Cost of living comparison
Panama City is 2.2 times more expensive than Monrovia.
If you lived in Panama City instead of Monrovia, you would:
pay 2.8% less for restaurants
|
Monrovia
|
Panama City
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.25
LRD1,522.56
|
$13.25
PAB13.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.00
LRD2,030.08
|
$8.00
PAB8.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.88
LRD346.04
|
$1.86
PAB1.86
|
|
| Bottle of water (11 fl. oz) |
$2.50
LRD461.38
|
$1.41
PAB1.41
|
|
pay 13.7% less for groceries
|
Monrovia
|
Panama City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.65
LRD305.15
|
$2.51
PAB2.51
|
|
| Local cheese (8 oz) |
$5.91
LRD1,089.86
|
$6.39
PAB6.39
|
|
| Milk (1 gallon) |
$6.08
LRD1,122.68
|
$6.80
PAB6.80
|
|
|
Eggs
1 dozen
|
$3.63
LRD669.55
|
$2.68
PAB2.68
|
|
| Boneless chicken breast (1 lb) |
$4.48
LRD826.14
|
$3.41
PAB3.41
|
|
| Apples (1 lb) |
$0.74
LRD137.01
|
$1.48
PAB1.48
|
|
| Bananas (1 lb) |
$2.58
LRD475.89
|
$0.72
PAB0.72
|
|
| Oranges (1 lb) |
$3.95
LRD729.65
|
$1.24
PAB1.24
|
|
| Tomatoes (1 lb) |
$3.18
LRD586.95
|
$1.40
PAB1.40
|
|
| Potatoes (1 lb) |
$1.03
LRD190.07
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$3.88
LRD715.14
|
$1.15
PAB1.15
|
|
pay 84.4% more for transportation
|
Monrovia
|
Panama City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.03
LRD744.01
|
$3.69
PAB3.69
|
|
| Monthly public transit pass |
$20.00
LRD3,691.05
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$5,069.87
LRD935,658.55
|
$19,750.00
PAB19,750.00
|
|
| Taxi trip in downtown area (5 miles) |
$12.69
LRD2,342.33
|
$16.71
PAB16.71
|
|
pay 2.7 times more for housing
|
Monrovia
|
Panama City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$93.25
LRD17,209.52
|
$52.10
PAB52.10
|
|
| 1-Bedroom apartment in downtown area |
$666.67
LRD123,035.10
|
$1,023.81
PAB1,023.81
|
|
| 1-Bedroom apartment outside city center |
$90.00
LRD16,609.74
|
$755.88
PAB755.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$208.46
LRD38,471.31
|
$94.84
PAB94.84
|
|
pay 6.3 times more for childcare
|
Monrovia
|
Panama City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$74.33
LRD13,717.93
|
$439.17
PAB439.17
|
|
| Middle school for 1 child, two semesters |
$1,500.00
LRD276,828.98
|
$10,092.67
PAB10,092.67
|
|
pay 4.3% less for entertainment and sports
|
Monrovia
|
Panama City
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.50
LRD461.38
|
$3.00
PAB3.00
|
|
| Cappuccino in mid-range area |
$3.12
LRD576.73
|
$3.59
PAB3.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.00
LRD922.76
|
$5.50
PAB5.50
|
|
| Monthly membership at local gym |
$76.25
LRD14,072.14
|
$47.27
PAB47.27
|
|
| Movie ticket to theater/cinema |
$9.75
LRD1,799.34
|
$7.00
PAB7.00
|
|
pay 79.7% more for clothing
|
Monrovia
|
Panama City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$18.41
LRD3,398.06
|
$53.91
PAB53.91
|
|
|
Regular dress
from H&M or similar store
|
$33.75
LRD6,228.65
|
$37.78
PAB37.78
|
|
|
Running shoes
Nike or Adidas
|
$56.25
LRD10,381.09
|
$87.62
PAB87.62
|
|
| Men's business shoes (leather) |
$68.75
LRD12,688.00
|
$108.75
PAB108.75
|
|
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