Cost of living comparison
Panama is 0.5% more expensive than Palau overall.
- Restaurants
-
pay 7.1% less in Panama
- Groceries
-
pay 39.0% less in Panama
- Transportation
-
pay 16.9% less in Panama
- Housing
-
pay 33.0% less in Panama
- Childcare
-
pay 2.5 times more in Panama
- Entertainment and Sports
-
pay 8.8% less in Panama
- Clothing
-
pay 37.8% less in Panama
Expenses including groceries, clothing, housing, transportation, entertainment and sports, and restaurants are lower in Panama. Notably, childcare is significantly more expensive in Panama.
If you lived in Panama instead of Palau, you would:
pay 7.1% less for restaurants
|
Palau
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$12.00
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.00
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.37
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$1.07
|
$1.17
PAB1.17
|
|
pay 39.0% less for groceries
|
Palau
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.44
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$5.00
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$9.97
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$5.97
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$6.30
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$2.40
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$1.00
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$2.50
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$7.50
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$2.09
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$1.50
|
$1.01
PAB1.01
|
|
pay 16.9% less for transportation
|
Palau
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.75
|
$3.92
PAB3.92
|
|
| Monthly public transit pass | ?? |
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$17,500.00
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$16.61
PAB16.61
|
|
pay 33.0% less for housing
|
Palau
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$129.50
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$900.00
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$700.00
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
?? |
$69.20
PAB69.20
|
|
pay 2.5 times more for childcare
|
Palau
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$200.00
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$1,920.00
|
$6,548.17
PAB6,548.17
|
|
pay 8.8% less for entertainment and sports
|
Palau
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.50
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$4.08
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.25
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$55.00
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema | ?? |
$5.33
PAB5.33
|
|
pay 37.8% less for clothing
|
Palau
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$62.50
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$52.50
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$147.50
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$195.00
|
$100.42
PAB100.42
|
|
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