Cost of living comparison
Nigeria is 38.2% cheaper than Panama.
If you lived in Nigeria instead of Panama, you would:
pay 63.5% less for restaurants
|
Panama
|
Nigeria
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$2.61
NGN4,350.17
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$5.61
NGN9,342.66
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$0.38
NGN633.70
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$0.23
NGN377.04
|
|
pay 17.4% less for groceries
|
Panama
|
Nigeria
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$1.27
NGN2,112.13
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$2.51
NGN4,189.28
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$9.86
NGN16,428.84
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$1.87
NGN3,122.64
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$2.04
NGN3,391.60
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$1.75
NGN2,913.45
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$0.90
NGN1,504.38
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$0.73
NGN1,221.08
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$0.79
NGN1,312.87
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.82
NGN1,363.05
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$0.83
NGN1,390.58
|
|
pay 7.4% less for transportation
|
Panama
|
Nigeria
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$2.41
NGN4,014.28
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$36.26
NGN60,416.16
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$16,757.94
NGN27,925,506.24
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$12.54
NGN20,892.59
|
|
pay 33.1% less for housing
|
Panama
|
Nigeria
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$29.99
NGN49,982.79
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$731.80
NGN1,219,475.64
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$456.14
NGN760,118.67
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$18.28
NGN30,464.74
|
|
pay 72.1% less for childcare
|
Panama
|
Nigeria
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$85.98
NGN143,281.50
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$1,787.42
NGN2,978,572.28
|
|
pay 35.6% less for entertainment and sports
|
Panama
|
Nigeria
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$0.91
NGN1,508.76
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$2.04
NGN3,392.41
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$1.60
NGN2,665.28
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$36.79
NGN61,309.40
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$6.47
NGN10,776.47
|
|
pay 38.0% less for clothing
|
Panama
|
Nigeria
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$17.81
NGN29,684.49
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$28.83
NGN48,049.56
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$57.22
NGN95,347.99
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$57.36
NGN95,590.65
|
|
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