Cost of living in Panama compared to Germany
Currency:
| Food | - 24% | |||
|---|---|---|---|---|
| Food in Panama is 24% cheaper than in Germany | ||||
| Panama | Germany | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (€13) | €15 | - 17% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (€6) | €11 | - 41% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.36 B/. (€3.03) | €5.74 | - 47% | |
| 1 liter (1 qt.) of whole fat milk | 1.73 B/. (€1.56) | €1.25 | + 25% | |
| 12 eggs, large | 2.65 B/. (€2.39) | €4.01 | - 41% | |
| 1 kg (2 lb.) of tomatoes | 2.65 B/. (€2.39) | €3.04 | - 21% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (€5.70) | €7 | - 19% | |
| 1 kg (2 lb.) of apples | 2.66 B/. (€2.40) | €2.67 | - 10% | |
| 1 kg (2 lb.) of potatoes | 2.31 B/. (€2.08) | €1.96 | + 6% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.04 B/. (€0.94) | €1.12 | - 16% | |
| 1 bottle of red table wine, good quality | 10 B/. (€9) | €7 | + 33% | |
| 2 liters of coca-cola | 2.49 B/. (€2.24) | €2.04 | + 10% | |
| Bread for 2 people for 1 day | 1.27 B/. (€1.15) | €1.83 | - 37% | |
| Housing | - 37% | |||
| Housing in Panama is 37% cheaper than in Germany | ||||
| Panama | Germany | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,360 B/. (€1,225) | €1,942 | - 37% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 855 B/. (€770) | €1,512 | - 49% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 111 B/. (€100) | €231 | - 57% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 724 B/. (€652) | €1,248 | - 48% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 559 B/. (€504) | €928 | - 46% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 100 B/. (€90) | €159 | - 43% | |
| Internet 8 mbps (1 month) | 35 B/. (€32) | €35 | - 9% | |
| 40” flat screen tv | 317 B/. (€286) | €462 | - 38% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 116 B/. (€104) | €144 | - 27% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (€7) | €8 | - 13% | |
| Hourly rate for cleaning help | 19 B/. (€17) | €17 | + 2% | |
| Clothes | - 15% | |||
| Clothes in Panama is 15% cheaper than in Germany | ||||
| Panama | Germany | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 49 B/. (€44) | €87 | - 49% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 47 B/. (€42) | €37 | + 13% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 96 B/. (€86) | €90 | - 4% | |
| 1 pair of men’s leather business shoes | 94 B/. (€85) | €124 | - 32% | |
| Transportation | - 46% | |||
| Transportation in Panama is 46% cheaper than in Germany | ||||
| Panama | Germany | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,809 B/. (€20,537) | €32,068 | - 36% | |
| 1 liter (1/4 gallon) of gas | 1.06 B/. (€0.96) | €1.81 | - 47% | |
| Monthly ticket public transport | 25 B/. (€23) | €50 | - 54% | |
| Personal Care | + 4% | |||
| Personal Care in Panama is 4% more expensive than in Germany | ||||
| Panama | Germany | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (€8) | €8 | - 3% | |
| 1 box of antibiotics (12 doses) | 17 B/. (€15) | €11 | + 39% | |
| Short visit to private doctor (15 minutes) | 28 B/. (€26) | €73 | - 65% | |
| 1 box of 32 tampons (tampax, ob, ...) | 5.50 B/. (€4.95) | €4.18 | + 18% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.33 B/. (€4.80) | €2.76 | + 74% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (€6) | €3.17 | + 96% | |
| 4 rolls of toilet paper | 2.64 B/. (€2.38) | €2.07 | + 15% | |
| Tube of toothpaste | 2.96 B/. (€2.66) | €1.63 | + 64% | |
| Standard men's haircut in expat area of the city | 15 B/. (€14) | €23 | - 39% | |
| Entertainment | - 16% | |||
| Entertainment in Panama is 16% cheaper than in Germany | ||||
| Panama | Germany | Diff | ||
| Basic dinner out for two in neighborhood pub | 25 B/. (€23) | €48 | - 52% | |
| 2 tickets to the movies | 11 B/. (€10) | €25 | - 60% | |
| 2 tickets to the theater (best available seats) | 36 B/. (€32) | €125 | - 74% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 52 B/. (€46) | €67 | - 30% | |
| 1 cocktail drink in downtown club | 9 B/. (€8) | €11 | - 26% | |
| Cappuccino in expat area of the city | 4.92 B/. (€4.43) | €3.95 | + 12% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.73 B/. (€3.35) | €4.34 | - 23% | |
| Ipad wi-fi 128gb | 663 B/. (€597) | €628 | - 5% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. (€0.26) | €0.13 | + 101% | |
| 1 month of gym membership in business district | 49 B/. (€44) | €39 | + 12% | |
| 1 package of marlboro cigarettes | 6 B/. (€5.57) | €8 | - 34% | |
| TOTAL | - 31% | |||
These prices were last updated on September 10, 2024.
Exchange rate:
0.900
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 2,308 prices entered by 378 different people.
Cost of living in Panama is 31% cheaper than in Germany
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