Published: Monday, 21th October 2024
The cost of living in Guyana is 3.36 times less expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between Guyana 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 Guyana and Panama.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
Indicators | Guyana | Panama |
---|---|---|
1 BHK Apartment in City Center | 60,000 GYD (288 USD) | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center | 80,000 GYD (384 USD) | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center | 120,000 GYD (576 USD) | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center | 30,000 GYD (144 USD) | 800 PAB (800 USD) |
2 BHK Apartment outside City Center | 40,000 GYD (192 USD) | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center | 60,000 GYD (288 USD) | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month | 8 % | 1.3 % |
Realtor Commission | 3 % | 5 % |
Property Taxes | Yet to Update | 0.6 to 1.0 % |
The average housing cost in Guyana is 5.21 times less expensive than Panama.
Indicators | Guyana | Panama |
---|---|---|
Basic Home Furnishing | 300,000 GYD (1,440 USD) | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month | 10,000 GYD (48 USD) | 150 PAB (150 USD) |
Heating Cost Per Month | 5,000 GYD (24 USD) | 100 PAB (100 USD) |
Cooling Cost Per Month | 4,000 GYD (19.20 USD) | 80 PAB (80 USD) |
Water Supply Cost Per Month | 3,000 GYD (14.40 USD) | 60 PAB (60 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 54.41% less for Utilities.
The basic home furnishing in Guyana costs 2.08 times less compared to Panama.
Indicators | Guyana | Panama |
---|---|---|
Standard Wifi Cost Per Month | 3,000 GYD (14.40 USD) | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month | 1,000 GYD (4.80 USD) | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month | 1,000 GYD (4.80 USD) | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month | 2,000 GYD (9.60 USD) | 80 PAB (80 USD) |
The internet and communication costs 85.39% less in Guyana compared to Panama.
Indicators | Guyana | Panama |
---|---|---|
Long Grain Rice (1 KG) | 350 GYD (1.68 USD) | 2 PAB (2 USD) |
Milk (1 Liter) | 250 GYD (1.20 USD) | 1.50 PAB (1.50 USD) |
Water (1 Liter) | 70 GYD (0.34 USD) | 0.50 PAB (0.50 USD) |
Bread (500 gm) | 200 GYD (0.96 USD) | 1 PAB (1 USD) |
Eggs (1 Dozen) | 300 GYD (1.44 USD) | 3 PAB (3 USD) |
Cheese (1 KG) | 600 GYD (2.88 USD) | 5 PAB (5 USD) |
Chicken Breast (1 KG) | 400 GYD (1.92 USD) | 7 PAB (7 USD) |
In Guyana, the cost of 1 Liter Water and 1 Liter Milk is 1.30 times less expensive than the cost in Panama.
If you lived in Guyana, instead of Panama, you would have to pay 47.92% less for Groceries.
Indicators | Guyana | Panama |
---|---|---|
Apples (1 KG) | 350 GYD (1.68 USD) | 3 PAB (3 USD) |
Bananas (1 KG) | 200 GYD (0.96 USD) | 1.50 PAB (1.50 USD) |
Oranges (1 KG) | 300 GYD (1.44 USD) | 2 PAB (2 USD) |
Tomatoes (1 KG) | 250 GYD (1.20 USD) | 2 PAB (2 USD) |
Potatoes (1 KG) | 200 GYD (0.96 USD) | 1 PAB (1 USD) |
Lemons (1 KG) | 300 GYD (1.44 USD) | 2.50 PAB (2.50 USD) |
Onions (1 KG) | 200 GYD (0.96 USD) | 1.50 PAB (1.50 USD) |
Lentils (1 KG) | 350 GYD (1.68 USD) | 2.50 PAB (2.50 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 1.55 times less for Fruits and Vegetables.
Indicators | Guyana | Panama |
---|---|---|
Meal at a Resonable Restaurant | 1,500 GYD (7.20 USD) | 12 PAB (12 USD) |
Three-Course Meal for Two | 3,500 GYD (16.80 USD) | 30 PAB (30 USD) |
Fast Food Combo Meal | 800 GYD (3.84 USD) | 6 PAB (6 USD) |
Normal Coffee | 400 GYD (1.92 USD) | 2.50 PAB (2.50 USD) |
Soft Drink | 200 GYD (0.96 USD) | 1.50 PAB (1.50 USD) |
Pizza for One | 1,500 GYD (7.20 USD) | 12 PAB (12 USD) |
Take-Out Delivery Meal | 1,000 GYD (4.80 USD) | 10 PAB (10 USD) |
Cigarette Pack of 20 | 300 GYD (1.44 USD) | 6 PAB (6 USD) |
Dining-Out costs 44.80% less in Guyana compared to Panama.
Indicators | Guyana | Panama |
---|---|---|
Wine Mid-Range Bottle | 1,000 GYD (4.80 USD) | 15 PAB (15 USD) |
Glass of Wine | 500 GYD (2.40 USD) | 6 PAB (6 USD) |
Domestic Beer Half Liter | 250 GYD (1.20 USD) | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter | 350 GYD (1.68 USD) | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter | 600 GYD (2.88 USD) | 15 PAB (15 USD) |
Branded Alcohol 1 Liter | 800 GYD (3.84 USD) | 25 PAB (25 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 4.02 times less for usual hard drinks.
Indicators | Guyana | Panama |
---|---|---|
Monthly Public Transportation Pass | 6,000 GYD (28.80 USD) | 50 PAB (50 USD) |
Single Public Transportation Ticket | 400 GYD (1.92 USD) | 1.50 PAB (1.50 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 15,000 GYD (72 USD) | 100 PAB (100 USD) |
Taxi Start Fare | 500 GYD (2.40 USD) | 3 PAB (3 USD) |
Taxi Rate Per Kilometer | 150 GYD (0.72 USD) | 1.50 PAB (1.50 USD) |
Car Rental Per Day | 4,000 GYD (19.20 USD) | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour | 500 GYD (2.40 USD) | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour | 250 GYD (1.20 USD) | 1 PAB (1 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 1.47 times less for transportation.
Indicators | Guyana | Panama |
---|---|---|
Reasonable Vehicle Purchase Cost | 1,000,000 GYD (4,800 USD) | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost | 5,000 GYD (24 USD) | 80 PAB (80 USD) |
Driving License Fees | 2,000 GYD (9.60 USD) | 50 PAB (50 USD) |
Car Insurance Cost | 60,000 GYD (288 USD) | 400 PAB (400 USD) |
Car Maintenance Cost | 15,000 GYD (72 USD) | 150 PAB (150 USD) |
Car Loan Interest Rates | 10 % | 6 % |
Fuel Per Liter | 200 GYD (0.96 USD) | 1.20 PAB (1.20 USD) |
Fuel Per Gallon | 760 GYD (3.65 USD) | 4.50 PAB (4.50 USD) |
Average Toll Fees | 500 GYD 2.40 USD | 5 PAB 5 USD |
You would have to pay 3.02 times less for Vehicle purchase, daily operation and maintenance in Guyana compared to that of Panama.
Indicators | Guyana | Panama |
---|---|---|
Doctor Visit | 1,500 GYD (7.20 USD) | 50 PAB (50 USD) |
Specialist Visit | 2,000 GYD (9.60 USD) | 100 PAB (100 USD) |
Dentist Visit | 1,000 GYD (4.80 USD) | 70 PAB (70 USD) |
Eye Exam | 500 GYD (2.40 USD) | 50 PAB (50 USD) |
Mental Health Counseling | 1,500 GYD (7.20 USD) | 100 PAB (100 USD) |
Preventive Health Screening | 800 GYD (3.84 USD) | 50 PAB (50 USD) |
Physical Therapy | 1,000 GYD (4.80 USD) | 75 PAB (75 USD) |
Emergency Room Visit | 2,000 GYD (9.60 USD) | 300 PAB (300 USD) |
Hospital Stay Per Night | 3,000 GYD (14.40 USD) | 150 PAB (150 USD) |
Vaccinations | 500 GYD (2.40 USD) | 30 PAB (30 USD) |
Prescription Medication | 300 GYD (1.44 USD) | 20 PAB (20 USD) |
Over the Counter Medication | 200 GYD (0.96 USD) | 10 PAB (10 USD) |
Health Insurance Premiums | 10,000 GYD (48 USD) | 150 PAB (150 USD) |
Health Insurance Deductibles | 2,000 GYD (9.60 USD) | 75 PAB (75 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 9.74 times less for Health and Medical Treatment.
Indicators | Guyana | Panama |
---|---|---|
Cosmetic Procedures | 2,000 GYD (9.60 USD) | 200 PAB (200 USD) |
Spa Treatment | 500 GYD (2.40 USD) | 75 PAB (75 USD) |
Manicure Pedicure Cost | 200 GYD (0.96 USD) | 30 PAB (30 USD) |
Optical Glasses Cost | 1,000 GYD (4.80 USD) | 80 PAB (80 USD) |
Contact Lenses Cost | 500 GYD (2.40 USD) | 40 PAB (40 USD) |
Haircuts | 500 GYD (2.40 USD) | 15 PAB (15 USD) |
Hair Coloring | 1,000 GYD (4.80 USD) | 40 PAB (40 USD) |
Shampoo Price | 200 GYD (0.96 USD) | 5 PAB (5 USD) |
Toothpaste Price | 100 GYD (0.48 USD) | 2 PAB (2 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 16.91 times less for Personal Care Items and Treatment.
Indicators | Guyana | Panama |
---|---|---|
Pair of Nike Running Shoes | 5,000 GYD (24 USD) | 80 PAB (80 USD) |
Men's Shirt | 2,000 GYD (9.60 USD) | 25 PAB (25 USD) |
Women's Dress | 2,000 GYD (9.60 USD) | 40 PAB (40 USD) |
Summer Dress | 1,500 GYD (7.20 USD) | 30 PAB (30 USD) |
Men's Suit | 8,000 GYD (38.40 USD) | 100 PAB (100 USD) |
Men's Jeans | 2,500 GYD (12 USD) | 40 PAB (40 USD) |
Women's Jeans | 1,500 GYD (7.20 USD) | 30 PAB (30 USD) |
Men's Formal Shoes | 2,000 GYD (9.60 USD) | 80 PAB (80 USD) |
Women's Formal Shoes | 1,500 GYD (7.20 USD) | 80 PAB (80 USD) |
Men's Casual Shoes | 1,500 GYD (7.20 USD) | 50 PAB (50 USD) |
Women's Casual Shoes | 1,000 GYD (4.80 USD) | 50 PAB (50 USD) |
Underwear For Men | 500 GYD (2.40 USD) | 8 PAB (8 USD) |
Underwear For Women | 600 GYD (2.88 USD) | 12 PAB (12 USD) |
Socks For Men | 200 GYD (0.96 USD) | 3 PAB (3 USD) |
Socks For Women | 250 GYD (1.20 USD) | 3 PAB (3 USD) |
Wintercoat for Adults | 3,000 GYD (14.40 USD) | 80 PAB (80 USD) |
Sportswear | 1,000 GYD (4.80 USD) | 40 PAB (40 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 4.59 times less for Clothing and Footwear for Adults.
Indicators | Guyana | Panama |
---|---|---|
Children's Jeans | 800 GYD (3.84 USD) | 20 PAB (20 USD) |
Children's Normal Sneakers | 1,000 GYD (4.80 USD) | 30 PAB (30 USD) |
Children's Winter Coat | 1,500 GYD (7.20 USD) | 40 PAB (40 USD) |
Daycare for Infant | 30,000 GYD (144 USD) | 200 PAB (200 USD) |
Daycare for Toddler | 20,000 GYD (96 USD) | 150 PAB (150 USD) |
Childcare for Sick Days | 1,000 GYD (4.80 USD) | 30 PAB (30 USD) |
Early Childhood Education Programs | 20,000 GYD (96 USD) | 150 PAB (150 USD) |
Extra Curricular Activities | 5,000 GYD (24 USD) | 100 PAB (100 USD) |
Summer Camp for Kids | 10,000 GYD (48 USD) | 150 PAB (150 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 2.03 times less for Childcare and kids clothing.
Indicators | Guyana | Panama |
---|---|---|
PreSchool Fees | 15,000 GYD (72 USD) | 250 PAB (250 USD) |
Primary School Fees | 30,000 GYD (144 USD) | 400 PAB (400 USD) |
Secondary School Fees | 45,000 GYD (216 USD) | 600 PAB (600 USD) |
Private School Fees | 80,000 GYD (384 USD) | 1,000 PAB (1,000 USD) |
University Tuition Fees | 150,000 GYD (720 USD) | 2,500 PAB (2,500 USD) |
University Private Tuition Fees | 200,000 GYD (960 USD) | 3,500 PAB (3,500 USD) |
After School Activities | 5,000 GYD (24 USD) | 75 PAB (75 USD) |
Special Education Services | 10,000 GYD (48 USD) | 200 PAB (200 USD) |
Tutoring | 1,000 GYD (4.80 USD) | 30 PAB (30 USD) |
Textbooks Cost | 1,000 GYD (4.80 USD) | 50 PAB (50 USD) |
School Supplies | 800 GYD (3.84 USD) | 30 PAB (30 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 3.35 times less for school and education.
Indicators | Guyana | Panama |
---|---|---|
Movie Ticket (Single) | 500 GYD (2.40 USD) | 8 PAB (8 USD) |
Theater Ticket (Single) | 1,000 GYD (4.80 USD) | 15 PAB (15 USD) |
Concert Ticket (Single) | 1,500 GYD (7.20 USD) | 25 PAB (25 USD) |
Sports Event Ticket (Single) | 1,200 GYD (5.76 USD) | 15 PAB (15 USD) |
Gym Membership | 2,000 GYD (9.60 USD) | 40 PAB (40 USD) |
Swimming Pool Access | 500 GYD (2.40 USD) | 25 PAB (25 USD) |
Museum Entry Ticket | 300 GYD (1.44 USD) | 8 PAB (8 USD) |
Zoo Entry Ticket | 400 GYD (1.92 USD) | 12 PAB (12 USD) |
Amusement Park Entry Ticket | 600 GYD (2.88 USD) | 20 PAB (20 USD) |
Bowling | 400 GYD (1.92 USD) | 15 PAB (15 USD) |
Mini Golf | 400 GYD (1.92 USD) | 12 PAB (12 USD) |
Video Games | 1,200 GYD (5.76 USD) | 40 PAB (40 USD) |
Streaming Services | 800 GYD (3.84 USD) | 12 PAB (12 USD) |
Outdoor Equipment Rental | 500 GYD (2.40 USD) | 15 PAB (15 USD) |
Theme Park Annual Pass | 10,000 GYD (48 USD) | 500 PAB (500 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 7.45 times less for entertainment, recreation and fun activities.
Indicators | Guyana | Panama |
---|---|---|
Language Classes | 5,000 GYD (24 USD) | 150 PAB (150 USD) |
Parenting Classes | 2,000 GYD (9.60 USD) | 150 PAB (150 USD) |
Art Classes | 800 GYD (3.84 USD) | 25 PAB (25 USD) |
Fitness Classes | 500 GYD (2.40 USD) | 25 PAB (25 USD) |
Music Lessons | 1,000 GYD (4.80 USD) | 30 PAB (30 USD) |
Dance Lessons | 1,000 GYD (4.80 USD) | 30 PAB (30 USD) |
Reading Materials for Classes | 300 GYD (1.44 USD) | 8 PAB (8 USD) |
Educational Software | 3,000 GYD (14.40 USD) | 150 PAB (150 USD) |
If you lived in Guyana, instead of Panama, you would have to pay 8.70 times less for Private Classes.
Indicators | Guyana | Panama |
---|---|---|
Average Gross Monthly Salary | 120,000 GYD (576 USD) | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary | 90,000 GYD (432 USD) | 1,200 PAB (1,200 USD) |
Minimum Wages | 1,000 GYD per hour (4.80 USD) | 20 PAB per hour (20 USD) |
Average Bonus | 10,000 GYD (48 USD) | 150 PAB (150 USD) |
Income Tax Rate | 0 to 14 % | 0 to 7 % |
Social Security Contributions | 10 % | 9 % |
Pension Contributions | 8 % | 10 % |
Cost of Living Index | 90 | 50 |
Median Household Income | 150,000 GYD (720 USD) | 1,200 PAB (1,200 USD) |
If you lived in Guyana, you would earn 2.29 times less salary as compared to Panama.
Indicators | Guyana | Panama |
---|---|---|
Legal Consultation Per Hour Rate | 2,000 GYD (9.60 USD) | 100 PAB (100 USD) |
Accounting Services Per Hour Rate | 1,500 GYD (7.20 USD) | 80 PAB (80 USD) |
IT Support Services Per Hour Rate | 1,200 GYD (5.76 USD) | 80 PAB (80 USD) |
Technician Services Per Hour Rate | 1,000 GYD (4.80 USD) | 60 PAB (60 USD) |
Professional Services cost 11.70 times less in Guyana, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between Guyana and Panama.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.