Cost of living comparison
Panama is 6.4% cheaper than Spain.
If you lived in Panama instead of Spain, you would:
pay 25.4% less for restaurants
|
Spain
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.31
€12.24
|
$8.30
PAB8.30
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.95
€8.23
|
$7.60
PAB7.60
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.06
€1.90
|
$1.55
PAB1.55
|
|
| Bottle of water (11 fl. oz) |
$1.53
€1.40
|
$1.16
PAB1.16
|
|
pay 28.2% more for groceries
|
Spain
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.27
€1.16
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$6.20
€5.70
|
$5.28
PAB5.28
|
|
| Milk (1 gallon) |
$4.19
€3.85
|
$6.34
PAB6.34
|
|
|
Eggs
1 dozen
|
$2.53
€2.32
|
$2.42
PAB2.42
|
|
| Boneless chicken breast (1 lb) |
$3.26
€3.00
|
$3.15
PAB3.15
|
|
| Apples (1 lb) |
$0.97
€0.89
|
$1.87
PAB1.87
|
|
| Bananas (1 lb) |
$0.82
€0.76
|
$0.56
PAB0.56
|
|
| Oranges (1 lb) |
$0.83
€0.76
|
$1.31
PAB1.31
|
|
| Tomatoes (1 lb) |
$1.08
€0.99
|
$1.32
PAB1.32
|
|
| Potatoes (1 lb) |
$0.66
€0.61
|
$0.96
PAB0.96
|
|
| Onions (1 lb) |
$0.77
€0.71
|
$0.95
PAB0.95
|
|
pay 27.4% less for transportation
|
Spain
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.53
€6.01
|
$3.90
PAB3.90
|
|
| Monthly public transit pass |
$35.45
€32.60
|
$23.33
PAB23.33
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,659.33
€30,952.54
|
$21,000.00
PAB21,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$14.39
€13.23
|
$14.78
PAB14.78
|
|
pay 10.3% less for housing
|
Spain
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$33.81
€31.09
|
$46.90
PAB46.90
|
|
| 1-Bedroom apartment in downtown area |
$828.43
€761.81
|
$697.93
PAB697.93
|
|
| 1-Bedroom apartment outside city center |
$665.31
€611.80
|
$496.06
PAB496.06
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$106.67
€98.09
|
$65.23
PAB65.23
|
|
pay 13.6% less for childcare
|
Spain
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$381.14
€350.49
|
$327.08
PAB327.08
|
|
| Middle school for 1 child, two semesters |
$7,410.38
€6,814.46
|
$6,443.94
PAB6,443.94
|
|
pay 12.9% more for entertainment and sports
|
Spain
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.76
€2.54
|
$1.85
PAB1.85
|
|
| Cappuccino in mid-range area |
$1.92
€1.76
|
$3.35
PAB3.35
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.57
€5.12
|
$6.70
PAB6.70
|
|
| Monthly membership at local gym |
$43.03
€39.57
|
$58.09
PAB58.09
|
|
| Movie ticket to theater/cinema |
$8.46
€7.78
|
$5.75
PAB5.75
|
|
pay 9.3% less for clothing
|
Spain
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$73.08
€67.20
|
$43.92
PAB43.92
|
|
|
Regular dress
from H&M or similar store
|
$31.46
€28.93
|
$40.61
PAB40.61
|
|
|
Running shoes
Nike or Adidas
|
$75.09
€69.06
|
$66.54
PAB66.54
|
|
| Men's business shoes (leather) |
$91.97
€84.57
|
$78.30
PAB78.30
|
|
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