Cost of living comparison

compared to

Panama City vs. P'yongyang Cost of Living Summary

Panama City is 3.7 times more expensive than P'yongyang.

Restaurants: pay 9.1% more in Panama City
Groceries: pay 40.0% more in Panama City
Housing: pay 10.4 times more in Panama City
Entertainment and Sports: pay 79.1% more in Panama City

The cost of housing, entertainment and sports, groceries, and restaurants in Panama City are more expensive than in P'yongyang. Notably, housing and entertainment and sports are significantly more expensive in Panama City.

Panama City vs. P'yongyang Cost Breakdown

If you lived in Panama City instead of P'yongyang, you would:

Display currency: USD

pay 9.1% more for restaurants

	P'yongyang	Panama City
Basic meal with drink at inexpensive restaurant	??	$13.25 PAB13.25
Fast food combo meal McDonalds, or similar	??	$8.00 PAB8.00
Bottle of Coca-Cola (11 fl. oz)	$2.14 KPW1,929	$1.86 PAB1.86	-13.4%
Bottle of water (11 fl. oz)	$1.07 KPW965	$1.41 PAB1.41	+31.7%
Average			+9.1%

P'yongyang vs. Panama City - Cost of restaurants

Improve prices · Change currency (USD)

pay 40.0% more for groceries

	P'yongyang	Panama City
Bread 1 loaf	$2.20 KPW1,983	$2.51 PAB2.51	+13.7%
Local cheese (8 oz)	??	$6.39 PAB6.39
Milk (1 gallon)	$3.40 KPW3,058	$6.80 PAB6.80	+100.1%
Eggs 1 dozen	$2.52 KPW2,267	$2.68 PAB2.68	+6.3%
Boneless chicken breast (1 lb)	??	$3.41 PAB3.41
Apples (1 lb)	??	$1.48 PAB1.48
Bananas (1 lb)	??	$0.72 PAB0.72
Oranges (1 lb)	??	$1.24 PAB1.24
Tomatoes (1 lb)	??	$1.40 PAB1.40
Potatoes (1 lb)	??	$0.98 PAB0.98
Onions (1 lb)	??	$1.15 PAB1.15
Average			+40.0%

P'yongyang vs. Panama City - Cost of groceries

Improve prices · Change currency (USD)

pay (unknown) more for transportation

	P'yongyang	Panama City
Gasoline (1 gallon)	??	$3.69 PAB3.69
Monthly public transit pass	??	$25.00 PAB25.00
New Volkswagen Golf 1.4 (standard edition)	??	$19,750.00 PAB19,750.00
Taxi trip in downtown area (5 miles)	??	$16.71 PAB16.71

P'yongyang vs. Panama City - Cost of transportation

Improve prices · Change currency (USD)

pay 10.4 times more for housing

	P'yongyang	Panama City
Internet connection 50 mbps or faster, cable/dsl	??	$52.10 PAB52.10
1-Bedroom apartment in downtown area	$85.74 KPW77,167	$1,023.81 PAB1,023.81	+1094.1%
1-Bedroom apartment outside city center	$85.74 KPW77,167	$755.88 PAB755.88	+781.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	??	$94.84 PAB94.84
Average			+937.8%

P'yongyang vs. Panama City - Cost of housing

Improve prices · Change currency (USD)

pay (unknown) more for childcare

	P'yongyang	Panama City
Private preschool for 1 child, monthly	??	$439.17 PAB439.17
Middle school for 1 child, two semesters	??	$10,092.67 PAB10,092.67

P'yongyang vs. Panama City - Cost of childcare

Improve prices · Change currency (USD)

pay 79.1% more for entertainment and sports

	P'yongyang	Panama City
Domestic/local beer (1 pint)	$12.86 KPW11,575	$3.00 PAB3.00	-76.7%
Cappuccino in mid-range area	$1.07 KPW965	$3.59 PAB3.59	+234.9%
Pack of cigarettes Marlboro or similar	??	$5.50 PAB5.50
Monthly membership at local gym	??	$47.27 PAB47.27
Movie ticket to theater/cinema	??	$7.00 PAB7.00
Average			+79.1%

P'yongyang vs. Panama City - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay (unknown) more for clothing

	P'yongyang	Panama City
Regular jeans Levi's brand	??	$53.91 PAB53.91
Regular dress from H&M or similar store	??	$37.78 PAB37.78
Running shoes Nike or Adidas	??	$87.62 PAB87.62
Men's business shoes (leather)	??	$108.75 PAB108.75

P'yongyang vs. Panama City - Cost of clothing

Improve prices · Change currency (USD)

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: January 2025

More cost comparisons

P'yongyang vs.

Vienna

P'yongyang vs.

Cairo

P'yongyang vs.

Hanoi

P'yongyang vs.

London

P'yongyang vs.

Delhi

P'yongyang vs.

Dodoma

P'yongyang vs.

Kiev

P'yongyang vs.

Manila

Share this

Compare countries by overall cost of living

See the cost of living in North Korea vs. Panama. This provides a comparison of the average cost of living from cities within North Korea and Panama.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for P'yongyang

Add prices for Panama City

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Panama City or P'yongyang. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.