Cost of living comparison
Panama is 73.5% more expensive than Venezuela.
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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