Cost of living in Panama compared to Netherlands
Currency:
| Food | + 2% | |||
|---|---|---|---|---|
| Food in Panama is about the same as in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 17 B/. (€17) | €15 | + 13% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (€7) | €10 | - 26% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.27 B/. (€3.32) | €4.39 | - 24% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. (€1.65) | €1.08 | + 52% | |
| 12 eggs, large | 2.82 B/. (€2.86) | €4.31 | - 34% | |
| 1 kg (2 lb.) of tomatoes | 2.07 B/. (€2.10) | €2.47 | - 15% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (€7) | €5.61 | + 30% | |
| 1 kg (2 lb.) of apples | 3.17 B/. (€3.22) | €2.77 | + 16% | |
| 1 kg (2 lb.) of potatoes | 1.96 B/. (€1.99) | €1.64 | + 22% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.51 B/. (€1.53) | €1.31 | + 17% | |
| 1 bottle of red table wine, good quality | 12 B/. (€12) | €7 | + 72% | |
| 2 liters of coca-cola | 2.44 B/. (€2.47) | €3.10 | - 20% | |
| Bread for 2 people for 1 day | 1.81 B/. (€1.83) | €1.34 | + 37% | |
| Housing | - 32% | |||
| Housing in Panama is 32% cheaper than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,347 B/. (€1,367) | €1,886 | - 27% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 792 B/. (€804) | €1,549 | - 48% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 94 B/. (€95) | €261 | - 64% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 868 B/. (€881) | €1,338 | - 34% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 542 B/. (€550) | €1,014 | - 46% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 73 B/. (€74) | €159 | - 54% | |
| Internet 8 mbps (1 month) | 38 B/. (€39) | €36 | + 8% | |
| 40” flat screen tv | 360 B/. (€366) | €357 | + 2% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 106 B/. (€108) | €126 | - 14% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (€7) | €6 | + 10% | |
| Hourly rate for cleaning help | 12 B/. (€12) | €20 | - 41% | |
| Clothes | - 38% | |||
| Clothes in Panama is 38% cheaper than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 51 B/. (€51) | €90 | - 43% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 32 B/. (€33) | €50 | - 35% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 80 B/. (€81) | €129 | - 37% | |
| 1 pair of men’s leather business shoes | 83 B/. (€85) | €143 | - 41% | |
| Transportation | - 38% | |||
| Transportation in Panama is 38% cheaper than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,433 B/. (€22,768) | €29,655 | - 23% | |
| 1 liter (1/4 gallon) of gas | 1.24 B/. (€1.26) | €2.16 | - 42% | |
| Monthly ticket public transport | 43 B/. (€43) | €80 | - 46% | |
| Personal Care | + 65% | |||
| Personal Care in Panama is 65% more expensive than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (€8) | €3.53 | + 134% | |
| 1 box of antibiotics (12 doses) | 32 B/. (€33) | €12 | + 175% | |
| Short visit to private doctor (15 minutes) | 65 B/. (€66) | €37 | + 80% | |
| 1 box of 32 tampons (tampax, ob, ...) | 9 B/. (€9) | €5.91 | + 53% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4.68 B/. (€4.75) | €4.38 | + 8% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (€7) | €3.87 | + 79% | |
| 4 rolls of toilet paper | 2.64 B/. (€2.67) | €1.65 | + 62% | |
| Tube of toothpaste | 3.38 B/. (€3.43) | €3.44 | - 0% | |
| Standard men's haircut in expat area of the city | 16 B/. (€17) | €24 | - 30% | |
| Entertainment | - 13% | |||
| Entertainment in Panama is 13% cheaper than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| Basic dinner out for two in neighborhood pub | 28 B/. (€28) | €52 | - 46% | |
| 2 tickets to the movies | 13 B/. (€13) | €24 | - 46% | |
| 2 tickets to the theater (best available seats) | 55 B/. (€56) | €248 | - 77% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 43 B/. (€44) | €72 | - 39% | |
| 1 cocktail drink in downtown club | 8 B/. (€9) | €12 | - 31% | |
| Cappuccino in expat area of the city | 5.08 B/. (€5.16) | €3.48 | + 48% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.86 B/. (€2.90) | €5.33 | - 46% | |
| Ipad wi-fi 128gb | 863 B/. (€876) | €552 | + 59% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.22 B/. (€0.23) | €0.14 | + 60% | |
| 1 month of gym membership in business district | 50 B/. (€51) | €40 | + 26% | |
| 1 package of marlboro cigarettes | 5.11 B/. (€5.18) | €7 | - 24% | |
| TOTAL | - 22% | |||
These prices were last updated on October 03, 2022.
Exchange rate:
1.015
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,540 prices entered by 230 different people.
Cost of living in Panama is 22% cheaper than in Netherlands
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