Cost of living comparison
Panama is 27.0% cheaper than Norway.
If you lived in Panama instead of Norway, you would:
pay 48.2% less for restaurants
Norway
|
Panama
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$18.52
NOK205.38
|
$8.45
PAB8.45
|
|
Fast food combo meal
McDonalds, or similar
|
$12.17
NOK134.92
|
$7.90
PAB7.90
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.88
NOK31.92
|
$1.54
PAB1.54
|
|
Bottle of water (11 fl. oz) |
$2.70
NOK29.96
|
$1.17
PAB1.17
|
|
pay 11.7% less for groceries
Norway
|
Panama
|
||
---|---|---|---|
Bread
1 loaf
|
$3.03
NOK33.59
|
$2.19
PAB2.19
|
|
Local cheese (8 oz) |
$5.10
NOK56.52
|
$5.66
PAB5.66
|
|
Milk (1 gallon) |
$7.41
NOK82.22
|
$6.43
PAB6.43
|
|
Eggs
1 dozen
|
$3.71
NOK41.14
|
$2.53
PAB2.53
|
|
Boneless chicken breast (1 lb) |
$5.92
NOK65.70
|
$3.54
PAB3.54
|
|
Apples (1 lb) |
$1.32
NOK14.59
|
$2.12
PAB2.12
|
|
Bananas (1 lb) |
$0.98
NOK10.91
|
$0.61
PAB0.61
|
|
Oranges (1 lb) |
$1.29
NOK14.31
|
$1.29
PAB1.29
|
|
Tomatoes (1 lb) |
$1.82
NOK20.16
|
$1.16
PAB1.16
|
|
Potatoes (1 lb) |
$0.96
NOK10.59
|
$0.98
PAB0.98
|
|
Onions (1 lb) |
$1.05
NOK11.68
|
$1.01
PAB1.01
|
|
pay 45.0% less for transportation
Norway
|
Panama
|
||
---|---|---|---|
Gasoline (1 gallon) |
$7.32
NOK81.20
|
$3.92
PAB3.92
|
|
Monthly public transit pass |
$67.29
NOK746.19
|
$25.00
PAB25.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$32,441.53
NOK359,753.91
|
$18,916.67
PAB18,916.67
|
|
Taxi trip in downtown area (5 miles) |
$23.50
NOK260.58
|
$16.61
PAB16.61
|
|
pay 30.0% less for housing
Norway
|
Panama
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$52.97
NOK587.35
|
$47.61
PAB47.61
|
|
1-Bedroom apartment in downtown area |
$1,030.17
NOK11,423.86
|
$747.76
PAB747.76
|
|
1-Bedroom apartment outside city center |
$803.77
NOK8,913.22
|
$567.84
PAB567.84
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$148.13
NOK1,642.69
|
$69.20
PAB69.20
|
|
pay 9.1% more for childcare
Norway
|
Panama
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$272.16
NOK3,018.09
|
$302.08
PAB302.08
|
|
Middle school for 1 child, two semesters |
$6,113.04
NOK67,789.38
|
$6,548.17
PAB6,548.17
|
|
pay 38.5% less for entertainment and sports
Norway
|
Panama
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.83
NOK97.90
|
$1.95
PAB1.95
|
|
Cappuccino in mid-range area |
$4.64
NOK51.44
|
$3.39
PAB3.39
|
|
Pack of cigarettes
Marlboro or similar
|
$13.25
NOK146.93
|
$5.38
PAB5.38
|
|
Monthly membership at local gym |
$43.21
NOK479.14
|
$57.20
PAB57.20
|
|
Movie ticket to theater/cinema |
$13.55
NOK150.30
|
$5.33
PAB5.33
|
|
pay 24.7% less for clothing
Norway
|
Panama
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$87.77
NOK973.36
|
$47.41
PAB47.41
|
|
Regular dress
from H&M or similar store
|
$40.11
NOK444.76
|
$34.81
PAB34.81
|
|
Running shoes
Nike or Adidas
|
$100.53
NOK1,114.78
|
$81.21
PAB81.21
|
|
Men's business shoes (leather) |
$126.05
NOK1,397.83
|
$100.42
PAB100.42
|
|
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