Published: Monday, 21th October 2024
The cost of living in Panama is 4.35 times more expensive as compared to Argentina.
On this page, you will find side-by-side cost comparison between Panama and Argentina. 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 Panama and Argentina.
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 | Panama | Argentina |
---|---|---|
1 BHK Apartment in City Center | 1,200 PAB (1,200 USD) | 75,000 ARS (210 USD) |
2 BHK Apartment in City Center | 2,000 PAB (2,000 USD) | 100,000 ARS (280 USD) |
3 BHK Apartment in City Center | 3,000 PAB (3,000 USD) | 150,000 ARS (420 USD) |
1 BHK Apartment outside City Center | 800 PAB (800 USD) | 50,000 ARS (140 USD) |
2 BHK Apartment outside City Center | 1,200 PAB (1,200 USD) | 70,000 ARS (196 USD) |
3 BHK Apartment outside City Center | 1,800 PAB (1,800 USD) | 100,000 ARS (280 USD) |
Mortgage Rates Per Month | 1.3 % | 3.5 % |
Realtor Commission | 5 % | 3 % |
Property Taxes | 0.6 to 1.0 % | 1.2 to 2.25 % |
The average housing cost in Panama is 6.58 times more expensive than Argentina.
Indicators | Panama | Argentina |
---|---|---|
Basic Home Furnishing | 3,000 PAB (3,000 USD) | 20,000 ARS (56 USD) |
Electricity Cost Per Month | 150 PAB (150 USD) | 2,000 ARS (5.60 USD) |
Heating Cost Per Month | 100 PAB (100 USD) | 1,500 ARS (4.20 USD) |
Cooling Cost Per Month | 80 PAB (80 USD) | 2,000 ARS (5.60 USD) |
Water Supply Cost Per Month | 60 PAB (60 USD) | 500 ARS (1.40 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 4556.59% more for Utilities.
The basic home furnishing in Panama costs 53.57 times more compared to Argentina.
Indicators | Panama | Argentina |
---|---|---|
Standard Wifi Cost Per Month | 70 PAB (70 USD) | 2,500 ARS (7 USD) |
Mobile Phone Basic Plan Cost Per Month | 50 PAB (50 USD) | 1,000 ARS (2.80 USD) |
Landline Basic Plan Cost Per Month | 30 PAB (30 USD) | 800 ARS (2.24 USD) |
Cable TV Basic Plan Cost Per Month | 80 PAB (80 USD) | 1,500 ARS (4.20 USD) |
The internet and communication costs 1316.26% more in Panama compared to Argentina.
Indicators | Panama | Argentina |
---|---|---|
Long Grain Rice (1 KG) | 2 PAB (2 USD) | 250 ARS (0.70 USD) |
Milk (1 Liter) | 1.50 PAB (1.50 USD) | 200 ARS (0.56 USD) |
Water (1 Liter) | 0.50 PAB (0.50 USD) | 50 ARS (0.14 USD) |
Bread (500 gm) | 1 PAB (1 USD) | 150 ARS (0.42 USD) |
Eggs (1 Dozen) | 3 PAB (3 USD) | 300 ARS (0.84 USD) |
Cheese (1 KG) | 5 PAB (5 USD) | 1,200 ARS (3.36 USD) |
Chicken Breast (1 KG) | 7 PAB (7 USD) | 800 ARS (2.24 USD) |
In Panama, the cost of 1 Liter Water and 1 Liter Milk is 2.86 times more expensive than the cost in Argentina.
If you lived in Panama, instead of Argentina, you would have to pay 142.13% more for Groceries.
Indicators | Panama | Argentina |
---|---|---|
Apples (1 KG) | 3 PAB (3 USD) | 250 ARS (0.70 USD) |
Bananas (1 KG) | 1.50 PAB (1.50 USD) | 200 ARS (0.56 USD) |
Oranges (1 KG) | 2 PAB (2 USD) | 180 ARS (0.50 USD) |
Tomatoes (1 KG) | 2 PAB (2 USD) | 300 ARS (0.84 USD) |
Potatoes (1 KG) | 1 PAB (1 USD) | 100 ARS (0.28 USD) |
Lemons (1 KG) | 2.50 PAB (2.50 USD) | 120 ARS (0.34 USD) |
Onions (1 KG) | 1.50 PAB (1.50 USD) | 80 ARS (0.22 USD) |
Lentils (1 KG) | 2.50 PAB (2.50 USD) | 220 ARS (0.62 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 3.94 times more for Fruits and Vegetables.
Indicators | Panama | Argentina |
---|---|---|
Meal at a Resonable Restaurant | 12 PAB (12 USD) | 1,200 ARS (3.36 USD) |
Three-Course Meal for Two | 30 PAB (30 USD) | 3,000 ARS (8.40 USD) |
Fast Food Combo Meal | 6 PAB (6 USD) | 800 ARS (2.24 USD) |
Normal Coffee | 2.50 PAB (2.50 USD) | 150 ARS (0.42 USD) |
Soft Drink | 1.50 PAB (1.50 USD) | 80 ARS (0.22 USD) |
Pizza for One | 12 PAB (12 USD) | 600 ARS (1.68 USD) |
Take-Out Delivery Meal | 10 PAB (10 USD) | 700 ARS (1.96 USD) |
Cigarette Pack of 20 | 6 PAB (6 USD) | 300 ARS (0.84 USD) |
Dining-Out costs 318.32% more in Panama compared to Argentina.
Indicators | Panama | Argentina |
---|---|---|
Wine Mid-Range Bottle | 15 PAB (15 USD) | 400 ARS (1.12 USD) |
Glass of Wine | 6 PAB (6 USD) | 200 ARS (0.56 USD) |
Domestic Beer Half Liter | 2.50 PAB (2.50 USD) | 100 ARS (0.28 USD) |
Imported Beer Half Liter | 4 PAB (4 USD) | 200 ARS (0.56 USD) |
Domestic Alcohol 1 Liter | 15 PAB (15 USD) | 500 ARS (1.40 USD) |
Branded Alcohol 1 Liter | 25 PAB (25 USD) | 700 ARS (1.96 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 11.48 times more for usual hard drinks.
Indicators | Panama | Argentina |
---|---|---|
Monthly Public Transportation Pass | 50 PAB (50 USD) | 3,000 ARS (8.40 USD) |
Single Public Transportation Ticket | 1.50 PAB (1.50 USD) | 80 ARS (0.22 USD) |
Single Train Ticket | Yet to Update () | 1,500 ARS (4.20 USD) |
Domestic Airplane Ticket | 100 PAB (100 USD) | 20,000 ARS (56 USD) |
Taxi Start Fare | 3 PAB (3 USD) | 200 ARS (0.56 USD) |
Taxi Rate Per Kilometer | 1.50 PAB (1.50 USD) | 60 ARS (0.17 USD) |
Car Rental Per Day | 30 PAB (30 USD) | 5,000 ARS (14 USD) |
Parking Fees in City Center Per Hour | 2 PAB (2 USD) | 100 ARS (0.28 USD) |
Parking Fees outside City Center Per Hour | 1 PAB (1 USD) | 50 ARS (0.14 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 2.25 times more for transportation.
Indicators | Panama | Argentina |
---|---|---|
Reasonable Vehicle Purchase Cost | 15,000 PAB (15,000 USD) | 2,000,000 ARS (5,600 USD) |
Vehicle Registration Cost | 80 PAB (80 USD) | 2,000 ARS (5.60 USD) |
Driving License Fees | 50 PAB (50 USD) | 3,000 ARS (8.40 USD) |
Car Insurance Cost | 400 PAB (400 USD) | 4,000 ARS (11.20 USD) |
Car Maintenance Cost | 150 PAB (150 USD) | 2,500 ARS (7 USD) |
Car Loan Interest Rates | 6 % | 12 % |
Fuel Per Liter | 1.20 PAB (1.20 USD) | 150 ARS (0.42 USD) |
Fuel Per Gallon | 4.50 PAB (4.50 USD) | 567 ARS (1.59 USD) |
Average Toll Fees | 5 PAB 5 USD | 300 ARS 0.84 USD |
You would have to pay 2.78 times more for Vehicle purchase, daily operation and maintenance in Panama compared to that of Argentina.
Indicators | Panama | Argentina |
---|---|---|
Doctor Visit | 50 PAB (50 USD) | 1,200 ARS (3.36 USD) |
Specialist Visit | 100 PAB (100 USD) | 2,000 ARS (5.60 USD) |
Dentist Visit | 70 PAB (70 USD) | 2,500 ARS (7 USD) |
Eye Exam | 50 PAB (50 USD) | 1,500 ARS (4.20 USD) |
Mental Health Counseling | 100 PAB (100 USD) | 2,000 ARS (5.60 USD) |
Preventive Health Screening | 50 PAB (50 USD) | 1,500 ARS (4.20 USD) |
Physical Therapy | 75 PAB (75 USD) | 1,500 ARS (4.20 USD) |
Emergency Room Visit | 300 PAB (300 USD) | 3,000 ARS (8.40 USD) |
Hospital Stay Per Night | 150 PAB (150 USD) | 5,000 ARS (14 USD) |
Vaccinations | 30 PAB (30 USD) | 1,200 ARS (3.36 USD) |
Prescription Medication | 20 PAB (20 USD) | 500 ARS (1.40 USD) |
Over the Counter Medication | 10 PAB (10 USD) | 200 ARS (0.56 USD) |
Health Insurance Premiums | 150 PAB (150 USD) | 4,000 ARS (11.20 USD) |
Health Insurance Deductibles | 75 PAB (75 USD) | 2,000 ARS (5.60 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 15.63 times more for Health and Medical Treatment.
Indicators | Panama | Argentina |
---|---|---|
Cosmetic Procedures | 200 PAB (200 USD) | 15,000 ARS (42 USD) |
Spa Treatment | 75 PAB (75 USD) | 1,500 ARS (4.20 USD) |
Manicure Pedicure Cost | 30 PAB (30 USD) | 700 ARS (1.96 USD) |
Optical Glasses Cost | 80 PAB (80 USD) | 3,000 ARS (8.40 USD) |
Contact Lenses Cost | 40 PAB (40 USD) | 1,500 ARS (4.20 USD) |
Haircuts | 15 PAB (15 USD) | 500 ARS (1.40 USD) |
Hair Coloring | 40 PAB (40 USD) | 1,000 ARS (2.80 USD) |
Shampoo Price | 5 PAB (5 USD) | 300 ARS (0.84 USD) |
Toothpaste Price | 2 PAB (2 USD) | 200 ARS (0.56 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 7.34 times more for Personal Care Items and Treatment.
Indicators | Panama | Argentina |
---|---|---|
Pair of Nike Running Shoes | 80 PAB (80 USD) | 10,000 ARS (28 USD) |
Men's Shirt | 25 PAB (25 USD) | 2,500 ARS (7 USD) |
Women's Dress | 40 PAB (40 USD) | 3,000 ARS (8.40 USD) |
Summer Dress | 30 PAB (30 USD) | 2,500 ARS (7 USD) |
Men's Suit | 100 PAB (100 USD) | 15,000 ARS (42 USD) |
Men's Jeans | 40 PAB (40 USD) | 5,000 ARS (14 USD) |
Women's Jeans | 30 PAB (30 USD) | 4,000 ARS (11.20 USD) |
Men's Formal Shoes | 80 PAB (80 USD) | 8,000 ARS (22.40 USD) |
Women's Formal Shoes | 80 PAB (80 USD) | 7,000 ARS (19.60 USD) |
Men's Casual Shoes | 50 PAB (50 USD) | 6,000 ARS (16.80 USD) |
Women's Casual Shoes | 50 PAB (50 USD) | 5,000 ARS (14 USD) |
Underwear For Men | 8 PAB (8 USD) | 500 ARS (1.40 USD) |
Underwear For Women | 12 PAB (12 USD) | 600 ARS (1.68 USD) |
Socks For Men | 3 PAB (3 USD) | 200 ARS (0.56 USD) |
Socks For Women | 3 PAB (3 USD) | 200 ARS (0.56 USD) |
Wintercoat for Adults | 80 PAB (80 USD) | 10,000 ARS (28 USD) |
Sportswear | 40 PAB (40 USD) | 4,000 ARS (11.20 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 3.21 times more for Clothing and Footwear for Adults.
Indicators | Panama | Argentina |
---|---|---|
Children's Jeans | 20 PAB (20 USD) | 2,500 ARS (7 USD) |
Children's Normal Sneakers | 30 PAB (30 USD) | 3,000 ARS (8.40 USD) |
Children's Winter Coat | 40 PAB (40 USD) | 4,000 ARS (11.20 USD) |
Daycare for Infant | 200 PAB (200 USD) | 15,000 ARS (42 USD) |
Daycare for Toddler | 150 PAB (150 USD) | 12,000 ARS (33.60 USD) |
Childcare for Sick Days | 30 PAB (30 USD) | 1,000 ARS (2.80 USD) |
Early Childhood Education Programs | 150 PAB (150 USD) | 15,000 ARS (42 USD) |
Extra Curricular Activities | 100 PAB (100 USD) | 3,000 ARS (8.40 USD) |
Summer Camp for Kids | 150 PAB (150 USD) | 20,000 ARS (56 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 4.12 times more for Childcare and kids clothing.
Indicators | Panama | Argentina |
---|---|---|
PreSchool Fees | 250 PAB (250 USD) | 20,000 ARS (56 USD) |
Primary School Fees | 400 PAB (400 USD) | 25,000 ARS (70 USD) |
Secondary School Fees | 600 PAB (600 USD) | 30,000 ARS (84 USD) |
Private School Fees | 1,000 PAB (1,000 USD) | 50,000 ARS (140 USD) |
University Tuition Fees | 2,500 PAB (2,500 USD) | 100,000 ARS (280 USD) |
University Private Tuition Fees | 3,500 PAB (3,500 USD) | 200,000 ARS (560 USD) |
After School Activities | 75 PAB (75 USD) | 5,000 ARS (14 USD) |
Special Education Services | 200 PAB (200 USD) | 20,000 ARS (56 USD) |
Tutoring | 30 PAB (30 USD) | 1,500 ARS (4.20 USD) |
Textbooks Cost | 50 PAB (50 USD) | 1,000 ARS (2.80 USD) |
School Supplies | 30 PAB (30 USD) | 500 ARS (1.40 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 6.81 times more for school and education.
Indicators | Panama | Argentina |
---|---|---|
Movie Ticket (Single) | 8 PAB (8 USD) | 1,000 ARS (2.80 USD) |
Theater Ticket (Single) | 15 PAB (15 USD) | 2,000 ARS (5.60 USD) |
Concert Ticket (Single) | 25 PAB (25 USD) | 3,000 ARS (8.40 USD) |
Sports Event Ticket (Single) | 15 PAB (15 USD) | 1,500 ARS (4.20 USD) |
Gym Membership | 40 PAB (40 USD) | 4,000 ARS (11.20 USD) |
Swimming Pool Access | 25 PAB (25 USD) | 2,000 ARS (5.60 USD) |
Museum Entry Ticket | 8 PAB (8 USD) | 500 ARS (1.40 USD) |
Zoo Entry Ticket | 12 PAB (12 USD) | 700 ARS (1.96 USD) |
Amusement Park Entry Ticket | 20 PAB (20 USD) | 1,000 ARS (2.80 USD) |
Bowling | 15 PAB (15 USD) | 600 ARS (1.68 USD) |
Mini Golf | 12 PAB (12 USD) | 700 ARS (1.96 USD) |
Video Games | 40 PAB (40 USD) | 5,000 ARS (14 USD) |
Streaming Services | 12 PAB (12 USD) | 800 ARS (2.24 USD) |
Outdoor Equipment Rental | 15 PAB (15 USD) | 1,000 ARS (2.80 USD) |
Theme Park Annual Pass | 500 PAB (500 USD) | 10,000 ARS (28 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 8.05 times more for entertainment, recreation and fun activities.
Indicators | Panama | Argentina |
---|---|---|
Language Classes | 150 PAB (150 USD) | 3,000 ARS (8.40 USD) |
Parenting Classes | 150 PAB (150 USD) | 1,200 ARS (3.36 USD) |
Art Classes | 25 PAB (25 USD) | 1,200 ARS (3.36 USD) |
Fitness Classes | 25 PAB (25 USD) | 800 ARS (2.24 USD) |
Music Lessons | 30 PAB (30 USD) | 1,200 ARS (3.36 USD) |
Dance Lessons | 30 PAB (30 USD) | 1,500 ARS (4.20 USD) |
Reading Materials for Classes | 8 PAB (8 USD) | 300 ARS (0.84 USD) |
Educational Software | 150 PAB (150 USD) | 1,000 ARS (2.80 USD) |
If you lived in Panama, instead of Argentina, you would have to pay 19.89 times more for Private Classes.
Indicators | Panama | Argentina |
---|---|---|
Average Gross Monthly Salary | 1,500 PAB (1,500 USD) | 200,000 ARS (560 USD) |
Average Net Monthly Salary | 1,200 PAB (1,200 USD) | 150,000 ARS (420 USD) |
Minimum Wages | 20 PAB per hour (20 USD) | 2,333.33 ARS per hour (6.53 USD) |
Average Bonus | 150 PAB (150 USD) | 20,000 ARS (56 USD) |
Income Tax Rate | 0 to 7 % | 0 to 27 % |
Social Security Contributions | 9 % | 10 % |
Pension Contributions | 10 % | 11 % |
Cost of Living Index | 50 | 12 |
Median Household Income | 1,200 PAB (1,200 USD) | 150,000 ARS (420 USD) |
If you lived in Panama, you would earn 2.78 times more salary as compared to Argentina.
Indicators | Panama | Argentina |
---|---|---|
Legal Consultation Per Hour Rate | 100 PAB (100 USD) | 5,000 ARS (14 USD) |
Accounting Services Per Hour Rate | 80 PAB (80 USD) | 4,000 ARS (11.20 USD) |
IT Support Services Per Hour Rate | 80 PAB (80 USD) | 3,500 ARS (9.80 USD) |
Technician Services Per Hour Rate | 60 PAB (60 USD) | 3,000 ARS (8.40 USD) |
Professional Services cost 7.37 times more in Panama, as compared to Argentina.
We hope you enjoyed the detailed guide on the cost of living comparsion between Panama and Argentina.
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.