Cost of living comparison
Panama is 24.7% cheaper than Germany.
If you lived in Panama instead of Germany, you would:
pay 39.7% less for restaurants
|
Germany
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$14.04
€13.32
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.20
€9.67
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.80
€2.66
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$2.41
€2.28
|
$1.17
PAB1.17
|
|
pay 9.6% more for groceries
|
Germany
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.03
€1.93
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$6.71
€6.36
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$4.38
€4.15
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$3.41
€3.23
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$6.24
€5.92
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$1.28
€1.21
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.70
€0.67
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.97
€0.92
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$2.10
€1.99
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.66
€0.63
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.69
€0.65
|
$1.01
PAB1.01
|
|
pay 39.9% less for transportation
|
Germany
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.07
€6.71
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$52.96
€50.22
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,807.86
€27,320.28
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$23.02
€21.83
|
$16.61
PAB16.61
|
|
pay 21.5% less for housing
|
Germany
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$48.22
€45.73
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$790.39
€749.58
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$625.27
€592.99
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$230.06
€218.18
|
$69.20
PAB69.20
|
|
pay 40.5% less for childcare
|
Germany
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$458.39
€434.72
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$12,308.95
€11,673.34
|
$6,548.17
PAB6,548.17
|
|
pay 19.3% less for entertainment and sports
|
Germany
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.42
€4.19
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$3.49
€3.31
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.74
€8.28
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$36.01
€34.15
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$12.80
€12.14
|
$5.33
PAB5.33
|
|
pay 21.7% less for clothing
|
Germany
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$82.34
€78.09
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$40.78
€38.67
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$91.59
€86.86
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$123.43
€117.05
|
$100.42
PAB100.42
|
|
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