Cost of living in Panama compared to Netherlands
Currency:
| Food | - 23% | |||
|---|---|---|---|---|
| Food in Panama is 23% cheaper than in Netherlands | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (€11) | €16 | - 32% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (€5.76) | €9 | - 33% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.96 B/. (€2.49) | €4.21 | - 41% | |
| 1 liter (1 qt.) of whole fat milk | 1.40 B/. (€1.17) | €1.13 | + 4% | |
| 12 eggs, large | 2.82 B/. (€2.37) | €3.26 | - 27% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. (€2.08) | €2.25 | - 8% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (€4.64) | €5.93 | - 22% | |
| 1 kg (2 lb.) of apples | 2.42 B/. (€2.03) | €2.46 | - 17% | |
| 1 kg (2 lb.) of potatoes | 2.06 B/. (€1.73) | €1.53 | + 13% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.02 B/. (€0.85) | €1.37 | - 38% | |
| 1 bottle of red table wine, good quality | 10 B/. (€9) | €8 | + 2% | |
| 2 liters of coca-cola | 2.20 B/. (€1.85) | €2.42 | - 24% | |
| Bread for 2 people for 1 day | 1.60 B/. (€1.35) | €1.14 | + 18% | |
| Housing | - 37% | |||
| Housing in Panama is 37% cheaper than in Netherlands | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,397 B/. (€1,175) | €1,785 | - 34% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 910 B/. (€765) | €1,416 | - 46% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 105 B/. (€89) | €168 | - 47% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 858 B/. (€722) | €1,241 | - 42% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 570 B/. (€480) | €904 | - 47% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 71 B/. (€60) | €114 | - 48% | |
| Internet 8 mbps (1 month) | 41 B/. (€35) | €34 | + 2% | |
| 40” flat screen tv | 360 B/. (€303) | €448 | - 32% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 113 B/. (€95) | €181 | - 48% | |
| Laundry detergent (3 l. ~ 100 oz.) | 6 B/. (€5.18) | €8 | - 37% | |
| Hourly rate for cleaning help | 8 B/. (€7) | €15 | - 56% | |
| Clothes | - 34% | |||
| Clothes in Panama is 34% cheaper than in Netherlands | ||||
| 1 pair of jeans (levis 501 or similar) | 43 B/. (€36) | €76 | - 52% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 40 B/. (€34) | €42 | - 21% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 75 B/. (€63) | €100 | - 37% | |
| 1 pair of men’s leather business shoes | 89 B/. (€75) | €143 | - 47% | |
| Transportation | - 56% | |||
| Transportation in Panama is 56% cheaper than in Netherlands | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 20,263 B/. (€17,038) | €28,943 | - 41% | |
| 1 liter (1/4 gallon) of gas | 0.70 B/. (€0.59) | €1.57 | - 62% | |
| Monthly ticket public transport | 44 B/. (€37) | €96 | - 62% | |
| Personal Care | + 13% | |||
| Personal Care in Panama is 13% more expensive than in Netherlands | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (€6) | €2.33 | + 174% | |
| 1 box of antibiotics (12 doses) | 20 B/. (€17) | €14 | + 21% | |
| Short visit to private doctor (15 minutes) | 40 B/. (€34) | €35 | - 2% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.21 B/. (€3.54) | €2.86 | + 24% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.91 B/. (€3.28) | €3.98 | - 17% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (€5.61) | €4.24 | + 32% | |
| 4 rolls of toilet paper | 3.05 B/. (€2.57) | €1.48 | + 73% | |
| Tube of toothpaste | 2.58 B/. (€2.17) | €1.98 | + 10% | |
| Standard men's haircut in expat area of the city | 16 B/. (€14) | €24 | - 45% | |
| Entertainment | - 17% | |||
| Entertainment in Panama is 17% cheaper than in Netherlands | ||||
| Basic dinner out for two in neighborhood pub | 31 B/. (€26) | €40 | - 35% | |
| 2 tickets to the movies | 12 B/. (€10) | €22 | - 53% | |
| 2 tickets to the theater (best available seats) | 39 B/. (€33) | €59 | - 44% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 52 B/. (€44) | €66 | - 33% | |
| 1 cocktail drink in downtown club | 9 B/. (€8) | €11 | - 30% | |
| Cappuccino in expat area of the city | 4.88 B/. (€4.11) | €3.71 | + 11% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.49 B/. (€2.93) | €5.15 | - 43% | |
| Ipad wi-fi 128gb | 525 B/. (€442) | €471 | - 6% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. (€0.28) | €0.14 | + 110% | |
| 1 month of gym membership in business district | 46 B/. (€39) | €46 | - 14% | |
| 1 package of marlboro cigarettes | 5.14 B/. (€4.32) | €8 | - 44% | |
| TOTAL | - 36% | |||
These prices were last updated on April 07, 2021.
Exchange rate:
0.841
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,995 prices entered by 291 different people.
Cost of living in Panama is 36% cheaper than in Netherlands
Other Country Comparisons
- Cost of living in Afghanistan is 57% cheaper than in Netherlands
- Cost of living in Anguilla is about the same as in Netherlands
- Cost of living in Angola is 27% cheaper than in Netherlands
- Cost of living in Armenia is 71% cheaper than in Netherlands
- Cost of living in Antarctica is in Netherlands
- Cost of living in Albania is 58% cheaper than in Netherlands
- Cost of living in Netherlands Antilles is 13% cheaper than in Netherlands
- Cost of living in Andorra is about the same as in Netherlands