Cost of living comparison
Panama City is 53.4% cheaper than Monaco.
If you lived in Panama City instead of Monaco, you would:
pay 53.0% less for restaurants
|
Monaco
|
Panama City
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.90
€19.82
|
$13.25
PAB13.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.33
€11.69
|
$8.00
PAB8.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$4.67
€4.43
|
$1.86
PAB1.86
|
|
| Bottle of water (11 fl. oz) |
$7.08
€6.71
|
$1.41
PAB1.41
|
|
pay 22.4% less for groceries
|
Monaco
|
Panama City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$6.56
€6.23
|
$2.51
PAB2.51
|
|
| Local cheese (8 oz) |
$8.04
€7.62
|
$6.39
PAB6.39
|
|
| Milk (1 gallon) |
$7.10
€6.73
|
$6.80
PAB6.80
|
|
|
Eggs
1 dozen
|
$3.56
€3.37
|
$2.68
PAB2.68
|
|
| Boneless chicken breast (1 lb) |
$4.76
€4.51
|
$3.41
PAB3.41
|
|
| Apples (1 lb) |
$2.07
€1.96
|
$1.48
PAB1.48
|
|
| Bananas (1 lb) |
$1.22
€1.15
|
$0.72
PAB0.72
|
|
| Oranges (1 lb) |
$1.22
€1.15
|
$1.24
PAB1.24
|
|
| Tomatoes (1 lb) |
$1.80
€1.70
|
$1.40
PAB1.40
|
|
| Potatoes (1 lb) |
$0.95
€0.90
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$1.46
€1.38
|
$1.15
PAB1.15
|
|
pay 31.5% less for transportation
|
Monaco
|
Panama City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.55
€8.11
|
$3.69
PAB3.69
|
|
| Monthly public transit pass |
$23.58
€22.36
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$46,276.05
€43,886.45
|
$19,750.00
PAB19,750.00
|
|
| Taxi trip in downtown area (5 miles) |
$20.36
€19.31
|
$16.71
PAB16.71
|
|
pay 62.5% less for housing
|
Monaco
|
Panama City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.09
€57.94
|
$52.10
PAB52.10
|
|
| 1-Bedroom apartment in downtown area |
$8,084.96
€7,667.47
|
$1,023.81
PAB1,023.81
|
|
| 1-Bedroom apartment outside city center |
$6,430.58
€6,098.52
|
$755.88
PAB755.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$235.04
€222.90
|
$94.84
PAB94.84
|
|
pay 77.7% less for childcare
|
Monaco
|
Panama City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,089.94
€1,982.02
|
$439.17
PAB439.17
|
|
| Middle school for 1 child, two semesters |
$42,736.55
€40,529.72
|
$10,092.67
PAB10,092.67
|
|
pay 61.2% less for entertainment and sports
|
Monaco
|
Panama City
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.57
€8.13
|
$3.00
PAB3.00
|
|
| Cappuccino in mid-range area |
$6.62
€6.28
|
$3.59
PAB3.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.40
€12.71
|
$5.50
PAB5.50
|
|
| Monthly membership at local gym |
$515.79
€489.15
|
$47.27
PAB47.27
|
|
| Movie ticket to theater/cinema |
$12.86
€12.20
|
$7.00
PAB7.00
|
|
pay 65.4% less for clothing
|
Monaco
|
Panama City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$174.43
€165.42
|
$53.91
PAB53.91
|
|
|
Regular dress
from H&M or similar store
|
$75.29
€71.40
|
$37.78
PAB37.78
|
|
|
Running shoes
Nike or Adidas
|
$219.18
€207.86
|
$87.62
PAB87.62
|
|
| Men's business shoes (leather) |
$625.91
€593.59
|
$108.75
PAB108.75
|
|
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