Cost of living comparison
Panama is 7.6% more expensive than Latvia.
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
€9.82
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.08
€6.79
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.37
€1.31
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$1.17
€1.12
|
$1.17
PAB1.17
|
|
pay 63.0% more for groceries
|
Latvia
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.36
€1.30
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$5.17
€4.97
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$4.66
€4.47
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$2.72
€2.61
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$3.05
€2.93
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$0.58
€0.56
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.77
€0.74
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$1.04
€1.00
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$1.39
€1.34
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.38
€0.37
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.37
€0.36
|
$1.01
PAB1.01
|
|
pay 5.4% less for transportation
|
Latvia
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.76
€6.48
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$39.41
€37.82
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,606.21
€24,578.81
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$9.07
€8.71
|
$16.61
PAB16.61
|
|
pay 61.9% more for housing
|
Latvia
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$17.22
€16.53
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$467.65
€448.89
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$322.68
€309.73
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$196.83
€188.94
|
$69.20
PAB69.20
|
|
pay 40.2% less for childcare
|
Latvia
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$427.69
€410.53
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$13,383.30
€12,846.32
|
$6,548.17
PAB6,548.17
|
|
pay 8.6% less for entertainment and sports
|
Latvia
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.87
€3.71
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$3.06
€2.94
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.95
€4.75
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$42.71
€41.00
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$10.00
€9.60
|
$5.33
PAB5.33
|
|
pay 19.5% less for clothing
|
Latvia
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$76.51
€73.44
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$43.17
€41.44
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$84.42
€81.03
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$120.68
€115.84
|
$100.42
PAB100.42
|
|
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