Cost of living comparison
Montenegro is 15.8% more expensive than Panama overall.
- Restaurants
-
pay 30.8% more in Montenegro
- Groceries
-
pay 24.3% less in Montenegro
- Transportation
-
pay 29.4% more in Montenegro
- Housing
-
pay 2.4% less in Montenegro
- Childcare
-
pay 29.9% more in Montenegro
- Entertainment and Sports
-
pay 2.4% less in Montenegro
- Clothing
-
pay 49.4% more in Montenegro
The cost of clothing, restaurants, childcare, and transportation in Montenegro are more expensive than in Panama. Expenses including groceries, housing, and entertainment and sports are lower in Montenegro.
If you lived in Montenegro instead of Panama, you would:
pay 30.8% more for restaurants
|
Panama
|
Montenegro
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$11.31
€10.40
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$8.81
€8.10
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$2.10
€1.93
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$1.65
€1.52
|
|
pay 24.3% less for groceries
|
Panama
|
Montenegro
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$0.98
€0.90
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$4.01
€3.69
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$5.18
€4.76
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$3.02
€2.77
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$3.19
€2.94
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$0.61
€0.56
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$0.83
€0.77
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$0.67
€0.62
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$1.17
€1.08
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.50
€0.46
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$0.59
€0.54
|
|
pay 29.4% more for transportation
|
Panama
|
Montenegro
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$6.10
€5.61
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$39.06
€35.92
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$27,888.35
€25,643.28
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$9.69
€8.91
|
|
pay 2.4% less for housing
|
Panama
|
Montenegro
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$29.16
€26.81
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$691.39
€635.73
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$536.29
€493.12
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$98.51
€90.58
|
|
pay 29.9% more for childcare
|
Panama
|
Montenegro
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$385.16
€354.15
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$8,661.10
€7,963.87
|
|
pay 2.4% less for entertainment and sports
|
Panama
|
Montenegro
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$2.71
€2.49
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$2.26
€2.08
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$4.12
€3.79
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$58.84
€54.11
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$5.48
€5.04
|
|
pay 49.4% more for clothing
|
Panama
|
Montenegro
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$83.30
€76.59
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$45.33
€41.68
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$104.82
€96.38
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$163.37
€150.22
|
|
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