Cost of living comparison

 Panama City, Panama
compared to
 Luxembourg, Luxembourg
Luxembourg vs. Panama City Cost of Living Summary

Luxembourg is 63.5% more expensive than Panama City.

Restaurants
pay 96.6% more in Luxembourg
Groceries
pay 15.6% more in Luxembourg
Transportation
pay 64.2% more in Luxembourg
Housing
pay 75.3% more in Luxembourg
Childcare
pay 2.4 times more in Luxembourg
Entertainment and Sports
pay 57.0% more in Luxembourg
Clothing
pay 1.8% less in Luxembourg

The cost of childcare, restaurants, housing, transportation, entertainment and sports, and groceries in Luxembourg are more expensive than in Panama City. Notably, childcare, restaurants, and housing are significantly more expensive in Luxembourg.

Luxembourg vs. Panama City Cost Breakdown

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

pay 96.6% more for restaurants

 
Panama City
Luxembourg
Basic meal with drink at inexpensive restaurant $13.25
PAB13.25
$21.44
€18.80
Fast food combo meal
McDonalds, or similar
$8.00
PAB8.00
$12.86
€11.28
Bottle of Coca-Cola (11 fl. oz) $1.86
PAB1.86
$3.89
€3.42

Improve prices ·

pay 15.6% more for groceries

 
Panama City
Luxembourg
Bread
1 loaf
$2.51
PAB2.51
$3.19
€2.80
Local cheese (8 oz) $6.39
PAB6.39
$8.38
€7.35
Milk (1 gallon) $6.80
PAB6.80
$5.80
€5.09

Improve prices ·

pay 64.2% more for transportation

 
Panama City
Luxembourg
Gasoline (1 gallon) $3.69
PAB3.69
$6.12
€5.37
Monthly public transit pass $25.00
PAB25.00
??
New Volkswagen Golf 1.4 (standard edition) $19,750.00
PAB19,750.00
$27,027.72
€23,707.50

Improve prices ·

pay 75.3% more for housing

 
Panama City
Luxembourg
Internet connection
50 mbps or faster, cable/dsl
$52.10
PAB52.10
$51.67
€45.33
1-Bedroom apartment in downtown area $1,023.81
PAB1,023.81
$1,942.57
€1,703.94
1-Bedroom apartment outside city center $755.88
PAB755.88
$1,630.61
€1,430.30

Improve prices ·

pay 2.4 times more for childcare

 
Panama City
Luxembourg
Private preschool for 1 child, monthly $439.17
PAB439.17
$1,316.93
€1,155.15
Middle school for 1 child, two semesters $10,092.67
PAB10,092.67
$17,684.09
€15,511.69

Improve prices ·

pay 57.0% more for entertainment and sports

 
Panama City
Luxembourg
Domestic/local beer (1 pint) $3.00
PAB3.00
$7.23
€6.35
Cappuccino in mid-range area $3.59
PAB3.59
$4.34
€3.81
Pack of cigarettes
Marlboro or similar
$5.50
PAB5.50
$6.16
€5.41

Improve prices ·

pay 1.8% less for clothing

 
Panama City
Luxembourg
Regular jeans
Levi's brand
$53.91
PAB53.91
$64.15
€56.27
Regular dress
from H&M or similar store
$37.78
PAB37.78
$32.76
€28.74
Running shoes
Nike or Adidas
$87.62
PAB87.62
$82.52
€72.38

Improve prices ·
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: June 2025
Share this

Compare countries by overall cost of living

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

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

ASK THE ELSEWHERE COMMUNITY

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