Cost of living comparison
Panama is 7.6% more expensive than Latvia overall.
- Restaurants
-
pay 2.3% more in Panama
- Groceries
-
pay 63.0% more in Panama
- Transportation
-
pay 5.4% less in Panama
- Housing
-
pay 61.9% more in Panama
- Childcare
-
pay 40.2% less in Panama
- Entertainment and Sports
-
pay 8.6% less in Panama
- Clothing
-
pay 19.5% less in Panama
The cost of groceries, housing, and restaurants in Panama are more expensive than in Latvia. Expenses including childcare, clothing, entertainment and sports, and transportation are lower in Panama.
If you lived in Panama instead of Latvia, you would:
pay 2.3% more for restaurants
|
Latvia
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.23
€9.40
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.08
€6.51
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.37
€1.26
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$1.17
€1.07
|
$1.17
PAB1.17
|
|
pay 63.0% more for groceries
|
Latvia
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.36
€1.25
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$5.17
€4.76
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$4.66
€4.28
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$2.72
€2.50
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$3.05
€2.81
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$0.58
€0.54
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.77
€0.71
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$1.04
€0.96
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$1.39
€1.28
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.38
€0.35
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.37
€0.34
|
$1.01
PAB1.01
|
|
pay 5.4% less for transportation
|
Latvia
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.76
€6.21
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$39.41
€36.23
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,606.21
€23,544.86
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$9.07
€8.34
|
$16.61
PAB16.61
|
|
pay 61.9% more for housing
|
Latvia
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$17.22
€15.84
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$467.65
€430.00
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$322.68
€296.70
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$196.83
€180.99
|
$69.20
PAB69.20
|
|
pay 40.2% less for childcare
|
Latvia
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$427.69
€393.26
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$13,383.30
€12,305.92
|
$6,548.17
PAB6,548.17
|
|
pay 8.6% less for entertainment and sports
|
Latvia
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.87
€3.56
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$3.06
€2.82
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.95
€4.55
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$42.71
€39.27
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$10.00
€9.20
|
$5.33
PAB5.33
|
|
pay 19.5% less for clothing
|
Latvia
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$76.51
€70.35
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$43.17
€39.70
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$84.42
€77.62
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$120.68
€110.96
|
$100.42
PAB100.42
|
|
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