Cost of living comparison
Panama is 73.5% more expensive than Venezuela overall.
- Restaurants
-
pay 4.7% more in Panama
- Groceries
-
pay 28.7% more in Panama
- Transportation
-
pay 3.4% more in Panama
- Housing
-
pay 3.4 times more in Panama
- Childcare
-
pay 2.8 times more in Panama
- Entertainment and Sports
-
pay 44.9% more in Panama
- Clothing
-
pay 8.2% more in Panama
The cost of housing, childcare, entertainment and sports, groceries, clothing, and restaurants in Panama are more expensive than in Venezuela. Notably, housing and childcare are significantly more expensive in Panama.
If you lived in Panama instead of Venezuela, you would:
pay 4.7% more for restaurants
|
Venezuela
|
Panama
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$9.00
VEF89.74
|
$8.45
PAB8.45
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.86
VEF98.38
|
$7.90
PAB7.90
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.29
VEF12.85
|
$1.54
PAB1.54
|
|
| Bottle of water (11 fl. oz) |
$0.93
VEF9.30
|
$1.17
PAB1.17
|
|
pay 28.7% more for groceries
|
Venezuela
|
Panama
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.82
VEF18.18
|
$2.19
PAB2.19
|
|
| Local cheese (8 oz) |
$2.86
VEF28.52
|
$5.66
PAB5.66
|
|
| Milk (1 gallon) |
$7.30
VEF72.78
|
$6.43
PAB6.43
|
|
|
Eggs
1 dozen
|
$2.35
VEF23.48
|
$2.53
PAB2.53
|
|
| Boneless chicken breast (1 lb) |
$2.73
VEF27.21
|
$3.54
PAB3.54
|
|
| Apples (1 lb) |
$2.19
VEF21.87
|
$2.12
PAB2.12
|
|
| Bananas (1 lb) |
$0.61
VEF6.11
|
$0.61
PAB0.61
|
|
| Oranges (1 lb) |
$0.66
VEF6.61
|
$1.29
PAB1.29
|
|
| Tomatoes (1 lb) |
$0.85
VEF8.43
|
$1.16
PAB1.16
|
|
| Potatoes (1 lb) |
$0.76
VEF7.59
|
$0.98
PAB0.98
|
|
| Onions (1 lb) |
$0.87
VEF8.69
|
$1.01
PAB1.01
|
|
pay 3.4% more for transportation
|
Venezuela
|
Panama
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$1.89
VEF18.88
|
$3.92
PAB3.92
|
|
| Monthly public transit pass |
$31.58
VEF315.03
|
$25.00
PAB25.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,312.50
VEF302,352.06
|
$18,916.67
PAB18,916.67
|
|
| Taxi trip in downtown area (5 miles) |
$25.72
VEF256.52
|
$16.61
PAB16.61
|
|
pay 3.4 times more for housing
|
Venezuela
|
Panama
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$37.33
VEF372.38
|
$47.61
PAB47.61
|
|
| 1-Bedroom apartment in downtown area |
$186.78
VEF1,863.02
|
$747.76
PAB747.76
|
|
| 1-Bedroom apartment outside city center |
$128.17
VEF1,278.40
|
$567.84
PAB567.84
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$17.23
VEF171.83
|
$69.20
PAB69.20
|
|
pay 2.8 times more for childcare
|
Venezuela
|
Panama
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$64.20
VEF640.40
|
$302.08
PAB302.08
|
|
| Middle school for 1 child, two semesters |
$7,090.00
VEF70,719.21
|
$6,548.17
PAB6,548.17
|
|
pay 44.9% more for entertainment and sports
|
Venezuela
|
Panama
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.29
VEF12.87
|
$1.95
PAB1.95
|
|
| Cappuccino in mid-range area |
$2.35
VEF23.43
|
$3.39
PAB3.39
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.27
VEF32.67
|
$5.38
PAB5.38
|
|
| Monthly membership at local gym |
$36.50
VEF364.03
|
$57.20
PAB57.20
|
|
| Movie ticket to theater/cinema |
$4.92
VEF49.12
|
$5.33
PAB5.33
|
|
pay 8.2% more for clothing
|
Venezuela
|
Panama
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$44.71
VEF445.99
|
$47.41
PAB47.41
|
|
|
Regular dress
from H&M or similar store
|
$38.72
VEF386.23
|
$34.81
PAB34.81
|
|
|
Running shoes
Nike or Adidas
|
$87.32
VEF870.97
|
$81.21
PAB81.21
|
|
| Men's business shoes (leather) |
$69.72
VEF695.44
|
$100.42
PAB100.42
|
|
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