Cost of living comparison
Panama City is 5.1% more expensive than Seoul.
- Restaurants
-
pay 46.1% more in Panama City
- Groceries
-
pay 31.2% less in Panama City
- Transportation
-
pay 4.5% more in Panama City
- Housing
-
pay 43.8% more in Panama City
- Childcare
-
pay 18.8% less in Panama City
- Entertainment and Sports
-
pay 1.5% more in Panama City
- Clothing
-
pay 9.9% less in Panama City
The cost of restaurants, housing, transportation, and entertainment and sports in Panama City are more expensive than in Seoul. Expenses including groceries, childcare, and clothing are lower in Panama City.
If you lived in Panama City instead of Seoul, you would:
pay 46.1% more for restaurants
|
Seoul
|
Panama City
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$7.88
₩10,896
|
$13.25
PAB13.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.09
₩8,419
|
$8.00
PAB8.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.59
₩2,194
|
$1.86
PAB1.86
|
|
| Bottle of water (11 fl. oz) |
$0.84
₩1,163
|
$1.41
PAB1.41
|
|
pay 31.2% less for groceries
|
Seoul
|
Panama City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.10
₩4,281
|
$2.51
PAB2.51
|
|
| Local cheese (8 oz) |
$6.52
₩9,023
|
$6.39
PAB6.39
|
|
| Milk (1 gallon) |
$8.06
₩11,145
|
$6.80
PAB6.80
|
|
|
Eggs
1 dozen
|
$3.06
₩4,230
|
$2.68
PAB2.68
|
|
| Boneless chicken breast (1 lb) |
$4.74
₩6,550
|
$3.41
PAB3.41
|
|
| Apples (1 lb) |
$3.30
₩4,561
|
$1.48
PAB1.48
|
|
| Bananas (1 lb) |
$1.55
₩2,143
|
$0.72
PAB0.72
|
|
| Oranges (1 lb) |
$2.44
₩3,376
|
$1.24
PAB1.24
|
|
| Tomatoes (1 lb) |
$2.68
₩3,713
|
$1.40
PAB1.40
|
|
| Potatoes (1 lb) |
$1.73
₩2,393
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$1.39
₩1,918
|
$1.15
PAB1.15
|
|
pay 4.5% more for transportation
|
Seoul
|
Panama City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.59
₩6,345
|
$3.69
PAB3.69
|
|
| Monthly public transit pass |
$44.40
₩61,411
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,023.07
₩37,372,666
|
$19,750.00
PAB19,750.00
|
|
| Taxi trip in downtown area (5 miles) |
$8.02
₩11,094
|
$16.71
PAB16.71
|
|
pay 43.8% more for housing
|
Seoul
|
Panama City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$22.27
₩30,805
|
$52.10
PAB52.10
|
|
| 1-Bedroom apartment in downtown area |
$883.18
₩1,221,429
|
$1,023.81
PAB1,023.81
|
|
| 1-Bedroom apartment outside city center |
$490.54
₩678,411
|
$755.88
PAB755.88
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$133.35
₩184,426
|
$94.84
PAB94.84
|
|
pay 18.8% less for childcare
|
Seoul
|
Panama City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$385.48
₩533,116
|
$439.17
PAB439.17
|
|
| Middle school for 1 child, two semesters |
$20,782.92
₩28,742,594
|
$10,092.67
PAB10,092.67
|
|
pay 1.5% more for entertainment and sports
|
Seoul
|
Panama City
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.58
₩4,953
|
$3.00
PAB3.00
|
|
| Cappuccino in mid-range area |
$3.60
₩4,982
|
$3.59
PAB3.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.22
₩4,457
|
$5.50
PAB5.50
|
|
| Monthly membership at local gym |
$53.73
₩74,307
|
$47.27
PAB47.27
|
|
| Movie ticket to theater/cinema |
$10.74
₩14,858
|
$7.00
PAB7.00
|
|
pay 9.9% less for clothing
|
Seoul
|
Panama City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$59.13
₩81,773
|
$53.91
PAB53.91
|
|
|
Regular dress
from H&M or similar store
|
$46.64
₩64,509
|
$37.78
PAB37.78
|
|
|
Running shoes
Nike or Adidas
|
$86.69
₩119,896
|
$87.62
PAB87.62
|
|
| Men's business shoes (leather) |
$124.89
₩172,723
|
$108.75
PAB108.75
|
|
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