Published: Monday, 21th October 2024
The cost of living in Panama is 1.07 times less expensive as compared to El Salvador.
On this page, you will find side-by-side cost comparison between Panama and El Salvador. 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 El Salvador.
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Indicators | Panama | El Salvador |
---|---|---|
1 BHK Apartment in City Center | 1,200 PAB (1,200 USD) | 800 USD |
2 BHK Apartment in City Center | 2,000 PAB (2,000 USD) | 1,200 USD |
3 BHK Apartment in City Center | 3,000 PAB (3,000 USD) | 1,600 USD |
1 BHK Apartment outside City Center | 800 PAB (800 USD) | 500 USD |
2 BHK Apartment outside City Center | 1,200 PAB (1,200 USD) | 800 USD |
3 BHK Apartment outside City Center | 1,800 PAB (1,800 USD) | 1,100 USD |
Mortgage Rates Per Month | 1.3 % | 1.5 % |
Realtor Commission | 5 % | 3 % |
Property Taxes | 0.6 to 1.0 % | Yet to Update |
The average housing cost in Panama is 1.67 times more expensive than El Salvador.
Indicators | Panama | El Salvador |
---|---|---|
Basic Home Furnishing | 3,000 PAB (3,000 USD) | 2,500 USD |
Electricity Cost Per Month | 150 PAB (150 USD) | 100 USD |
Heating Cost Per Month | 100 PAB (100 USD) | 50 USD |
Cooling Cost Per Month | 80 PAB (80 USD) | 75 USD |
Water Supply Cost Per Month | 60 PAB (60 USD) | 30 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 23.05% more for Utilities.
The basic home furnishing in Panama costs 1.20 times more compared to El Salvador.
Indicators | Panama | El Salvador |
---|---|---|
Standard Wifi Cost Per Month | 70 PAB (70 USD) | 50 USD |
Mobile Phone Basic Plan Cost Per Month | 50 PAB (50 USD) | 20 USD |
Landline Basic Plan Cost Per Month | 30 PAB (30 USD) | 25 USD |
Cable TV Basic Plan Cost Per Month | 80 PAB (80 USD) | 60 USD |
The internet and communication costs 48.39% more in Panama compared to El Salvador.
Indicators | Panama | El Salvador |
---|---|---|
Long Grain Rice (1 KG) | 2 PAB (2 USD) | 2 USD |
Milk (1 Liter) | 1.50 PAB (1.50 USD) | 1 USD |
Water (1 Liter) | 0.50 PAB (0.50 USD) | 0.50 USD |
Bread (500 gm) | 1 PAB (1 USD) | 1.50 USD |
Eggs (1 Dozen) | 3 PAB (3 USD) | 3 USD |
Cheese (1 KG) | 5 PAB (5 USD) | 7 USD |
Chicken Breast (1 KG) | 7 PAB (7 USD) | 5 USD |
In Panama, the cost of 1 Liter Water and 1 Liter Milk is 1.33 times more expensive than the cost in El Salvador.
If you lived in Panama, instead of El Salvador, you would have to pay 0.00% less for Groceries.
Indicators | Panama | El Salvador |
---|---|---|
Apples (1 KG) | 3 PAB (3 USD) | 4 USD |
Bananas (1 KG) | 1.50 PAB (1.50 USD) | 1 USD |
Oranges (1 KG) | 2 PAB (2 USD) | 2.50 USD |
Tomatoes (1 KG) | 2 PAB (2 USD) | 2 USD |
Potatoes (1 KG) | 1 PAB (1 USD) | 1.50 USD |
Lemons (1 KG) | 2.50 PAB (2.50 USD) | 3 USD |
Onions (1 KG) | 1.50 PAB (1.50 USD) | 1.50 USD |
Lentils (1 KG) | 2.50 PAB (2.50 USD) | 2.50 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 1.13 times less for Fruits and Vegetables.
Indicators | Panama | El Salvador |
---|---|---|
Meal at a Resonable Restaurant | 12 PAB (12 USD) | 6 USD |
Three-Course Meal for Two | 30 PAB (30 USD) | 30 USD |
Fast Food Combo Meal | 6 PAB (6 USD) | 5 USD |
Normal Coffee | 2.50 PAB (2.50 USD) | 2 USD |
Soft Drink | 1.50 PAB (1.50 USD) | 1 USD |
Pizza for One | 12 PAB (12 USD) | 8 USD |
Take-Out Delivery Meal | 10 PAB (10 USD) | 6 USD |
Cigarette Pack of 20 | 6 PAB (6 USD) | 5 USD |
Dining-Out costs 26.98% more in Panama compared to El Salvador.
Indicators | Panama | El Salvador |
---|---|---|
Wine Mid-Range Bottle | 15 PAB (15 USD) | 15 USD |
Glass of Wine | 6 PAB (6 USD) | 5 USD |
Domestic Beer Half Liter | 2.50 PAB (2.50 USD) | 1.50 USD |
Imported Beer Half Liter | 4 PAB (4 USD) | 2.50 USD |
Domestic Alcohol 1 Liter | 15 PAB (15 USD) | 8 USD |
Branded Alcohol 1 Liter | 25 PAB (25 USD) | 12 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 1.53 times more for usual hard drinks.
Indicators | Panama | El Salvador |
---|---|---|
Monthly Public Transportation Pass | 50 PAB (50 USD) | 25 USD |
Single Public Transportation Ticket | 1.50 PAB (1.50 USD) | 0.75 USD |
Single Train Ticket | Yet to Update () | Yet to Update |
Domestic Airplane Ticket | 100 PAB (100 USD) | 100 USD |
Taxi Start Fare | 3 PAB (3 USD) | 3 USD |
Taxi Rate Per Kilometer | 1.50 PAB (1.50 USD) | 1 USD |
Car Rental Per Day | 30 PAB (30 USD) | 40 USD |
Parking Fees in City Center Per Hour | 2 PAB (2 USD) | 2 USD |
Parking Fees outside City Center Per Hour | 1 PAB (1 USD) | 1 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 1.09 times more for transportation.
Indicators | Panama | El Salvador |
---|---|---|
Reasonable Vehicle Purchase Cost | 15,000 PAB (15,000 USD) | 20,000 USD |
Vehicle Registration Cost | 80 PAB (80 USD) | 100 USD |
Driving License Fees | 50 PAB (50 USD) | 50 USD |
Car Insurance Cost | 400 PAB (400 USD) | 300 USD |
Car Maintenance Cost | 150 PAB (150 USD) | 100 USD |
Car Loan Interest Rates | 6 % | 8 % |
Fuel Per Liter | 1.20 PAB (1.20 USD) | 1 USD |
Fuel Per Gallon | 4.50 PAB (4.50 USD) | 3.80 USD |
Average Toll Fees | 5 PAB 5 USD | 3 USD |
You would have to pay 1.31 times less for Vehicle purchase, daily operation and maintenance in Panama compared to that of El Salvador.
Indicators | Panama | El Salvador |
---|---|---|
Doctor Visit | 50 PAB (50 USD) | 30 USD |
Specialist Visit | 100 PAB (100 USD) | 60 USD |
Dentist Visit | 70 PAB (70 USD) | 50 USD |
Eye Exam | 50 PAB (50 USD) | 20 USD |
Mental Health Counseling | 100 PAB (100 USD) | 40 USD |
Preventive Health Screening | 50 PAB (50 USD) | 500 USD |
Physical Therapy | 75 PAB (75 USD) | 30 USD |
Emergency Room Visit | 300 PAB (300 USD) | 150 USD |
Hospital Stay Per Night | 150 PAB (150 USD) | 120 USD |
Vaccinations | 30 PAB (30 USD) | 10 USD |
Prescription Medication | 20 PAB (20 USD) | 15 USD |
Over the Counter Medication | 10 PAB (10 USD) | 5 USD |
Health Insurance Premiums | 150 PAB (150 USD) | 100 USD |
Health Insurance Deductibles | 75 PAB (75 USD) | 200 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 1.08 times less for Health and Medical Treatment.
Indicators | Panama | El Salvador |
---|---|---|
Cosmetic Procedures | 200 PAB (200 USD) | 150 USD |
Spa Treatment | 75 PAB (75 USD) | 60 USD |
Manicure Pedicure Cost | 30 PAB (30 USD) | 20 USD |
Optical Glasses Cost | 80 PAB (80 USD) | 50 USD |
Contact Lenses Cost | 40 PAB (40 USD) | 25 USD |
Haircuts | 15 PAB (15 USD) | 10 USD |
Hair Coloring | 40 PAB (40 USD) | 30 USD |
Shampoo Price | 5 PAB (5 USD) | 4 USD |
Toothpaste Price | 2 PAB (2 USD) | 2 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 1.39 times more for Personal Care Items and Treatment.
Indicators | Panama | El Salvador |
---|---|---|
Pair of Nike Running Shoes | 80 PAB (80 USD) | 100 USD |
Men's Shirt | 25 PAB (25 USD) | 30 USD |
Women's Dress | 40 PAB (40 USD) | 60 USD |
Summer Dress | 30 PAB (30 USD) | 40 USD |
Men's Suit | 100 PAB (100 USD) | 200 USD |
Men's Jeans | 40 PAB (40 USD) | 40 USD |
Women's Jeans | 30 PAB (30 USD) | 40 USD |
Men's Formal Shoes | 80 PAB (80 USD) | 70 USD |
Women's Formal Shoes | 80 PAB (80 USD) | 70 USD |
Men's Casual Shoes | 50 PAB (50 USD) | 50 USD |
Women's Casual Shoes | 50 PAB (50 USD) | 50 USD |
Underwear For Men | 8 PAB (8 USD) | 10 USD |
Underwear For Women | 12 PAB (12 USD) | 10 USD |
Socks For Men | 3 PAB (3 USD) | 5 USD |
Socks For Women | 3 PAB (3 USD) | 5 USD |
Wintercoat for Adults | 80 PAB (80 USD) | 80 USD |
Sportswear | 40 PAB (40 USD) | 40 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 1.20 times less for Clothing and Footwear for Adults.
Indicators | Panama | El Salvador |
---|---|---|
Children's Jeans | 20 PAB (20 USD) | 25 USD |
Children's Normal Sneakers | 30 PAB (30 USD) | 30 USD |
Children's Winter Coat | 40 PAB (40 USD) | 50 USD |
Daycare for Infant | 200 PAB (200 USD) | 200 USD |
Daycare for Toddler | 150 PAB (150 USD) | 180 USD |
Childcare for Sick Days | 30 PAB (30 USD) | 25 USD |
Early Childhood Education Programs | 150 PAB (150 USD) | 300 USD |
Extra Curricular Activities | 100 PAB (100 USD) | 40 USD |
Summer Camp for Kids | 150 PAB (150 USD) | 150 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 1.15 times less for Childcare and kids clothing.
Indicators | Panama | El Salvador |
---|---|---|
PreSchool Fees | 250 PAB (250 USD) | 250 USD |
Primary School Fees | 400 PAB (400 USD) | 300 USD |
Secondary School Fees | 600 PAB (600 USD) | 400 USD |
Private School Fees | 1,000 PAB (1,000 USD) | 600 USD |
University Tuition Fees | 2,500 PAB (2,500 USD) | 4,000 USD |
University Private Tuition Fees | 3,500 PAB (3,500 USD) | 8,000 USD |
After School Activities | 75 PAB (75 USD) | 50 USD |
Special Education Services | 200 PAB (200 USD) | 250 USD |
Tutoring | 30 PAB (30 USD) | 25 USD |
Textbooks Cost | 50 PAB (50 USD) | 100 USD |
School Supplies | 30 PAB (30 USD) | 30 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 1.62 times less for school and education.
Indicators | Panama | El Salvador |
---|---|---|
Movie Ticket (Single) | 8 PAB (8 USD) | 4 USD |
Theater Ticket (Single) | 15 PAB (15 USD) | 15 USD |
Concert Ticket (Single) | 25 PAB (25 USD) | 20 USD |
Sports Event Ticket (Single) | 15 PAB (15 USD) | 25 USD |
Gym Membership | 40 PAB (40 USD) | 40 USD |
Swimming Pool Access | 25 PAB (25 USD) | 30 USD |
Museum Entry Ticket | 8 PAB (8 USD) | 5 USD |
Zoo Entry Ticket | 12 PAB (12 USD) | 8 USD |
Amusement Park Entry Ticket | 20 PAB (20 USD) | 15 USD |
Bowling | 15 PAB (15 USD) | 10 USD |
Mini Golf | 12 PAB (12 USD) | 8 USD |
Video Games | 40 PAB (40 USD) | 50 USD |
Streaming Services | 12 PAB (12 USD) | 10 USD |
Outdoor Equipment Rental | 15 PAB (15 USD) | 15 USD |
Theme Park Annual Pass | 500 PAB (500 USD) | 200 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 1.67 times more for entertainment, recreation and fun activities.
Indicators | Panama | El Salvador |
---|---|---|
Language Classes | 150 PAB (150 USD) | 100 USD |
Parenting Classes | 150 PAB (150 USD) | 60 USD |
Art Classes | 25 PAB (25 USD) | 20 USD |
Fitness Classes | 25 PAB (25 USD) | 10 USD |
Music Lessons | 30 PAB (30 USD) | 30 USD |
Dance Lessons | 30 PAB (30 USD) | 30 USD |
Reading Materials for Classes | 8 PAB (8 USD) | 10 USD |
Educational Software | 150 PAB (150 USD) | 50 USD |
If you lived in Panama, instead of El Salvador, you would have to pay 1.83 times more for Private Classes.
Indicators | Panama | El Salvador |
---|---|---|
Average Gross Monthly Salary | 1,500 PAB (1,500 USD) | 1,000 USD |
Average Net Monthly Salary | 1,200 PAB (1,200 USD) | 800 USD |
Minimum Wages | 20 PAB per hour (20 USD) | 10 USD per hour |
Average Bonus | 150 PAB (150 USD) | 100 USD |
Income Tax Rate | 0 to 7 % | 0 to 13 % |
Social Security Contributions | 9 % | 7 % |
Pension Contributions | 10 % | 7 % |
Cost of Living Index | 50 | 55 |
Median Household Income | 1,200 PAB (1,200 USD) | 900 USD |
If you lived in Panama, you would earn 1.45 times more salary as compared to El Salvador.
Indicators | Panama | El Salvador |
---|---|---|
Legal Consultation Per Hour Rate | 100 PAB (100 USD) | 100 USD |
Accounting Services Per Hour Rate | 80 PAB (80 USD) | 80 USD |
IT Support Services Per Hour Rate | 80 PAB (80 USD) | 60 USD |
Technician Services Per Hour Rate | 60 PAB (60 USD) | 70 USD |
Professional Services cost 1.03 times more in Panama, as compared to El Salvador.
We hope you enjoyed the detailed guide on the cost of living comparsion between Panama and El Salvador.
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