Cost of living comparison
Panama is 13.0% cheaper than Italy.
If you lived in Panama instead of Italy, you would:
pay 28.3% less for restaurants
|
Italy
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.15
€15.32
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.06
€9.54
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.55
€2.42
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$1.22
€1.16
|
$1.17
PAB1.17
|
|
pay 11.4% more for groceries
|
Italy
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.04
€1.94
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$6.83
€6.48
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$5.53
€5.25
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$3.41
€3.23
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$5.05
€4.79
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$0.97
€0.92
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.85
€0.80
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$1.04
€0.99
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$1.31
€1.24
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.76
€0.72
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.71
€0.67
|
$1.01
PAB1.01
|
|
pay 31.9% less for transportation
|
Italy
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.22
€6.85
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$38.81
€36.80
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,223.13
€26,765.75
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$19.13
€18.14
|
$16.61
PAB16.61
|
|
pay 9.0% more for housing
|
Italy
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$28.87
€27.38
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$656.19
€622.30
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$511.91
€485.48
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$150.39
€142.63
|
$69.20
PAB69.20
|
|
pay 35.7% less for childcare
|
Italy
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$508.72
€482.45
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$9,465.55
€8,976.76
|
$6,548.17
PAB6,548.17
|
|
pay 1.4% less for entertainment and sports
|
Italy
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.01
€4.75
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$1.69
€1.60
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.20
€5.88
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$52.12
€49.43
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$9.39
€8.91
|
$5.33
PAB5.33
|
|
pay 13.8% less for clothing
|
Italy
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$78.41
€74.36
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$33.87
€32.12
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$86.07
€81.62
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$115.43
€109.47
|
$100.42
PAB100.42
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Panama or Italy. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.