Cost of living comparison
Panama is 31.1% cheaper than Denmark.
If you lived in Panama instead of Denmark, you would:
pay 52.2% less for restaurants
|
Denmark
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.56
DKK154.20
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.58
DKK89.94
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.50
DKK25.00
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$2.59
DKK18.55
|
$1.17
PAB1.17
|
|
pay 9.1% less for groceries
|
Denmark
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.91
DKK20.81
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$5.83
DKK41.71
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$7.22
DKK51.63
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$4.38
DKK31.32
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$4.74
DKK33.89
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$1.28
DKK9.13
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$1.34
DKK9.58
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$1.37
DKK9.79
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$1.88
DKK13.46
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.90
DKK6.45
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.77
DKK5.53
|
$1.01
PAB1.01
|
|
pay 51.6% less for transportation
|
Denmark
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.68
DKK54.90
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$82.44
DKK589.58
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$45,047.14
DKK322,159.15
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$23.62
DKK168.90
|
$16.61
PAB16.61
|
|
pay 15.3% less for housing
|
Denmark
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$33.71
DKK241.08
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$967.90
DKK6,922.04
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$743.77
DKK5,319.18
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$157.10
DKK1,123.51
|
$69.20
PAB69.20
|
|
pay 25.4% less for childcare
|
Denmark
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$519.88
DKK3,717.98
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$7,190.53
DKK51,423.82
|
$6,548.17
PAB6,548.17
|
|
pay 34.4% less for entertainment and sports
|
Denmark
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.44
DKK53.23
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$5.51
DKK39.40
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.74
DKK62.50
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$38.95
DKK278.53
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$16.76
DKK119.84
|
$5.33
PAB5.33
|
|
pay 29.4% less for clothing
|
Denmark
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$93.72
DKK670.23
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$38.81
DKK277.53
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$105.07
DKK751.45
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$155.42
DKK1,111.48
|
$100.42
PAB100.42
|
|
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