Cost of living in Panama compared to Malaysia
Currency:
Food | + 63% | |||
---|---|---|---|---|
Food in Panama is 63% more expensive than in Malaysia | ||||
Panama | Malaysia | Diff | ||
Basic lunchtime menu (including a drink) in the business district | 13 B/. (RM64) | RM17 | + 276% | |
Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (RM35) | RM19 | + 82% | |
500 gr (1 lb.) of boneless chicken breast | 3.80 B/. (RM18) | RM9 | + 91% | |
1 liter (1 qt.) of whole fat milk | 1.73 B/. (RM8) | RM8 | + 5% | |
12 eggs, large | 3.37 B/. (RM16) | RM9 | + 69% | |
1 kg (2 lb.) of tomatoes | 2.48 B/. (RM12) | RM6 | + 82% | |
500 gr (16 oz.) of local cheese | 6 B/. (RM29) | RM27 | + 8% | |
1 kg (2 lb.) of apples | 2.66 B/. (RM13) | RM11 | + 14% | |
1 kg (2 lb.) of potatoes | 2.34 B/. (RM11) | RM4.72 | + 135% | |
0.5 l (16 oz) domestic beer in the supermarket | 0.95 B/. (RM4.49) | RM11 | - 60% | |
1 bottle of red table wine, good quality | 11 B/. (RM52) | RM68 | - 23% | |
2 liters of coca-cola | 2.56 B/. (RM12) | RM5.59 | + 117% | |
Bread for 2 people for 1 day | 1.27 B/. (RM6) | RM3.60 | + 67% | |
Housing | + 65% | |||
Housing in Panama is 65% more expensive than in Malaysia | ||||
Panama | Malaysia | Diff | ||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,244 B/. (RM5,888) | RM3,486 | + 69% | |
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 790 B/. (RM3,741) | RM1,957 | + 91% | |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 115 B/. (RM542) | RM254 | + 114% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 755 B/. (RM3,571) | RM2,157 | + 66% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 507 B/. (RM2,400) | RM1,384 | + 73% | |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 98 B/. (RM462) | RM236 | + 96% | |
Internet 8 mbps (1 month) | 36 B/. (RM169) | RM105 | + 61% | |
40” flat screen tv | 308 B/. (RM1,457) | RM961 | + 52% | |
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 98 B/. (RM462) | RM692 | - 33% | |
Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (RM35) | RM18 | + 95% | |
Hourly rate for cleaning help | 10 B/. (RM48) | RM35 | + 39% | |
Clothes | + 7% | |||
Clothes in Panama is 7% more expensive than in Malaysia | ||||
Panama | Malaysia | Diff | ||
1 pair of jeans (levis 501 or similar) | 49 B/. (RM232) | RM231 | + 1% | |
1 summer dress in a high street store (zara, h&m or similar retailers) | 33 B/. (RM158) | RM154 | + 3% | |
1 pair of sport shoes (nike, adidas, or equivalent brands) | 87 B/. (RM413) | RM328 | + 26% | |
1 pair of men’s leather business shoes | 79 B/. (RM376) | RM308 | + 22% | |
Transportation | + 32% | |||
Transportation in Panama is 32% more expensive than in Malaysia | ||||
Panama | Malaysia | Diff | ||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,809 B/. (RM107,934) | RM151,470 | - 29% | |
1 liter (1/4 gallon) of gas | 1.08 B/. (RM5.11) | RM2.04 | + 150% | |
Monthly ticket public transport | 25 B/. (RM120) | RM54 | + 120% | |
Personal Care | + 96% | |||
Personal Care in Panama is 96% more expensive than in Malaysia | ||||
Panama | Malaysia | Diff | ||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (RM40) | RM11 | + 267% | |
1 box of antibiotics (12 doses) | 17 B/. (RM81) | RM25 | + 222% | |
Short visit to private doctor (15 minutes) | 29 B/. (RM138) | RM85 | + 63% | |
1 box of 32 tampons (tampax, ob, ...) | 5.50 B/. (RM26) | RM40 | - 35% | |
Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.21 B/. (RM15) | RM12 | + 28% | |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (RM32) | RM14 | + 137% | |
4 rolls of toilet paper | 2.68 B/. (RM13) | RM9 | + 48% | |
Tube of toothpaste | 2.72 B/. (RM13) | RM6 | + 113% | |
Standard men's haircut in expat area of the city | 15 B/. (RM72) | RM27 | + 163% | |
Entertainment | + 51% | |||
Entertainment in Panama is 51% more expensive than in Malaysia | ||||
Panama | Malaysia | Diff | ||
Basic dinner out for two in neighborhood pub | 34 B/. (RM161) | RM90 | + 79% | |
2 tickets to the movies | 12 B/. (RM58) | RM40 | + 45% | |
2 tickets to the theater (best available seats) | 36 B/. (RM168) | - | - | |
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 58 B/. (RM273) | RM122 | + 124% | |
1 cocktail drink in downtown club | 10 B/. (RM47) | RM30 | + 55% | |
Cappuccino in expat area of the city | 4.92 B/. (RM23) | RM14 | + 67% | |
1 beer in neighbourhood pub (500ml or 1pt.) | 2.83 B/. (RM13) | RM18 | - 27% | |
Ipad wi-fi 128gb | 663 B/. (RM3,140) | RM4,829 | - 35% | |
1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. (RM1.35) | RM0.13 | + 917% | |
1 month of gym membership in business district | 49 B/. (RM231) | RM199 | + 16% | |
1 package of marlboro cigarettes | 5.65 B/. (RM27) | RM18 | + 52% | |
TOTAL | + 54% |
These prices were last updated on March 17, 2024.
Exchange rate:
4.732
MYR
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,015 prices entered by 173 different people.
Cost of living in Panama is 54% more expensive than in Malaysia
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