Published: Monday, 21th October 2024
The cost of living in North Carolina is 4.32 times more expensive as compared to Panama.
In this page, you will find side-by-side cost comparison between North Carolina and Panama covering various aspects. 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 entity is more expensive to live in between North Carolina and Panama.
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Indicators | North Carolina | Panama |
---|---|---|
1 BHK Apartment in City Center | 1,450 USD | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center | 1,800 USD | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center | 2,200 USD | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center | 1,100 USD | 800 PAB (800 USD) |
2 BHK Apartment outside City Center | 1,400 USD | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center | 1,700 USD | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month | 6.4 % | 1.3 % |
Realtor Commission | 3 % | 5 % |
Property Taxes | 0.82 % | 0.6 to 1.0 % |
The average housing cost in North Carolina is 1.04 times less expensive than Panama.
Indicators | North Carolina | 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 | 100 USD | 100 PAB (100 USD) |
Cooling Cost Per Month | 100 USD | 80 PAB (80 USD) |
Water Supply Cost Per Month | 60 USD | 60 PAB (60 USD) |
If you lived in North Carolina, instead of Panama, you would have to pay 30.09% more for Utilities.
The basic home furnishing in North Carolina costs 1.33 times more compared to Panama.
Indicators | North Carolina | Panama |
---|---|---|
Standard Wifi Cost Per Month | 70 USD | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month | 60 USD | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month | 30 USD | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month | 85 USD | 80 PAB (80 USD) |
The internet and communication costs 6.52% more in North Carolina compared to Panama.
Indicators | North Carolina | Panama |
---|---|---|
Long Grain Rice (1 KG) | 4 USD | 2 PAB (2 USD) |
Milk (1 Liter) | 1.20 USD | 1.50 PAB (1.50 USD) |
Water (1 Liter) | 1.20 USD | 0.50 PAB (0.50 USD) |
Bread (500 gm) | 2.50 USD | 1 PAB (1 USD) |
Eggs (1 Dozen) | 3 USD | 3 PAB (3 USD) |
Cheese (1 KG) | 10 USD | 5 PAB (5 USD) |
Chicken Breast (1 KG) | 9 USD | 7 PAB (7 USD) |
In North Carolina, the cost of 1 Liter Water and 1 Liter Milk is 1.20 times more expensive than the cost in Panama.
If you lived in North Carolina, instead of Panama, you would have to pay 54.50% more for Groceries.
Indicators | North Carolina | Panama |
---|---|---|
Apples (1 KG) | 4 USD | 3 PAB (3 USD) |
Bananas (1 KG) | 1.50 USD | 1.50 PAB (1.50 USD) |
Oranges (1 KG) | 4 USD | 2 PAB (2 USD) |
Tomatoes (1 KG) | 3.50 USD | 2 PAB (2 USD) |
Potatoes (1 KG) | 2.50 USD | 1 PAB (1 USD) |
Lemons (1 KG) | 3 USD | 2.50 PAB (2.50 USD) |
Onions (1 KG) | 2 USD | 1.50 PAB (1.50 USD) |
Lentils (1 KG) | 5 USD | 2.50 PAB (2.50 USD) |
If you lived in North Carolina, instead of Panama, you would have to pay 1.59 times more for Fruits and Vegetables.
Indicators | North Carolina | Panama |
---|---|---|
Meal at a Resonable Restaurant | 15 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 | 4 USD | 2.50 PAB (2.50 USD) |
Soft Drink | 2 USD | 1.50 PAB (1.50 USD) |
Pizza for One | 12 USD | 12 PAB (12 USD) |
Take-Out Delivery Meal | 10 USD | 10 PAB (10 USD) |
Cigarette Pack of 20 | 7 USD | 6 PAB (6 USD) |
Dining-Out costs 47.50% more in North Carolina compared to Panama.
Indicators | North Carolina | Panama |
---|---|---|
Wine Mid-Range Bottle | 15 USD | 15 PAB (15 USD) |
Glass of Wine | 7 USD | 6 PAB (6 USD) |
Domestic Beer Half Liter | 3 USD | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter | 4 USD | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter | 20 USD | 15 PAB (15 USD) |
Branded Alcohol 1 Liter | 40 USD | 25 PAB (25 USD) |
If you lived in North Carolina, instead of Panama, you would have to pay 1.32 times more for usual hard drinks.
Indicators | North Carolina | Panama |
---|---|---|
Monthly Public Transportation Pass | 70 USD | 50 PAB (50 USD) |
Single Public Transportation Ticket | 2.50 USD | 1.50 PAB (1.50 USD) |
Single Train Ticket | 50 USD | Yet to Update |
Domestic Airplane Ticket | 300 USD | 100 PAB (100 USD) |
Taxi Start Fare | 3 USD | 3 PAB (3 USD) |
Taxi Rate Per Kilometer | 1.50 USD | 1.50 PAB (1.50 USD) |
Car Rental Per Day | 50 USD | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour | 2 USD | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour | 1 USD | 1 PAB (1 USD) |
If you lived in North Carolina, instead of Panama, you would have to pay 2.54 times more for transportation.
Indicators | North Carolina | Panama |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000 USD | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost | 36 USD | 80 PAB (80 USD) |
Driving License Fees | 45 USD | 50 PAB (50 USD) |
Car Insurance Cost | 150 USD | 400 PAB (400 USD) |
Car Maintainence Cost | 500 USD | 150 PAB (150 USD) |
Car Loan Interest Rates | 4 % | 6 % |
Fuel Per Liter | 1 USD | 1.20 PAB (1.20 USD) |
Fuel Per Gallon | 3.78 USD | 4.50 PAB (4.50 USD) |
Average Toll Fees | 10 USD | 5 PAB (5 USD) |
You would have to pay 1.96 times more for Vehicle purchase, daily operation and maintainence in North Carolina compared to that of Panama.
Indicators | North Carolina | Panama |
---|---|---|
Doctor Visit | 120 USD | 50 PAB (50 USD) |
Specialist Visit | 200 USD | 100 PAB (100 USD) |
Dentist Visit | 150 USD | 70 PAB (70 USD) |
Eye Exam | 100 USD | 50 PAB (50 USD) |
Mental Health Counseling | 125 USD | 100 PAB (100 USD) |
Preventive Health Screening | 150 USD | 50 PAB (50 USD) |
Physical Therapy | 100 USD | 75 PAB (75 USD) |
Emergency Room Visit | 1,500 USD | 300 PAB (300 USD) |
Hospital Stay Per Night | 2,500 USD | 150 PAB (150 USD) |
Vaccinations | 100 USD | 30 PAB (30 USD) |
Prescription Medication | 40 USD | 20 PAB (20 USD) |
Over the Counter Medication | 10 USD | 10 PAB (10 USD) |
Health Insurance Premiums | 400 USD | 150 PAB (150 USD) |
Health Insurance Deductibles | 1,500 USD | 75 PAB (75 USD) |
If you lived in North Carolina, instead of Panama, you would have to pay 5.69 times more for Health and Medical Treatment.
Indicators | North Carolina | Panama |
---|---|---|
Cosmetic Procedures | 1,300 USD | 200 PAB (200 USD) |
Spa Treatment | 100 USD | 75 PAB (75 USD) |
Manicure Pedicure Cost | 50 USD | 30 PAB (30 USD) |
Optical Glasses Cost | 150 USD | 80 PAB (80 USD) |
Contact Lenses Cost | 30 USD | 40 PAB (40 USD) |
Haircuts | 20 USD | 15 PAB (15 USD) |
Hair Coloring | 80 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 North Carolina, instead of Panama, you would have to pay 3.57 times more for Personal Care Items and Treatment.
Indicators | North Carolina | Panama |
---|---|---|
Pair of Nike Running Shoes | 75 USD | 80 PAB (80 USD) |
Men's Shirt | 30 USD | 25 PAB (25 USD) |
Women's Dress | 50 USD | 40 PAB (40 USD) |
Summer Dress | 30 USD | 30 PAB (30 USD) |
Men's Suit | 200 USD | 100 PAB (100 USD) |
Men's Jeans | 40 USD | 40 PAB (40 USD) |
Women's Jeans | 45 USD | 30 PAB (30 USD) |
Men's Formal Shoes | 80 USD | 80 PAB (80 USD) |
Women's Formal Shoes | 70 USD | 80 PAB (80 USD) |
Men's Casual Shoes | 60 USD | 50 PAB (50 USD) |
Women's Casual Shoes | 55 USD | 50 PAB (50 USD) |
Underwear For Men | 15 USD | 8 PAB (8 USD) |
Underwear For Women | 15 USD | 12 PAB (12 USD) |
Socks For Men | 10 USD | 3 PAB (3 USD) |
Socks For Women | 10 USD | 3 PAB (3 USD) |
Wintercoat for Adults | 80 USD | 80 PAB (80 USD) |
Sportswear | 60 USD | 40 PAB (40 USD) |
If you lived in North Carolina, instead of Panama, you would have to pay 1.23 times more for Clothing and Footwear for Adults.
Indicators | North Carolina | Panama |
---|---|---|
Children's Jeans | 20 USD | 20 PAB (20 USD) |
Children's Normal Sneakers | 30 USD | 30 PAB (30 USD) |
Children's Winter Coat | 40 USD | 40 PAB (40 USD) |
Daycare for Infant | 1,000 USD | 200 PAB (200 USD) |
Daycare for Toddler | 800 USD | 150 PAB (150 USD) |
Childcare for Sick Days | 75 USD | 30 PAB (30 USD) |
Early Childhood Education Programs | 700 USD | 150 PAB (150 USD) |
Extra Curricular Activities | 200 USD | 100 PAB (100 USD) |
Summer Camp for Kids | 500 USD | 150 PAB (150 USD) |
If you lived in North Carolina, instead of Panama, you would have to pay 3.87 times more for Childcare and kids clothing.
Indicators | North Carolina | Panama |
---|---|---|
PreSchool Fees | 600 USD | 250 PAB (250 USD) |
Primary School Fees | 5,000 USD | 400 PAB (400 USD) |
Secondary School Fees | 8,000 USD | 600 PAB (600 USD) |
Private School Fees | 12,000 USD | 1,000 PAB (1,000 USD) |
University Tuition Fees | 8,000 USD | 2,500 PAB (2,500 USD) |
University Private Tuition Fees | 30,000 USD | 3,500 PAB (3,500 USD) |
After School Activities | 300 USD | 75 PAB (75 USD) |
Special Education Services | 1,000 USD | 200 PAB (200 USD) |
Tutoring | 50 USD | 30 PAB (30 USD) |
Textbooks Cost | 50 USD | 50 PAB (50 USD) |
School Supplies | 100 USD | 30 PAB (30 USD) |
If you lived in North Carolina, instead of Panama, you would have to pay 7.54 times more for school and education.
Indicators | North Carolina | Panama |
---|---|---|
Movie Ticket (Single) | 12 USD | 8 PAB (8 USD) |
Theater Ticket (Single) | 70 USD | 15 PAB (15 USD) |
Concert Ticket (Single) | 80 USD | 25 PAB (25 USD) |
Sports Event Ticket (Single) | 60 USD | 15 PAB (15 USD) |
Gym Membership | 40 USD | 40 PAB (40 USD) |
Swimming Pool Access | 20 USD | 25 PAB (25 USD) |
Museum Entry Ticket | 15 USD | 8 PAB (8 USD) |
Zoo Entry Ticket | 20 USD | 12 PAB (12 USD) |
Amusement Park Entry Ticket | 50 USD | 20 PAB (20 USD) |
Bowling | 25 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 | 100 USD | 500 PAB (500 USD) |
If you lived in North Carolina, instead of Panama, you would have to pay 1.26 times less for entertainment, recreation and fun activities.
Indicators | North Carolina | Panama |
---|---|---|
Language Classes | 50 USD | 150 PAB (150 USD) |
Parenting Classes | 50 USD | 150 PAB (150 USD) |
Art Classes | 25 USD | 25 PAB (25 USD) |
Fitness Classes | 20 USD | 25 PAB (25 USD) |
Music Lessons | 30 USD | 30 PAB (30 USD) |
Dance Lessons | 25 USD | 30 PAB (30 USD) |
Reading Materials for Classes | 10 USD | 8 PAB (8 USD) |
Educational Software | 100 USD | 150 PAB (150 USD) |
If you lived in North Carolina, instead of Panama, you would have to pay 1.83 times less for Private Classes.
Indicators | North Carolina | Panama |
---|---|---|
Average Gross Monthly Salary | 5,500 USD | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary | 4,200 USD | 1,200 PAB (1,200 USD) |
Minimum Wages | 10 USD per hour | 20 PAB per hour |
Average Bonus | 5,000 USD | 150 PAB (150 USD) |
Income Tax Rate | 4.5 % | 0 to 7 % |
Social Security Contributions | 7.65 % | 9 % |
Pension Contributions | 4.5 % | 10 % |
If you lived in North Carolina, you would earn 28.64 times more salary as compared to Panama.
Indicators | North Carolina | Panama |
---|---|---|
Legal Consultation Per Hour Rate | 250 USD | 100 PAB (100 USD) |
Accounting Services Per Hour Rate | 150 USD | 80 PAB (80 USD) |
IT Support Services Per Hour Rate | 100 USD | 80 PAB (80 USD) |
Technician Services Per Hour Rate | 75 USD | 60 PAB (60 USD) |
Professional Services cost 1.80 times more in North Carolina, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between North Carolina and Panama.
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