Cost of living comparison
Lima is 23.5% cheaper than Panama City.
If you lived in Lima instead of Panama City, you would:
pay 50.4% less for restaurants
|
Panama City
|
Lima
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$12.00
PAB12.00
|
$4.03
PEN15.20
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.25
PAB8.25
|
$6.18
PEN23.30
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.76
PAB1.76
|
$0.86
PEN3.26
|
|
| Bottle of water (11 fl. oz) |
$1.33
PAB1.33
|
$0.55
PEN2.06
|
|
pay 34.7% less for groceries
|
Panama City
|
Lima
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.40
PAB2.40
|
$2.33
PEN8.80
|
|
| Local cheese (8 oz) |
$5.44
PAB5.44
|
$3.60
PEN13.58
|
|
| Milk (1 gallon) |
$6.66
PAB6.66
|
$4.93
PEN18.59
|
|
|
Eggs
1 dozen
|
$2.54
PAB2.54
|
$2.67
PEN10.07
|
|
| Boneless chicken breast (1 lb) |
$3.39
PAB3.39
|
$2.37
PEN8.93
|
|
| Apples (1 lb) |
$1.40
PAB1.40
|
$0.80
PEN3.00
|
|
| Bananas (1 lb) |
$0.62
PAB0.62
|
$0.49
PEN1.86
|
|
| Oranges (1 lb) |
$1.30
PAB1.30
|
$0.46
PEN1.75
|
|
| Tomatoes (1 lb) |
$1.41
PAB1.41
|
$0.49
PEN1.83
|
|
| Potatoes (1 lb) |
$0.94
PAB0.94
|
$0.48
PEN1.79
|
|
| Onions (1 lb) |
$0.97
PAB0.97
|
$0.48
PEN1.83
|
|
pay 19.5% more for transportation
|
Panama City
|
Lima
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.69
PAB3.69
|
$5.61
PEN21.16
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$20.86
PEN78.62
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$22,250.00
PAB22,250.00
|
$21,497.63
PEN81,041.60
|
|
| Taxi trip in downtown area (5 miles) |
$14.00
PAB14.00
|
$20.42
PEN76.99
|
|
pay 42.0% less for housing
|
Panama City
|
Lima
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$51.82
PAB51.82
|
$29.05
PEN109.51
|
|
| 1-Bedroom apartment in downtown area |
$925.91
PAB925.91
|
$557.54
PEN2,101.79
|
|
| 1-Bedroom apartment outside city center |
$598.61
PAB598.61
|
$362.83
PEN1,367.78
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$86.14
PAB86.14
|
$47.53
PEN179.17
|
|
pay 31.1% less for childcare
|
Panama City
|
Lima
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$408.12
PAB408.12
|
$250.81
PEN945.49
|
|
| Middle school for 1 child, two semesters |
$9,675.75
PAB9,675.75
|
$7,392.79
PEN27,869.31
|
|
pay 15.5% less for entertainment and sports
|
Panama City
|
Lima
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.50
PAB2.50
|
$2.15
PEN8.10
|
|
| Cappuccino in mid-range area |
$3.70
PAB3.70
|
$2.66
PEN10.02
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.75
PAB5.75
|
$5.37
PEN20.26
|
|
| Monthly membership at local gym |
$40.93
PAB40.93
|
$30.70
PEN115.73
|
|
| Movie ticket to theater/cinema |
$7.00
PAB7.00
|
$6.72
PEN25.33
|
|
pay 10.6% less for clothing
|
Panama City
|
Lima
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.94
PAB53.94
|
$43.97
PEN165.75
|
|
|
Regular dress
from H&M or similar store
|
$40.79
PAB40.79
|
$31.91
PEN120.29
|
|
|
Running shoes
Nike or Adidas
|
$82.58
PAB82.58
|
$81.88
PEN308.68
|
|
| Men's business shoes (leather) |
$92.86
PAB92.86
|
$91.53
PEN345.06
|
|
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