Cost of living comparison

Panama

compared to

Cabo Verde

Cabo Verde vs. Panama Cost of Living Summary

Cabo Verde is 0.3% more expensive than Panama overall.

Restaurants: pay 9.0% less in Cabo Verde
Groceries: pay 14.0% more in Cabo Verde
Transportation: pay 37.3% more in Cabo Verde
Housing: pay 3.7% less in Cabo Verde
Childcare: pay 55.9% less in Cabo Verde
Entertainment and Sports: pay 0.8% less in Cabo Verde
Clothing: pay 20.5% more in Cabo Verde

The cost of transportation, clothing, and groceries in Cabo Verde are more expensive than in Panama. Expenses including childcare, restaurants, housing, and entertainment and sports are lower in Cabo Verde.

Cabo Verde vs. Panama Cost Breakdown

If you lived in Cabo Verde instead of Panama, you would:

Display currency: USD

pay 9.0% less for restaurants

	Panama	Cabo Verde
Basic meal with drink at inexpensive restaurant	$8.45 PAB8.45	$5.10 CVE522.44	-39.6%
Fast food combo meal McDonalds, or similar	$7.90 PAB7.90	$4.86 CVE497.56	-38.5%
Bottle of Coca-Cola (11 fl. oz)	$1.54 PAB1.54	$2.16 CVE220.85	+40.1%
Bottle of water (11 fl. oz)	$1.17 PAB1.17	$1.19 CVE121.93	+2.1%
Average			-9.0%

Panama vs. Cabo Verde - Cost of restaurants

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pay 14.0% more for groceries

	Panama	Cabo Verde
Bread 1 loaf	$2.19 PAB2.19	$2.51 CVE257.11	+14.7%
Local cheese (8 oz)	$5.66 PAB5.66	$6.73 CVE688.47	+18.8%
Milk (1 gallon)	$6.43 PAB6.43	$5.01 CVE513.25	-22.0%
Eggs 1 dozen	$2.53 PAB2.53	$2.80 CVE287.09	+11.0%
Boneless chicken breast (1 lb)	$3.54 PAB3.54	$3.29 CVE336.84	-7.1%
Apples (1 lb)	$2.12 PAB2.12	$1.61 CVE164.79	-23.9%
Bananas (1 lb)	$0.61 PAB0.61	$1.17 CVE119.33	+90.4%
Oranges (1 lb)	$1.29 PAB1.29	$1.40 CVE142.94	+8.2%
Tomatoes (1 lb)	$1.16 PAB1.16	$1.96 CVE200.68	+69.5%
Potatoes (1 lb)	$0.98 PAB0.98	$1.07 CVE109.46	+8.8%
Onions (1 lb)	$1.01 PAB1.01	$0.87 CVE88.77	-13.9%
Average			+14.0%

Panama vs. Cabo Verde - Cost of groceries

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pay 37.3% more for transportation

	Panama	Cabo Verde
Gasoline (1 gallon)	$3.92 PAB3.92	$6.45 CVE660.54	+64.5%
Monthly public transit pass	$25.00 PAB25.00	$25.28 CVE2,587.33	+1.1%
New Volkswagen Golf 1.4 (standard edition)	$18,916.67 PAB18,916.67	$29,166.78 CVE2,985,380.18	+54.2%
Taxi trip in downtown area (5 miles)	$16.61 PAB16.61	$21.51 CVE2,201.72	+29.5%
Average			+37.3%

Panama vs. Cabo Verde - Cost of transportation

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pay 3.7% less for housing

	Panama	Cabo Verde
Internet connection 50 mbps or faster, cable/dsl	$47.61 PAB47.61	$57.24 CVE5,858.81	+20.2%
1-Bedroom apartment in downtown area	$747.76 PAB747.76	$475.70 CVE48,690.52	-36.4%
1-Bedroom apartment outside city center	$567.84 PAB567.84	$350.12 CVE35,836.80	-38.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$69.20 PAB69.20	$96.76 CVE9,903.43	+39.8%
Average			-3.7%

Panama vs. Cabo Verde - Cost of housing

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pay 55.9% less for childcare

	Panama	Cabo Verde
Private preschool for 1 child, monthly	$302.08 PAB302.08	$136.23 CVE13,943.79	-54.9%
Middle school for 1 child, two semesters	$6,548.17 PAB6,548.17	$2,824.32 CVE289,084.31	-56.9%
Average			-55.9%

Panama vs. Cabo Verde - Cost of childcare

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pay 0.8% less for entertainment and sports

	Panama	Cabo Verde
Domestic/local beer (1 pint)	$1.95 PAB1.95	$2.70 CVE276.15	+38.4%
Cappuccino in mid-range area	$3.39 PAB3.39	$1.80 CVE183.99	-46.9%
Pack of cigarettes Marlboro or similar	$5.38 PAB5.38	$4.38 CVE447.81	-18.6%
Monthly membership at local gym	$57.20 PAB57.20	$44.16 CVE4,519.53	-22.8%
Movie ticket to theater/cinema	$5.33 PAB5.33	$7.78 CVE796.10	+45.8%
Average			-0.8%

Panama vs. Cabo Verde - Cost of entertainment and sports

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pay 20.5% more for clothing

	Panama	Cabo Verde
Regular jeans Levi's brand	$47.41 PAB47.41	$46.18 CVE4,726.85	-2.6%
Regular dress from H&M or similar store	$34.81 PAB34.81	$43.75 CVE4,478.07	+25.7%
Running shoes Nike or Adidas	$81.21 PAB81.21	$92.36 CVE9,453.70	+13.7%
Men's business shoes (leather)	$100.42 PAB100.42	$145.83 CVE14,926.90	+45.2%
Average			+20.5%

Panama vs. Cabo Verde - Cost of clothing

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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: April 2025

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