Published: Monday, 21th October 2024
The cost of living in Panama is 1.73 times less expensive as compared to Barbados.
On this page, you will find side-by-side cost comparison between Panama and Barbados. 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 Barbados.
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 | Barbados |
---|---|---|
1 BHK Apartment in City Center | 1,200 PAB (1,200 USD) | 2,500 BBD (1,250 USD) |
2 BHK Apartment in City Center | 2,000 PAB (2,000 USD) | 3,800 BBD (1,900 USD) |
3 BHK Apartment in City Center | 3,000 PAB (3,000 USD) | 5,000 BBD (2,500 USD) |
1 BHK Apartment outside City Center | 800 PAB (800 USD) | 1,800 BBD (900 USD) |
2 BHK Apartment outside City Center | 1,200 PAB (1,200 USD) | 2,700 BBD (1,350 USD) |
3 BHK Apartment outside City Center | 1,800 PAB (1,800 USD) | 3,600 BBD (1,800 USD) |
Mortgage Rates Per Month | 1.3 % | 6.85 % |
Realtor Commission | 5 % | 5 % |
Property Taxes | 0.6 to 1.0 % | 0.1 to 0.75 % |
The average housing cost in Panama is 1.04 times more expensive than Barbados.
Indicators | Panama | Barbados |
---|---|---|
Basic Home Furnishing | 3,000 PAB (3,000 USD) | 4,000 BBD (2,000 USD) |
Electricity Cost Per Month | 150 PAB (150 USD) | 250 BBD (125 USD) |
Heating Cost Per Month | 100 PAB (100 USD) | 150 BBD (75 USD) |
Cooling Cost Per Month | 80 PAB (80 USD) | 100 BBD (50 USD) |
Water Supply Cost Per Month | 60 PAB (60 USD) | 50 BBD (25 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 49.01% more for Utilities.
The basic home furnishing in Panama costs 1.50 times more compared to Barbados.
Indicators | Panama | Barbados |
---|---|---|
Standard Wifi Cost Per Month | 70 PAB (70 USD) | 150 BBD (75 USD) |
Mobile Phone Basic Plan Cost Per Month | 50 PAB (50 USD) | 100 BBD (50 USD) |
Landline Basic Plan Cost Per Month | 30 PAB (30 USD) | 40 BBD (20 USD) |
Cable TV Basic Plan Cost Per Month | 80 PAB (80 USD) | 100 BBD (50 USD) |
The internet and communication costs 17.95% more in Panama compared to Barbados.
Indicators | Panama | Barbados |
---|---|---|
Long Grain Rice (1 KG) | 2 PAB (2 USD) | 6 BBD (3 USD) |
Milk (1 Liter) | 1.50 PAB (1.50 USD) | 4 BBD (2 USD) |
Water (1 Liter) | 0.50 PAB (0.50 USD) | 2 BBD (1 USD) |
Bread (500 gm) | 1 PAB (1 USD) | 5 BBD (2.50 USD) |
Eggs (1 Dozen) | 3 PAB (3 USD) | 8 BBD (4 USD) |
Cheese (1 KG) | 5 PAB (5 USD) | 20 BBD (10 USD) |
Chicken Breast (1 KG) | 7 PAB (7 USD) | 12 BBD (6 USD) |
In Panama, the cost of 1 Liter Water and 1 Liter Milk is 1.50 times less expensive than the cost in Barbados.
If you lived in Panama, instead of Barbados, you would have to pay 29.82% less for Groceries.
Indicators | Panama | Barbados |
---|---|---|
Apples (1 KG) | 3 PAB (3 USD) | 10 BBD (5 USD) |
Bananas (1 KG) | 1.50 PAB (1.50 USD) | 4 BBD (2 USD) |
Oranges (1 KG) | 2 PAB (2 USD) | 8 BBD (4 USD) |
Tomatoes (1 KG) | 2 PAB (2 USD) | 10 BBD (5 USD) |
Potatoes (1 KG) | 1 PAB (1 USD) | 5 BBD (2.50 USD) |
Lemons (1 KG) | 2.50 PAB (2.50 USD) | 6 BBD (3 USD) |
Onions (1 KG) | 1.50 PAB (1.50 USD) | 4 BBD (2 USD) |
Lentils (1 KG) | 2.50 PAB (2.50 USD) | 7 BBD (3.50 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 1.69 times less for Fruits and Vegetables.
Indicators | Panama | Barbados |
---|---|---|
Meal at a Resonable Restaurant | 12 PAB (12 USD) | 30 BBD (15 USD) |
Three-Course Meal for Two | 30 PAB (30 USD) | 150 BBD (75 USD) |
Fast Food Combo Meal | 6 PAB (6 USD) | 12 BBD (6 USD) |
Normal Coffee | 2.50 PAB (2.50 USD) | 5 BBD (2.50 USD) |
Soft Drink | 1.50 PAB (1.50 USD) | 3 BBD (1.50 USD) |
Pizza for One | 12 PAB (12 USD) | 20 BBD (10 USD) |
Take-Out Delivery Meal | 10 PAB (10 USD) | 25 BBD (12.50 USD) |
Cigarette Pack of 20 | 6 PAB (6 USD) | 12 BBD (6 USD) |
Dining-Out costs 37.74% less in Panama compared to Barbados.
Indicators | Panama | Barbados |
---|---|---|
Wine Mid-Range Bottle | 15 PAB (15 USD) | 30 BBD (15 USD) |
Glass of Wine | 6 PAB (6 USD) | 10 BBD (5 USD) |
Domestic Beer Half Liter | 2.50 PAB (2.50 USD) | 4 BBD (2 USD) |
Imported Beer Half Liter | 4 PAB (4 USD) | 6 BBD (3 USD) |
Domestic Alcohol 1 Liter | 15 PAB (15 USD) | 25 BBD (12.50 USD) |
Branded Alcohol 1 Liter | 25 PAB (25 USD) | 40 BBD (20 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 1.17 times more for usual hard drinks.
Indicators | Panama | Barbados |
---|---|---|
Monthly Public Transportation Pass | 50 PAB (50 USD) | 100 BBD (50 USD) |
Single Public Transportation Ticket | 1.50 PAB (1.50 USD) | 2 BBD (1 USD) |
Single Train Ticket | Yet to Update () | 120 BBD (60 USD) |
Domestic Airplane Ticket | 100 PAB (100 USD) | 200 BBD (100 USD) |
Taxi Start Fare | 3 PAB (3 USD) | 10 BBD (5 USD) |
Taxi Rate Per Kilometer | 1.50 PAB (1.50 USD) | 3 BBD (1.50 USD) |
Car Rental Per Day | 30 PAB (30 USD) | 80 BBD (40 USD) |
Parking Fees in City Center Per Hour | 2 PAB (2 USD) | 3 BBD (1.50 USD) |
Parking Fees outside City Center Per Hour | 1 PAB (1 USD) | 1 BBD (0.50 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 1.37 times less for transportation.
Indicators | Panama | Barbados |
---|---|---|
Reasonable Vehicle Purchase Cost | 15,000 PAB (15,000 USD) | 60,000 BBD (30,000 USD) |
Vehicle Registration Cost | 80 PAB (80 USD) | 400 BBD (200 USD) |
Driving License Fees | 50 PAB (50 USD) | 100 BBD (50 USD) |
Car Insurance Cost | 400 PAB (400 USD) | 1,000 BBD (500 USD) |
Car Maintenance Cost | 150 PAB (150 USD) | 300 BBD (150 USD) |
Car Loan Interest Rates | 6 % | 6 % |
Fuel Per Liter | 1.20 PAB (1.20 USD) | 3 BBD (1.50 USD) |
Fuel Per Gallon | 4.50 PAB (4.50 USD) | 11.36 BBD (5.68 USD) |
Average Toll Fees | 5 PAB 5 USD | 2 BBD 1 USD |
You would have to pay 1.97 times less for Vehicle purchase, daily operation and maintenance in Panama compared to that of Barbados.
Indicators | Panama | Barbados |
---|---|---|
Doctor Visit | 50 PAB (50 USD) | 100 BBD (50 USD) |
Specialist Visit | 100 PAB (100 USD) | 200 BBD (100 USD) |
Dentist Visit | 70 PAB (70 USD) | 150 BBD (75 USD) |
Eye Exam | 50 PAB (50 USD) | 80 BBD (40 USD) |
Mental Health Counseling | 100 PAB (100 USD) | 150 BBD (75 USD) |
Preventive Health Screening | 50 PAB (50 USD) | 100 BBD (50 USD) |
Physical Therapy | 75 PAB (75 USD) | 100 BBD (50 USD) |
Emergency Room Visit | 300 PAB (300 USD) | 300 BBD (150 USD) |
Hospital Stay Per Night | 150 PAB (150 USD) | 1,000 BBD (500 USD) |
Vaccinations | 30 PAB (30 USD) | 60 BBD (30 USD) |
Prescription Medication | 20 PAB (20 USD) | 50 BBD (25 USD) |
Over the Counter Medication | 10 PAB (10 USD) | 20 BBD (10 USD) |
Health Insurance Premiums | 150 PAB (150 USD) | 500 BBD (250 USD) |
Health Insurance Deductibles | 75 PAB (75 USD) | 1,000 BBD (500 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 1.55 times less for Health and Medical Treatment.
Indicators | Panama | Barbados |
---|---|---|
Cosmetic Procedures | 200 PAB (200 USD) | 2,000 BBD (1,000 USD) |
Spa Treatment | 75 PAB (75 USD) | 100 BBD (50 USD) |
Manicure Pedicure Cost | 30 PAB (30 USD) | 40 BBD (20 USD) |
Optical Glasses Cost | 80 PAB (80 USD) | 200 BBD (100 USD) |
Contact Lenses Cost | 40 PAB (40 USD) | 100 BBD (50 USD) |
Haircuts | 15 PAB (15 USD) | 30 BBD (15 USD) |
Hair Coloring | 40 PAB (40 USD) | 50 BBD (25 USD) |
Shampoo Price | 5 PAB (5 USD) | 10 BBD (5 USD) |
Toothpaste Price | 2 PAB (2 USD) | 5 BBD (2.50 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 2.60 times less for Personal Care Items and Treatment.
Indicators | Panama | Barbados |
---|---|---|
Pair of Nike Running Shoes | 80 PAB (80 USD) | 120 BBD (60 USD) |
Men's Shirt | 25 PAB (25 USD) | 50 BBD (25 USD) |
Women's Dress | 40 PAB (40 USD) | 80 BBD (40 USD) |
Summer Dress | 30 PAB (30 USD) | 60 BBD (30 USD) |
Men's Suit | 100 PAB (100 USD) | 300 BBD (150 USD) |
Men's Jeans | 40 PAB (40 USD) | 80 BBD (40 USD) |
Women's Jeans | 30 PAB (30 USD) | 60 BBD (30 USD) |
Men's Formal Shoes | 80 PAB (80 USD) | 150 BBD (75 USD) |
Women's Formal Shoes | 80 PAB (80 USD) | 150 BBD (75 USD) |
Men's Casual Shoes | 50 PAB (50 USD) | 100 BBD (50 USD) |
Women's Casual Shoes | 50 PAB (50 USD) | 100 BBD (50 USD) |
Underwear For Men | 8 PAB (8 USD) | 20 BBD (10 USD) |
Underwear For Women | 12 PAB (12 USD) | 20 BBD (10 USD) |
Socks For Men | 3 PAB (3 USD) | 10 BBD (5 USD) |
Socks For Women | 3 PAB (3 USD) | 10 BBD (5 USD) |
Wintercoat for Adults | 80 PAB (80 USD) | 150 BBD (75 USD) |
Sportswear | 40 PAB (40 USD) | 100 BBD (50 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 1.04 times less for Clothing and Footwear for Adults.
Indicators | Panama | Barbados |
---|---|---|
Children's Jeans | 20 PAB (20 USD) | 40 BBD (20 USD) |
Children's Normal Sneakers | 30 PAB (30 USD) | 60 BBD (30 USD) |
Children's Winter Coat | 40 PAB (40 USD) | 80 BBD (40 USD) |
Daycare for Infant | 200 PAB (200 USD) | 500 BBD (250 USD) |
Daycare for Toddler | 150 PAB (150 USD) | 450 BBD (225 USD) |
Childcare for Sick Days | 30 PAB (30 USD) | 80 BBD (40 USD) |
Early Childhood Education Programs | 150 PAB (150 USD) | 400 BBD (200 USD) |
Extra Curricular Activities | 100 PAB (100 USD) | 60 BBD (30 USD) |
Summer Camp for Kids | 150 PAB (150 USD) | 500 BBD (250 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 1.25 times less for Childcare and kids clothing.
Indicators | Panama | Barbados |
---|---|---|
PreSchool Fees | 250 PAB (250 USD) | 400 BBD (200 USD) |
Primary School Fees | 400 PAB (400 USD) | 600 BBD (300 USD) |
Secondary School Fees | 600 PAB (600 USD) | 800 BBD (400 USD) |
Private School Fees | 1,000 PAB (1,000 USD) | 1,200 BBD (600 USD) |
University Tuition Fees | 2,500 PAB (2,500 USD) | 5,000 BBD (2,500 USD) |
University Private Tuition Fees | 3,500 PAB (3,500 USD) | 10,000 BBD (5,000 USD) |
After School Activities | 75 PAB (75 USD) | 100 BBD (50 USD) |
Special Education Services | 200 PAB (200 USD) | 300 BBD (150 USD) |
Tutoring | 30 PAB (30 USD) | 50 BBD (25 USD) |
Textbooks Cost | 50 PAB (50 USD) | 200 BBD (100 USD) |
School Supplies | 30 PAB (30 USD) | 100 BBD (50 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 1.09 times less for school and education.
Indicators | Panama | Barbados |
---|---|---|
Movie Ticket (Single) | 8 PAB (8 USD) | 20 BBD (10 USD) |
Theater Ticket (Single) | 15 PAB (15 USD) | 40 BBD (20 USD) |
Concert Ticket (Single) | 25 PAB (25 USD) | 80 BBD (40 USD) |
Sports Event Ticket (Single) | 15 PAB (15 USD) | 60 BBD (30 USD) |
Gym Membership | 40 PAB (40 USD) | 100 BBD (50 USD) |
Swimming Pool Access | 25 PAB (25 USD) | 50 BBD (25 USD) |
Museum Entry Ticket | 8 PAB (8 USD) | 20 BBD (10 USD) |
Zoo Entry Ticket | 12 PAB (12 USD) | 15 BBD (7.50 USD) |
Amusement Park Entry Ticket | 20 PAB (20 USD) | 30 BBD (15 USD) |
Bowling | 15 PAB (15 USD) | 20 BBD (10 USD) |
Mini Golf | 12 PAB (12 USD) | 25 BBD (12.50 USD) |
Video Games | 40 PAB (40 USD) | 60 BBD (30 USD) |
Streaming Services | 12 PAB (12 USD) | 15 BBD (7.50 USD) |
Outdoor Equipment Rental | 15 PAB (15 USD) | 40 BBD (20 USD) |
Theme Park Annual Pass | 500 PAB (500 USD) | 300 BBD (150 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 1.74 times more for entertainment, recreation and fun activities.
Indicators | Panama | Barbados |
---|---|---|
Language Classes | 150 PAB (150 USD) | 100 BBD (50 USD) |
Parenting Classes | 150 PAB (150 USD) | 50 BBD (25 USD) |
Art Classes | 25 PAB (25 USD) | 30 BBD (15 USD) |
Fitness Classes | 25 PAB (25 USD) | 20 BBD (10 USD) |
Music Lessons | 30 PAB (30 USD) | 30 BBD (15 USD) |
Dance Lessons | 30 PAB (30 USD) | 25 BBD (12.50 USD) |
Reading Materials for Classes | 8 PAB (8 USD) | 20 BBD (10 USD) |
Educational Software | 150 PAB (150 USD) | 50 BBD (25 USD) |
If you lived in Panama, instead of Barbados, you would have to pay 3.50 times more for Private Classes.
Indicators | Panama | Barbados |
---|---|---|
Average Gross Monthly Salary | 1,500 PAB (1,500 USD) | 4,000 BBD (2,000 USD) |
Average Net Monthly Salary | 1,200 PAB (1,200 USD) | 3,000 BBD (1,500 USD) |
Minimum Wages | 20 PAB per hour (20 USD) | 33.33 BBD per hour (16.67 USD) |
Average Bonus | 150 PAB (150 USD) | 1,000 BBD (500 USD) |
Income Tax Rate | 0 to 7 % | 0 to 17.5 % |
Social Security Contributions | 9 % | 8 % |
Pension Contributions | 10 % | 5 % |
Cost of Living Index | 50 | 75 |
Median Household Income | 1,200 PAB (1,200 USD) | 40,000 BBD (20,000 USD) |
If you lived in Panama, you would earn 5.90 times less salary as compared to Barbados.
Indicators | Panama | Barbados |
---|---|---|
Legal Consultation Per Hour Rate | 100 PAB (100 USD) | 200 BBD (100 USD) |
Accounting Services Per Hour Rate | 80 PAB (80 USD) | 100 BBD (50 USD) |
IT Support Services Per Hour Rate | 80 PAB (80 USD) | 80 BBD (40 USD) |
Technician Services Per Hour Rate | 60 PAB (60 USD) | 60 BBD (30 USD) |
Professional Services cost 1.45 times more in Panama, as compared to Barbados.
We hope you enjoyed the detailed guide on the cost of living comparsion between Panama and Barbados.
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.