Cost of living in Panama compared to Italy
Currency:
| Food | - 17% | |||
|---|---|---|---|---|
| Food in Panama is 17% cheaper than in Italy | ||||
| Panama | Italy | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. (€13) | €16 | - 15% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (€7) | €10 | - 34% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.00 B/. (€2.75) | €5.17 | - 47% | |
| 1 liter (1 qt.) of whole fat milk | 1.77 B/. (€1.62) | €1.46 | + 11% | |
| 12 eggs, large | 2.61 B/. (€2.39) | €4.32 | - 45% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. (€2.26) | €3.53 | - 36% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (€5.51) | €7 | - 24% | |
| 1 kg (2 lb.) of apples | 3.32 B/. (€3.04) | €2.32 | + 31% | |
| 1 kg (2 lb.) of potatoes | 2.27 B/. (€2.07) | €1.73 | + 20% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.39 B/. (€1.27) | €1.68 | - 24% | |
| 1 bottle of red table wine, good quality | 9 B/. (€9) | €8 | + 7% | |
| 2 liters of coca-cola | 2.29 B/. (€2.10) | €2.42 | - 13% | |
| Bread for 2 people for 1 day | 2.19 B/. (€2.00) | €1.53 | + 31% | |
| Housing | + 1% | |||
| Housing in Panama is about the same as in Italy | ||||
| Panama | Italy | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,470 B/. (€1,345) | €1,326 | + 1% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 969 B/. (€887) | €863 | + 3% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 126 B/. (€116) | €157 | - 26% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 921 B/. (€843) | €972 | - 13% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 607 B/. (€556) | €716 | - 22% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 97 B/. (€89) | €126 | - 30% | |
| Internet 8 mbps (1 month) | 44 B/. (€40) | €25 | + 59% | |
| 40” flat screen tv | 280 B/. (€256) | €295 | - 13% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 131 B/. (€120) | €118 | + 2% | |
| Laundry detergent (3 l. ~ 100 oz.) | 22 B/. (€20) | €7 | + 194% | |
| Hourly rate for cleaning help | 11 B/. (€10) | €10 | - 0% | |
| Clothes | - 11% | |||
| Clothes in Panama is 11% cheaper than in Italy | ||||
| Panama | Italy | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 44 B/. (€40) | €79 | - 50% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (€45) | €41 | + 10% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 110 B/. (€101) | €98 | + 3% | |
| 1 pair of men’s leather business shoes | 146 B/. (€134) | €96 | + 39% | |
| Transportation | - 30% | |||
| Transportation in Panama is 30% cheaper than in Italy | ||||
| Panama | Italy | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 24,370 B/. (€22,310) | €24,871 | - 10% | |
| 1 liter (1/4 gallon) of gas | 0.97 B/. (€0.89) | €1.77 | - 50% | |
| Monthly ticket public transport | 27 B/. (€25) | €38 | - 35% | |
| Personal Care | + 24% | |||
| Personal Care in Panama is 24% more expensive than in Italy | ||||
| Panama | Italy | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 10 B/. (€9) | €9 | - 0% | |
| 1 box of antibiotics (12 doses) | 19 B/. (€17) | €12 | + 45% | |
| Short visit to private doctor (15 minutes) | 63 B/. (€58) | €107 | - 46% | |
| 1 box of 32 tampons (tampax, ob, ...) | 11 B/. (€10) | €7 | + 48% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 7 B/. (€7) | €4.09 | + 59% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 9 B/. (€8) | €2.97 | + 162% | |
| 4 rolls of toilet paper | 4.49 B/. (€4.11) | €2.58 | + 59% | |
| Tube of toothpaste | 3.34 B/. (€3.06) | €1.90 | + 61% | |
| Standard men's haircut in expat area of the city | 45 B/. (€41) | €20 | + 109% | |
| Entertainment | - 13% | |||
| Entertainment in Panama is 13% cheaper than in Italy | ||||
| Panama | Italy | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. (€33) | €41 | - 20% | |
| 2 tickets to the movies | 11 B/. (€10) | €18 | - 44% | |
| 2 tickets to the theater (best available seats) | 35 B/. (€32) | €91 | - 65% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 66 B/. (€60) | €74 | - 19% | |
| 1 cocktail drink in downtown club | 17 B/. (€15) | €10 | + 47% | |
| Cappuccino in expat area of the city | 8 B/. (€8) | €2.17 | + 251% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.62 B/. (€4.23) | €5.02 | - 16% | |
| Ipad wi-fi 128gb | 805 B/. (€737) | €1,398 | - 47% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.50 B/. (€0.46) | €0.46 | - 0% | |
| 1 month of gym membership in business district | 57 B/. (€53) | €49 | + 6% | |
| 1 package of marlboro cigarettes | 8 B/. (€7) | €6 | + 17% | |
| TOTAL | - 12% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 1,576 prices entered by 244 different people.
These prices were last updated on March 19, 2025.
Exchange rate:
0.915
EUR
/
PAB
Cost of living in Panama is 12% cheaper than in Italy
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