Cost of living comparison
Mongolia is 15.2% cheaper than Panama.
If you lived in Mongolia instead of Panama, you would:
pay 44.8% less for restaurants
|
Panama
|
Mongolia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$5.08
MNT17,250.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$4.86
MNT16,500.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$0.84
MNT2,852.94
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$0.52
MNT1,773.33
|
|
pay 5.7% less for groceries
|
Panama
|
Mongolia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$0.92
MNT3,124.01
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$6.82
MNT23,187.50
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$5.44
MNT18,498.60
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$2.21
MNT7,518.68
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$2.04
MNT6,945.64
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$1.69
MNT5,745.51
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$1.30
MNT4,430.09
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$1.91
MNT6,503.39
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$1.47
MNT5,003.13
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.31
MNT1,037.72
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$0.46
MNT1,547.26
|
|
pay 18.4% less for transportation
|
Panama
|
Mongolia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$4.00
MNT13,586.19
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$8.09
MNT27,500.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$30,311.95
MNT103,000,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$5.30
MNT18,000.00
|
|
pay 33.5% less for housing
|
Panama
|
Mongolia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$14.66
MNT49,800.00
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$559.15
MNT1,900,000.00
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$428.82
MNT1,457,142.86
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$58.64
MNT199,261.01
|
|
pay 15.9% less for childcare
|
Panama
|
Mongolia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$153.03
MNT520,000.00
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$7,690.11
MNT26,131,000.00
|
|
pay 22.4% less for entertainment and sports
|
Panama
|
Mongolia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$1.77
MNT6,000.00
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$2.52
MNT8,557.14
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$1.77
MNT6,000.00
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$59.96
MNT203,750.00
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$4.56
MNT15,500.00
|
|
pay 34.0% more for clothing
|
Panama
|
Mongolia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$66.51
MNT226,000.00
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$50.62
MNT171,999.80
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$88.29
MNT300,000.00
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$142.24
MNT483,333.33
|
|
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