Cost of living in Panama compared to Netherlands
Currency:
| Food | - 18% | |||
|---|---|---|---|---|
| Food in Panama is 18% cheaper than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (€13) | €17 | - 25% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (€7) | €11 | - 35% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.91 B/. (€3.60) | €4.91 | - 27% | |
| 1 liter (1 qt.) of whole fat milk | 1.63 B/. (€1.50) | €1.17 | + 28% | |
| 12 eggs, large | 2.85 B/. (€2.62) | €4.39 | - 40% | |
| 1 kg (2 lb.) of tomatoes | 2.07 B/. (€1.90) | €2.82 | - 32% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (€7) | €7 | - 3% | |
| 1 kg (2 lb.) of apples | 2.55 B/. (€2.35) | €2.27 | + 4% | |
| 1 kg (2 lb.) of potatoes | 1.96 B/. (€1.81) | €1.52 | + 19% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.51 B/. (€1.39) | €1.42 | - 2% | |
| 1 bottle of red table wine, good quality | 13 B/. (€12) | €6 | + 97% | |
| 2 liters of coca-cola | 2.44 B/. (€2.25) | €2.83 | - 20% | |
| Bread for 2 people for 1 day | 1.61 B/. (€1.48) | €1.45 | + 3% | |
| Housing | - 46% | |||
| Housing in Panama is 46% cheaper than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,273 B/. (€1,172) | €2,279 | - 49% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 852 B/. (€784) | €1,869 | - 58% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 127 B/. (€117) | €308 | - 62% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 908 B/. (€835) | €1,548 | - 46% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 556 B/. (€512) | €1,319 | - 61% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. (€72) | €217 | - 67% | |
| Internet 8 mbps (1 month) | 46 B/. (€43) | €41 | + 3% | |
| 40” flat screen tv | 340 B/. (€313) | €324 | - 3% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 106 B/. (€98) | €207 | - 53% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (€8) | €11 | - 33% | |
| Hourly rate for cleaning help | 15 B/. (€14) | €22 | - 36% | |
| Clothes | - 32% | |||
| Clothes in Panama is 32% cheaper than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (€44) | €77 | - 43% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 26 B/. (€24) | €34 | - 30% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 79 B/. (€73) | €89 | - 18% | |
| 1 pair of men’s leather business shoes | 83 B/. (€77) | €118 | - 35% | |
| Transportation | - 45% | |||
| Transportation in Panama is 45% cheaper than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,433 B/. (€20,648) | €28,592 | - 28% | |
| 1 liter (1/4 gallon) of gas | 1.29 B/. (€1.19) | €2.10 | - 43% | |
| Monthly ticket public transport | 42 B/. (€38) | €84 | - 54% | |
| Personal Care | + 45% | |||
| Personal Care in Panama is 45% more expensive than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (€8) | €3.57 | + 116% | |
| 1 box of antibiotics (12 doses) | 32 B/. (€30) | €12 | + 149% | |
| Short visit to private doctor (15 minutes) | 62 B/. (€57) | €47 | + 22% | |
| 1 box of 32 tampons (tampax, ob, ...) | 9 B/. (€8) | €5.03 | + 63% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.05 B/. (€4.65) | €5.40 | - 14% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (€6) | €3.01 | + 113% | |
| 4 rolls of toilet paper | 3.79 B/. (€3.49) | €2.16 | + 62% | |
| Tube of toothpaste | 3.38 B/. (€3.11) | €3.25 | - 4% | |
| Standard men's haircut in expat area of the city | 19 B/. (€17) | €23 | - 24% | |
| Entertainment | - 21% | |||
| Entertainment in Panama is 21% cheaper than in Netherlands | ||||
| Panama | Netherlands | Diff | ||
| Basic dinner out for two in neighborhood pub | 29 B/. (€27) | €53 | - 50% | |
| 2 tickets to the movies | 13 B/. (€12) | €24 | - 52% | |
| 2 tickets to the theater (best available seats) | 55 B/. (€51) | €255 | - 80% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 47 B/. (€44) | €69 | - 37% | |
| 1 cocktail drink in downtown club | 8 B/. (€8) | €12 | - 37% | |
| Cappuccino in expat area of the city | 5.69 B/. (€5.24) | €3.29 | + 59% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.75 B/. (€2.53) | €5.12 | - 51% | |
| Ipad wi-fi 128gb | 651 B/. (€599) | €633 | - 5% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.22 B/. (€0.20) | €0.08 | + 157% | |
| 1 month of gym membership in business district | 47 B/. (€44) | €38 | + 15% | |
| 1 package of marlboro cigarettes | 5.66 B/. (€5.21) | €7 | - 28% | |
| TOTAL | - 33% | |||
These prices were last updated on January 31, 2023.
Exchange rate:
0.920
EUR
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,443 prices entered by 242 different people.
Cost of living in Panama is 33% cheaper than in Netherlands
Other Country Comparisons
- Cost of living in American Samoa is in Netherlands
- Cost of living in Afghanistan is 53% cheaper than in Netherlands
- Cost of living in Argentina is 48% cheaper than in Netherlands
- Cost of living in Anguilla is 33% more expensive than in Netherlands
- Cost of living in Angola is 33% cheaper than in Netherlands
- Cost of living in United Arab Emirates is 6% cheaper than in Netherlands
- Cost of living in Albania is 51% cheaper than in Netherlands
- Cost of living in Netherlands Antilles is about the same as in Netherlands