Cost of living in Austria compared to Panama
Currency:
| Food | + 13% | |||
|---|---|---|---|---|
| Food in Austria is 13% more expensive than in Panama | ||||
| Austria | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | €13 (14 B/.) | 16 B/. | - 11% | |
| Combo meal in fast food restaurant (big mac meal or similar) | €10 (11 B/.) | 8 B/. | + 35% | |
| 500 gr (1 lb.) of boneless chicken breast | €7 (8 B/.) | 4.10 B/. | + 84% | |
| 1 liter (1 qt.) of whole fat milk | €1.48 (1.59 B/.) | 1.65 B/. | - 4% | |
| 12 eggs, large | €5.59 (5.99 B/.) | 2.99 B/. | + 100% | |
| 1 kg (2 lb.) of tomatoes | €3.22 (3.45 B/.) | 2.30 B/. | + 50% | |
| 500 gr (16 oz.) of local cheese | €7 (7 B/.) | 8 B/. | - 4% | |
| 1 kg (2 lb.) of apples | €2.19 (2.35 B/.) | 2.73 B/. | - 14% | |
| 1 kg (2 lb.) of potatoes | €2.16 (2.31 B/.) | 1.92 B/. | + 20% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €1.27 (1.37 B/.) | 1.53 B/. | - 11% | |
| 1 bottle of red table wine, good quality | €6 (7 B/.) | 16 B/. | - 58% | |
| 2 liters of coca-cola | €2.63 (2.81 B/.) | 2.55 B/. | + 10% | |
| Bread for 2 people for 1 day | €1.71 (1.84 B/.) | 1.74 B/. | + 5% | |
| Housing | + 24% | |||
| Housing in Austria is 24% more expensive than in Panama | ||||
| Austria | Panama | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | €1,777 (1,905 B/.) | 1,349 B/. | + 41% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | €1,084 (1,162 B/.) | 907 B/. | + 28% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €509 (545 B/.) | 145 B/. | + 276% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | €922 (988 B/.) | 936 B/. | + 6% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | €697 (747 B/.) | 930 B/. | - 20% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | €90 (97 B/.) | 99 B/. | - 3% | |
| Internet 8 mbps (1 month) | €22 (23 B/.) | 45 B/. | - 48% | |
| 40” flat screen tv | €354 (379 B/.) | 332 B/. | + 14% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | €124 (133 B/.) | 101 B/. | + 32% | |
| Laundry detergent (3 l. ~ 100 oz.) | €13 (13 B/.) | 7 B/. | + 81% | |
| Hourly rate for cleaning help | €16 (17 B/.) | 5.12 B/. | + 226% | |
| Clothes | + 54% | |||
| Clothes in Austria is 54% more expensive than in Panama | ||||
| Austria | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | €99 (106 B/.) | 48 B/. | + 121% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | €44 (47 B/.) | 31 B/. | + 51% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | €78 (84 B/.) | 88 B/. | - 5% | |
| 1 pair of men’s leather business shoes | €111 (119 B/.) | 90 B/. | + 33% | |
| Transportation | + 36% | |||
| Transportation in Austria is 36% more expensive than in Panama | ||||
| Austria | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | €25,873 (27,732 B/.) | 21,660 B/. | + 28% | |
| 1 liter (1/4 gallon) of gas | €1.73 (1.85 B/.) | 1.25 B/. | + 48% | |
| Monthly ticket public transport | €47 (50 B/.) | 36 B/. | + 41% | |
| Personal Care | + 1% | |||
| Personal Care in Austria is about the same as in Panama | ||||
| Austria | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | €5.67 (6 B/.) | 9 B/. | - 33% | |
| 1 box of antibiotics (12 doses) | €7 (7 B/.) | 24 B/. | - 69% | |
| Short visit to private doctor (15 minutes) | €145 (155 B/.) | 41 B/. | + 275% | |
| 1 box of 32 tampons (tampax, ob, ...) | €5.00 (5.36 B/.) | 7 B/. | - 27% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | €3.07 (3.29 B/.) | 3.80 B/. | - 13% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | €3.46 (3.71 B/.) | 7 B/. | - 49% | |
| 4 rolls of toilet paper | €2.28 (2.45 B/.) | 3.78 B/. | - 35% | |
| Tube of toothpaste | €2.07 (2.22 B/.) | 3.41 B/. | - 35% | |
| Standard men's haircut in expat area of the city | €20 (22 B/.) | 15 B/. | + 42% | |
| Entertainment | - 11% | |||
| Entertainment in Austria is 11% cheaper than in Panama | ||||
| Austria | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | €40 (43 B/.) | 32 B/. | + 36% | |
| 2 tickets to the movies | €23 (25 B/.) | 15 B/. | + 65% | |
| 2 tickets to the theater (best available seats) | €50 (54 B/.) | 32 B/. | + 66% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | €59 (64 B/.) | 54 B/. | + 18% | |
| 1 cocktail drink in downtown club | €10 (10 B/.) | 11 B/. | - 7% | |
| Cappuccino in expat area of the city | €4.58 (4.90 B/.) | 5.66 B/. | - 13% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €3.90 (4.18 B/.) | 2.67 B/. | + 56% | |
| Ipad wi-fi 128gb | €544 (583 B/.) | 590 B/. | - 1% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €0.07 (0.07 B/.) | 0.30 B/. | - 76% | |
| 1 month of gym membership in business district | €30 (33 B/.) | 51 B/. | - 36% | |
| 1 package of marlboro cigarettes | €6 (7 B/.) | 5.73 B/. | + 14% | |
| TOTAL | + 20% | |||
These prices were last updated on June 10, 2023.
Exchange rate:
1.072
PAB
/
EUR
This comparison is based on abundant and consistent data. It is based on 1,152 prices entered by 150 different people.
Cost of living in Austria is 20% more expensive than in Panama
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