Published: Monday, 21th October 2024
The cost of living in Benin is 1.50 times less expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between Benin and Panama. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Benin and Panama.
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Indicators | Benin | Panama |
---|---|---|
1 BHK Apartment in City Center | 150,000 XOF (240 USD) | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center | 300,000 XOF (480 USD) | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center | 450,000 XOF (720 USD) | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center | 100,000 XOF (160 USD) | 800 PAB (800 USD) |
2 BHK Apartment outside City Center | 200,000 XOF (320 USD) | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center | 350,000 XOF (560 USD) | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month | 7 % | 1.3 % |
Realtor Commission | 5 % | 5 % |
Property Taxes | Yet to Update | 0.6 to 1.0 % |
The average housing cost in Benin is 4.22 times less expensive than Panama.
Indicators | Benin | Panama |
---|---|---|
Basic Home Furnishing | 500,000 XOF (800 USD) | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month | 150,000 XOF (240 USD) | 150 PAB (150 USD) |
Heating Cost Per Month | 120,000 XOF (192 USD) | 100 PAB (100 USD) |
Cooling Cost Per Month | 150,000 XOF (240 USD) | 80 PAB (80 USD) |
Water Supply Cost Per Month | 10,000 XOF (16 USD) | 60 PAB (60 USD) |
If you lived in Benin, instead of Panama, you would have to pay 56.11% less for Utilities.
The basic home furnishing in Benin costs 3.75 times less compared to Panama.
Indicators | Benin | Panama |
---|---|---|
Standard Wifi Cost Per Month | 31,875 XOF (51 USD) | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month | 25,000 XOF (40 USD) | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month | 15,000 XOF (24 USD) | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 XOF (32 USD) | 80 PAB (80 USD) |
The internet and communication costs 36.09% less in Benin compared to Panama.
Indicators | Benin | Panama |
---|---|---|
Long Grain Rice (1 KG) | 471 XOF (0.75 USD) | 2 PAB (2 USD) |
Milk (1 Liter) | 2,500 XOF (4 USD) | 1.50 PAB (1.50 USD) |
Water (1 Liter) | 428 XOF (0.68 USD) | 0.50 PAB (0.50 USD) |
Bread (500 gm) | 555 XOF (0.89 USD) | 1 PAB (1 USD) |
Eggs (1 Dozen) | 1,165 XOF (1.86 USD) | 3 PAB (3 USD) |
Cheese (1 KG) | 2,500 XOF (4 USD) | 5 PAB (5 USD) |
Chicken Breast (1 KG) | 2,517 XOF (4.03 USD) | 7 PAB (7 USD) |
In Benin, the cost of 1 Liter Water and 1 Liter Milk is 2.34 times more expensive than the cost in Panama.
If you lived in Benin, instead of Panama, you would have to pay 18.91% less for Groceries.
Indicators | Benin | Panama |
---|---|---|
Apples (1 KG) | 1,530 XOF (2.45 USD) | 3 PAB (3 USD) |
Bananas (1 KG) | 612 XOF (0.98 USD) | 1.50 PAB (1.50 USD) |
Oranges (1 KG) | 567 XOF (0.91 USD) | 2 PAB (2 USD) |
Tomatoes (1 KG) | 1,157 XOF (1.85 USD) | 2 PAB (2 USD) |
Potatoes (1 KG) | 726 XOF (1.16 USD) | 1 PAB (1 USD) |
Lemons (1 KG) | 500 XOF (0.80 USD) | 2.50 PAB (2.50 USD) |
Onions (1 KG) | 748 XOF (1.20 USD) | 1.50 PAB (1.50 USD) |
Lentils (1 KG) | 450 XOF (0.72 USD) | 2.50 PAB (2.50 USD) |
If you lived in Benin, instead of Panama, you would have to pay 1.59 times less for Fruits and Vegetables.
Indicators | Benin | Panama |
---|---|---|
Meal at a Resonable Restaurant | 2,000 XOF (3.20 USD) | 12 PAB (12 USD) |
Three-Course Meal for Two | 16,500 XOF (26.40 USD) | 30 PAB (30 USD) |
Fast Food Combo Meal | 3,000 XOF (4.80 USD) | 6 PAB (6 USD) |
Normal Coffee | 2,500 XOF (4 USD) | 2.50 PAB (2.50 USD) |
Soft Drink | 420 XOF (0.67 USD) | 1.50 PAB (1.50 USD) |
Pizza for One | 5,000 XOF (8 USD) | 12 PAB (12 USD) |
Take-Out Delivery Meal | 2,500 XOF (4 USD) | 10 PAB (10 USD) |
Cigarette Pack of 20 | 600 XOF (0.96 USD) | 6 PAB (6 USD) |
Dining-Out costs 34.96% less in Benin compared to Panama.
Indicators | Benin | Panama |
---|---|---|
Wine Mid-Range Bottle | 5,000 XOF (8 USD) | 15 PAB (15 USD) |
Glass of Wine | 1,500 XOF (2.40 USD) | 6 PAB (6 USD) |
Domestic Beer Half Liter | 588 XOF (0.94 USD) | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter | 950 XOF (1.52 USD) | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter | 500 XOF (0.80 USD) | 15 PAB (15 USD) |
Branded Alcohol 1 Liter | 1,200 XOF (1.92 USD) | 25 PAB (25 USD) |
If you lived in Benin, instead of Panama, you would have to pay 4.33 times less for usual hard drinks.
Indicators | Benin | Panama |
---|---|---|
Monthly Public Transportation Pass | 4,347 XOF (6.96 USD) | 50 PAB (50 USD) |
Single Public Transportation Ticket | 1,000 XOF (1.60 USD) | 1.50 PAB (1.50 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 150,000 XOF (240 USD) | 100 PAB (100 USD) |
Taxi Start Fare | 900 XOF (1.44 USD) | 3 PAB (3 USD) |
Taxi Rate Per Kilometer | 1,609 XOF (2.57 USD) | 1.50 PAB (1.50 USD) |
Car Rental Per Day | 43,800 XOF (70.08 USD) | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour | 500 XOF (0.80 USD) | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour | 300 XOF (0.48 USD) | 1 PAB (1 USD) |
If you lived in Benin, instead of Panama, you would have to pay 1.71 times more for transportation.
Indicators | Benin | Panama |
---|---|---|
Reasonable Vehicle Purchase Cost | 14,000,000 XOF (22,400 USD) | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost | 100,000 XOF (160 USD) | 80 PAB (80 USD) |
Driving License Fees | 100,000 XOF (160 USD) | 50 PAB (50 USD) |
Car Insurance Cost | 300,000 XOF (480 USD) | 400 PAB (400 USD) |
Car Maintenance Cost | 50,000 XOF (80 USD) | 150 PAB (150 USD) |
Car Loan Interest Rates | 7 % | 6 % |
Fuel Per Liter | 563 XOF (0.90 USD) | 1.20 PAB (1.20 USD) |
Fuel Per Gallon | 2,231 XOF (3.57 USD) | 4.50 PAB (4.50 USD) |
Average Toll Fees | 400 XOF 0.64 USD | 5 PAB 5 USD |
You would have to pay 1.48 times more for Vehicle purchase, daily operation and maintenance in Benin compared to that of Panama.
Indicators | Benin | Panama |
---|---|---|
Doctor Visit | 20,000 XOF (32 USD) | 50 PAB (50 USD) |
Specialist Visit | 40,000 XOF (64 USD) | 100 PAB (100 USD) |
Dentist Visit | 30,000 XOF (48 USD) | 70 PAB (70 USD) |
Eye Exam | 10,000 XOF (16 USD) | 50 PAB (50 USD) |
Mental Health Counseling | 30,000 XOF (48 USD) | 100 PAB (100 USD) |
Preventive Health Screening | 20,000 XOF (32 USD) | 50 PAB (50 USD) |
Physical Therapy | 20,000 XOF (32 USD) | 75 PAB (75 USD) |
Emergency Room Visit | 50,000 XOF (80 USD) | 300 PAB (300 USD) |
Hospital Stay Per Night | 100,000 XOF (160 USD) | 150 PAB (150 USD) |
Vaccinations | 10,000 XOF (16 USD) | 30 PAB (30 USD) |
Prescription Medication | 5,000 XOF (8 USD) | 20 PAB (20 USD) |
Over the Counter Medication | 2,000 XOF (3.20 USD) | 10 PAB (10 USD) |
Health Insurance Premiums | 100,000 XOF (160 USD) | 150 PAB (150 USD) |
Health Insurance Deductibles | 50,000 XOF (80 USD) | 75 PAB (75 USD) |
If you lived in Benin, instead of Panama, you would have to pay 1.58 times less for Health and Medical Treatment.
Indicators | Benin | Panama |
---|---|---|
Cosmetic Procedures | 8,000 XOF (12.80 USD) | 200 PAB (200 USD) |
Spa Treatment | 20,000 XOF (32 USD) | 75 PAB (75 USD) |
Manicure Pedicure Cost | 5,000 XOF (8 USD) | 30 PAB (30 USD) |
Optical Glasses Cost | 30,000 XOF (48 USD) | 80 PAB (80 USD) |
Contact Lenses Cost | 20,000 XOF (32 USD) | 40 PAB (40 USD) |
Haircuts | 5,000 XOF (8 USD) | 15 PAB (15 USD) |
Hair Coloring | 10,000 XOF (16 USD) | 40 PAB (40 USD) |
Shampoo Price | 2,000 XOF (3.20 USD) | 5 PAB (5 USD) |
Toothpaste Price | 1,000 XOF (1.60 USD) | 2 PAB (2 USD) |
If you lived in Benin, instead of Panama, you would have to pay 3.01 times less for Personal Care Items and Treatment.
Indicators | Benin | Panama |
---|---|---|
Pair of Nike Running Shoes | 18,000 XOF (28.80 USD) | 80 PAB (80 USD) |
Men's Shirt | 5,000 XOF (8 USD) | 25 PAB (25 USD) |
Women's Dress | 8,300 XOF (13.28 USD) | 40 PAB (40 USD) |
Summer Dress | 8,300 XOF (13.28 USD) | 30 PAB (30 USD) |
Men's Suit | 50,000 XOF (80 USD) | 100 PAB (100 USD) |
Men's Jeans | 9,000 XOF (14.40 USD) | 40 PAB (40 USD) |
Women's Jeans | 9,000 XOF (14.40 USD) | 30 PAB (30 USD) |
Men's Formal Shoes | 30,000 XOF (48 USD) | 80 PAB (80 USD) |
Women's Formal Shoes | 25,000 XOF (40 USD) | 80 PAB (80 USD) |
Men's Casual Shoes | 20,000 XOF (32 USD) | 50 PAB (50 USD) |
Women's Casual Shoes | 15,000 XOF (24 USD) | 50 PAB (50 USD) |
Underwear For Men | 3,000 XOF (4.80 USD) | 8 PAB (8 USD) |
Underwear For Women | 3,500 XOF (5.60 USD) | 12 PAB (12 USD) |
Socks For Men | 1,000 XOF (1.60 USD) | 3 PAB (3 USD) |
Socks For Women | 1,000 XOF (1.60 USD) | 3 PAB (3 USD) |
Wintercoat for Adults | 30,000 XOF (48 USD) | 80 PAB (80 USD) |
Sportswear | 20,000 XOF (32 USD) | 40 PAB (40 USD) |
If you lived in Benin, instead of Panama, you would have to pay 1.83 times less for Clothing and Footwear for Adults.
Indicators | Benin | Panama |
---|---|---|
Children's Jeans | 6,000 XOF (9.60 USD) | 20 PAB (20 USD) |
Children's Normal Sneakers | 10,000 XOF (16 USD) | 30 PAB (30 USD) |
Children's Winter Coat | 15,000 XOF (24 USD) | 40 PAB (40 USD) |
Daycare for Infant | 50,000 XOF (80 USD) | 200 PAB (200 USD) |
Daycare for Toddler | 45,000 XOF (72 USD) | 150 PAB (150 USD) |
Childcare for Sick Days | 2,000 XOF (3.20 USD) | 30 PAB (30 USD) |
Early Childhood Education Programs | 30,000 XOF (48 USD) | 150 PAB (150 USD) |
Extra Curricular Activities | 10,000 XOF (16 USD) | 100 PAB (100 USD) |
Summer Camp for Kids | 50,000 XOF (80 USD) | 150 PAB (150 USD) |
If you lived in Benin, instead of Panama, you would have to pay 2.49 times less for Childcare and kids clothing.
Indicators | Benin | Panama |
---|---|---|
PreSchool Fees | 40,000 XOF (64 USD) | 250 PAB (250 USD) |
Primary School Fees | 30,000 XOF (48 USD) | 400 PAB (400 USD) |
Secondary School Fees | 25,000 XOF (40 USD) | 600 PAB (600 USD) |
Private School Fees | 150,000 XOF (240 USD) | 1,000 PAB (1,000 USD) |
University Tuition Fees | 200,000 XOF (320 USD) | 2,500 PAB (2,500 USD) |
University Private Tuition Fees | 300,000 XOF (480 USD) | 3,500 PAB (3,500 USD) |
After School Activities | 20,000 XOF (32 USD) | 75 PAB (75 USD) |
Special Education Services | 30,000 XOF (48 USD) | 200 PAB (200 USD) |
Tutoring | 15,000 XOF (24 USD) | 30 PAB (30 USD) |
Textbooks Cost | 10,000 XOF (16 USD) | 50 PAB (50 USD) |
School Supplies | 5,000 XOF (8 USD) | 30 PAB (30 USD) |
If you lived in Benin, instead of Panama, you would have to pay 6.54 times less for school and education.
Indicators | Benin | Panama |
---|---|---|
Movie Ticket (Single) | 4,000 XOF (6.40 USD) | 8 PAB (8 USD) |
Theater Ticket (Single) | 8,000 XOF (12.80 USD) | 15 PAB (15 USD) |
Concert Ticket (Single) | 10,000 XOF (16 USD) | 25 PAB (25 USD) |
Sports Event Ticket (Single) | 5,000 XOF (8 USD) | 15 PAB (15 USD) |
Gym Membership | 25,000 XOF (40 USD) | 40 PAB (40 USD) |
Swimming Pool Access | 5,000 XOF (8 USD) | 25 PAB (25 USD) |
Museum Entry Ticket | 2,000 XOF (3.20 USD) | 8 PAB (8 USD) |
Zoo Entry Ticket | 1,000 XOF (1.60 USD) | 12 PAB (12 USD) |
Amusement Park Entry Ticket | 5,000 XOF (8 USD) | 20 PAB (20 USD) |
Bowling | 3,000 XOF (4.80 USD) | 15 PAB (15 USD) |
Mini Golf | 2,000 XOF (3.20 USD) | 12 PAB (12 USD) |
Video Games | 25,000 XOF (40 USD) | 40 PAB (40 USD) |
Streaming Services | 3,000 XOF (4.80 USD) | 12 PAB (12 USD) |
Outdoor Equipment Rental | 15,000 XOF (24 USD) | 15 PAB (15 USD) |
Theme Park Annual Pass | 50,000 XOF (80 USD) | 500 PAB (500 USD) |
If you lived in Benin, instead of Panama, you would have to pay 2.92 times less for entertainment, recreation and fun activities.
Indicators | Benin | Panama |
---|---|---|
Language Classes | 20,000 XOF (32 USD) | 150 PAB (150 USD) |
Parenting Classes | 10,000 XOF (16 USD) | 150 PAB (150 USD) |
Art Classes | 10,000 XOF (16 USD) | 25 PAB (25 USD) |
Fitness Classes | 10,000 XOF (16 USD) | 25 PAB (25 USD) |
Music Lessons | 15,000 XOF (24 USD) | 30 PAB (30 USD) |
Dance Lessons | 10,000 XOF (16 USD) | 30 PAB (30 USD) |
Reading Materials for Classes | 5,000 XOF (8 USD) | 8 PAB (8 USD) |
Educational Software | 5,000 XOF (8 USD) | 150 PAB (150 USD) |
If you lived in Benin, instead of Panama, you would have to pay 4.18 times less for Private Classes.
Indicators | Benin | Panama |
---|---|---|
Average Gross Monthly Salary | 150,000 XOF (240 USD) | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary | 130,000 XOF (208 USD) | 1,200 PAB (1,200 USD) |
Minimum Wages | 1,333.33 XOF per hour (2.13 USD) | 20 PAB per hour (20 USD) |
Average Bonus | 10,000 XOF (16 USD) | 150 PAB (150 USD) |
Income Tax Rate | 0 to 18 % | 0 to 7 % |
Social Security Contributions | 5 % | 9 % |
Pension Contributions | 5 % | 10 % |
Cost of Living Index | 35 | 50 |
Median Household Income | 80,000 XOF (128 USD) | 1,200 PAB (1,200 USD) |
If you lived in Benin, you would earn 6.85 times less salary as compared to Panama.
Indicators | Benin | Panama |
---|---|---|
Legal Consultation Per Hour Rate | 15,000 XOF (24 USD) | 100 PAB (100 USD) |
Accounting Services Per Hour Rate | 12,000 XOF (19.20 USD) | 80 PAB (80 USD) |
IT Support Services Per Hour Rate | 8,000 XOF (12.80 USD) | 80 PAB (80 USD) |
Technician Services Per Hour Rate | 7,000 XOF (11.20 USD) | 60 PAB (60 USD) |
Professional Services cost 4.76 times less in Benin, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between Benin and Panama.
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