Cost of living comparison
Panama is 2.2 times more expensive than Madagascar.
If you lived in Panama instead of Madagascar, you would:
pay 2.1 times more for restaurants
|
Madagascar
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$2.90
MGA13,632
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$4.30
MGA20,195
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.92
MGA4,325
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$0.65
MGA3,057
|
$1.17
PAB1.17
|
|
pay 2.3 times more for groceries
|
Madagascar
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.92
MGA4,319
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$5.17
MGA24,294
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$3.71
MGA17,433
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$1.80
MGA8,482
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$2.51
MGA11,794
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$0.64
MGA3,015
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.32
MGA1,493
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.55
MGA2,576
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$0.34
MGA1,584
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.28
MGA1,328
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.37
MGA1,729
|
$1.01
PAB1.01
|
|
pay 28.4% more for transportation
|
Madagascar
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.28
MGA20,115
|
$3.92
PAB3.92
|
|
| Monthly public transit pass | ?? |
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$11,817.99
MGA55,536,170
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$12.46
MGA58,565
|
$16.61
PAB16.61
|
|
pay 3.6 times more for housing
|
Madagascar
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.38
MGA274,363
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$241.73
MGA1,135,967
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$65.00
MGA305,475
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$35.96
MGA169,000
|
$69.20
PAB69.20
|
|
pay 97.3% more for childcare
|
Madagascar
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$89.71
MGA421,570
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$11,292.35
MGA53,066,030
|
$6,548.17
PAB6,548.17
|
|
pay 99.8% more for entertainment and sports
|
Madagascar
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.91
MGA4,291
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$1.13
MGA5,318
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.46
MGA11,562
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$30.89
MGA145,151
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$6.45
MGA30,292
|
$5.33
PAB5.33
|
|
pay 2.1 times more for clothing
|
Madagascar
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$14.15
MGA66,506
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$15.67
MGA73,628
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$71.98
MGA338,266
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$57.39
MGA269,687
|
$100.42
PAB100.42
|
|
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