Published: Monday, 21th October 2024
The cost of living in Panama is 2.97 times more expensive as compared to Papua New Guinea.
On this page, you will find side-by-side cost comparison between Panama and Papua New Guinea. 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 Papua New Guinea.
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![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 1,200 PAB (1,200 USD) | 1,200 PGK (324 USD) |
2 BHK Apartment in City Center ![]() | 2,000 PAB (2,000 USD) | 2,000 PGK (540 USD) |
3 BHK Apartment in City Center ![]() | 3,000 PAB (3,000 USD) | 3,000 PGK (810 USD) |
1 BHK Apartment outside City Center ![]() | 800 PAB (800 USD) | 700 PGK (189 USD) |
2 BHK Apartment outside City Center ![]() | 1,200 PAB (1,200 USD) | 1,200 PGK (324 USD) |
3 BHK Apartment outside City Center ![]() | 1,800 PAB (1,800 USD) | 1,800 PGK (486 USD) |
Mortgage Rates Per Month ![]() | 1.3 % | 1.2 % |
Realtor Commission ![]() | 5 % | 5 % |
Property Taxes ![]() | 0.6 to 1.0 % | Yet to Update |
The average housing cost in Panama is 3.75 times more expensive than Papua New Guinea.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Basic Home Furnishing ![]() | 3,000 PAB (3,000 USD) | 5,000 PGK (1,350 USD) |
Electricity Cost Per Month ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
Heating Cost Per Month ![]() | 100 PAB (100 USD) | 150 PGK (40.50 USD) |
Cooling Cost Per Month ![]() | 80 PAB (80 USD) | 100 PGK (27 USD) |
Water Supply Cost Per Month ![]() | 60 PAB (60 USD) | 80 PGK (21.60 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 127.04% more for Utilities.
The basic home furnishing in Panama costs 2.22 times more compared to Papua New Guinea.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 70 PAB (70 USD) | 100 PGK (27 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 50 PAB (50 USD) | 60 PGK (16.20 USD) |
Landline Basic Plan Cost Per Month ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 80 PAB (80 USD) | 90 PGK (24.30 USD) |
The internet and communication costs 193.74% more in Panama compared to Papua New Guinea.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 2 PAB (2 USD) | 4 PGK (1.08 USD) |
Milk (1 Liter) ![]() | 1.50 PAB (1.50 USD) | 3 PGK (0.81 USD) |
Water (1 Liter) ![]() | 0.50 PAB (0.50 USD) | 1 PGK (0.27 USD) |
Bread (500 gm) ![]() | 1 PAB (1 USD) | 2.50 PGK (0.68 USD) |
Eggs (1 Dozen) ![]() | 3 PAB (3 USD) | 7 PGK (1.89 USD) |
Cheese (1 KG) ![]() | 5 PAB (5 USD) | 12 PGK (3.24 USD) |
Chicken Breast (1 KG) ![]() | 7 PAB (7 USD) | 14 PGK (3.78 USD) |
In Panama, the cost of 1 Liter Water and 1 Liter Milk is 1.85 times more expensive than the cost in Papua New Guinea.
If you lived in Panama, instead of Papua New Guinea, you would have to pay 70.29% more for Groceries.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Apples (1 KG) ![]() | 3 PAB (3 USD) | 6 PGK (1.62 USD) |
Bananas (1 KG) ![]() | 1.50 PAB (1.50 USD) | 3 PGK (0.81 USD) |
Oranges (1 KG) ![]() | 2 PAB (2 USD) | 5 PGK (1.35 USD) |
Tomatoes (1 KG) ![]() | 2 PAB (2 USD) | 4 PGK (1.08 USD) |
Potatoes (1 KG) ![]() | 1 PAB (1 USD) | 2.50 PGK (0.68 USD) |
Lemons (1 KG) ![]() | 2.50 PAB (2.50 USD) | 5 PGK (1.35 USD) |
Onions (1 KG) ![]() | 1.50 PAB (1.50 USD) | 3.50 PGK (0.95 USD) |
Lentils (1 KG) ![]() | 2.50 PAB (2.50 USD) | 5 PGK (1.35 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 1.74 times more for Fruits and Vegetables.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 12 PAB (12 USD) | 20 PGK (5.40 USD) |
Three-Course Meal for Two ![]() | 30 PAB (30 USD) | 50 PGK (13.50 USD) |
Fast Food Combo Meal ![]() | 6 PAB (6 USD) | 10 PGK (2.70 USD) |
Normal Coffee ![]() | 2.50 PAB (2.50 USD) | 3.50 PGK (0.95 USD) |
Soft Drink ![]() | 1.50 PAB (1.50 USD) | 2.50 PGK (0.68 USD) |
Pizza for One ![]() | 12 PAB (12 USD) | 20 PGK (5.40 USD) |
Take-Out Delivery Meal ![]() | 10 PAB (10 USD) | 15 PGK (4.05 USD) |
Cigarette Pack of 20 ![]() | 6 PAB (6 USD) | 10 PGK (2.70 USD) |
Dining-Out costs 126.18% more in Panama compared to Papua New Guinea.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 15 PAB (15 USD) | 30 PGK (8.10 USD) |
Glass of Wine ![]() | 6 PAB (6 USD) | 8 PGK (2.16 USD) |
Domestic Beer Half Liter ![]() | 2.50 PAB (2.50 USD) | 4 PGK (1.08 USD) |
Imported Beer Half Liter ![]() | 4 PAB (4 USD) | 6 PGK (1.62 USD) |
Domestic Alcohol 1 Liter ![]() | 15 PAB (15 USD) | 30 PGK (8.10 USD) |
Branded Alcohol 1 Liter ![]() | 25 PAB (25 USD) | 50 PGK (13.50 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 1.95 times more for usual hard drinks.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 50 PAB (50 USD) | 70 PGK (18.90 USD) |
Single Public Transportation Ticket ![]() | 1.50 PAB (1.50 USD) | 2 PGK (0.54 USD) |
Single Train Ticket ![]() | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket ![]() | 100 PAB (100 USD) | 150 PGK (40.50 USD) |
Taxi Start Fare ![]() | 3 PAB (3 USD) | 5 PGK (1.35 USD) |
Taxi Rate Per Kilometer ![]() | 1.50 PAB (1.50 USD) | 2 PGK (0.54 USD) |
Car Rental Per Day ![]() | 30 PAB (30 USD) | 50 PGK (13.50 USD) |
Parking Fees in City Center Per Hour ![]() | 2 PAB (2 USD) | 3 PGK (0.81 USD) |
Parking Fees outside City Center Per Hour ![]() | 1 PAB (1 USD) | 1.50 PGK (0.41 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 2.47 times more for transportation.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 15,000 PAB (15,000 USD) | 20,000 PGK (5,400 USD) |
Vehicle Registration Cost ![]() | 80 PAB (80 USD) | 100 PGK (27 USD) |
Driving License Fees ![]() | 50 PAB (50 USD) | 80 PGK (21.60 USD) |
Car Insurance Cost ![]() | 400 PAB (400 USD) | 600 PGK (162 USD) |
Car Maintenance Cost ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
Car Loan Interest Rates ![]() | 6 % | 7 % |
Fuel Per Liter ![]() | 1.20 PAB (1.20 USD) | 4 PGK (1.08 USD) |
Fuel Per Gallon ![]() | 4.50 PAB (4.50 USD) | 15 PGK (4.05 USD) |
Average Toll Fees ![]() | 5 PAB 5 USD | 10 PGK 2.70 USD |
You would have to pay 2.77 times more for Vehicle purchase, daily operation and maintenance in Panama compared to that of Papua New Guinea.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Doctor Visit ![]() | 50 PAB (50 USD) | 60 PGK (16.20 USD) |
Specialist Visit ![]() | 100 PAB (100 USD) | 120 PGK (32.40 USD) |
Dentist Visit ![]() | 70 PAB (70 USD) | 80 PGK (21.60 USD) |
Eye Exam ![]() | 50 PAB (50 USD) | 60 PGK (16.20 USD) |
Mental Health Counseling ![]() | 100 PAB (100 USD) | 120 PGK (32.40 USD) |
Preventive Health Screening ![]() | 50 PAB (50 USD) | 60 PGK (16.20 USD) |
Physical Therapy ![]() | 75 PAB (75 USD) | 100 PGK (27 USD) |
Emergency Room Visit ![]() | 300 PAB (300 USD) | 400 PGK (108 USD) |
Hospital Stay Per Night ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
Vaccinations ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
Prescription Medication ![]() | 20 PAB (20 USD) | 25 PGK (6.75 USD) |
Over the Counter Medication ![]() | 10 PAB (10 USD) | 15 PGK (4.05 USD) |
Health Insurance Premiums ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
Health Insurance Deductibles ![]() | 75 PAB (75 USD) | 100 PGK (27 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 2.88 times more for Health and Medical Treatment.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Cosmetic Procedures ![]() | 200 PAB (200 USD) | 250 PGK (67.50 USD) |
Spa Treatment ![]() | 75 PAB (75 USD) | 100 PGK (27 USD) |
Manicure Pedicure Cost ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
Optical Glasses Cost ![]() | 80 PAB (80 USD) | 100 PGK (27 USD) |
Contact Lenses Cost ![]() | 40 PAB (40 USD) | 50 PGK (13.50 USD) |
Haircuts ![]() | 15 PAB (15 USD) | 20 PGK (5.40 USD) |
Hair Coloring ![]() | 40 PAB (40 USD) | 50 PGK (13.50 USD) |
Shampoo Price ![]() | 5 PAB (5 USD) | 6 PGK (1.62 USD) |
Toothpaste Price ![]() | 2 PAB (2 USD) | 3 PGK (0.81 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 2.91 times more for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 80 PAB (80 USD) | 120 PGK (32.40 USD) |
Men's Shirt ![]() | 25 PAB (25 USD) | 30 PGK (8.10 USD) |
Women's Dress ![]() | 40 PAB (40 USD) | 60 PGK (16.20 USD) |
Summer Dress ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
Men's Suit ![]() | 100 PAB (100 USD) | 150 PGK (40.50 USD) |
Men's Jeans ![]() | 40 PAB (40 USD) | 60 PGK (16.20 USD) |
Women's Jeans ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
Men's Formal Shoes ![]() | 80 PAB (80 USD) | 100 PGK (27 USD) |
Women's Formal Shoes ![]() | 80 PAB (80 USD) | 100 PGK (27 USD) |
Men's Casual Shoes ![]() | 50 PAB (50 USD) | 70 PGK (18.90 USD) |
Women's Casual Shoes ![]() | 50 PAB (50 USD) | 70 PGK (18.90 USD) |
Underwear For Men ![]() | 8 PAB (8 USD) | 10 PGK (2.70 USD) |
Underwear For Women ![]() | 12 PAB (12 USD) | 15 PGK (4.05 USD) |
Socks For Men ![]() | 3 PAB (3 USD) | 5 PGK (1.35 USD) |
Socks For Women ![]() | 3 PAB (3 USD) | 5 PGK (1.35 USD) |
Wintercoat for Adults ![]() | 80 PAB (80 USD) | 100 PGK (27 USD) |
Sportswear ![]() | 40 PAB (40 USD) | 60 PGK (16.20 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 2.69 times more for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Children's Jeans ![]() | 20 PAB (20 USD) | 30 PGK (8.10 USD) |
Children's Normal Sneakers ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
Children's Winter Coat ![]() | 40 PAB (40 USD) | 60 PGK (16.20 USD) |
Daycare for Infant ![]() | 200 PAB (200 USD) | 250 PGK (67.50 USD) |
Daycare for Toddler ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
Childcare for Sick Days ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
Early Childhood Education Programs ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
Extra Curricular Activities ![]() | 100 PAB (100 USD) | 150 PGK (40.50 USD) |
Summer Camp for Kids ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 2.75 times more for Childcare and kids clothing.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
PreSchool Fees ![]() | 250 PAB (250 USD) | 300 PGK (81 USD) |
Primary School Fees ![]() | 400 PAB (400 USD) | 500 PGK (135 USD) |
Secondary School Fees ![]() | 600 PAB (600 USD) | 800 PGK (216 USD) |
Private School Fees ![]() | 1,000 PAB (1,000 USD) | 1,200 PGK (324 USD) |
University Tuition Fees ![]() | 2,500 PAB (2,500 USD) | 3,000 PGK (810 USD) |
University Private Tuition Fees ![]() | 3,500 PAB (3,500 USD) | 4,000 PGK (1,080 USD) |
After School Activities ![]() | 75 PAB (75 USD) | 100 PGK (27 USD) |
Special Education Services ![]() | 200 PAB (200 USD) | 250 PGK (67.50 USD) |
Tutoring ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
Textbooks Cost ![]() | 50 PAB (50 USD) | 60 PGK (16.20 USD) |
School Supplies ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 3.11 times more for school and education.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 8 PAB (8 USD) | 10 PGK (2.70 USD) |
Theater Ticket (Single) ![]() | 15 PAB (15 USD) | 20 PGK (5.40 USD) |
Concert Ticket (Single) ![]() | 25 PAB (25 USD) | 30 PGK (8.10 USD) |
Sports Event Ticket (Single) ![]() | 15 PAB (15 USD) | 20 PGK (5.40 USD) |
Gym Membership ![]() | 40 PAB (40 USD) | 50 PGK (13.50 USD) |
Swimming Pool Access ![]() | 25 PAB (25 USD) | 30 PGK (8.10 USD) |
Museum Entry Ticket ![]() | 8 PAB (8 USD) | 10 PGK (2.70 USD) |
Zoo Entry Ticket ![]() | 12 PAB (12 USD) | 15 PGK (4.05 USD) |
Amusement Park Entry Ticket ![]() | 20 PAB (20 USD) | 25 PGK (6.75 USD) |
Bowling ![]() | 15 PAB (15 USD) | 20 PGK (5.40 USD) |
Mini Golf ![]() | 12 PAB (12 USD) | 15 PGK (4.05 USD) |
Video Games ![]() | 40 PAB (40 USD) | 50 PGK (13.50 USD) |
Streaming Services ![]() | 12 PAB (12 USD) | 15 PGK (4.05 USD) |
Outdoor Equipment Rental ![]() | 15 PAB (15 USD) | 20 PGK (5.40 USD) |
Theme Park Annual Pass ![]() | 500 PAB (500 USD) | 600 PGK (162 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 3.03 times more for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Language Classes ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
Parenting Classes ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
Art Classes ![]() | 25 PAB (25 USD) | 30 PGK (8.10 USD) |
Fitness Classes ![]() | 25 PAB (25 USD) | 30 PGK (8.10 USD) |
Music Lessons ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
Dance Lessons ![]() | 30 PAB (30 USD) | 40 PGK (10.80 USD) |
Reading Materials for Classes ![]() | 8 PAB (8 USD) | 10 PGK (2.70 USD) |
Educational Software ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
If you lived in Panama, instead of Papua New Guinea, you would have to pay 2.80 times more for Private Classes.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 1,500 PAB (1,500 USD) | 2,000 PGK (540 USD) |
Average Net Monthly Salary ![]() | 1,200 PAB (1,200 USD) | 1,600 PGK (432 USD) |
Minimum Wages ![]() | 20 PAB per hour (20 USD) | 20 PGK per hour (5.40 USD) |
Average Bonus ![]() | 150 PAB (150 USD) | 200 PGK (54 USD) |
Income Tax Rate ![]() | 0 to 7 % | 0 to 10 % |
Social Security Contributions ![]() | 9 % | 10 % |
Pension Contributions ![]() | 10 % | 8 % |
Cost of Living Index ![]() | 50 | 65 |
Median Household Income ![]() | 1,200 PAB (1,200 USD) | 1,200 PGK (324 USD) |
If you lived in Panama, you would earn 3.00 times more salary as compared to Papua New Guinea.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Papua New Guinea ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 100 PAB (100 USD) | 150 PGK (40.50 USD) |
Accounting Services Per Hour Rate ![]() | 80 PAB (80 USD) | 100 PGK (27 USD) |
IT Support Services Per Hour Rate ![]() | 80 PAB (80 USD) | 80 PGK (21.60 USD) |
Technician Services Per Hour Rate ![]() | 60 PAB (60 USD) | 60 PGK (16.20 USD) |
Professional Services cost 3.04 times more in Panama, as compared to Papua New Guinea.
We hope you enjoyed the detailed guide on the cost of living comparsion between Panama and Papua New Guinea.
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