Cost of living comparison
Panama is 2.2 times more expensive than Nigeria overall.
- Restaurants
-
pay 3.5 times more in Panama
- Groceries
-
pay 38.6% more in Panama
- Transportation
-
pay 19.3% more in Panama
- Housing
-
pay 91.0% more in Panama
- Childcare
-
pay 3.6 times more in Panama
- Entertainment and Sports
-
pay 91.2% more in Panama
- Clothing
-
pay 76.0% more in Panama
The cost of childcare, restaurants, entertainment and sports, housing, clothing, and groceries in Panama are more expensive than in Nigeria. Notably, childcare, restaurants, and entertainment and sports are significantly more expensive in Panama.
If you lived in Panama instead of Nigeria, you would:
pay 3.5 times more for restaurants
|
Nigeria
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$2.61
NGN3,999.33
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.61
NGN8,589.18
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.38
NGN582.59
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$0.23
NGN346.63
|
$1.17
PAB1.17
|
|
pay 38.6% more for groceries
|
Nigeria
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.27
NGN1,941.79
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$2.51
NGN3,851.41
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$9.86
NGN15,103.87
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$1.87
NGN2,870.80
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$2.04
NGN3,118.07
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$1.75
NGN2,678.48
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.90
NGN1,383.05
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.73
NGN1,122.60
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$0.79
NGN1,206.99
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.82
NGN1,253.12
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.83
NGN1,278.43
|
$1.01
PAB1.01
|
|
pay 19.3% more for transportation
|
Nigeria
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.41
NGN3,690.54
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$36.26
NGN55,543.63
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$16,757.94
NGN25,673,332.02
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$12.54
NGN19,207.61
|
$16.61
PAB16.61
|
|
pay 91.0% more for housing
|
Nigeria
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$29.99
NGN45,951.71
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$731.80
NGN1,121,125.71
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$456.14
NGN698,815.59
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$18.28
NGN28,007.78
|
$69.20
PAB69.20
|
|
pay 3.6 times more for childcare
|
Nigeria
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$85.98
NGN131,725.94
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$1,787.42
NGN2,738,352.33
|
$6,548.17
PAB6,548.17
|
|
pay 91.2% more for entertainment and sports
|
Nigeria
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.91
NGN1,387.08
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$2.04
NGN3,118.81
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.60
NGN2,450.33
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$36.79
NGN56,364.84
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$6.47
NGN9,907.35
|
$5.33
PAB5.33
|
|
pay 76.0% more for clothing
|
Nigeria
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$17.81
NGN27,290.45
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$28.83
NGN44,174.40
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$57.22
NGN87,658.24
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$57.36
NGN87,881.33
|
$100.42
PAB100.42
|
|
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