Published: Monday, 21th October 2024
The cost of living in Panama is 1.75 times less expensive as compared to Marshall Islands.
On this page, you will find side-by-side cost comparison between Panama and Marshall Islands. 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 Marshall Islands.
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Indicators | Panama | Marshall Islands |
---|---|---|
1 BHK Apartment in City Center | 1,200 PAB (1,200 USD) | 1,200 USD |
2 BHK Apartment in City Center | 2,000 PAB (2,000 USD) | 2,200 USD |
3 BHK Apartment in City Center | 3,000 PAB (3,000 USD) | 3,000 USD |
1 BHK Apartment outside City Center | 800 PAB (800 USD) | 800 USD |
2 BHK Apartment outside City Center | 1,200 PAB (1,200 USD) | 1,500 USD |
3 BHK Apartment outside City Center | 1,800 PAB (1,800 USD) | 2,200 USD |
Mortgage Rates Per Month | 1.3 % | 1.3 % |
Realtor Commission | 5 % | 2 % |
Property Taxes | 0.6 to 1.0 % | Yet to Update |
The average housing cost in Panama is 1.07 times less expensive than Marshall Islands.
Indicators | Panama | Marshall Islands |
---|---|---|
Basic Home Furnishing | 3,000 PAB (3,000 USD) | 4,000 USD |
Electricity Cost Per Month | 150 PAB (150 USD) | 150 USD |
Heating Cost Per Month | 100 PAB (100 USD) | 120 USD |
Cooling Cost Per Month | 80 PAB (80 USD) | 100 USD |
Water Supply Cost Per Month | 60 PAB (60 USD) | 50 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 23.30% less for Utilities.
The basic home furnishing in Panama costs 1.33 times less compared to Marshall Islands.
Indicators | Panama | Marshall Islands |
---|---|---|
Standard Wifi Cost Per Month | 70 PAB (70 USD) | 50 USD |
Mobile Phone Basic Plan Cost Per Month | 50 PAB (50 USD) | 40 USD |
Landline Basic Plan Cost Per Month | 30 PAB (30 USD) | 20 USD |
Cable TV Basic Plan Cost Per Month | 80 PAB (80 USD) | 60 USD |
The internet and communication costs 35.29% more in Panama compared to Marshall Islands.
Indicators | Panama | Marshall Islands |
---|---|---|
Long Grain Rice (1 KG) | 2 PAB (2 USD) | 3 USD |
Milk (1 Liter) | 1.50 PAB (1.50 USD) | 2 USD |
Water (1 Liter) | 0.50 PAB (0.50 USD) | 1 USD |
Bread (500 gm) | 1 PAB (1 USD) | 1.50 USD |
Eggs (1 Dozen) | 3 PAB (3 USD) | 4.50 USD |
Cheese (1 KG) | 5 PAB (5 USD) | 10 USD |
Chicken Breast (1 KG) | 7 PAB (7 USD) | 12 USD |
In Panama, the cost of 1 Liter Water and 1 Liter Milk is 1.50 times less expensive than the cost in Marshall Islands.
If you lived in Panama, instead of Marshall Islands, you would have to pay 41.18% less for Groceries.
Indicators | Panama | Marshall Islands |
---|---|---|
Apples (1 KG) | 3 PAB (3 USD) | 4 USD |
Bananas (1 KG) | 1.50 PAB (1.50 USD) | 3 USD |
Oranges (1 KG) | 2 PAB (2 USD) | 3.50 USD |
Tomatoes (1 KG) | 2 PAB (2 USD) | 3 USD |
Potatoes (1 KG) | 1 PAB (1 USD) | 2.50 USD |
Lemons (1 KG) | 2.50 PAB (2.50 USD) | 4 USD |
Onions (1 KG) | 1.50 PAB (1.50 USD) | 2.50 USD |
Lentils (1 KG) | 2.50 PAB (2.50 USD) | 3 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 1.59 times less for Fruits and Vegetables.
Indicators | Panama | Marshall Islands |
---|---|---|
Meal at a Resonable Restaurant | 12 PAB (12 USD) | 20 USD |
Three-Course Meal for Two | 30 PAB (30 USD) | 60 USD |
Fast Food Combo Meal | 6 PAB (6 USD) | 8 USD |
Normal Coffee | 2.50 PAB (2.50 USD) | 3 USD |
Soft Drink | 1.50 PAB (1.50 USD) | 2 USD |
Pizza for One | 12 PAB (12 USD) | 15 USD |
Take-Out Delivery Meal | 10 PAB (10 USD) | 15 USD |
Cigarette Pack of 20 | 6 PAB (6 USD) | 8 USD |
Dining-Out costs 38.93% less in Panama compared to Marshall Islands.
Indicators | Panama | Marshall Islands |
---|---|---|
Wine Mid-Range Bottle | 15 PAB (15 USD) | 20 USD |
Glass of Wine | 6 PAB (6 USD) | 6 USD |
Domestic Beer Half Liter | 2.50 PAB (2.50 USD) | 3 USD |
Imported Beer Half Liter | 4 PAB (4 USD) | 5 USD |
Domestic Alcohol 1 Liter | 15 PAB (15 USD) | 20 USD |
Branded Alcohol 1 Liter | 25 PAB (25 USD) | 35 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 1.32 times less for usual hard drinks.
Indicators | Panama | Marshall Islands |
---|---|---|
Monthly Public Transportation Pass | 50 PAB (50 USD) | 40 USD |
Single Public Transportation Ticket | 1.50 PAB (1.50 USD) | 2 USD |
Single Train Ticket | Yet to Update () | Yet to Update |
Domestic Airplane Ticket | 100 PAB (100 USD) | 200 USD |
Taxi Start Fare | 3 PAB (3 USD) | 7 USD |
Taxi Rate Per Kilometer | 1.50 PAB (1.50 USD) | 2.50 USD |
Car Rental Per Day | 30 PAB (30 USD) | 40 USD |
Parking Fees in City Center Per Hour | 2 PAB (2 USD) | 3 USD |
Parking Fees outside City Center Per Hour | 1 PAB (1 USD) | 1.50 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 1.57 times less for transportation.
Indicators | Panama | Marshall Islands |
---|---|---|
Reasonable Vehicle Purchase Cost | 15,000 PAB (15,000 USD) | 25,000 USD |
Vehicle Registration Cost | 80 PAB (80 USD) | 150 USD |
Driving License Fees | 50 PAB (50 USD) | 70 USD |
Car Insurance Cost | 400 PAB (400 USD) | 400 USD |
Car Maintenance Cost | 150 PAB (150 USD) | 250 USD |
Car Loan Interest Rates | 6 % | 6 % |
Fuel Per Liter | 1.20 PAB (1.20 USD) | 1.80 USD |
Fuel Per Gallon | 4.50 PAB (4.50 USD) | 7 USD |
Average Toll Fees | 5 PAB 5 USD | Yet to Update |
You would have to pay 1.65 times less for Vehicle purchase, daily operation and maintenance in Panama compared to that of Marshall Islands.
Indicators | Panama | Marshall Islands |
---|---|---|
Doctor Visit | 50 PAB (50 USD) | 60 USD |
Specialist Visit | 100 PAB (100 USD) | 90 USD |
Dentist Visit | 70 PAB (70 USD) | 70 USD |
Eye Exam | 50 PAB (50 USD) | 50 USD |
Mental Health Counseling | 100 PAB (100 USD) | 90 USD |
Preventive Health Screening | 50 PAB (50 USD) | 70 USD |
Physical Therapy | 75 PAB (75 USD) | 80 USD |
Emergency Room Visit | 300 PAB (300 USD) | 200 USD |
Hospital Stay Per Night | 150 PAB (150 USD) | 300 USD |
Vaccinations | 30 PAB (30 USD) | 50 USD |
Prescription Medication | 20 PAB (20 USD) | 20 USD |
Over the Counter Medication | 10 PAB (10 USD) | 10 USD |
Health Insurance Premiums | 150 PAB (150 USD) | 150 USD |
Health Insurance Deductibles | 75 PAB (75 USD) | 50 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 1.05 times less for Health and Medical Treatment.
Indicators | Panama | Marshall Islands |
---|---|---|
Cosmetic Procedures | 200 PAB (200 USD) | 300 USD |
Spa Treatment | 75 PAB (75 USD) | 80 USD |
Manicure Pedicure Cost | 30 PAB (30 USD) | 30 USD |
Optical Glasses Cost | 80 PAB (80 USD) | 120 USD |
Contact Lenses Cost | 40 PAB (40 USD) | 50 USD |
Haircuts | 15 PAB (15 USD) | 20 USD |
Hair Coloring | 40 PAB (40 USD) | 60 USD |
Shampoo Price | 5 PAB (5 USD) | 5 USD |
Toothpaste Price | 2 PAB (2 USD) | 3 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 1.37 times less for Personal Care Items and Treatment.
Indicators | Panama | Marshall Islands |
---|---|---|
Pair of Nike Running Shoes | 80 PAB (80 USD) | 100 USD |
Men's Shirt | 25 PAB (25 USD) | 35 USD |
Women's Dress | 40 PAB (40 USD) | 70 USD |
Summer Dress | 30 PAB (30 USD) | 50 USD |
Men's Suit | 100 PAB (100 USD) | 200 USD |
Men's Jeans | 40 PAB (40 USD) | 60 USD |
Women's Jeans | 30 PAB (30 USD) | 60 USD |
Men's Formal Shoes | 80 PAB (80 USD) | 100 USD |
Women's Formal Shoes | 80 PAB (80 USD) | 100 USD |
Men's Casual Shoes | 50 PAB (50 USD) | 70 USD |
Women's Casual Shoes | 50 PAB (50 USD) | 70 USD |
Underwear For Men | 8 PAB (8 USD) | 12 USD |
Underwear For Women | 12 PAB (12 USD) | 15 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) | 120 USD |
Sportswear | 40 PAB (40 USD) | 60 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 1.51 times less for Clothing and Footwear for Adults.
Indicators | Panama | Marshall Islands |
---|---|---|
Children's Jeans | 20 PAB (20 USD) | 35 USD |
Children's Normal Sneakers | 30 PAB (30 USD) | 50 USD |
Children's Winter Coat | 40 PAB (40 USD) | 70 USD |
Daycare for Infant | 200 PAB (200 USD) | 500 USD |
Daycare for Toddler | 150 PAB (150 USD) | 450 USD |
Childcare for Sick Days | 30 PAB (30 USD) | 100 USD |
Early Childhood Education Programs | 150 PAB (150 USD) | 200 USD |
Extra Curricular Activities | 100 PAB (100 USD) | 250 USD |
Summer Camp for Kids | 150 PAB (150 USD) | 500 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 2.48 times less for Childcare and kids clothing.
Indicators | Panama | Marshall Islands |
---|---|---|
PreSchool Fees | 250 PAB (250 USD) | 600 USD |
Primary School Fees | 400 PAB (400 USD) | 1,200 USD |
Secondary School Fees | 600 PAB (600 USD) | 1,800 USD |
Private School Fees | 1,000 PAB (1,000 USD) | 2,500 USD |
University Tuition Fees | 2,500 PAB (2,500 USD) | 8,000 USD |
University Private Tuition Fees | 3,500 PAB (3,500 USD) | 12,000 USD |
After School Activities | 75 PAB (75 USD) | 300 USD |
Special Education Services | 200 PAB (200 USD) | 250 USD |
Tutoring | 30 PAB (30 USD) | 100 USD |
Textbooks Cost | 50 PAB (50 USD) | 60 USD |
School Supplies | 30 PAB (30 USD) | 40 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 3.11 times less for school and education.
Indicators | Panama | Marshall Islands |
---|---|---|
Movie Ticket (Single) | 8 PAB (8 USD) | 10 USD |
Theater Ticket (Single) | 15 PAB (15 USD) | 20 USD |
Concert Ticket (Single) | 25 PAB (25 USD) | 40 USD |
Sports Event Ticket (Single) | 15 PAB (15 USD) | 50 USD |
Gym Membership | 40 PAB (40 USD) | 50 USD |
Swimming Pool Access | 25 PAB (25 USD) | 30 USD |
Museum Entry Ticket | 8 PAB (8 USD) | 10 USD |
Zoo Entry Ticket | 12 PAB (12 USD) | 15 USD |
Amusement Park Entry Ticket | 20 PAB (20 USD) | 25 USD |
Bowling | 15 PAB (15 USD) | 15 USD |
Mini Golf | 12 PAB (12 USD) | 10 USD |
Video Games | 40 PAB (40 USD) | 60 USD |
Streaming Services | 12 PAB (12 USD) | 15 USD |
Outdoor Equipment Rental | 15 PAB (15 USD) | 30 USD |
Theme Park Annual Pass | 500 PAB (500 USD) | 300 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 1.12 times more for entertainment, recreation and fun activities.
Indicators | Panama | Marshall Islands |
---|---|---|
Language Classes | 150 PAB (150 USD) | 150 USD |
Parenting Classes | 150 PAB (150 USD) | 100 USD |
Art Classes | 25 PAB (25 USD) | 60 USD |
Fitness Classes | 25 PAB (25 USD) | 30 USD |
Music Lessons | 30 PAB (30 USD) | 50 USD |
Dance Lessons | 30 PAB (30 USD) | 50 USD |
Reading Materials for Classes | 8 PAB (8 USD) | 15 USD |
Educational Software | 150 PAB (150 USD) | 100 USD |
If you lived in Panama, instead of Marshall Islands, you would have to pay 1.02 times more for Private Classes.
Indicators | Panama | Marshall Islands |
---|---|---|
Average Gross Monthly Salary | 1,500 PAB (1,500 USD) | 2,500 USD |
Average Net Monthly Salary | 1,200 PAB (1,200 USD) | 2,000 USD |
Minimum Wages | 20 PAB per hour (20 USD) | 40 USD per hour |
Average Bonus | 150 PAB (150 USD) | 500 USD |
Income Tax Rate | 0 to 7 % | 0 % |
Social Security Contributions | 9 % | 8 % |
Pension Contributions | 10 % | 5 % |
Cost of Living Index | 50 | 80 |
Median Household Income | 1,200 PAB (1,200 USD) | 1,800 USD |
If you lived in Panama, you would earn 1.68 times less salary as compared to Marshall Islands.
Indicators | Panama | Marshall Islands |
---|---|---|
Legal Consultation Per Hour Rate | 100 PAB (100 USD) | 150 USD |
Accounting Services Per Hour Rate | 80 PAB (80 USD) | 120 USD |
IT Support Services Per Hour Rate | 80 PAB (80 USD) | 100 USD |
Technician Services Per Hour Rate | 60 PAB (60 USD) | 120 USD |
Professional Services cost 1.53 times less in Panama, as compared to Marshall Islands.
We hope you enjoyed the detailed guide on the cost of living comparsion between Panama and Marshall Islands.
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