
KYD29,966.44
|
$21,000.00
PAB21,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$68.01
KYD56.60
|
$14.78
PAB14.78
|
|
pay 71.5% less for housing
|
Cayman Islands
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$114.70
KYD95.47
|
$46.90
PAB46.90
|
|
| 1-Bedroom apartment in downtown area |
$2,660.22
KYD2,214.19
|
$697.93
PAB697.93
|
|
| 1-Bedroom apartment outside city center |
$1,881.82
KYD1,566.30
|
$496.06
PAB496.06
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$317.38
KYD264.16
|
$65.23
PAB65.23
|
|
pay 74.8% less for childcare
|
Cayman Islands
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,333.45
KYD1,109.87
|
$327.08
PAB327.08
|
|
| Middle school for 1 child, two semesters |
$24,778.09
KYD20,623.55
|
$6,443.94
PAB6,443.94
|
|
pay 59.2% less for entertainment and sports
|
Cayman Islands
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.60
KYD5.49
|
$1.85
PAB1.85
|
|
| Cappuccino in mid-range area |
$6.12
KYD5.10
|
$3.35
PAB3.35
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.40
KYD11.99
|
$6.70
PAB6.70
|
|
| Monthly membership at local gym |
$134.57
KYD112.00
|
$58.09
PAB58.09
|
|
| Movie ticket to theater/cinema |
$18.00
KYD14.98
|
$5.75
PAB5.75
|
|
pay 51.4% less for clothing
|
Cayman Islands
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$85.51
KYD71.17
|
$43.92
PAB43.92
|
|
|
Regular dress
from H&M or similar store
|
$112.01
KYD93.23
|
$40.61
PAB40.61
|
|
|
Running shoes
Nike or Adidas
|
$122.65
KYD102.09
|
$66.54
PAB66.54
|
|
| Men's business shoes (leather) |
$149.01
KYD124.03
|
$78.30
PAB78.30
|
|
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