Cost of living in Panama City (Panama) is 17% cheaper than in Richmond, Virginia (United States)
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WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 971 prices entered by 105 different people.
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Currency:
| Food | - 15% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 15% cheaper than in Richmond, Virginia (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Richmond, Virginia | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 20 B/. ($20) | $16 | + 24% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. ($8) | $10 | - 20% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.82 B/. ($3.82) | $6 | - 40% | |
| 1 liter (1 qt.) of whole fat milk | 1.70 B/. ($1.70) | $1.08 | + 57% | |
| 12 eggs, large | 2.69 B/. ($2.69) | $4.77 | - 44% | |
| 1 kg (2 lb.) of tomatoes | 2.39 B/. ($2.39) | $5.03 | - 52% | |
| 500 gr (16 oz.) of local cheese | 8 B/. ($8) | $7 | + 23% | |
| 1 kg (2 lb.) of apples | 2.75 B/. ($2.75) | $3.68 | - 25% | |
| 1 kg (2 lb.) of potatoes | 1.99 B/. ($1.99) | $1.74 | + 14% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.42 B/. ($1.42) | $3.38 | - 58% | |
| 1 bottle of red table wine, good quality | 14 B/. ($14) | $16 | - 10% | |
| 2 liters of coca-cola | 2.47 B/. ($2.47) | $2.09 | + 18% | |
| Bread for 2 people for 1 day | 1.77 B/. ($1.77) | $2.21 | - 20% | |
| Housing | - 27% | |||
| Housing in Panama City (Panama) is 27% cheaper than in Richmond, Virginia (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Richmond, Virginia | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,583 B/. ($1,584) | $1,906 | - 17% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 923 B/. ($924) | $1,260 | - 27% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 131 B/. ($131) | $218 | - 40% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,012 B/. ($1,013) | $1,420 | - 29% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 608 B/. ($608) | $943 | - 35% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 88 B/. ($88) | $140 | - 37% | |
| Internet 8 mbps (1 month) | 48 B/. ($48) | $34 | + 42% | |
| 40” flat screen tv | 337 B/. ($337) | $252 | + 34% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 110 B/. ($110) | $119 | - 8% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. ($9) | $20 | - 54% | |
| Hourly rate for cleaning help | 5.54 B/. ($5.54) | $44 | - 87% | |
| Clothes | - 14% | |||
| Clothes in Panama City (Panama) is 14% cheaper than in Richmond, Virginia (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Richmond, Virginia | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 49 B/. ($49) | $43 | + 15% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. ($34) | $39 | - 12% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 92 B/. ($92) | $109 | - 16% | |
| 1 pair of men’s leather business shoes | 94 B/. ($94) | $155 | - 39% | |
| Transportation | - 2% | |||
| Transportation in Panama City (Panama) is about the same as in Richmond, Virginia (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Richmond, Virginia | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,776 B/. ($22,783) | $26,516 | - 14% | |
| 1 liter (1/4 gallon) of gas | 1.30 B/. ($1.30) | $0.98 | + 32% | |
| Monthly ticket public transport | 42 B/. ($42) | $37 | + 11% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 11 B/. ($11) | $24 | - 55% | |
| Personal Care | - 23% | |||
| Personal Care in Panama City (Panama) is 23% cheaper than in Richmond, Virginia (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Richmond, Virginia | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 7 B/. ($7) | $12 | - 42% | |
| 1 box of antibiotics (12 doses) | 29 B/. ($29) | $17 | + 76% | |
| Short visit to private doctor (15 minutes) | 51 B/. ($51) | $218 | - 77% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. ($7) | $10 | - 32% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.17 B/. ($5.18) | $4.32 | + 20% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. ($8) | $7 | + 13% | |
| 4 rolls of toilet paper | 4.20 B/. ($4.20) | $4.56 | - 8% | |
| Tube of toothpaste | 4.12 B/. ($4.12) | $2.71 | + 52% | |
| Standard men's haircut in expat area of the city | 17 B/. ($17) | $25 | - 32% | |
| Entertainment | - 16% | |||
| Entertainment in Panama City (Panama) is 16% cheaper than in Richmond, Virginia (United States) | ||||
| Update prices | Update prices | |||
| Panama City | Richmond, Virginia | Diff | ||
| Basic dinner out for two in neighborhood pub | 32 B/. ($32) | $49 | - 35% | |
| 2 tickets to the movies | 13 B/. ($13) | $29 | - 56% | |
| 2 tickets to the theater (best available seats) | 43 B/. ($43) | $221 | - 80% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 53 B/. ($53) | $113 | - 53% | |
| 1 cocktail drink in downtown club | 10 B/. ($10) | $10 | + 1% | |
| Cappuccino in expat area of the city | 5.75 B/. ($5.76) | $5.68 | + 1% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.19 B/. ($3.19) | $7 | - 53% | |
| Ipad wi-fi 128gb | 700 B/. ($700) | $450 | + 56% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.33 B/. ($0.33) | $0.18 | + 80% | |
| 1 month of gym membership in business district | 53 B/. ($53) | $36 | + 49% | |
| 1 package of marlboro cigarettes | 5.90 B/. ($5.91) | $8 | - 30% | |
 |
TOTAL | - 17% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 971 prices entered by 105 different people.
These prices were last updated on March 30, 2023.
Exchange rate:
1.000
USD
/
PAB
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For example, to keep the same standard of living that would require $5,500 in Richmond, Virginia you would need to make just about $4,552 (4,551 B/.) in Panama City.
Do you live in Richmond, Virginia? We need your help!
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