Cost of living in Panama compared to Norway
Currency:
| Food | - 46% | |||
|---|---|---|---|---|
| Food in Panama is 46% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (kr 142) | kr 227 | - 38% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (kr 71) | kr 136 | - 48% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.30 B/. (kr 35) | kr 82 | - 58% | |
| 1 liter (1 qt.) of whole fat milk | 1.72 B/. (kr 18) | kr 25 | - 27% | |
| 12 eggs, large | 2.46 B/. (kr 26) | kr 58 | - 55% | |
| 1 kg (2 lb.) of tomatoes | 2.58 B/. (kr 27) | kr 49 | - 44% | |
| 500 gr (16 oz.) of local cheese | 5.85 B/. (kr 62) | kr 83 | - 26% | |
| 1 kg (2 lb.) of apples | 1.99 B/. (kr 21) | kr 32 | - 35% | |
| 1 kg (2 lb.) of potatoes | 2.41 B/. (kr 25) | kr 22 | + 14% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.10 B/. (kr 12) | kr 35 | - 67% | |
| 1 bottle of red table wine, good quality | 10 B/. (kr 102) | kr 186 | - 45% | |
| 2 liters of coca-cola | 2.54 B/. (kr 27) | kr 34 | - 21% | |
| Bread for 2 people for 1 day | 1.10 B/. (kr 12) | kr 31 | - 62% | |
| Housing | - 46% | |||
| Housing in Panama is 46% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,397 B/. (kr 14,746) | kr 23,959 | - 38% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 905 B/. (kr 9,554) | kr 18,504 | - 48% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 107 B/. (kr 1,135) | kr 2,720 | - 58% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 784 B/. (kr 8,276) | kr 16,458 | - 50% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 559 B/. (kr 5,904) | kr 12,877 | - 54% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 100 B/. (kr 1,057) | kr 2,363 | - 55% | |
| Internet 8 mbps (1 month) | 35 B/. (kr 373) | kr 466 | - 20% | |
| 40” flat screen tv | 317 B/. (kr 3,348) | kr 7,561 | - 56% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 116 B/. (kr 1,225) | kr 1,915 | - 36% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (kr 78) | kr 93 | - 16% | |
| Hourly rate for cleaning help | 13 B/. (kr 139) | kr 376 | - 63% | |
| Clothes | - 26% | |||
| Clothes in Panama is 26% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 36 B/. (kr 380) | kr 1,043 | - 64% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 47 B/. (kr 491) | kr 489 | + 0% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 96 B/. (kr 1,013) | kr 1,192 | - 15% | |
| 1 pair of men’s leather business shoes | 94 B/. (kr 994) | kr 1,621 | - 39% | |
| Transportation | - 56% | |||
| Transportation in Panama is 56% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,809 B/. (kr 240,781) | kr 396,153 | - 39% | |
| 1 liter (1/4 gallon) of gas | 1.01 B/. (kr 11) | kr 23 | - 54% | |
| Monthly ticket public transport | 25 B/. (kr 267) | kr 788 | - 66% | |
| Personal Care | - 1% | |||
| Personal Care in Panama is about the same as in Norway | ||||
| Panama | Norway | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (kr 89) | kr 65 | + 37% | |
| 1 box of antibiotics (12 doses) | 17 B/. (kr 181) | kr 107 | + 69% | |
| Short visit to private doctor (15 minutes) | 28 B/. (kr 300) | kr 512 | - 41% | |
| 1 box of 32 tampons (tampax, ob, ...) | 5.50 B/. (kr 58) | kr 53 | + 11% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.33 B/. (kr 56) | kr 38 | + 50% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (kr 73) | kr 54 | + 35% | |
| 4 rolls of toilet paper | 2.64 B/. (kr 28) | kr 39 | - 29% | |
| Tube of toothpaste | 2.96 B/. (kr 31) | kr 26 | + 20% | |
| Standard men's haircut in expat area of the city | 15 B/. (kr 162) | kr 519 | - 69% | |
| Entertainment | - 22% | |||
| Entertainment in Panama is 22% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Basic dinner out for two in neighborhood pub | 25 B/. (kr 266) | kr 543 | - 51% | |
| 2 tickets to the movies | 11 B/. (kr 116) | kr 306 | - 62% | |
| 2 tickets to the theater (best available seats) | 36 B/. (kr 375) | kr 523 | - 28% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 52 B/. (kr 545) | kr 986 | - 45% | |
| 1 cocktail drink in downtown club | 9 B/. (kr 92) | kr 161 | - 42% | |
| Cappuccino in expat area of the city | 4.92 B/. (kr 52) | kr 52 | - 0% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.73 B/. (kr 39) | kr 103 | - 62% | |
| Ipad wi-fi 128gb | 663 B/. (kr 7,004) | kr 5,946 | + 18% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. (kr 3.02) | kr 1.11 | + 173% | |
| 1 month of gym membership in business district | 49 B/. (kr 516) | kr 524 | - 2% | |
| 1 package of marlboro cigarettes | 6 B/. (kr 65) | kr 148 | - 56% | |
| TOTAL | - 43% | |||
These prices were last updated on October 05, 2024.
Exchange rate:
10.557
NOK
/
PAB
This comparison is based on abundant and consistent data. It is based on 908 prices entered by 175 different people.
Cost of living in Panama is 43% cheaper than in Norway
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