Cost of living comparison
South Korea is 27.1% more expensive than Panama.
If you lived in South Korea instead of Panama, you would:
pay 24.4% less for restaurants
|
Panama
|
South Korea
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$6.16
₩8,651
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$5.24
₩7,358
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$1.47
₩2,067
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$0.79
₩1,112
|
|
pay 50.7% more for groceries
|
Panama
|
South Korea
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$3.08
₩4,321
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$5.40
₩7,591
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$7.46
₩10,475
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$2.76
₩3,873
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$3.32
₩4,664
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$3.17
₩4,449
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$1.49
₩2,091
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$2.53
₩3,555
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$2.41
₩3,391
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$1.82
₩2,563
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$1.21
₩1,699
|
|
pay 21.3% more for transportation
|
Panama
|
South Korea
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$4.39
₩6,169
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$45.32
₩63,647
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$27,023.07
₩37,954,166
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$8.17
₩11,477
|
|
pay 21.8% less for housing
|
Panama
|
South Korea
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$17.65
₩24,795
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$426.93
₩599,630
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$328.41
₩461,260
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$111.42
₩156,494
|
|
pay 2.4 times more for childcare
|
Panama
|
South Korea
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$373.40
₩524,445
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$22,907.58
₩32,173,919
|
|
pay 17.6% more for entertainment and sports
|
Panama
|
South Korea
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$3.09
₩4,346
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$3.39
₩4,760
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$3.21
₩4,514
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$45.71
₩64,202
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$10.10
₩14,183
|
|
pay 9.8% more for clothing
|
Panama
|
South Korea
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$60.70
₩85,260
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$44.52
₩62,532
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$72.99
₩102,518
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$93.73
₩131,645
|
|
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