Cost of living in Peru compared to Panama
Currency:
| Food | - 44% | |||
|---|---|---|---|---|
| Food in Peru is 44% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | S/. 24 (7 B/.) | 16 B/. | - 59% | |
| Combo meal in fast food restaurant (big mac meal or similar) | S/. 19 (5.27 B/.) | 8 B/. | - 33% | |
| 500 gr (1 lb.) of boneless chicken breast | S/. 8 (2.22 B/.) | 4.10 B/. | - 46% | |
| 1 liter (1 qt.) of whole fat milk | S/. 5.11 (1.39 B/.) | 1.65 B/. | - 16% | |
| 12 eggs, large | S/. 9 (2.45 B/.) | 2.99 B/. | - 18% | |
| 1 kg (2 lb.) of tomatoes | S/. 3.69 (1.01 B/.) | 2.30 B/. | - 56% | |
| 500 gr (16 oz.) of local cheese | S/. 15 (3.97 B/.) | 8 B/. | - 48% | |
| 1 kg (2 lb.) of apples | S/. 4.54 (1.24 B/.) | 2.73 B/. | - 55% | |
| 1 kg (2 lb.) of potatoes | S/. 3.43 (0.94 B/.) | 1.92 B/. | - 51% | |
| 0.5 l (16 oz) domestic beer in the supermarket | S/. 6 (1.70 B/.) | 1.53 B/. | + 11% | |
| 1 bottle of red table wine, good quality | S/. 34 (9 B/.) | 16 B/. | - 42% | |
| 2 liters of coca-cola | S/. 8 (2.11 B/.) | 2.55 B/. | - 17% | |
| Bread for 2 people for 1 day | S/. 2.13 (0.58 B/.) | 1.74 B/. | - 67% | |
| Housing | - 45% | |||
| Housing in Peru is 45% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | S/. 3,153 (860 B/.) | 1,349 B/. | - 36% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | S/. 1,617 (441 B/.) | 907 B/. | - 51% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | S/. 227 (62 B/.) | 145 B/. | - 57% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | S/. 1,876 (512 B/.) | 936 B/. | - 45% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | S/. 1,144 (312 B/.) | 930 B/. | - 66% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | S/. 170 (46 B/.) | 99 B/. | - 53% | |
| Internet 8 mbps (1 month) | S/. 74 (20 B/.) | 45 B/. | - 55% | |
| 40” flat screen tv | S/. 1,274 (347 B/.) | 332 B/. | + 5% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | S/. 439 (120 B/.) | 101 B/. | + 18% | |
| Laundry detergent (3 l. ~ 100 oz.) | S/. 34 (9 B/.) | 7 B/. | + 23% | |
| Hourly rate for cleaning help | S/. 23 (6 B/.) | 5.12 B/. | + 22% | |
| Clothes | - 11% | |||
| Clothes in Peru is 11% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | S/. 165 (45 B/.) | 48 B/. | - 6% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | S/. 105 (29 B/.) | 31 B/. | - 7% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | S/. 261 (71 B/.) | 88 B/. | - 19% | |
| 1 pair of men’s leather business shoes | S/. 255 (70 B/.) | 90 B/. | - 22% | |
| Transportation | - 6% | |||
| Transportation in Peru is 6% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | S/. 61,859 (16,872 B/.) | 21,660 B/. | - 22% | |
| 1 liter (1/4 gallon) of gas | S/. 5.17 (1.41 B/.) | 1.25 B/. | + 13% | |
| Monthly ticket public transport | S/. 124 (34 B/.) | 36 B/. | - 5% | |
| Personal Care | - 45% | |||
| Personal Care in Peru is 45% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | S/. 16 (4.27 B/.) | 9 B/. | - 53% | |
| 1 box of antibiotics (12 doses) | S/. 13 (3.57 B/.) | 24 B/. | - 85% | |
| Short visit to private doctor (15 minutes) | S/. 119 (32 B/.) | 41 B/. | - 21% | |
| 1 box of 32 tampons (tampax, ob, ...) | S/. 27 (7 B/.) | 7 B/. | + 2% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | S/. 15 (4.00 B/.) | 3.80 B/. | + 5% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | S/. 17 (4.59 B/.) | 7 B/. | - 37% | |
| 4 rolls of toilet paper | S/. 4.99 (1.36 B/.) | 3.78 B/. | - 64% | |
| Tube of toothpaste | S/. 6 (1.65 B/.) | 3.41 B/. | - 52% | |
| Standard men's haircut in expat area of the city | S/. 36 (10 B/.) | 15 B/. | - 35% | |
| Entertainment | - 28% | |||
| Entertainment in Peru is 28% cheaper than in Panama | ||||
| Peru | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | S/. 53 (15 B/.) | 32 B/. | - 54% | |
| 2 tickets to the movies | S/. 30 (8 B/.) | 15 B/. | - 45% | |
| 2 tickets to the theater (best available seats) | S/. 123 (34 B/.) | 32 B/. | + 4% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | S/. 114 (31 B/.) | 54 B/. | - 42% | |
| 1 cocktail drink in downtown club | S/. 35 (10 B/.) | 11 B/. | - 13% | |
| Cappuccino in expat area of the city | S/. 15 (3.98 B/.) | 5.66 B/. | - 30% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | S/. 8 (2.15 B/.) | 2.67 B/. | - 19% | |
| Ipad wi-fi 128gb | S/. 2,107 (575 B/.) | 590 B/. | - 3% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | S/. 0.85 (0.23 B/.) | 0.30 B/. | - 22% | |
| 1 month of gym membership in business district | S/. 140 (38 B/.) | 51 B/. | - 25% | |
| 1 package of marlboro cigarettes | S/. 17 (4.65 B/.) | 5.73 B/. | - 19% | |
| TOTAL | - 32% | |||
These prices were last updated on June 10, 2023.
Exchange rate:
0.27275
PAB
/
PEN
This comparison is based on abundant and consistent data. It is based on 3,152 prices entered by 404 different people.
Cost of living in Peru is 32% cheaper than in Panama
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