Cost of living in Philippines compared to Panama
Currency:
| Food | - 42% | |||
|---|---|---|---|---|
| Food in Philippines is 42% cheaper than in Panama | ||||
| Philippines | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | Php237 (4.35 B/.) | 18 B/. | - 76% | |
| Combo meal in fast food restaurant (big mac meal or similar) | Php201 (3.69 B/.) | 8 B/. | - 53% | |
| 500 gr (1 lb.) of boneless chicken breast | Php131 (2.40 B/.) | 3.95 B/. | - 39% | |
| 1 liter (1 qt.) of whole fat milk | Php94 (1.73 B/.) | 1.64 B/. | + 5% | |
| 12 eggs, large | Php125 (2.29 B/.) | 2.92 B/. | - 22% | |
| 1 kg (2 lb.) of tomatoes | Php90 (1.65 B/.) | 2.52 B/. | - 34% | |
| 500 gr (16 oz.) of local cheese | Php222 (4.08 B/.) | 8 B/. | - 50% | |
| 1 kg (2 lb.) of apples | Php158 (2.90 B/.) | 2.72 B/. | + 7% | |
| 1 kg (2 lb.) of potatoes | Php108 (1.98 B/.) | 2.06 B/. | - 4% | |
| 0.5 l (16 oz) domestic beer in the supermarket | Php67 (1.23 B/.) | 1.37 B/. | - 11% | |
| 1 bottle of red table wine, good quality | Php521 (10 B/.) | 13 B/. | - 27% | |
| 2 liters of coca-cola | Php105 (1.92 B/.) | 2.52 B/. | - 24% | |
| Bread for 2 people for 1 day | Php71 (1.31 B/.) | 1.89 B/. | - 31% | |
| Housing | - 18% | |||
| Housing in Philippines is 18% cheaper than in Panama | ||||
| Philippines | Panama | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | Php82,104 (1,507 B/.) | 1,424 B/. | + 6% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | Php41,067 (754 B/.) | 830 B/. | - 9% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | Php4,943 (91 B/.) | 114 B/. | - 20% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | Php29,520 (542 B/.) | 937 B/. | - 42% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | Php15,542 (285 B/.) | 863 B/. | - 67% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | Php4,697 (86 B/.) | 92 B/. | - 6% | |
| Internet 8 mbps (1 month) | Php1,923 (35 B/.) | 43 B/. | - 18% | |
| 40” flat screen tv | Php17,521 (322 B/.) | 431 B/. | - 25% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | Php4,929 (90 B/.) | 99 B/. | - 9% | |
| Laundry detergent (3 l. ~ 100 oz.) | Php355 (7 B/.) | 8 B/. | - 16% | |
| Hourly rate for cleaning help | Php865 (16 B/.) | 11 B/. | + 50% | |
| Clothes | - 3% | |||
| Clothes in Philippines is about the same as in Panama | ||||
| Philippines | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | Php2,267 (42 B/.) | 43 B/. | - 3% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | Php1,633 (30 B/.) | 29 B/. | + 2% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | Php3,996 (73 B/.) | 79 B/. | - 8% | |
| 1 pair of men’s leather business shoes | Php3,758 (69 B/.) | 83 B/. | - 16% | |
| Transportation | - 36% | |||
| Transportation in Philippines is 36% cheaper than in Panama | ||||
| Philippines | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | Php1,179,280 (21,645 B/.) | 22,953 B/. | - 6% | |
| 1 liter (1/4 gallon) of gas | Php75 (1.37 B/.) | 1.46 B/. | - 6% | |
| Monthly ticket public transport | Php702 (13 B/.) | 40 B/. | - 67% | |
| Personal Care | - 33% | |||
| Personal Care in Philippines is 33% cheaper than in Panama | ||||
| Philippines | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | Php426 (8 B/.) | 11 B/. | - 30% | |
| 1 box of antibiotics (12 doses) | Php1,372 (25 B/.) | 29 B/. | - 12% | |
| Short visit to private doctor (15 minutes) | Php950 (17 B/.) | 47 B/. | - 63% | |
| 1 box of 32 tampons (tampax, ob, ...) | Php205 (3.76 B/.) | 7 B/. | - 46% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | Php185 (3.40 B/.) | 4.44 B/. | - 23% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | Php180 (3.30 B/.) | 7 B/. | - 49% | |
| 4 rolls of toilet paper | Php108 (1.99 B/.) | 3.61 B/. | - 45% | |
| Tube of toothpaste | Php132 (2.43 B/.) | 3.54 B/. | - 31% | |
| Standard men's haircut in expat area of the city | Php284 (5.22 B/.) | 15 B/. | - 66% | |
| Entertainment | - 48% | |||
| Entertainment in Philippines is 48% cheaper than in Panama | ||||
| Philippines | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | Php814 (15 B/.) | 28 B/. | - 47% | |
| 2 tickets to the movies | Php673 (12 B/.) | 12 B/. | - 1% | |
| 2 tickets to the theater (best available seats) | Php1,612 (30 B/.) | 34 B/. | - 14% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | Php1,626 (30 B/.) | 57 B/. | - 48% | |
| 1 cocktail drink in downtown club | Php307 (5.64 B/.) | 11 B/. | - 48% | |
| Cappuccino in expat area of the city | Php167 (3.06 B/.) | 5.46 B/. | - 44% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | Php78 (1.44 B/.) | 2.82 B/. | - 49% | |
| Ipad wi-fi 128gb | Php14,492 (266 B/.) | 632 B/. | - 58% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | Php8 (0.15 B/.) | 0.50 B/. | - 70% | |
| 1 month of gym membership in business district | Php2,774 (51 B/.) | 46 B/. | + 12% | |
| 1 package of marlboro cigarettes | Php145 (2.67 B/.) | 5.70 B/. | - 53% | |
| TOTAL | - 33% | |||
These prices were last updated on March 20, 2023.
Exchange rate:
0.01835
PAB
/
PHP
This comparison is based on abundant and consistent data. It is based on 1,797 prices entered by 261 different people.
Cost of living in Philippines is 33% cheaper than in Panama
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