Cost of living comparison
Panama is 5.8% cheaper than Spain.
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
€13.15
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.22
€8.74
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.13
€2.02
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$1.58
€1.50
|
$1.17
PAB1.17
|
|
pay 28.4% more for groceries
|
Spain
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.30
€1.23
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$6.37
€6.04
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$4.16
€3.94
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$2.66
€2.52
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$3.36
€3.19
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$0.99
€0.94
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.81
€0.77
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.87
€0.82
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$1.13
€1.07
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.72
€0.69
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.81
€0.77
|
$1.01
PAB1.01
|
|
pay 23.8% less for transportation
|
Spain
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.38
€6.05
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$34.26
€32.49
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,643.92
€31,906.62
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$14.57
€13.82
|
$16.61
PAB16.61
|
|
pay 4.1% less for housing
|
Spain
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.87
€30.22
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$872.36
€827.31
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$692.13
€656.39
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$103.97
€98.60
|
$69.20
PAB69.20
|
|
pay 16.3% less for childcare
|
Spain
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$385.97
€366.04
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$7,352.21
€6,972.55
|
$6,548.17
PAB6,548.17
|
|
pay 6.0% more for entertainment and sports
|
Spain
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.84
€2.70
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$1.98
€1.88
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.66
€5.36
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$42.87
€40.65
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$8.63
€8.19
|
$5.33
PAB5.33
|
|
pay 3.8% less for clothing
|
Spain
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$75.89
€71.97
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$32.12
€30.46
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$77.96
€73.93
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$91.38
€86.67
|
$100.42
PAB100.42
|
|
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