Cost of living comparison
Cyprus is 26.8% more expensive than Panama overall.
- Restaurants
-
pay 21.7% more in Cyprus
- Groceries
-
pay 5.5% less in Cyprus
- Transportation
-
pay 44.1% more in Cyprus
- Housing
-
pay 27.9% more in Cyprus
- Childcare
-
pay 24.8% more in Cyprus
- Entertainment and Sports
-
pay 36.5% more in Cyprus
- Clothing
-
pay 38.0% more in Cyprus
The cost of transportation, clothing, entertainment and sports, housing, childcare, and restaurants in Cyprus are more expensive than in Panama.
If you lived in Cyprus instead of Panama, you would:
pay 21.7% more for restaurants
|
Panama
|
Cyprus
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$15.56
€13.68
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$8.31
€7.31
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$1.68
€1.47
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$1.03
€0.91
|
|
pay 5.5% less for groceries
|
Panama
|
Cyprus
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$1.77
€1.56
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$6.32
€5.55
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$6.39
€5.62
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$3.86
€3.39
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$3.79
€3.33
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$1.18
€1.04
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$0.84
€0.74
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$0.92
€0.81
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$1.25
€1.10
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.59
€0.52
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$0.57
€0.50
|
|
pay 44.1% more for transportation
|
Panama
|
Cyprus
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$5.54
€4.87
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$42.87
€37.70
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$26,716.67
€23,492.53
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$20.31
€17.86
|
|
pay 27.9% more for housing
|
Panama
|
Cyprus
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$33.66
€29.60
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$862.00
€757.98
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$707.00
€621.68
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$139.26
€122.46
|
|
pay 24.8% more for childcare
|
Panama
|
Cyprus
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$417.93
€367.50
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$7,282.83
€6,403.95
|
|
pay 36.5% more for entertainment and sports
|
Panama
|
Cyprus
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$3.45
€3.04
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$3.61
€3.18
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$4.90
€4.31
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$59.44
€52.27
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$10.85
€9.54
|
|
pay 38.0% more for clothing
|
Panama
|
Cyprus
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$81.33
€71.51
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$46.86
€41.20
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$112.61
€99.02
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$107.65
€94.66
|
|
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