Cost of living comparison
Panama City is 10.1% cheaper than Madrid.
If you lived in Panama City instead of Madrid, you would:
pay 24.6% less for restaurants
|
Madrid
|
Panama City
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.08
€15.41
|
$13.25
PAB13.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.72
€10.28
|
$8.00
PAB8.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.79
€2.67
|
$1.86
PAB1.86
|
|
| Bottle of water (11 fl. oz) |
$1.80
€1.73
|
$1.41
PAB1.41
|
|
pay 20.1% more for groceries
|
Madrid
|
Panama City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.50
€1.44
|
$2.51
PAB2.51
|
|
| Local cheese (8 oz) |
$6.92
€6.64
|
$6.39
PAB6.39
|
|
| Milk (1 gallon) |
$4.41
€4.23
|
$6.80
PAB6.80
|
|
|
Eggs
1 dozen
|
$3.05
€2.93
|
$2.68
PAB2.68
|
|
| Boneless chicken breast (1 lb) |
$3.78
€3.63
|
$3.41
PAB3.41
|
|
| Apples (1 lb) |
$1.13
€1.08
|
$1.48
PAB1.48
|
|
| Bananas (1 lb) |
$0.87
€0.83
|
$0.72
PAB0.72
|
|
| Oranges (1 lb) |
$1.01
€0.96
|
$1.24
PAB1.24
|
|
| Tomatoes (1 lb) |
$1.05
€1.01
|
$1.40
PAB1.40
|
|
| Potatoes (1 lb) |
$0.83
€0.80
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.82
€0.79
|
$1.15
PAB1.15
|
|
pay 30.0% less for transportation
|
Madrid
|
Panama City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.79
€6.51
|
$3.69
PAB3.69
|
|
| Monthly public transit pass |
$42.87
€41.10
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,759.38
€34,285.12
|
$19,750.00
PAB19,750.00
|
|
| Taxi trip in downtown area (5 miles) |
$14.90
€14.28
|
$16.71
PAB16.71
|
|
pay 5.9% less for housing
|
Madrid
|
Panama City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.85
€30.53
|
$52.10
PAB52.10
|
|
| 1-Bedroom apartment in downtown area |
$1,468.90
€1,408.34
|
$1,023.81
PAB1,023.81
|
|
| 1-Bedroom apartment outside city center |
$1,074.71
€1,030.40
|
$755.88
PAB755.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$130.03
€124.67
|
$94.84
PAB94.84
|
|
pay 11.2% less for childcare
|
Madrid
|
Panama City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$567.57
€544.17
|
$439.17
PAB439.17
|
|
| Middle school for 1 child, two semesters |
$10,069.47
€9,654.34
|
$10,092.67
PAB10,092.67
|
|
pay 4.2% less for entertainment and sports
|
Madrid
|
Panama City
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.75
€3.60
|
$3.00
PAB3.00
|
|
| Cappuccino in mid-range area |
$2.59
€2.48
|
$3.59
PAB3.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.43
€6.17
|
$5.50
PAB5.50
|
|
| Monthly membership at local gym |
$43.11
€41.34
|
$47.27
PAB47.27
|
|
| Movie ticket to theater/cinema |
$10.72
€10.28
|
$7.00
PAB7.00
|
|
pay 14.9% less for clothing
|
Madrid
|
Panama City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$90.50
€86.77
|
$53.91
PAB53.91
|
|
|
Regular dress
from H&M or similar store
|
$37.21
€35.68
|
$37.78
PAB37.78
|
|
|
Running shoes
Nike or Adidas
|
$97.88
€93.84
|
$87.62
PAB87.62
|
|
| Men's business shoes (leather) |
$121.40
€116.39
|
$108.75
PAB108.75
|
|
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