Cost of living comparison

Panama

compared to

Libya

Libya vs. Panama Cost of Living Summary

Libya is 55.7% cheaper than Panama overall.

Restaurants: pay 62.9% less in Libya
Groceries: pay 57.3% less in Libya
Transportation: pay 37.9% less in Libya
Housing: pay 67.0% less in Libya
Childcare: pay 81.0% less in Libya
Entertainment and Sports: pay 55.0% less in Libya
Clothing: pay 29.0% less in Libya

Expenses including childcare, housing, restaurants, groceries, entertainment and sports, and transportation are lower in Libya.

Libya vs. Panama Cost Breakdown

If you lived in Libya instead of Panama, you would:

Display currency: USD

pay 62.9% less for restaurants

	Panama	Libya
Basic meal with drink at inexpensive restaurant	$8.45 PAB8.45	$4.61 LYD24.820	-45.5%
Fast food combo meal McDonalds, or similar	$7.90 PAB7.90	$4.10 LYD22.060	-48.1%
Bottle of Coca-Cola (11 fl. oz)	$1.54 PAB1.54	$0.48 LYD2.560	-69.2%
Bottle of water (11 fl. oz)	$1.17 PAB1.17	$0.13 LYD0.720	-88.6%
Average			-62.9%

Panama vs. Libya - Cost of restaurants

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pay 57.3% less for groceries

	Panama	Libya
Bread 1 loaf	$2.19 PAB2.19	$0.29 LYD1.590	-86.5%
Local cheese (8 oz)	$5.66 PAB5.66	$2.75 LYD14.830	-51.4%
Milk (1 gallon)	$6.43 PAB6.43	$3.55 LYD19.110	-44.8%
Eggs 1 dozen	$2.53 PAB2.53	$1.68 LYD9.070	-33.3%
Boneless chicken breast (1 lb)	$3.54 PAB3.54	$1.56 LYD8.400	-55.9%
Apples (1 lb)	$2.12 PAB2.12	$0.71 LYD3.810	-66.5%
Bananas (1 lb)	$0.61 PAB0.61	$0.60 LYD3.220	-2.2%
Oranges (1 lb)	$1.29 PAB1.29	$0.42 LYD2.270	-67.3%
Tomatoes (1 lb)	$1.16 PAB1.16	$0.24 LYD1.320	-78.9%
Potatoes (1 lb)	$0.98 PAB0.98	$0.28 LYD1.480	-72.0%
Onions (1 lb)	$1.01 PAB1.01	$0.29 LYD1.550	-71.5%
Average			-57.3%

Panama vs. Libya - Cost of groceries

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pay 37.9% less for transportation

	Panama	Libya
Gasoline (1 gallon)	$3.92 PAB3.92	$0.12 LYD0.630	-97.0%
Monthly public transit pass	$25.00 PAB25.00	$23.74 LYD127.820	-5.0%
New Volkswagen Golf 1.4 (standard edition)	$18,916.67 PAB18,916.67	$16,046.81 LYD86,407.090	-15.2%
Taxi trip in downtown area (5 miles)	$16.61 PAB16.61	$10.88 LYD58.590	-34.5%
Average			-37.9%

Panama vs. Libya - Cost of transportation

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pay 67.0% less for housing

	Panama	Libya
Internet connection 50 mbps or faster, cable/dsl	$47.61 PAB47.61	$29.85 LYD160.760	-37.3%
1-Bedroom apartment in downtown area	$747.76 PAB747.76	$191.92 LYD1,033.450	-74.3%
1-Bedroom apartment outside city center	$567.84 PAB567.84	$108.81 LYD585.900	-80.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$69.20 PAB69.20	$17.03 LYD91.710	-75.4%
Average			-67.0%

Panama vs. Libya - Cost of housing

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pay 81.0% less for childcare

	Panama	Libya
Private preschool for 1 child, monthly	$302.08 PAB302.08	$58.75 LYD316.370	-80.6%
Middle school for 1 child, two semesters	$6,548.17 PAB6,548.17	$1,219.10 LYD6,564.480	-81.4%
Average			-81.0%

Panama vs. Libya - Cost of childcare

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pay 55.0% less for entertainment and sports

	Panama	Libya
Domestic/local beer (1 pint)	$1.95 PAB1.95	$0.68 LYD3.680	-65.0%
Cappuccino in mid-range area	$3.39 PAB3.39	$0.63 LYD3.380	-81.5%
Pack of cigarettes Marlboro or similar	$5.38 PAB5.38	$2.33 LYD12.550	-56.6%
Monthly membership at local gym	$57.20 PAB57.20	$25.64 LYD138.080	-55.2%
Movie ticket to theater/cinema	$5.33 PAB5.33	$4.44 LYD23.900	-16.8%
Average			-55.0%

Panama vs. Libya - Cost of entertainment and sports

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pay 29.0% less for clothing

	Panama	Libya
Regular jeans Levi's brand	$47.41 PAB47.41	$32.50 LYD174.980	-31.5%
Regular dress from H&M or similar store	$34.81 PAB34.81	$32.80 LYD176.610	-5.8%
Running shoes Nike or Adidas	$81.21 PAB81.21	$45.23 LYD243.570	-44.3%
Men's business shoes (leather)	$100.42 PAB100.42	$65.98 LYD355.290	-34.3%
Average			-29.0%

Panama vs. Libya - 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: July 2025

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