Cost of living comparison

 Riga, Latvia
compared to
 Panama City, Panama
Panama City vs. Riga Cost of Living Summary

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.

Panama City vs. Riga Cost Breakdown

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

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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

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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

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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

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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

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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

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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

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: April 2025
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See the cost of living in Latvia vs. Panama. This provides a comparison of the average cost of living from cities within Latvia and Panama.

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