Cost of living comparison
Lima is 25.8% cheaper than Panama City.
- Restaurants
-
pay 50.9% less in Lima
- Groceries
-
pay 36.0% less in Lima
- Transportation
-
pay 19.8% more in Lima
- Housing
-
pay 49.6% less in Lima
- Childcare
-
pay 36.9% less in Lima
- Entertainment and Sports
-
pay 16.3% less in Lima
- Clothing
-
pay 11.0% less in Lima
Expenses including restaurants, housing, childcare, groceries, entertainment and sports, and clothing are lower in Lima.
If you lived in Lima instead of Panama City, you would:
pay 50.9% less for restaurants
|
Panama City
|
Lima
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.25
PAB13.25
|
$5.23
PEN19.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.00
PAB8.00
|
$6.10
PEN22.46
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.86
PAB1.86
|
$0.83
PEN3.05
|
|
| Bottle of water (11 fl. oz) |
$1.41
PAB1.41
|
$0.51
PEN1.87
|
|
pay 36.0% less for groceries
|
Panama City
|
Lima
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.51
PAB2.51
|
$2.42
PEN8.93
|
|
| Local cheese (8 oz) |
$6.39
PAB6.39
|
$4.22
PEN15.55
|
|
| Milk (1 gallon) |
$6.80
PAB6.80
|
$4.95
PEN18.24
|
|
|
Eggs
1 dozen
|
$2.68
PAB2.68
|
$2.70
PEN9.96
|
|
| Boneless chicken breast (1 lb) |
$3.41
PAB3.41
|
$2.25
PEN8.28
|
|
| Apples (1 lb) |
$1.48
PAB1.48
|
$0.87
PEN3.22
|
|
| Bananas (1 lb) |
$0.72
PAB0.72
|
$0.50
PEN1.86
|
|
| Oranges (1 lb) |
$1.24
PAB1.24
|
$0.48
PEN1.77
|
|
| Tomatoes (1 lb) |
$1.40
PAB1.40
|
$0.52
PEN1.93
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.53
PEN1.97
|
|
| Onions (1 lb) |
$1.15
PAB1.15
|
$0.48
PEN1.75
|
|
pay 19.8% more for transportation
|
Panama City
|
Lima
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.69
PAB3.69
|
$5.39
PEN19.84
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$23.85
PEN87.87
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$19,750.00
PAB19,750.00
|
$23,163.52
PEN85,334.39
|
|
| Taxi trip in downtown area (5 miles) |
$16.71
PAB16.71
|
$20.14
PEN74.20
|
|
pay 49.6% less for housing
|
Panama City
|
Lima
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$52.10
PAB52.10
|
$26.56
PEN97.86
|
|
| 1-Bedroom apartment in downtown area |
$1,023.81
PAB1,023.81
|
$575.58
PEN2,120.43
|
|
| 1-Bedroom apartment outside city center |
$755.88
PAB755.88
|
$363.71
PEN1,339.89
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.84
PAB94.84
|
$44.01
PEN162.12
|
|
pay 36.9% less for childcare
|
Panama City
|
Lima
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$439.17
PAB439.17
|
$213.68
PEN787.20
|
|
| Middle school for 1 child, two semesters |
$10,092.67
PAB10,092.67
|
$7,818.35
PEN28,802.80
|
|
pay 16.3% less for entertainment and sports
|
Panama City
|
Lima
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.00
PAB3.00
|
$2.12
PEN7.81
|
|
| Cappuccino in mid-range area |
$3.59
PAB3.59
|
$2.62
PEN9.65
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.50
PAB5.50
|
$5.30
PEN19.53
|
|
| Monthly membership at local gym |
$47.27
PAB47.27
|
$30.52
PEN112.42
|
|
| Movie ticket to theater/cinema |
$7.00
PAB7.00
|
$7.95
PEN29.29
|
|
pay 11.0% less for clothing
|
Panama City
|
Lima
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.91
PAB53.91
|
$42.79
PEN157.65
|
|
|
Regular dress
from H&M or similar store
|
$37.78
PAB37.78
|
$34.98
PEN128.87
|
|
|
Running shoes
Nike or Adidas
|
$87.62
PAB87.62
|
$85.21
PEN313.90
|
|
| Men's business shoes (leather) |
$108.75
PAB108.75
|
$94.35
PEN347.59
|
|
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