Cost of living in Panama City (Panama) is 15% cheaper than in Montevideo (Uruguay)
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This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,303 prices entered by 115 different people.
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Currency:
| Food | - 20% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 20% cheaper than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. ($U649) | $U794 | - 18% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. ($U324) | $U520 | - 38% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.38 B/. ($U144) | $U221 | - 35% | |
| 1 liter (1 qt.) of whole fat milk | 1.79 B/. ($U76) | $U49 | + 55% | |
| 12 eggs, large | 3.15 B/. ($U135) | $U203 | - 34% | |
| 1 kg (2 lb.) of tomatoes | 2.62 B/. ($U112) | $U129 | - 13% | |
| 500 gr (16 oz.) of local cheese | 6 B/. ($U275) | $U345 | - 20% | |
| 1 kg (2 lb.) of apples | 2.80 B/. ($U119) | $U122 | - 2% | |
| 1 kg (2 lb.) of potatoes | 2.46 B/. ($U105) | $U82 | + 27% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.50 B/. ($U64) | $U93 | - 31% | |
| 1 bottle of red table wine, good quality | 12 B/. ($U519) | $U388 | + 34% | |
| 2 liters of coca-cola | 2.43 B/. ($U104) | $U151 | - 31% | |
| Bread for 2 people for 1 day | 1.55 B/. ($U66) | $U82 | - 19% | |
| Housing | + 20% | |||
| Housing in Panama City (Panama) is 20% more expensive than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,591 B/. ($U67,893) | $U60,617 | + 12% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 948 B/. ($U40,452) | $U33,864 | + 19% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 140 B/. ($U5,988) | $U4,686 | + 28% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,033 B/. ($U44,086) | $U36,809 | + 20% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 635 B/. ($U27,109) | $U24,237 | + 12% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 98 B/. ($U4,179) | $U2,928 | + 43% | |
| Internet 8 mbps (1 month) | 38 B/. ($U1,639) | $U1,212 | + 35% | |
| 40” flat screen tv | 321 B/. ($U13,687) | $U14,502 | - 6% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 107 B/. ($U4,545) | $U5,426 | - 16% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. ($U405) | $U325 | + 25% | |
| Hourly rate for cleaning help | 12 B/. ($U526) | $U314 | + 68% | |
| Clothes | - 13% | |||
| Clothes in Panama City (Panama) is 13% cheaper than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 61 B/. ($U2,593) | $U3,390 | - 24% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 43 B/. ($U1,817) | $U1,800 | + 1% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 104 B/. ($U4,456) | $U5,409 | - 18% | |
| 1 pair of men’s leather business shoes | 100 B/. ($U4,275) | $U5,331 | - 20% | |
| Transportation | - 46% | |||
| Transportation in Panama City (Panama) is 46% cheaper than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,225 B/. ($U948,175) | $U971,528 | - 2% | |
| 1 liter (1/4 gallon) of gas | 1.01 B/. ($U43) | $U81 | - 47% | |
| Monthly ticket public transport | 24 B/. ($U1,021) | $U2,435 | - 58% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 9 B/. ($U401) | $U601 | - 33% | |
| Personal Care | + 7% | |||
| Personal Care in Panama City (Panama) is 7% more expensive than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. ($U375) | $U384 | - 2% | |
| 1 box of antibiotics (12 doses) | 23 B/. ($U989) | $U714 | + 39% | |
| Short visit to private doctor (15 minutes) | 55 B/. ($U2,336) | $U2,901 | - 19% | |
| 1 box of 32 tampons (tampax, ob, ...) | 8 B/. ($U334) | $U279 | + 20% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.26 B/. ($U182) | $U161 | + 13% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. ($U359) | $U303 | + 19% | |
| 4 rolls of toilet paper | 2.95 B/. ($U126) | $U129 | - 3% | |
| Tube of toothpaste | 3.04 B/. ($U130) | $U137 | - 5% | |
| Standard men's haircut in expat area of the city | 18 B/. ($U783) | $U725 | + 8% | |
| Entertainment | - 10% | |||
| Entertainment in Panama City (Panama) is 10% cheaper than in Montevideo (Uruguay) | ||||
| Update prices | Update prices | |||
| Panama City | Montevideo | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. ($U1,533) | $U1,722 | - 11% | |
| 2 tickets to the movies | 11 B/. ($U458) | $U782 | - 41% | |
| 2 tickets to the theater (best available seats) | 34 B/. ($U1,459) | $U1,164 | + 25% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 64 B/. ($U2,748) | $U2,641 | + 4% | |
| 1 cocktail drink in downtown club | 11 B/. ($U454) | $U399 | + 14% | |
| Cappuccino in expat area of the city | 5.10 B/. ($U218) | $U214 | + 2% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.82 B/. ($U120) | $U168 | - 28% | |
| Ipad wi-fi 128gb | 689 B/. ($U29,379) | $U48,346 | - 39% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. ($U15) | $U13 | + 10% | |
| 1 month of gym membership in business district | 52 B/. ($U2,204) | $U2,529 | - 13% | |
| 1 package of marlboro cigarettes | 6 B/. ($U260) | $U219 | + 19% | |
 |
TOTAL | - 15% | ||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,303 prices entered by 115 different people.
These prices were last updated on April 17, 2025.
Exchange rate:
42.663
UYU
/
PAB
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For example, to keep the same standard of living that would require $U194,000 in Montevideo you would need to make just about $U164,845 (3,864 B/.) in Panama City.
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