Cost of living comparison
Panama is 2.3 times more expensive than Ghana.
If you lived in Panama instead of Ghana, you would:
pay 2.8 times more for restaurants
|
Ghana
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.70
GHS58.47
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.51
GHS87.11
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.59
GHS9.40
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$0.25
GHS3.89
|
$1.17
PAB1.17
|
|
pay 43.7% more for groceries
|
Ghana
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.52
GHS24.06
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$3.18
GHS50.24
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$8.96
GHS141.70
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$2.21
GHS34.87
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$2.08
GHS32.88
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$1.01
GHS15.99
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.48
GHS7.65
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.59
GHS9.40
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$1.04
GHS16.46
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.98
GHS15.49
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.73
GHS11.59
|
$1.01
PAB1.01
|
|
pay 44.7% more for transportation
|
Ghana
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.23
GHS66.92
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$26.38
GHS417.16
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$8,000.00
GHS126,500.00
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$10.74
GHS169.80
|
$16.61
PAB16.61
|
|
pay 2.3 times more for housing
|
Ghana
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$43.21
GHS683.27
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$627.15
GHS9,916.77
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$112.15
GHS1,773.41
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$35.41
GHS559.96
|
$69.20
PAB69.20
|
|
pay 3.1 times more for childcare
|
Ghana
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$57.02
GHS901.56
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$6,571.37
GHS103,909.74
|
$6,548.17
PAB6,548.17
|
|
pay 2.2 times more for entertainment and sports
|
Ghana
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.95
GHS14.98
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$1.69
GHS26.65
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.20
GHS18.92
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$32.36
GHS511.63
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$9.33
GHS147.55
|
$5.33
PAB5.33
|
|
pay 2.6 times more for clothing
|
Ghana
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$14.87
GHS235.21
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$20.10
GHS317.86
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$32.71
GHS517.19
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$34.57
GHS546.57
|
$100.42
PAB100.42
|
|
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