Cost of living comparison
Luxembourg is 2.0 times more expensive than Panama.
If you lived in Luxembourg instead of Panama, you would:
pay 2.1 times more for restaurants
|
Panama
|
Luxembourg
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$18.85
€17.87
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$12.97
€12.30
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$3.11
€2.95
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$2.98
€2.83
|
|
pay 27.5% more for groceries
|
Panama
|
Luxembourg
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$3.15
€2.98
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$9.88
€9.37
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$4.86
€4.61
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$4.25
€4.03
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$7.68
€7.29
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$1.19
€1.13
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$0.80
€0.76
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$1.18
€1.12
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$1.72
€1.63
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.99
€0.94
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$0.96
€0.91
|
|
pay 69.8% more for transportation
|
Panama
|
Luxembourg
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$6.37
€6.04
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$26,949.84
€25,558.20
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$34.01
€32.25
|
|
pay 2.4 times more for housing
|
Panama
|
Luxembourg
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$54.60
€51.78
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$1,768.97
€1,677.62
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$1,639.77
€1,555.09
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$211.55
€200.62
|
|
pay 3.7 times more for childcare
|
Panama
|
Luxembourg
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$1,523.51
€1,444.84
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$15,004.68
€14,229.87
|
|
pay 65.8% more for entertainment and sports
|
Panama
|
Luxembourg
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$5.20
€4.93
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$4.33
€4.11
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$6.16
€5.84
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$33.59
€31.86
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$13.93
€13.21
|
|
pay 34.5% more for clothing
|
Panama
|
Luxembourg
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$81.75
€77.53
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$41.83
€39.67
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$96.18
€91.22
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$127.67
€121.08
|
|
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