Cost of living comparison
Turks and Caicos Islands is 92.5% more expensive than Panama overall.
- Restaurants
-
pay 87.5% more in Turks and Caicos Islands
- Groceries
-
pay 2.2 times more in Turks and Caicos Islands
- Transportation
-
pay 2.0 times more in Turks and Caicos Islands
- Housing
-
pay 2.2 times more in Turks and Caicos Islands
- Childcare
-
pay 43.9% more in Turks and Caicos Islands
- Entertainment and Sports
-
pay 2.2 times more in Turks and Caicos Islands
- Clothing
-
pay 56.3% more in Turks and Caicos Islands
The cost of groceries, entertainment and sports, housing, transportation, restaurants, and clothing in Turks and Caicos Islands are more expensive than in Panama. Notably, groceries, entertainment and sports, and housing are significantly more expensive in Turks and Caicos Islands.
If you lived in Turks and Caicos Islands instead of Panama, you would:
pay 87.5% more for restaurants
|
Panama
|
Turks and Caicos Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$20.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$12.50
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$2.50
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$2.25
|
|
pay 2.2 times more for groceries
|
Panama
|
Turks and Caicos Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$3.94
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$13.23
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$19.94
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$4.00
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$6.80
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
?? | |
| Bananas (1 lb) |
$0.61
PAB0.61
|
?? | |
| Oranges (1 lb) |
$1.29
PAB1.29
|
?? | |
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$3.00
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
?? | |
| Onions (1 lb) |
$1.01
PAB1.01
|
?? | |
pay 2.0 times more for transportation
|
Panama
|
Turks and Caicos Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$7.86
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
?? | |
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
?? | |
pay 2.2 times more for housing
|
Panama
|
Turks and Caicos Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$106.50
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$1,125.00
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$950.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$229.41
|
|
pay 43.9% more for childcare
|
Panama
|
Turks and Caicos Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$500.00
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$8,000.00
|
|
pay 2.2 times more for entertainment and sports
|
Panama
|
Turks and Caicos Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$8.00
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$5.50
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$7.00
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$100.00
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
?? | |
pay 56.3% more for clothing
|
Panama
|
Turks and Caicos Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$80.00
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$60.00
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$150.00
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$100.00
|
|
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