Cost of living in Panama City, Panama vs Weifang, China
Currency:
| Food | + 98% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 98% more expensive than in Weifang (China) | ||||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. (97元) | 27元 | + 259% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (46元) | 26元 | + 80% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.52 B/. (23元) | 8元 | + 182% | |
| 1 liter (1 qt.) of whole fat milk | 1.41 B/. (9元) | 12元 | - 25% | |
| 12 eggs, large | 2.81 B/. (18元) | 11元 | + 64% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. (16元) | 5.41元 | + 199% | |
| 500 gr (16 oz.) of local cheese | 5.73 B/. (38元) | - | - | |
| 1 kg (2 lb.) of apples | 3.15 B/. (21元) | 21元 | - 2% | |
| 1 kg (2 lb.) of potatoes | 1.95 B/. (13元) | 11元 | + 16% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.04 B/. (7元) | 2.50元 | + 172% | |
| 1 bottle of red table wine, good quality | 10 B/. (68元) | 89元 | - 24% | |
| 2 liters of coca-cola | 2.22 B/. (15元) | 7元 | + 115% | |
| Bread for 2 people for 1 day | 1.52 B/. (10元) | 4.00元 | + 150% | |
| Housing | + 203% | |||
| Housing in Panama City (Panama) is 203% more expensive than in Weifang (China) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,445 B/. (9,484元) | 2,614元 | + 263% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 926 B/. (6,074元) | 1,307元 | + 365% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 106 B/. (694元) | 200元 | + 247% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 914 B/. (5,996元) | 1,500元 | + 300% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 608 B/. (3,987元) | 800元 | + 398% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 81 B/. (534元) | - | - | |
| Internet 8 mbps (1 month) | 41 B/. (272元) | 50元 | + 443% | |
| 40” flat screen tv | 360 B/. (2,362元) | 3,000元 | - 21% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 110 B/. (725元) | 400元 | + 81% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (47元) | 10元 | + 366% | |
| Hourly rate for cleaning help | 7 B/. (48元) | 69元 | - 31% | |
| Clothes | + 9% | |||
| Clothes in Panama City (Panama) is 9% more expensive than in Weifang (China) | ||||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (312元) | 150元 | + 108% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 36 B/. (236元) | 326元 | - 28% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 79 B/. (518元) | 80元 | + 547% | |
| 1 pair of men’s leather business shoes | 88 B/. (578元) | 150元 | + 286% | |
| Transportation | + 36% | |||
| Transportation in Panama City (Panama) is 36% more expensive than in Weifang (China) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 19,294 B/. (126,614元) | - | - | |
| 1 liter (1/4 gallon) of gas | 0.67 B/. (4.40元) | 5.00元 | - 12% | |
| Monthly ticket public transport | 37 B/. (240元) | 100元 | + 140% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 12 B/. (80元) | - | - | |
| Personal Care | + 19% | |||
| Personal Care in Panama City (Panama) is 19% more expensive than in Weifang (China) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (59元) | 55元 | + 8% | |
| 1 box of antibiotics (12 doses) | 22 B/. (141元) | 30元 | + 372% | |
| Short visit to private doctor (15 minutes) | 49 B/. (322元) | 200元 | + 61% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.25 B/. (28元) | 50元 | - 44% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.65 B/. (24元) | 63元 | - 62% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6 B/. (39元) | 24元 | + 61% | |
| 4 rolls of toilet paper | 2.51 B/. (17元) | 7元 | + 150% | |
| Tube of toothpaste | 2.50 B/. (16元) | 2.54元 | + 546% | |
| Standard men's haircut in expat area of the city | 16 B/. (106元) | 25元 | + 319% | |
| Entertainment | - 20% | |||
| Entertainment in Panama City (Panama) is 20% cheaper than in Weifang (China) | ||||
| Basic dinner out for two in neighborhood pub | 32 B/. (210元) | 75元 | + 178% | |
| 2 tickets to the movies | 12 B/. (77元) | 101元 | - 24% | |
| 2 tickets to the theater (best available seats) | 39 B/. (257元) | - | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 52 B/. (343元) | 151元 | + 127% | |
| 1 cocktail drink in downtown club | 10 B/. (65元) | 102元 | - 37% | |
| Cappuccino in expat area of the city | 4.98 B/. (33元) | 41元 | - 20% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.79 B/. (25元) | 15元 | + 66% | |
| Ipad wi-fi 128gb | 543 B/. (3,566元) | - | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.24 B/. (1.55元) | 1.00元 | + 55% | |
| 1 month of gym membership in business district | 46 B/. (304元) | 1,305元 | - 77% | |
| 1 package of marlboro cigarettes | 5.77 B/. (38元) | 12元 | + 208% | |
| TOTAL | + 53% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 662 prices entered by 65 different people.
These prices were last updated on April 12, 2021.
Exchange rate:
6.562
CNY
/
PAB
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Cost of living in Panama City (Panama) is 53% more expensive than in Weifang (China)
For example, you would need at least 11,791元 (1,797 B/.) in Panama City to maintain the same standard of living that you can have with 7,700元 in Weifang.
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