Cost of living comparison
Monaco is 4.3 times more expensive than Panama.
If you lived in Monaco instead of Panama, you would:
pay 4.2 times more for restaurants
|
Panama
|
Monaco
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$36.21
€34.34
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$11.32
€10.73
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$5.61
€5.32
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$8.77
€8.31
|
|
pay 2.1 times more for groceries
|
Panama
|
Monaco
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$5.69
€5.40
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$11.39
€10.80
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$8.62
€8.18
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$5.55
€5.26
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$8.45
€8.01
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$2.57
€2.44
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$2.47
€2.34
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$1.98
€1.88
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$2.92
€2.77
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$1.69
€1.60
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$2.02
€1.92
|
|
pay 82.2% more for transportation
|
Panama
|
Monaco
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$8.68
€8.23
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$29.74
€28.21
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$49,160.43
€46,621.89
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$21.44
€20.33
|
|
pay 7.7 times more for housing
|
Panama
|
Monaco
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$110.93
€105.20
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$9,401.30
€8,915.83
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$6,591.34
€6,250.98
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$292.40
€277.30
|
|
pay 6.8 times more for childcare
|
Panama
|
Monaco
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$2,759.79
€2,617.28
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$29,406.50
€27,888.01
|
|
pay 4.1 times more for entertainment and sports
|
Panama
|
Monaco
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$9.11
€8.64
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$6.29
€5.97
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$12.06
€11.43
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$512.44
€485.98
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$15.00
€14.23
|
|
pay 3.3 times more for clothing
|
Panama
|
Monaco
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$194.39
€184.35
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$75.16
€71.28
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$203.37
€192.87
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$446.93
€423.85
|
|
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