Published: Monday, 21th October 2024
The cost of living in Marshall Islands is 1.75 times more expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between Marshall Islands 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 Marshall Islands and Panama.
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![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 1,200 USD | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center ![]() | 2,200 USD | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center ![]() | 3,000 USD | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center ![]() | 800 USD | 800 PAB (800 USD) |
2 BHK Apartment outside City Center ![]() | 1,500 USD | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center ![]() | 2,200 USD | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month ![]() | 1.3 % | 1.3 % |
Realtor Commission ![]() | 2 % | 5 % |
Property Taxes ![]() | Yet to Update | 0.6 to 1.0 % |
The average housing cost in Marshall Islands is 1.07 times more expensive than Panama.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Basic Home Furnishing ![]() | 4,000 USD | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month ![]() | 150 USD | 150 PAB (150 USD) |
Heating Cost Per Month ![]() | 120 USD | 100 PAB (100 USD) |
Cooling Cost Per Month ![]() | 100 USD | 80 PAB (80 USD) |
Water Supply Cost Per Month ![]() | 50 USD | 60 PAB (60 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 30.38% more for Utilities.
The basic home furnishing in Marshall Islands costs 1.33 times more compared to Panama.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 50 USD | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 40 USD | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month ![]() | 20 USD | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 60 USD | 80 PAB (80 USD) |
The internet and communication costs 26.09% less in Marshall Islands compared to Panama.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 3 USD | 2 PAB (2 USD) |
Milk (1 Liter) ![]() | 2 USD | 1.50 PAB (1.50 USD) |
Water (1 Liter) ![]() | 1 USD | 0.50 PAB (0.50 USD) |
Bread (500 gm) ![]() | 1.50 USD | 1 PAB (1 USD) |
Eggs (1 Dozen) ![]() | 4.50 USD | 3 PAB (3 USD) |
Cheese (1 KG) ![]() | 10 USD | 5 PAB (5 USD) |
Chicken Breast (1 KG) ![]() | 12 USD | 7 PAB (7 USD) |
In Marshall Islands, the cost of 1 Liter Water and 1 Liter Milk is 1.50 times more expensive than the cost in Panama.
If you lived in Marshall Islands, instead of Panama, you would have to pay 70.00% more for Groceries.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Apples (1 KG) ![]() | 4 USD | 3 PAB (3 USD) |
Bananas (1 KG) ![]() | 3 USD | 1.50 PAB (1.50 USD) |
Oranges (1 KG) ![]() | 3.50 USD | 2 PAB (2 USD) |
Tomatoes (1 KG) ![]() | 3 USD | 2 PAB (2 USD) |
Potatoes (1 KG) ![]() | 2.50 USD | 1 PAB (1 USD) |
Lemons (1 KG) ![]() | 4 USD | 2.50 PAB (2.50 USD) |
Onions (1 KG) ![]() | 2.50 USD | 1.50 PAB (1.50 USD) |
Lentils (1 KG) ![]() | 3 USD | 2.50 PAB (2.50 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 1.59 times more for Fruits and Vegetables.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 20 USD | 12 PAB (12 USD) |
Three-Course Meal for Two ![]() | 60 USD | 30 PAB (30 USD) |
Fast Food Combo Meal ![]() | 8 USD | 6 PAB (6 USD) |
Normal Coffee ![]() | 3 USD | 2.50 PAB (2.50 USD) |
Soft Drink ![]() | 2 USD | 1.50 PAB (1.50 USD) |
Pizza for One ![]() | 15 USD | 12 PAB (12 USD) |
Take-Out Delivery Meal ![]() | 15 USD | 10 PAB (10 USD) |
Cigarette Pack of 20 ![]() | 8 USD | 6 PAB (6 USD) |
Dining-Out costs 63.75% more in Marshall Islands compared to Panama.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 20 USD | 15 PAB (15 USD) |
Glass of Wine ![]() | 6 USD | 6 PAB (6 USD) |
Domestic Beer Half Liter ![]() | 3 USD | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter ![]() | 5 USD | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter ![]() | 20 USD | 15 PAB (15 USD) |
Branded Alcohol 1 Liter ![]() | 35 USD | 25 PAB (25 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 1.32 times more for usual hard drinks.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 40 USD | 50 PAB (50 USD) |
Single Public Transportation Ticket ![]() | 2 USD | 1.50 PAB (1.50 USD) |
Single Train Ticket ![]() | Yet to Update | Yet to Update () |
Domestic Airplane Ticket ![]() | 200 USD | 100 PAB (100 USD) |
Taxi Start Fare ![]() | 7 USD | 3 PAB (3 USD) |
Taxi Rate Per Kilometer ![]() | 2.50 USD | 1.50 PAB (1.50 USD) |
Car Rental Per Day ![]() | 40 USD | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour ![]() | 3 USD | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour ![]() | 1.50 USD | 1 PAB (1 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 1.57 times more for transportation.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 25,000 USD | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost ![]() | 150 USD | 80 PAB (80 USD) |
Driving License Fees ![]() | 70 USD | 50 PAB (50 USD) |
Car Insurance Cost ![]() | 400 USD | 400 PAB (400 USD) |
Car Maintenance Cost ![]() | 250 USD | 150 PAB (150 USD) |
Car Loan Interest Rates ![]() | 6 % | 6 % |
Fuel Per Liter ![]() | 1.80 USD | 1.20 PAB (1.20 USD) |
Fuel Per Gallon ![]() | 7 USD | 4.50 PAB (4.50 USD) |
Average Toll Fees ![]() | Yet to Update | 5 PAB 5 USD |
You would have to pay 1.65 times more for Vehicle purchase, daily operation and maintenance in Marshall Islands compared to that of Panama.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Doctor Visit ![]() | 60 USD | 50 PAB (50 USD) |
Specialist Visit ![]() | 90 USD | 100 PAB (100 USD) |
Dentist Visit ![]() | 70 USD | 70 PAB (70 USD) |
Eye Exam ![]() | 50 USD | 50 PAB (50 USD) |
Mental Health Counseling ![]() | 90 USD | 100 PAB (100 USD) |
Preventive Health Screening ![]() | 70 USD | 50 PAB (50 USD) |
Physical Therapy ![]() | 80 USD | 75 PAB (75 USD) |
Emergency Room Visit ![]() | 200 USD | 300 PAB (300 USD) |
Hospital Stay Per Night ![]() | 300 USD | 150 PAB (150 USD) |
Vaccinations ![]() | 50 USD | 30 PAB (30 USD) |
Prescription Medication ![]() | 20 USD | 20 PAB (20 USD) |
Over the Counter Medication ![]() | 10 USD | 10 PAB (10 USD) |
Health Insurance Premiums ![]() | 150 USD | 150 PAB (150 USD) |
Health Insurance Deductibles ![]() | 50 USD | 75 PAB (75 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 1.05 times more for Health and Medical Treatment.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Cosmetic Procedures ![]() | 300 USD | 200 PAB (200 USD) |
Spa Treatment ![]() | 80 USD | 75 PAB (75 USD) |
Manicure Pedicure Cost ![]() | 30 USD | 30 PAB (30 USD) |
Optical Glasses Cost ![]() | 120 USD | 80 PAB (80 USD) |
Contact Lenses Cost ![]() | 50 USD | 40 PAB (40 USD) |
Haircuts ![]() | 20 USD | 15 PAB (15 USD) |
Hair Coloring ![]() | 60 USD | 40 PAB (40 USD) |
Shampoo Price ![]() | 5 USD | 5 PAB (5 USD) |
Toothpaste Price ![]() | 3 USD | 2 PAB (2 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 1.37 times more for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 100 USD | 80 PAB (80 USD) |
Men's Shirt ![]() | 35 USD | 25 PAB (25 USD) |
Women's Dress ![]() | 70 USD | 40 PAB (40 USD) |
Summer Dress ![]() | 50 USD | 30 PAB (30 USD) |
Men's Suit ![]() | 200 USD | 100 PAB (100 USD) |
Men's Jeans ![]() | 60 USD | 40 PAB (40 USD) |
Women's Jeans ![]() | 60 USD | 30 PAB (30 USD) |
Men's Formal Shoes ![]() | 100 USD | 80 PAB (80 USD) |
Women's Formal Shoes ![]() | 100 USD | 80 PAB (80 USD) |
Men's Casual Shoes ![]() | 70 USD | 50 PAB (50 USD) |
Women's Casual Shoes ![]() | 70 USD | 50 PAB (50 USD) |
Underwear For Men ![]() | 12 USD | 8 PAB (8 USD) |
Underwear For Women ![]() | 15 USD | 12 PAB (12 USD) |
Socks For Men ![]() | 5 USD | 3 PAB (3 USD) |
Socks For Women ![]() | 5 USD | 3 PAB (3 USD) |
Wintercoat for Adults ![]() | 120 USD | 80 PAB (80 USD) |
Sportswear ![]() | 60 USD | 40 PAB (40 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 1.51 times more for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Children's Jeans ![]() | 35 USD | 20 PAB (20 USD) |
Children's Normal Sneakers ![]() | 50 USD | 30 PAB (30 USD) |
Children's Winter Coat ![]() | 70 USD | 40 PAB (40 USD) |
Daycare for Infant ![]() | 500 USD | 200 PAB (200 USD) |
Daycare for Toddler ![]() | 450 USD | 150 PAB (150 USD) |
Childcare for Sick Days ![]() | 100 USD | 30 PAB (30 USD) |
Early Childhood Education Programs ![]() | 200 USD | 150 PAB (150 USD) |
Extra Curricular Activities ![]() | 250 USD | 100 PAB (100 USD) |
Summer Camp for Kids ![]() | 500 USD | 150 PAB (150 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 2.48 times more for Childcare and kids clothing.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
PreSchool Fees ![]() | 600 USD | 250 PAB (250 USD) |
Primary School Fees ![]() | 1,200 USD | 400 PAB (400 USD) |
Secondary School Fees ![]() | 1,800 USD | 600 PAB (600 USD) |
Private School Fees ![]() | 2,500 USD | 1,000 PAB (1,000 USD) |
University Tuition Fees ![]() | 8,000 USD | 2,500 PAB (2,500 USD) |
University Private Tuition Fees ![]() | 12,000 USD | 3,500 PAB (3,500 USD) |
After School Activities ![]() | 300 USD | 75 PAB (75 USD) |
Special Education Services ![]() | 250 USD | 200 PAB (200 USD) |
Tutoring ![]() | 100 USD | 30 PAB (30 USD) |
Textbooks Cost ![]() | 60 USD | 50 PAB (50 USD) |
School Supplies ![]() | 40 USD | 30 PAB (30 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 3.11 times more for school and education.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 10 USD | 8 PAB (8 USD) |
Theater Ticket (Single) ![]() | 20 USD | 15 PAB (15 USD) |
Concert Ticket (Single) ![]() | 40 USD | 25 PAB (25 USD) |
Sports Event Ticket (Single) ![]() | 50 USD | 15 PAB (15 USD) |
Gym Membership ![]() | 50 USD | 40 PAB (40 USD) |
Swimming Pool Access ![]() | 30 USD | 25 PAB (25 USD) |
Museum Entry Ticket ![]() | 10 USD | 8 PAB (8 USD) |
Zoo Entry Ticket ![]() | 15 USD | 12 PAB (12 USD) |
Amusement Park Entry Ticket ![]() | 25 USD | 20 PAB (20 USD) |
Bowling ![]() | 15 USD | 15 PAB (15 USD) |
Mini Golf ![]() | 10 USD | 12 PAB (12 USD) |
Video Games ![]() | 60 USD | 40 PAB (40 USD) |
Streaming Services ![]() | 15 USD | 12 PAB (12 USD) |
Outdoor Equipment Rental ![]() | 30 USD | 15 PAB (15 USD) |
Theme Park Annual Pass ![]() | 300 USD | 500 PAB (500 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 1.12 times less for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Language Classes ![]() | 150 USD | 150 PAB (150 USD) |
Parenting Classes ![]() | 100 USD | 150 PAB (150 USD) |
Art Classes ![]() | 60 USD | 25 PAB (25 USD) |
Fitness Classes ![]() | 30 USD | 25 PAB (25 USD) |
Music Lessons ![]() | 50 USD | 30 PAB (30 USD) |
Dance Lessons ![]() | 50 USD | 30 PAB (30 USD) |
Reading Materials for Classes ![]() | 15 USD | 8 PAB (8 USD) |
Educational Software ![]() | 100 USD | 150 PAB (150 USD) |
If you lived in Marshall Islands, instead of Panama, you would have to pay 1.02 times less for Private Classes.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 2,500 USD | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary ![]() | 2,000 USD | 1,200 PAB (1,200 USD) |
Minimum Wages ![]() | 40 USD per hour | 20 PAB per hour (20 USD) |
Average Bonus ![]() | 500 USD | 150 PAB (150 USD) |
Income Tax Rate ![]() | 0 % | 0 to 7 % |
Social Security Contributions ![]() | 8 % | 9 % |
Pension Contributions ![]() | 5 % | 10 % |
Cost of Living Index ![]() | 80 | 50 |
Median Household Income ![]() | 1,800 USD | 1,200 PAB (1,200 USD) |
If you lived in Marshall Islands, you would earn 1.68 times more salary as compared to Panama.
![]() Indicators ![]() | ![]() Marshall Islands ![]() | ![]() Panama ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 150 USD | 100 PAB (100 USD) |
Accounting Services Per Hour Rate ![]() | 120 USD | 80 PAB (80 USD) |
IT Support Services Per Hour Rate ![]() | 100 USD | 80 PAB (80 USD) |
Technician Services Per Hour Rate ![]() | 120 USD | 60 PAB (60 USD) |
Professional Services cost 1.53 times more in Marshall Islands, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between Marshall Islands and Panama.
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