Cost of living in Panama compared to Lithuania
Currency:
| Food | + 10% | |||
|---|---|---|---|---|
| Food in Panama is 10% more expensive than in Lithuania | ||||
| Panama | Lithuania | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (€13) | €9 | + 40% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (€7) | €8 | - 15% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.36 B/. (€2.95) | €4.25 | - 31% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (€1.56) | €1.24 | + 25% | |
| 12 eggs, large | 3.03 B/. (€2.65) | €2.64 | + 1% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. (€2.17) | €3.24 | - 33% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (€6) | €5.96 | + 8% | |
| 1 kg (2 lb.) of apples | 3.03 B/. (€2.66) | €1.55 | + 71% | |
| 1 kg (2 lb.) of potatoes | 2.27 B/. (€1.99) | €0.76 | + 160% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.55 B/. (€1.36) | €1.52 | - 11% | |
| 1 bottle of red table wine, good quality | 12 B/. (€10) | €9 | + 12% | |
| 2 liters of coca-cola | 2.55 B/. (€2.24) | €2.50 | - 11% | |
| Bread for 2 people for 1 day | 2.19 B/. (€1.92) | €1.06 | + 80% | |
| Housing | + 49% | |||
| Housing in Panama is 49% more expensive than in Lithuania | ||||
| Panama | Lithuania | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,591 B/. (€1,395) | €939 | + 49% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 1,002 B/. (€878) | €576 | + 53% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 153 B/. (€134) | €168 | - 20% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,004 B/. (€880) | €568 | + 55% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 658 B/. (€576) | €350 | + 65% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 97 B/. (€85) | €104 | - 18% | |
| Internet 8 mbps (1 month) | 45 B/. (€39) | €12 | + 231% | |
| 40” flat screen tv | 280 B/. (€246) | €345 | - 29% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 131 B/. (€115) | €79 | + 45% | |
| Laundry detergent (3 l. ~ 100 oz.) | 19 B/. (€16) | €10 | + 64% | |
| Hourly rate for cleaning help | 11 B/. (€9) | €13 | - 27% | |
| Clothes | + 3% | |||
| Clothes in Panama is about the same as in Lithuania | ||||
| Panama | Lithuania | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 44 B/. (€38) | €60 | - 36% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (€43) | €36 | + 19% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 110 B/. (€96) | €83 | + 15% | |
| 1 pair of men’s leather business shoes | 146 B/. (€128) | €86 | + 49% | |
| Transportation | - 21% | |||
| Transportation in Panama is 21% cheaper than in Lithuania | ||||
| Panama | Lithuania | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 24,370 B/. (€21,360) | €28,391 | - 25% | |
| 1 liter (1/4 gallon) of gas | 0.97 B/. (€0.85) | €1.52 | - 44% | |
| Monthly ticket public transport | 27 B/. (€24) | €27 | - 10% | |
| Personal Care | + 73% | |||
| Personal Care in Panama is 73% more expensive than in Lithuania | ||||
| Panama | Lithuania | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 10 B/. (€9) | €6.00 | + 51% | |
| 1 box of antibiotics (12 doses) | 19 B/. (€17) | €10 | + 67% | |
| Short visit to private doctor (15 minutes) | 80 B/. (€70) | €45 | + 57% | |
| 1 box of 32 tampons (tampax, ob, ...) | 11 B/. (€10) | €3.99 | + 152% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 7 B/. (€6) | €3.49 | + 79% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 9 B/. (€7) | €3.00 | + 149% | |
| 4 rolls of toilet paper | 4.49 B/. (€3.94) | €2.04 | + 93% | |
| Tube of toothpaste | 3.34 B/. (€2.93) | €2.00 | + 46% | |
| Standard men's haircut in expat area of the city | 40 B/. (€35) | €23 | + 52% | |
| Entertainment | + 60% | |||
| Entertainment in Panama is 60% more expensive than in Lithuania | ||||
| Panama | Lithuania | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. (€31) | €27 | + 16% | |
| 2 tickets to the movies | 11 B/. (€10) | €17 | - 41% | |
| 2 tickets to the theater (best available seats) | 35 B/. (€31) | €121 | - 75% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 66 B/. (€57) | €38 | + 53% | |
| 1 cocktail drink in downtown club | 17 B/. (€15) | €11 | + 33% | |
| Cappuccino in expat area of the city | 8 B/. (€7) | €5.24 | + 39% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.62 B/. (€4.05) | €3.90 | + 4% | |
| Ipad wi-fi 128gb | 805 B/. (€705) | €564 | + 25% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.50 B/. (€0.44) | €0.08 | + 426% | |
| 1 month of gym membership in business district | 57 B/. (€50) | €32 | + 59% | |
| 1 package of marlboro cigarettes | 8 B/. (€7) | €4.93 | + 43% | |
| TOTAL | + 22% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 520 prices entered by 65 different people.
These prices were last updated on April 09, 2025.
Exchange rate:
0.876
EUR
/
PAB
Cost of living in Panama is 22% more expensive than in Lithuania
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