Cost of living comparison

Oslo, Norway

compared to

Panama City, Panama

Panama City vs. Oslo Cost of Living Summary

Panama City is 22.2% cheaper than Oslo.

Restaurants: pay 43.2% less in Panama City
Groceries: pay 18.4% less in Panama City
Transportation: pay 46.5% less in Panama City
Housing: pay 27.6% less in Panama City
Childcare: pay 48.0% more in Panama City
Entertainment and Sports: pay 40.2% less in Panama City
Clothing: pay 27.3% less in Panama City

Expenses including transportation, restaurants, entertainment and sports, housing, clothing, and groceries are lower in Panama City.

Panama City vs. Oslo Cost Breakdown

If you lived in Panama City instead of Oslo, you would:

Display currency: USD

pay 43.2% less for restaurants

	Oslo	Panama City
Basic meal with drink at inexpensive restaurant	$21.80 NOK227.50	$13.25 PAB13.25	-39.2%
Fast food combo meal McDonalds, or similar	$12.31 NOK128.45	$8.00 PAB8.00	-35.0%
Bottle of Coca-Cola (11 fl. oz)	$3.63 NOK37.88	$1.86 PAB1.86	-48.8%
Bottle of water (11 fl. oz)	$2.81 NOK29.36	$1.41 PAB1.41	-49.8%
Average			-43.2%

Oslo vs. Panama City - Cost of restaurants

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pay 18.4% less for groceries

	Oslo	Panama City
Bread 1 loaf	$3.25 NOK33.95	$2.51 PAB2.51	-23.0%
Local cheese (8 oz)	$6.40 NOK66.76	$6.39 PAB6.39	-0.2%
Milk (1 gallon)	$7.87 NOK82.09	$6.80 PAB6.80	-13.6%
Eggs 1 dozen	$4.50 NOK46.93	$2.68 PAB2.68	-40.5%
Boneless chicken breast (1 lb)	$6.79 NOK70.89	$3.41 PAB3.41	-49.8%
Apples (1 lb)	$1.44 NOK15.08	$1.48 PAB1.48	+2.6%
Bananas (1 lb)	$1.04 NOK10.81	$0.72 PAB0.72	-30.2%
Oranges (1 lb)	$1.43 NOK14.92	$1.24 PAB1.24	-13.3%
Tomatoes (1 lb)	$2.19 NOK22.86	$1.40 PAB1.40	-36.2%
Potatoes (1 lb)	$1.08 NOK11.27	$0.98 PAB0.98	-8.9%
Onions (1 lb)	$1.04 NOK10.85	$1.15 PAB1.15	+10.2%
Average			-18.4%

Oslo vs. Panama City - Cost of groceries

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pay 46.5% less for transportation

	Oslo	Panama City
Gasoline (1 gallon)	$7.74 NOK80.82	$3.69 PAB3.69	-52.3%
Monthly public transit pass	$81.47 NOK850.30	$25.00 PAB25.00	-69.3%
New Volkswagen Golf 1.4 (standard edition)	$36,328.41 NOK379,174.19	$19,750.00 PAB19,750.00	-45.6%
Taxi trip in downtown area (5 miles)	$20.53 NOK214.23	$16.71 PAB16.71	-18.6%
Average			-46.5%

Oslo vs. Panama City - Cost of transportation

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pay 27.6% less for housing

	Oslo	Panama City
Internet connection 50 mbps or faster, cable/dsl	$52.77 NOK550.83	$52.10 PAB52.10	-1.3%
1-Bedroom apartment in downtown area	$1,432.43 NOK14,950.84	$1,023.81 PAB1,023.81	-28.5%
1-Bedroom apartment outside city center	$1,135.26 NOK11,849.19	$755.88 PAB755.88	-33.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$179.32 NOK1,871.64	$94.84 PAB94.84	-47.1%
Average			-27.6%

Oslo vs. Panama City - Cost of housing

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pay 48.0% more for childcare

	Oslo	Panama City
Private preschool for 1 child, monthly	$257.78 NOK2,690.56	$439.17 PAB439.17	+70.4%
Middle school for 1 child, two semesters	$8,036.90 NOK83,884.39	$10,092.67 PAB10,092.67	+25.6%
Average			+48.0%

Oslo vs. Panama City - Cost of childcare

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pay 40.2% less for entertainment and sports

	Oslo	Panama City
Domestic/local beer (1 pint)	$9.99 NOK104.27	$3.00 PAB3.00	-70.0%
Cappuccino in mid-range area	$4.35 NOK45.40	$3.59 PAB3.59	-17.5%
Pack of cigarettes Marlboro or similar	$14.53 NOK151.67	$5.50 PAB5.50	-62.2%
Monthly membership at local gym	$46.05 NOK480.63	$47.27 PAB47.27	+2.7%
Movie ticket to theater/cinema	$15.21 NOK158.78	$7.00 PAB7.00	-54.0%
Average			-40.2%

Oslo vs. Panama City - Cost of entertainment and sports

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pay 27.3% less for clothing

	Oslo	Panama City
Regular jeans Levi's brand	$97.96 NOK1,022.49	$53.91 PAB53.91	-45.0%
Regular dress from H&M or similar store	$49.61 NOK517.84	$37.78 PAB37.78	-23.9%
Running shoes Nike or Adidas	$112.16 NOK1,170.63	$87.62 PAB87.62	-21.9%
Men's business shoes (leather)	$133.33 NOK1,391.57	$108.75 PAB108.75	-18.4%
Average			-27.3%

Oslo vs. Panama City - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: April 2025

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