Cost of living in Philippines compared to Panama
Currency:
| Food | - 35% | |||
|---|---|---|---|---|
| Food in Philippines is 35% cheaper than in Panama | ||||
| Philippines | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | Php286 (5.13 B/.) | 14 B/. | - 64% | |
| Combo meal in fast food restaurant (big mac meal or similar) | Php229 (4.11 B/.) | 7 B/. | - 41% | |
| 500 gr (1 lb.) of boneless chicken breast | Php129 (2.31 B/.) | 3.36 B/. | - 31% | |
| 1 liter (1 qt.) of whole fat milk | Php122 (2.18 B/.) | 1.73 B/. | + 26% | |
| 12 eggs, large | Php136 (2.45 B/.) | 2.65 B/. | - 8% | |
| 1 kg (2 lb.) of tomatoes | Php87 (1.56 B/.) | 2.65 B/. | - 41% | |
| 500 gr (16 oz.) of local cheese | Php215 (3.86 B/.) | 6 B/. | - 39% | |
| 1 kg (2 lb.) of apples | Php137 (2.47 B/.) | 2.66 B/. | - 7% | |
| 1 kg (2 lb.) of potatoes | Php122 (2.19 B/.) | 2.31 B/. | - 5% | |
| 0.5 l (16 oz) domestic beer in the supermarket | Php79 (1.42 B/.) | 1.04 B/. | + 36% | |
| 1 bottle of red table wine, good quality | Php507 (9 B/.) | 10 B/. | - 6% | |
| 2 liters of coca-cola | Php74 (1.32 B/.) | 2.49 B/. | - 47% | |
| Bread for 2 people for 1 day | Php39 (0.69 B/.) | 1.27 B/. | - 45% | |
| Housing | - 10% | |||
| Housing in Philippines is 10% cheaper than in Panama | ||||
| Philippines | Panama | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | Php85,433 (1,533 B/.) | 1,397 B/. | + 10% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | Php40,407 (725 B/.) | 905 B/. | - 20% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | Php5,673 (102 B/.) | 107 B/. | - 5% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | Php26,628 (478 B/.) | 784 B/. | - 39% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | Php15,403 (276 B/.) | 559 B/. | - 51% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | Php5,075 (91 B/.) | 100 B/. | - 9% | |
| Internet 8 mbps (1 month) | Php1,536 (28 B/.) | 35 B/. | - 22% | |
| 40” flat screen tv | Php22,695 (407 B/.) | 317 B/. | + 28% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | Php7,617 (137 B/.) | 116 B/. | + 18% | |
| Laundry detergent (3 l. ~ 100 oz.) | Php343 (6 B/.) | 7 B/. | - 17% | |
| Hourly rate for cleaning help | Php1,220 (22 B/.) | 16 B/. | + 39% | |
| Clothes | - 33% | |||
| Clothes in Philippines is 33% cheaper than in Panama | ||||
| Philippines | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | Php1,931 (35 B/.) | 49 B/. | - 29% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | Php1,578 (28 B/.) | 47 B/. | - 39% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | Php4,413 (79 B/.) | 96 B/. | - 17% | |
| 1 pair of men’s leather business shoes | Php3,616 (65 B/.) | 94 B/. | - 31% | |
| Transportation | - 12% | |||
| Transportation in Philippines is 12% cheaper than in Panama | ||||
| Philippines | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | Php1,332,570 (23,912 B/.) | 22,809 B/. | + 5% | |
| 1 liter (1/4 gallon) of gas | Php63 (1.13 B/.) | 1.01 B/. | + 11% | |
| Monthly ticket public transport | Php941 (17 B/.) | 25 B/. | - 33% | |
| Personal Care | - 25% | |||
| Personal Care in Philippines is 25% cheaper than in Panama | ||||
| Philippines | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | Php263 (4.72 B/.) | 8 B/. | - 44% | |
| 1 box of antibiotics (12 doses) | Php1,132 (20 B/.) | 17 B/. | + 19% | |
| Short visit to private doctor (15 minutes) | - | 28 B/. | - | |
| 1 box of 32 tampons (tampax, ob, ...) | Php224 (4.01 B/.) | 5.50 B/. | - 27% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | Php183 (3.29 B/.) | 5.33 B/. | - 38% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | Php217 (3.90 B/.) | 7 B/. | - 43% | |
| 4 rolls of toilet paper | Php79 (1.41 B/.) | 2.64 B/. | - 47% | |
| Tube of toothpaste | Php78 (1.39 B/.) | 2.96 B/. | - 53% | |
| Standard men's haircut in expat area of the city | Php311 (5.58 B/.) | 15 B/. | - 64% | |
| Entertainment | + 23% | |||
| Entertainment in Philippines is 23% more expensive than in Panama | ||||
| Philippines | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | Php746 (13 B/.) | 25 B/. | - 47% | |
| 2 tickets to the movies | Php823 (15 B/.) | 11 B/. | + 34% | |
| 2 tickets to the theater (best available seats) | Php8,198 (147 B/.) | 36 B/. | + 314% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | Php1,739 (31 B/.) | 52 B/. | - 40% | |
| 1 cocktail drink in downtown club | Php237 (4.24 B/.) | 9 B/. | - 51% | |
| Cappuccino in expat area of the city | Php163 (2.92 B/.) | 4.92 B/. | - 41% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | Php243 (4.36 B/.) | 3.73 B/. | + 17% | |
| Ipad wi-fi 128gb | Php50,403 (904 B/.) | 663 B/. | + 36% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | Php34 (0.61 B/.) | 0.29 B/. | + 115% | |
| 1 month of gym membership in business district | Php2,215 (40 B/.) | 49 B/. | - 19% | |
| 1 package of marlboro cigarettes | Php173 (3.11 B/.) | 6 B/. | - 50% | |
| TOTAL | - 12% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 794 prices entered by 168 different people.
These prices were last updated on September 17, 2024.
Exchange rate:
0.01794
PAB
/
PHP
Cost of living in Philippines is 12% cheaper than in Panama
Other Country Comparisons
- Cost of living in Anguilla is 124% more expensive than in Panama
- Cost of living in Angola is 31% cheaper than in Panama
- Cost of living in Afghanistan is 26% cheaper than in Panama
- Cost of living in Andorra is 58% more expensive than in Panama
- Cost of living in Netherlands Antilles is 51% more expensive than in Panama
- Cost of living in Armenia is about the same as in Panama
- Cost of living in American Samoa is in Panama
- Cost of living in United Arab Emirates is 42% more expensive than in Panama