Cost of living comparison
Panama is 5.8% cheaper than Spain overall.
- Restaurants
-
pay 26.8% less in Panama
- Groceries
-
pay 28.4% more in Panama
- Transportation
-
pay 23.8% less in Panama
- Housing
-
pay 4.1% less in Panama
- Childcare
-
pay 16.3% less in Panama
- Entertainment and Sports
-
pay 6.0% more in Panama
- Clothing
-
pay 3.8% less in Panama
The cost of groceries and entertainment and sports in Panama are more expensive than in Spain. Expenses including restaurants, transportation, childcare, housing, and clothing are lower in Panama.
If you lived in Panama instead of Spain, you would:
pay 26.8% less for restaurants
|
Spain
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.87
€12.27
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.22
€8.15
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.13
€1.88
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$1.58
€1.40
|
$1.17
PAB1.17
|
|
pay 28.4% more for groceries
|
Spain
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.30
€1.15
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$6.37
€5.63
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$4.16
€3.68
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$2.66
€2.35
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$3.36
€2.98
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$0.99
€0.88
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.81
€0.72
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.87
€0.77
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$1.13
€1.00
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.72
€0.64
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.81
€0.72
|
$1.01
PAB1.01
|
|
pay 23.8% less for transportation
|
Spain
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.38
€5.65
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$34.26
€30.31
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,643.92
€29,766.46
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$14.57
€12.89
|
$16.61
PAB16.61
|
|
pay 4.1% less for housing
|
Spain
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.87
€28.20
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$872.36
€771.82
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$692.13
€612.36
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$103.97
€91.99
|
$69.20
PAB69.20
|
|
pay 16.3% less for childcare
|
Spain
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$385.97
€341.49
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$7,352.21
€6,504.87
|
$6,548.17
PAB6,548.17
|
|
pay 6.0% more for entertainment and sports
|
Spain
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.84
€2.52
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$1.98
€1.75
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.66
€5.00
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$42.87
€37.93
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$8.63
€7.64
|
$5.33
PAB5.33
|
|
pay 3.8% less for clothing
|
Spain
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$75.89
€67.14
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$32.12
€28.41
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$77.96
€68.97
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$91.38
€80.85
|
$100.42
PAB100.42
|
|
Change currency:
Help us improve these prices
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Panama or Spain. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.