Cost of living comparison

compared to

Madagascar vs. Panama Cost of Living Summary

Madagascar is 35.1% cheaper than Panama overall.

Restaurants: pay 49.0% less in Madagascar
Groceries: pay 49.8% less in Madagascar
Transportation: pay 17.8% less in Madagascar
Housing: pay 45.4% less in Madagascar
Childcare: pay 1.1% more in Madagascar
Entertainment and Sports: pay 39.8% less in Madagascar
Clothing: pay 44.9% less in Madagascar

Expenses including groceries, restaurants, housing, clothing, entertainment and sports, and transportation are lower in Madagascar.

Madagascar vs. Panama Cost Breakdown

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

Display currency: USD

pay 49.0% less for restaurants

	Panama	Madagascar
Basic meal with drink at inexpensive restaurant	$8.45 PAB8.45	$2.90 MGA13,796	-65.7%
Fast food combo meal McDonalds, or similar	$7.90 PAB7.90	$4.30 MGA20,439	-45.6%
Bottle of Coca-Cola (11 fl. oz)	$1.54 PAB1.54	$0.92 MGA4,377	-40.2%
Bottle of water (11 fl. oz)	$1.17 PAB1.17	$0.65 MGA3,094	-44.3%
Average			-49.0%

Panama vs. Madagascar - Cost of restaurants

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pay 49.8% less for groceries

	Panama	Madagascar
Bread 1 loaf	$2.19 PAB2.19	$0.92 MGA4,371	-58.0%
Local cheese (8 oz)	$5.66 PAB5.66	$5.17 MGA24,587	-8.7%
Milk (1 gallon)	$6.43 PAB6.43	$3.71 MGA17,643	-42.3%
Eggs 1 dozen	$2.53 PAB2.53	$1.80 MGA8,584	-28.6%
Boneless chicken breast (1 lb)	$3.54 PAB3.54	$2.51 MGA11,936	-29.1%
Apples (1 lb)	$2.12 PAB2.12	$0.64 MGA3,052	-69.7%
Bananas (1 lb)	$0.61 PAB0.61	$0.32 MGA1,511	-48.1%
Oranges (1 lb)	$1.29 PAB1.29	$0.55 MGA2,607	-57.5%
Tomatoes (1 lb)	$1.16 PAB1.16	$0.34 MGA1,603	-70.9%
Potatoes (1 lb)	$0.98 PAB0.98	$0.28 MGA1,344	-71.2%
Onions (1 lb)	$1.01 PAB1.01	$0.37 MGA1,750	-63.5%
Average			-49.8%

Panama vs. Madagascar - Cost of groceries

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pay 17.8% less for transportation

	Panama	Madagascar
Gasoline (1 gallon)	$3.92 PAB3.92	$4.28 MGA20,358	+9.1%
Monthly public transit pass	$25.00 PAB25.00	??
New Volkswagen Golf 1.4 (standard edition)	$18,916.67 PAB18,916.67	$11,817.99 MGA56,206,119	-37.5%
Taxi trip in downtown area (5 miles)	$16.61 PAB16.61	$12.46 MGA59,272	-25.0%
Average			-17.8%

Panama vs. Madagascar - Cost of transportation

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pay 45.4% less for housing

	Panama	Madagascar
Internet connection 50 mbps or faster, cable/dsl	$47.61 PAB47.61	$58.38 MGA277,673	+22.6%
1-Bedroom apartment in downtown area	$747.76 PAB747.76	$241.73 MGA1,149,671	-67.7%
1-Bedroom apartment outside city center	$567.84 PAB567.84	$65.00 MGA309,160	-88.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$69.20 PAB69.20	$35.96 MGA171,039	-48.0%
Average			-45.4%

Panama vs. Madagascar - Cost of housing

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pay 1.1% more for childcare

	Panama	Madagascar
Private preschool for 1 child, monthly	$302.08 PAB302.08	$89.71 MGA426,656	-70.3%
Middle school for 1 child, two semesters	$6,548.17 PAB6,548.17	$11,292.35 MGA53,706,181	+72.5%
Average			+1.1%

Panama vs. Madagascar - Cost of childcare

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pay 39.8% less for entertainment and sports

	Panama	Madagascar
Domestic/local beer (1 pint)	$1.95 PAB1.95	$0.91 MGA4,343	-53.2%
Cappuccino in mid-range area	$3.39 PAB3.39	$1.13 MGA5,382	-66.6%
Pack of cigarettes Marlboro or similar	$5.38 PAB5.38	$2.46 MGA11,701	-54.2%
Monthly membership at local gym	$57.20 PAB57.20	$30.89 MGA146,902	-46.0%
Movie ticket to theater/cinema	$5.33 PAB5.33	$6.45 MGA30,658	+20.9%
Average			-39.8%

Panama vs. Madagascar - Cost of entertainment and sports

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pay 44.9% less for clothing

	Panama	Madagascar
Regular jeans Levi's brand	$47.41 PAB47.41	$14.15 MGA67,309	-70.2%
Regular dress from H&M or similar store	$34.81 PAB34.81	$15.67 MGA74,516	-55.0%
Running shoes Nike or Adidas	$81.21 PAB81.21	$71.98 MGA342,346	-11.4%
Men's business shoes (leather)	$100.42 PAB100.42	$57.39 MGA272,940	-42.8%
Average			-44.9%

Panama vs. Madagascar - 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: January 2025

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