Cost of living in Panama City (Panama) is 36% cheaper than in Utrecht (Netherlands)
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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 700 prices entered by 88 different people.
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Currency:
| Food | + 4% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 4% more expensive than in Utrecht (Netherlands) | ||||
| Update prices | Update prices | |||
| Panama City | Utrecht | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. (€14) | €14 | - 0% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (€7) | €9 | - 19% | |
| 500 gr (1 lb.) of boneless chicken breast | 4.42 B/. (€4.12) | €3.76 | + 10% | |
| 1 liter (1 qt.) of whole fat milk | 1.67 B/. (€1.56) | €1.15 | + 35% | |
| 12 eggs, large | 2.74 B/. (€2.55) | €3.59 | - 29% | |
| 1 kg (2 lb.) of tomatoes | 2.42 B/. (€2.25) | €2.96 | - 24% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (€8) | €6 | + 26% | |
| 1 kg (2 lb.) of apples | 2.88 B/. (€2.69) | €2.69 | - 0% | |
| 1 kg (2 lb.) of potatoes | 2.05 B/. (€1.91) | €1.57 | + 22% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.54 B/. (€1.44) | €1.36 | + 5% | |
| 1 bottle of red table wine, good quality | 19 B/. (€18) | €7 | + 145% | |
| 2 liters of coca-cola | 2.46 B/. (€2.29) | €2.73 | - 16% | |
| Bread for 2 people for 1 day | 1.55 B/. (€1.45) | €0.90 | + 60% | |
| Housing | - 29% | |||
| Housing in Panama City (Panama) is 29% cheaper than in Utrecht (Netherlands) | ||||
| Update prices | Update prices | |||
| Panama City | Utrecht | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,446 B/. (€1,348) | €1,797 | - 25% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 947 B/. (€882) | €1,677 | - 47% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 141 B/. (€132) | €173 | - 24% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 995 B/. (€927) | €1,398 | - 34% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 621 B/. (€579) | €1,032 | - 44% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. (€73) | €111 | - 35% | |
| Internet 8 mbps (1 month) | 45 B/. (€42) | €33 | + 26% | |
| 40” flat screen tv | 329 B/. (€307) | €479 | - 36% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 97 B/. (€91) | €164 | - 45% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (€7) | €7 | + 5% | |
| Hourly rate for cleaning help | 5.23 B/. (€4.88) | €15 | - 66% | |
| Clothes | - 35% | |||
| Clothes in Panama City (Panama) is 35% cheaper than in Utrecht (Netherlands) | ||||
| Update prices | Update prices | |||
| Panama City | Utrecht | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 47 B/. (€44) | €92 | - 52% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 34 B/. (€31) | €44 | - 29% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 91 B/. (€85) | €105 | - 19% | |
| 1 pair of men’s leather business shoes | 95 B/. (€89) | €139 | - 36% | |
| Transportation | - 69% | |||
| Transportation in Panama City (Panama) is 69% cheaper than in Utrecht (Netherlands) | ||||
| Update prices | Update prices | |||
| Panama City | Utrecht | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,565 B/. (€21,029) | €28,154 | - 25% | |
| 1 liter (1/4 gallon) of gas | 1.19 B/. (€1.11) | €1.95 | - 43% | |
| Monthly ticket public transport | 35 B/. (€33) | €152 | - 78% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 9 B/. (€8) | €24 | - 65% | |
| Personal Care | + 60% | |||
| Personal Care in Panama City (Panama) is 60% more expensive than in Utrecht (Netherlands) | ||||
| Update prices | Update prices | |||
| Panama City | Utrecht | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (€7) | €3.49 | + 115% | |
| 1 box of antibiotics (12 doses) | 25 B/. (€24) | €12 | + 100% | |
| Short visit to private doctor (15 minutes) | 53 B/. (€50) | €41 | + 20% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (€7) | €3.53 | + 95% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.29 B/. (€4.00) | €3.08 | + 30% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 8 B/. (€7) | €4.09 | + 73% | |
| 4 rolls of toilet paper | 3.92 B/. (€3.65) | €1.39 | + 163% | |
| Tube of toothpaste | 3.61 B/. (€3.36) | €2.04 | + 64% | |
| Standard men's haircut in expat area of the city | 18 B/. (€17) | €23 | - 26% | |
| Entertainment | - 7% | |||
| Entertainment in Panama City (Panama) is 7% cheaper than in Utrecht (Netherlands) | ||||
| Update prices | Update prices | |||
| Panama City | Utrecht | Diff | ||
| Basic dinner out for two in neighborhood pub | 35 B/. (€32) | €57 | - 43% | |
| 2 tickets to the movies | 16 B/. (€15) | €23 | - 36% | |
| 2 tickets to the theater (best available seats) | 41 B/. (€38) | €83 | - 54% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 54 B/. (€51) | €71 | - 29% | |
| 1 cocktail drink in downtown club | 11 B/. (€10) | €11 | - 3% | |
| Cappuccino in expat area of the city | 5.80 B/. (€5.41) | €3.19 | + 69% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. (€2.57) | €6 | - 57% | |
| Ipad wi-fi 128gb | 590 B/. (€550) | €453 | + 22% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. (€0.27) | €0.16 | + 72% | |
| 1 month of gym membership in business district | 52 B/. (€48) | €32 | + 51% | |
| 1 package of marlboro cigarettes | 5.98 B/. (€5.58) | €7 | - 21% | |
 |
TOTAL | - 36% | ||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 700 prices entered by 88 different people.
These prices were last updated on May 28, 2023.
Exchange rate:
0.932
EUR
/
PAB
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For example, to keep the same standard of living that would require €5,500 in Utrecht you would need to make just about €3,493 (3,748 B/.) in Panama City.
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