Cost of living in Panama compared to Malta
Currency:
| Food | - 24% | |||
|---|---|---|---|---|
| Food in Panama is 24% cheaper than in Malta | ||||
| Panama | Malta | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (€13) | €26 | - 51% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (€7) | €10 | - 33% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.91 B/. (€3.60) | €4.97 | - 28% | |
| 1 liter (1 qt.) of whole fat milk | 1.63 B/. (€1.50) | €0.92 | + 63% | |
| 12 eggs, large | 2.85 B/. (€2.62) | €2.78 | - 6% | |
| 1 kg (2 lb.) of tomatoes | 2.07 B/. (€1.90) | €4.00 | - 52% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (€7) | €4.25 | + 56% | |
| 1 kg (2 lb.) of apples | 2.55 B/. (€2.35) | €1.00 | + 135% | |
| 1 kg (2 lb.) of potatoes | 1.96 B/. (€1.81) | €2.69 | - 33% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.51 B/. (€1.39) | €1.22 | + 14% | |
| 1 bottle of red table wine, good quality | 13 B/. (€12) | €9 | + 44% | |
| 2 liters of coca-cola | 2.44 B/. (€2.25) | €1.66 | + 36% | |
| Bread for 2 people for 1 day | 1.61 B/. (€1.48) | €0.84 | + 76% | |
| Housing | - 16% | |||
| Housing in Panama is 16% cheaper than in Malta | ||||
| Panama | Malta | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,273 B/. (€1,171) | €1,544 | - 24% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 852 B/. (€784) | €1,046 | - 25% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 127 B/. (€117) | €86 | + 37% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 908 B/. (€835) | €1,323 | - 37% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 556 B/. (€512) | €842 | - 39% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. (€72) | €72 | + 1% | |
| Internet 8 mbps (1 month) | 46 B/. (€43) | €35 | + 22% | |
| 40” flat screen tv | 340 B/. (€313) | €392 | - 20% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 106 B/. (€98) | €95 | + 3% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (€8) | €7 | + 10% | |
| Hourly rate for cleaning help | 15 B/. (€14) | €9 | + 52% | |
| Clothes | - 47% | |||
| Clothes in Panama is 47% cheaper than in Malta | ||||
| Panama | Malta | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (€44) | €80 | - 45% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 26 B/. (€24) | €57 | - 58% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 79 B/. (€73) | €86 | - 16% | |
| 1 pair of men’s leather business shoes | 83 B/. (€77) | €75 | + 2% | |
| Transportation | + 7% | |||
| Transportation in Panama is 7% more expensive than in Malta | ||||
| Panama | Malta | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,433 B/. (€20,638) | €26,952 | - 23% | |
| 1 liter (1/4 gallon) of gas | 1.29 B/. (€1.19) | €1.34 | - 12% | |
| Monthly ticket public transport | 42 B/. (€38) | €26 | + 47% | |
| Personal Care | + 29% | |||
| Personal Care in Panama is 29% more expensive than in Malta | ||||
| Panama | Malta | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (€8) | €3.00 | + 157% | |
| 1 box of antibiotics (12 doses) | 32 B/. (€30) | €20 | + 51% | |
| Short visit to private doctor (15 minutes) | 62 B/. (€57) | - | - | |
| 1 box of 32 tampons (tampax, ob, ...) | 9 B/. (€8) | €12 | - 32% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.05 B/. (€4.65) | €3.75 | + 24% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (€6) | €4.54 | + 41% | |
| 4 rolls of toilet paper | 3.79 B/. (€3.49) | €3.30 | + 6% | |
| Tube of toothpaste | 3.38 B/. (€3.11) | €1.40 | + 123% | |
| Standard men's haircut in expat area of the city | 19 B/. (€17) | €16 | + 11% | |
| Entertainment | - 40% | |||
| Entertainment in Panama is 40% cheaper than in Malta | ||||
| Panama | Malta | Diff | ||
| Basic dinner out for two in neighborhood pub | 29 B/. (€27) | €45 | - 40% | |
| 2 tickets to the movies | 13 B/. (€12) | €17 | - 31% | |
| 2 tickets to the theater (best available seats) | 55 B/. (€51) | €28 | + 81% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 47 B/. (€44) | €117 | - 63% | |
| 1 cocktail drink in downtown club | 8 B/. (€8) | €11 | - 26% | |
| Cappuccino in expat area of the city | 5.69 B/. (€5.24) | €2.20 | + 138% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. (€2.53) | €3.48 | - 27% | |
| Ipad wi-fi 128gb | 651 B/. (€599) | €634 | - 6% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.22 B/. (€0.20) | €0.54 | - 62% | |
| 1 month of gym membership in business district | 47 B/. (€44) | €54 | - 19% | |
| 1 package of marlboro cigarettes | 5.66 B/. (€5.20) | €5.31 | - 2% | |
| TOTAL | - 18% | |||
These prices were last updated on January 22, 2023.
Exchange rate:
0.920
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 811 prices entered by 90 different people.
Cost of living in Panama is 18% cheaper than in Malta
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