Cost of living comparison
Panama is 4.2 times more expensive than Libya.
If you lived in Panama instead of Libya, you would:
pay 3.9 times more for restaurants
|
Libya
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.61
LYD22.520
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$4.10
LYD20.010
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.48
LYD2.320
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$0.13
LYD0.650
|
$1.17
PAB1.17
|
|
pay 3.1 times more for groceries
|
Libya
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.29
LYD1.440
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$2.75
LYD13.460
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$3.55
LYD17.340
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$1.68
LYD8.230
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$1.56
LYD7.620
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$0.71
LYD3.460
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.60
LYD2.930
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.42
LYD2.060
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$0.24
LYD1.190
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.28
LYD1.350
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.29
LYD1.400
|
$1.01
PAB1.01
|
|
pay 9.4 times more for transportation
|
Libya
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$0.12
LYD0.570
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$23.74
LYD115.960
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$16,046.81
LYD78,388.660
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$10.88
LYD53.160
|
$16.61
PAB16.61
|
|
pay 3.7 times more for housing
|
Libya
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$29.85
LYD145.840
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$191.92
LYD937.540
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$108.81
LYD531.530
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$17.03
LYD83.200
|
$69.20
PAB69.20
|
|
pay 5.3 times more for childcare
|
Libya
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$58.75
LYD287.010
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$1,219.10
LYD5,955.310
|
$6,548.17
PAB6,548.17
|
|
pay 2.8 times more for entertainment and sports
|
Libya
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.68
LYD3.340
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$0.63
LYD3.060
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.33
LYD11.380
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$25.64
LYD125.260
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$4.44
LYD21.680
|
$5.33
PAB5.33
|
|
pay 45.9% more for clothing
|
Libya
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$32.50
LYD158.740
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$32.80
LYD160.220
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$45.23
LYD220.960
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$65.98
LYD322.320
|
$100.42
PAB100.42
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Panama or Libya. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.