Published: Monday, 21th October 2024
The cost of living in Israel is 1.56 times more expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between Israel 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 Israel and Panama.
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Indicators | Israel | Panama |
---|---|---|
1 BHK Apartment in City Center | 4,500 ILS (1,170 USD) | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center | 7,500 ILS (1,950 USD) | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center | 10,500 ILS (2,730 USD) | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center | 2,800 ILS (728 USD) | 800 PAB (800 USD) |
2 BHK Apartment outside City Center | 4,500 ILS (1,170 USD) | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center | 6,500 ILS (1,690 USD) | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month | 3 % | 1.3 % |
Realtor Commission | 2 % | 5 % |
Property Taxes | 0.2 to 0.7 % | 0.6 to 1.0 % |
The average housing cost in Israel is 1.06 times less expensive than Panama.
Indicators | Israel | Panama |
---|---|---|
Basic Home Furnishing | 20,000 ILS (5,200 USD) | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month | 300 ILS (78 USD) | 150 PAB (150 USD) |
Heating Cost Per Month | 250 ILS (65 USD) | 100 PAB (100 USD) |
Cooling Cost Per Month | 200 ILS (52 USD) | 80 PAB (80 USD) |
Water Supply Cost Per Month | 100 ILS (26 USD) | 60 PAB (60 USD) |
If you lived in Israel, instead of Panama, you would have to pay 59.91% more for Utilities.
The basic home furnishing in Israel costs 1.73 times more compared to Panama.
Indicators | Israel | Panama |
---|---|---|
Standard Wifi Cost Per Month | 120 ILS (31.20 USD) | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month | 150 ILS (39 USD) | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month | 50 ILS (13 USD) | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month | 200 ILS (52 USD) | 80 PAB (80 USD) |
The internet and communication costs 41.22% less in Israel compared to Panama.
Indicators | Israel | Panama |
---|---|---|
Long Grain Rice (1 KG) | 10 ILS (2.60 USD) | 2 PAB (2 USD) |
Milk (1 Liter) | 6 ILS (1.56 USD) | 1.50 PAB (1.50 USD) |
Water (1 Liter) | 3 ILS (0.78 USD) | 0.50 PAB (0.50 USD) |
Bread (500 gm) | 4 ILS (1.04 USD) | 1 PAB (1 USD) |
Eggs (1 Dozen) | 12 ILS (3.12 USD) | 3 PAB (3 USD) |
Cheese (1 KG) | 30 ILS (7.80 USD) | 5 PAB (5 USD) |
Chicken Breast (1 KG) | 25 ILS (6.50 USD) | 7 PAB (7 USD) |
In Israel, the cost of 1 Liter Water and 1 Liter Milk is 1.17 times more expensive than the cost in Panama.
If you lived in Israel, instead of Panama, you would have to pay 17.00% more for Groceries.
Indicators | Israel | Panama |
---|---|---|
Apples (1 KG) | 10 ILS (2.60 USD) | 3 PAB (3 USD) |
Bananas (1 KG) | 8 ILS (2.08 USD) | 1.50 PAB (1.50 USD) |
Oranges (1 KG) | 12 ILS (3.12 USD) | 2 PAB (2 USD) |
Tomatoes (1 KG) | 8 ILS (2.08 USD) | 2 PAB (2 USD) |
Potatoes (1 KG) | 6 ILS (1.56 USD) | 1 PAB (1 USD) |
Lemons (1 KG) | 12 ILS (3.12 USD) | 2.50 PAB (2.50 USD) |
Onions (1 KG) | 7 ILS (1.82 USD) | 1.50 PAB (1.50 USD) |
Lentils (1 KG) | 12 ILS (3.12 USD) | 2.50 PAB (2.50 USD) |
If you lived in Israel, instead of Panama, you would have to pay 1.22 times more for Fruits and Vegetables.
Indicators | Israel | Panama |
---|---|---|
Meal at a Resonable Restaurant | 50 ILS (13 USD) | 12 PAB (12 USD) |
Three-Course Meal for Two | 180 ILS (46.80 USD) | 30 PAB (30 USD) |
Fast Food Combo Meal | 30 ILS (7.80 USD) | 6 PAB (6 USD) |
Normal Coffee | 15 ILS (3.90 USD) | 2.50 PAB (2.50 USD) |
Soft Drink | 8 ILS (2.08 USD) | 1.50 PAB (1.50 USD) |
Pizza for One | 60 ILS (15.60 USD) | 12 PAB (12 USD) |
Take-Out Delivery Meal | 50 ILS (13 USD) | 10 PAB (10 USD) |
Cigarette Pack of 20 | 30 ILS (7.80 USD) | 6 PAB (6 USD) |
Dining-Out costs 37.48% more in Israel compared to Panama.
Indicators | Israel | Panama |
---|---|---|
Wine Mid-Range Bottle | 80 ILS (20.80 USD) | 15 PAB (15 USD) |
Glass of Wine | 25 ILS (6.50 USD) | 6 PAB (6 USD) |
Domestic Beer Half Liter | 15 ILS (3.90 USD) | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter | 20 ILS (5.20 USD) | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter | 60 ILS (15.60 USD) | 15 PAB (15 USD) |
Branded Alcohol 1 Liter | 100 ILS (26 USD) | 25 PAB (25 USD) |
If you lived in Israel, instead of Panama, you would have to pay 1.16 times more for usual hard drinks.
Indicators | Israel | Panama |
---|---|---|
Monthly Public Transportation Pass | 200 ILS (52 USD) | 50 PAB (50 USD) |
Single Public Transportation Ticket | 6 ILS (1.56 USD) | 1.50 PAB (1.50 USD) |
Single Train Ticket | 35 ILS (9.10 USD) | Yet to Update () |
Domestic Airplane Ticket | 500 ILS (130 USD) | 100 PAB (100 USD) |
Taxi Start Fare | 15 ILS (3.90 USD) | 3 PAB (3 USD) |
Taxi Rate Per Kilometer | 5 ILS (1.30 USD) | 1.50 PAB (1.50 USD) |
Car Rental Per Day | 200 ILS (52 USD) | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour | 20 ILS (5.20 USD) | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour | 10 ILS (2.60 USD) | 1 PAB (1 USD) |
If you lived in Israel, instead of Panama, you would have to pay 1.36 times more for transportation.
Indicators | Israel | Panama |
---|---|---|
Reasonable Vehicle Purchase Cost | 80,000 ILS (20,800 USD) | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost | 500 ILS (130 USD) | 80 PAB (80 USD) |
Driving License Fees | 150 ILS (39 USD) | 50 PAB (50 USD) |
Car Insurance Cost | 2,000 ILS (520 USD) | 400 PAB (400 USD) |
Car Maintenance Cost | 500 ILS (130 USD) | 150 PAB (150 USD) |
Car Loan Interest Rates | 5 % | 6 % |
Fuel Per Liter | 7 ILS (1.82 USD) | 1.20 PAB (1.20 USD) |
Fuel Per Gallon | 30 ILS (7.80 USD) | 4.50 PAB (4.50 USD) |
Average Toll Fees | Yet to Update | 5 PAB 5 USD |
You would have to pay 1.38 times more for Vehicle purchase, daily operation and maintenance in Israel compared to that of Panama.
Indicators | Israel | Panama |
---|---|---|
Doctor Visit | 200 ILS (52 USD) | 50 PAB (50 USD) |
Specialist Visit | 300 ILS (78 USD) | 100 PAB (100 USD) |
Dentist Visit | 250 ILS (65 USD) | 70 PAB (70 USD) |
Eye Exam | 150 ILS (39 USD) | 50 PAB (50 USD) |
Mental Health Counseling | 250 ILS (65 USD) | 100 PAB (100 USD) |
Preventive Health Screening | 100 ILS (26 USD) | 50 PAB (50 USD) |
Physical Therapy | 200 ILS (52 USD) | 75 PAB (75 USD) |
Emergency Room Visit | 500 ILS (130 USD) | 300 PAB (300 USD) |
Hospital Stay Per Night | 1,000 ILS (260 USD) | 150 PAB (150 USD) |
Vaccinations | 50 ILS (13 USD) | 30 PAB (30 USD) |
Prescription Medication | 60 ILS (15.60 USD) | 20 PAB (20 USD) |
Over the Counter Medication | 30 ILS (7.80 USD) | 10 PAB (10 USD) |
Health Insurance Premiums | 2,000 ILS (520 USD) | 150 PAB (150 USD) |
Health Insurance Deductibles | 500 ILS (130 USD) | 75 PAB (75 USD) |
If you lived in Israel, instead of Panama, you would have to pay 1.18 times more for Health and Medical Treatment.
Indicators | Israel | Panama |
---|---|---|
Cosmetic Procedures | 1,000 ILS (260 USD) | 200 PAB (200 USD) |
Spa Treatment | 250 ILS (65 USD) | 75 PAB (75 USD) |
Manicure Pedicure Cost | 80 ILS (20.80 USD) | 30 PAB (30 USD) |
Optical Glasses Cost | 200 ILS (52 USD) | 80 PAB (80 USD) |
Contact Lenses Cost | 300 ILS (78 USD) | 40 PAB (40 USD) |
Haircuts | 80 ILS (20.80 USD) | 15 PAB (15 USD) |
Hair Coloring | 150 ILS (39 USD) | 40 PAB (40 USD) |
Shampoo Price | 15 ILS (3.90 USD) | 5 PAB (5 USD) |
Toothpaste Price | 10 ILS (2.60 USD) | 2 PAB (2 USD) |
If you lived in Israel, instead of Panama, you would have to pay 1.11 times more for Personal Care Items and Treatment.
Indicators | Israel | Panama |
---|---|---|
Pair of Nike Running Shoes | 500 ILS (130 USD) | 80 PAB (80 USD) |
Men's Shirt | 200 ILS (52 USD) | 25 PAB (25 USD) |
Women's Dress | 300 ILS (78 USD) | 40 PAB (40 USD) |
Summer Dress | 120 ILS (31.20 USD) | 30 PAB (30 USD) |
Men's Suit | 1,500 ILS (390 USD) | 100 PAB (100 USD) |
Men's Jeans | 300 ILS (78 USD) | 40 PAB (40 USD) |
Women's Jeans | 200 ILS (52 USD) | 30 PAB (30 USD) |
Men's Formal Shoes | 250 ILS (65 USD) | 80 PAB (80 USD) |
Women's Formal Shoes | 200 ILS (52 USD) | 80 PAB (80 USD) |
Men's Casual Shoes | 200 ILS (52 USD) | 50 PAB (50 USD) |
Women's Casual Shoes | 150 ILS (39 USD) | 50 PAB (50 USD) |
Underwear For Men | 30 ILS (7.80 USD) | 8 PAB (8 USD) |
Underwear For Women | 30 ILS (7.80 USD) | 12 PAB (12 USD) |
Socks For Men | 10 ILS (2.60 USD) | 3 PAB (3 USD) |
Socks For Women | 10 ILS (2.60 USD) | 3 PAB (3 USD) |
Wintercoat for Adults | 400 ILS (104 USD) | 80 PAB (80 USD) |
Sportswear | 150 ILS (39 USD) | 40 PAB (40 USD) |
If you lived in Israel, instead of Panama, you would have to pay 1.58 times more for Clothing and Footwear for Adults.
Indicators | Israel | Panama |
---|---|---|
Children's Jeans | 80 ILS (20.80 USD) | 20 PAB (20 USD) |
Children's Normal Sneakers | 120 ILS (31.20 USD) | 30 PAB (30 USD) |
Children's Winter Coat | 200 ILS (52 USD) | 40 PAB (40 USD) |
Daycare for Infant | 1,000 ILS (260 USD) | 200 PAB (200 USD) |
Daycare for Toddler | 800 ILS (208 USD) | 150 PAB (150 USD) |
Childcare for Sick Days | 200 ILS (52 USD) | 30 PAB (30 USD) |
Early Childhood Education Programs | 800 ILS (208 USD) | 150 PAB (150 USD) |
Extra Curricular Activities | 100 ILS (26 USD) | 100 PAB (100 USD) |
Summer Camp for Kids | 500 ILS (130 USD) | 150 PAB (150 USD) |
If you lived in Israel, instead of Panama, you would have to pay 1.14 times more for Childcare and kids clothing.
Indicators | Israel | Panama |
---|---|---|
PreSchool Fees | 600 ILS (156 USD) | 250 PAB (250 USD) |
Primary School Fees | 3,000 ILS (780 USD) | 400 PAB (400 USD) |
Secondary School Fees | 4,000 ILS (1,040 USD) | 600 PAB (600 USD) |
Private School Fees | 6,000 ILS (1,560 USD) | 1,000 PAB (1,000 USD) |
University Tuition Fees | 20,000 ILS (5,200 USD) | 2,500 PAB (2,500 USD) |
University Private Tuition Fees | 30,000 ILS (7,800 USD) | 3,500 PAB (3,500 USD) |
After School Activities | 500 ILS (130 USD) | 75 PAB (75 USD) |
Special Education Services | 600 ILS (156 USD) | 200 PAB (200 USD) |
Tutoring | 200 ILS (52 USD) | 30 PAB (30 USD) |
Textbooks Cost | 100 ILS (26 USD) | 50 PAB (50 USD) |
School Supplies | 50 ILS (13 USD) | 30 PAB (30 USD) |
If you lived in Israel, instead of Panama, you would have to pay 1.96 times more for school and education.
Indicators | Israel | Panama |
---|---|---|
Movie Ticket (Single) | 40 ILS (10.40 USD) | 8 PAB (8 USD) |
Theater Ticket (Single) | 100 ILS (26 USD) | 15 PAB (15 USD) |
Concert Ticket (Single) | 150 ILS (39 USD) | 25 PAB (25 USD) |
Sports Event Ticket (Single) | 100 ILS (26 USD) | 15 PAB (15 USD) |
Gym Membership | 150 ILS (39 USD) | 40 PAB (40 USD) |
Swimming Pool Access | 50 ILS (13 USD) | 25 PAB (25 USD) |
Museum Entry Ticket | 30 ILS (7.80 USD) | 8 PAB (8 USD) |
Zoo Entry Ticket | 40 ILS (10.40 USD) | 12 PAB (12 USD) |
Amusement Park Entry Ticket | 80 ILS (20.80 USD) | 20 PAB (20 USD) |
Bowling | 30 ILS (7.80 USD) | 15 PAB (15 USD) |
Mini Golf | 40 ILS (10.40 USD) | 12 PAB (12 USD) |
Video Games | 100 ILS (26 USD) | 40 PAB (40 USD) |
Streaming Services | 40 ILS (10.40 USD) | 12 PAB (12 USD) |
Outdoor Equipment Rental | 30 ILS (7.80 USD) | 15 PAB (15 USD) |
Theme Park Annual Pass | 500 ILS (130 USD) | 500 PAB (500 USD) |
If you lived in Israel, instead of Panama, you would have to pay 1.98 times less for entertainment, recreation and fun activities.
Indicators | Israel | Panama |
---|---|---|
Language Classes | 300 ILS (78 USD) | 150 PAB (150 USD) |
Parenting Classes | 300 ILS (78 USD) | 150 PAB (150 USD) |
Art Classes | 100 ILS (26 USD) | 25 PAB (25 USD) |
Fitness Classes | 50 ILS (13 USD) | 25 PAB (25 USD) |
Music Lessons | 150 ILS (39 USD) | 30 PAB (30 USD) |
Dance Lessons | 120 ILS (31.20 USD) | 30 PAB (30 USD) |
Reading Materials for Classes | 20 ILS (5.20 USD) | 8 PAB (8 USD) |
Educational Software | 200 ILS (52 USD) | 150 PAB (150 USD) |
If you lived in Israel, instead of Panama, you would have to pay 1.76 times less for Private Classes.
Indicators | Israel | Panama |
---|---|---|
Average Gross Monthly Salary | 20,000 ILS (5,200 USD) | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary | 15,000 ILS (3,900 USD) | 1,200 PAB (1,200 USD) |
Minimum Wages | 200 ILS per hour (52 USD) | 20 PAB per hour (20 USD) |
Average Bonus | 4,000 ILS (1,040 USD) | 150 PAB (150 USD) |
Income Tax Rate | 0 to 17 % | 0 to 7 % |
Social Security Contributions | 6 % | 9 % |
Pension Contributions | 6 % | 10 % |
Cost of Living Index | 70 | 50 |
Median Household Income | 15,000 ILS (3,900 USD) | 1,200 PAB (1,200 USD) |
If you lived in Israel, you would earn 3.46 times more salary as compared to Panama.
Indicators | Israel | Panama |
---|---|---|
Legal Consultation Per Hour Rate | 500 ILS (130 USD) | 100 PAB (100 USD) |
Accounting Services Per Hour Rate | 300 ILS (78 USD) | 80 PAB (80 USD) |
IT Support Services Per Hour Rate | 400 ILS (104 USD) | 80 PAB (80 USD) |
Technician Services Per Hour Rate | 350 ILS (91 USD) | 60 PAB (60 USD) |
Professional Services cost 1.26 times more in Israel, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between Israel and Panama.
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