Cost of living comparison
Panama City is 12.2% more expensive than Riga.
- Restaurants
-
pay 16.9% more in Panama City
- Groceries
-
pay 47.6% more in Panama City
- Transportation
-
pay 12.2% less in Panama City
- Housing
-
pay 82.5% more in Panama City
- Childcare
-
pay 21.8% less in Panama City
- Entertainment and Sports
-
pay 11.9% less in Panama City
- Clothing
-
pay 15.8% less in Panama City
The cost of housing, groceries, and restaurants in Panama City are more expensive than in Riga. Expenses including childcare, clothing, transportation, and entertainment and sports are lower in Panama City. Notably, housing is significantly more expensive in Panama City.
If you lived in Panama City instead of Riga, you would:
pay 16.9% more for restaurants
|
Riga
|
Panama City
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.72
€9.85
|
$13.25
PAB13.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.33
€7.66
|
$8.00
PAB8.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.44
€1.32
|
$1.86
PAB1.86
|
|
| Bottle of water (11 fl. oz) |
$1.19
€1.09
|
$1.41
PAB1.41
|
|
pay 47.6% more for groceries
|
Riga
|
Panama City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.56
€1.44
|
$2.51
PAB2.51
|
|
| Local cheese (8 oz) |
$5.73
€5.27
|
$6.39
PAB6.39
|
|
| Milk (1 gallon) |
$4.85
€4.46
|
$6.80
PAB6.80
|
|
|
Eggs
1 dozen
|
$2.86
€2.63
|
$2.68
PAB2.68
|
|
| Boneless chicken breast (1 lb) |
$3.19
€2.93
|
$3.41
PAB3.41
|
|
| Apples (1 lb) |
$0.67
€0.62
|
$1.48
PAB1.48
|
|
| Bananas (1 lb) |
$0.84
€0.77
|
$0.72
PAB0.72
|
|
| Oranges (1 lb) |
$1.07
€0.99
|
$1.24
PAB1.24
|
|
| Tomatoes (1 lb) |
$1.52
€1.40
|
$1.40
PAB1.40
|
|
| Potatoes (1 lb) |
$0.42
€0.39
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.44
€0.40
|
$1.15
PAB1.15
|
|
pay 12.2% less for transportation
|
Riga
|
Panama City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.77
€6.22
|
$3.69
PAB3.69
|
|
| Monthly public transit pass |
$32.15
€29.56
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,026.61
€25,770.41
|
$19,750.00
PAB19,750.00
|
|
| Taxi trip in downtown area (5 miles) |
$11.25
€10.35
|
$16.71
PAB16.71
|
|
pay 82.5% more for housing
|
Riga
|
Panama City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$17.68
€16.25
|
$52.10
PAB52.10
|
|
| 1-Bedroom apartment in downtown area |
$536.44
€493.25
|
$1,023.81
PAB1,023.81
|
|
| 1-Bedroom apartment outside city center |
$367.73
€338.12
|
$755.88
PAB755.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$244.58
€224.89
|
$94.84
PAB94.84
|
|
pay 21.8% less for childcare
|
Riga
|
Panama City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$538.03
€494.71
|
$439.17
PAB439.17
|
|
| Middle school for 1 child, two semesters |
$13,487.73
€12,401.94
|
$10,092.67
PAB10,092.67
|
|
pay 11.9% less for entertainment and sports
|
Riga
|
Panama City
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.82
€4.43
|
$3.00
PAB3.00
|
|
| Cappuccino in mid-range area |
$3.39
€3.12
|
$3.59
PAB3.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.25
€4.83
|
$5.50
PAB5.50
|
|
| Monthly membership at local gym |
$46.01
€42.31
|
$47.27
PAB47.27
|
|
| Movie ticket to theater/cinema |
$10.72
€9.85
|
$7.00
PAB7.00
|
|
pay 15.8% less for clothing
|
Riga
|
Panama City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$81.84
€75.25
|
$53.91
PAB53.91
|
|
|
Regular dress
from H&M or similar store
|
$43.77
€40.25
|
$37.78
PAB37.78
|
|
|
Running shoes
Nike or Adidas
|
$92.38
€84.95
|
$87.62
PAB87.62
|
|
| Men's business shoes (leather) |
$121.02
€111.28
|
$108.75
PAB108.75
|
|
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