Cost of living comparison
Panama City is 55.0% more expensive than Lima.
If you lived in Panama City instead of Lima, you would:
pay 2.2 times more for restaurants
|
Lima
|
Panama City
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$5.23
PEN19.50
|
$13.25
PAB13.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.10
PEN22.74
|
$8.00
PAB8.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.83
PEN3.09
|
$1.86
PAB1.86
|
|
| Bottle of water (11 fl. oz) |
$0.51
PEN1.90
|
$1.41
PAB1.41
|
|
pay 73.2% more for groceries
|
Lima
|
Panama City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.42
PEN9.04
|
$2.51
PAB2.51
|
|
| Local cheese (8 oz) |
$4.22
PEN15.75
|
$6.39
PAB6.39
|
|
| Milk (1 gallon) |
$4.95
PEN18.48
|
$6.80
PAB6.80
|
|
|
Eggs
1 dozen
|
$2.70
PEN10.09
|
$2.68
PAB2.68
|
|
| Boneless chicken breast (1 lb) |
$2.25
PEN8.39
|
$3.41
PAB3.41
|
|
| Apples (1 lb) |
$0.87
PEN3.26
|
$1.48
PAB1.48
|
|
| Bananas (1 lb) |
$0.50
PEN1.88
|
$0.72
PAB0.72
|
|
| Oranges (1 lb) |
$0.48
PEN1.79
|
$1.24
PAB1.24
|
|
| Tomatoes (1 lb) |
$0.52
PEN1.95
|
$1.40
PAB1.40
|
|
| Potatoes (1 lb) |
$0.53
PEN1.99
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.48
PEN1.78
|
$1.15
PAB1.15
|
|
pay 14.6% less for transportation
|
Lima
|
Panama City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.39
PEN20.10
|
$3.69
PAB3.69
|
|
| Monthly public transit pass |
$23.85
PEN89.00
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,163.52
PEN86,430.84
|
$19,750.00
PAB19,750.00
|
|
| Taxi trip in downtown area (5 miles) |
$20.14
PEN75.16
|
$16.71
PAB16.71
|
|
pay 99.3% more for housing
|
Lima
|
Panama City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$26.56
PEN99.12
|
$52.10
PAB52.10
|
|
| 1-Bedroom apartment in downtown area |
$575.58
PEN2,147.68
|
$1,023.81
PAB1,023.81
|
|
| 1-Bedroom apartment outside city center |
$363.71
PEN1,357.11
|
$755.88
PAB755.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$44.01
PEN164.21
|
$94.84
PAB94.84
|
|
pay 67.3% more for childcare
|
Lima
|
Panama City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$213.68
PEN797.31
|
$439.17
PAB439.17
|
|
| Middle school for 1 child, two semesters |
$7,818.35
PEN29,172.88
|
$10,092.67
PAB10,092.67
|
|
pay 25.0% more for entertainment and sports
|
Lima
|
Panama City
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.12
PEN7.91
|
$3.00
PAB3.00
|
|
| Cappuccino in mid-range area |
$2.62
PEN9.77
|
$3.59
PAB3.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.30
PEN19.78
|
$5.50
PAB5.50
|
|
| Monthly membership at local gym |
$30.52
PEN113.86
|
$47.27
PAB47.27
|
|
| Movie ticket to theater/cinema |
$7.95
PEN29.67
|
$7.00
PAB7.00
|
|
pay 13.0% more for clothing
|
Lima
|
Panama City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$42.79
PEN159.67
|
$53.91
PAB53.91
|
|
|
Regular dress
from H&M or similar store
|
$34.98
PEN130.53
|
$37.78
PAB37.78
|
|
|
Running shoes
Nike or Adidas
|
$85.21
PEN317.93
|
$87.62
PAB87.62
|
|
| Men's business shoes (leather) |
$94.35
PEN352.05
|
$108.75
PAB108.75
|
|
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