Published: Monday, 21th October 2024
The cost of living in Panama is 1.37 times more expensive as compared to Saint Vincent and the Grenadines.
On this page, you will find side-by-side cost comparison between Panama and Saint Vincent and the Grenadines. 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 Saint Vincent and the Grenadines.
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Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
1 BHK Apartment in City Center | 1,200 PAB (1,200 USD) | 2,200 XCD (814.88 USD) |
2 BHK Apartment in City Center | 2,000 PAB (2,000 USD) | 3,500 XCD (1,296.40 USD) |
3 BHK Apartment in City Center | 3,000 PAB (3,000 USD) | 5,000 XCD (1,852 USD) |
1 BHK Apartment outside City Center | 800 PAB (800 USD) | 1,500 XCD (555.60 USD) |
2 BHK Apartment outside City Center | 1,200 PAB (1,200 USD) | 2,500 XCD (926 USD) |
3 BHK Apartment outside City Center | 1,800 PAB (1,800 USD) | 3,500 XCD (1,296.40 USD) |
Mortgage Rates Per Month | 1.3 % | 8 % |
Realtor Commission | 5 % | 2 % |
Property Taxes | 0.6 to 1.0 % | Yet to Update |
The average housing cost in Panama is 1.50 times more expensive than Saint Vincent and the Grenadines.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Basic Home Furnishing | 3,000 PAB (3,000 USD) | 3,500 XCD (1,296.40 USD) |
Electricity Cost Per Month | 150 PAB (150 USD) | 180 XCD (66.67 USD) |
Heating Cost Per Month | 100 PAB (100 USD) | 120 XCD (44.45 USD) |
Cooling Cost Per Month | 80 PAB (80 USD) | 160 XCD (59.26 USD) |
Water Supply Cost Per Month | 60 PAB (60 USD) | 90 XCD (33.34 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 125.98% more for Utilities.
The basic home furnishing in Panama costs 2.31 times more compared to Saint Vincent and the Grenadines.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Standard Wifi Cost Per Month | 70 PAB (70 USD) | 120 XCD (44.45 USD) |
Mobile Phone Basic Plan Cost Per Month | 50 PAB (50 USD) | 100 XCD (37.04 USD) |
Landline Basic Plan Cost Per Month | 30 PAB (30 USD) | 70 XCD (25.93 USD) |
Cable TV Basic Plan Cost Per Month | 80 PAB (80 USD) | 120 XCD (44.45 USD) |
The internet and communication costs 51.45% more in Panama compared to Saint Vincent and the Grenadines.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Long Grain Rice (1 KG) | 2 PAB (2 USD) | 18 XCD (6.67 USD) |
Milk (1 Liter) | 1.50 PAB (1.50 USD) | 12 XCD (4.44 USD) |
Water (1 Liter) | 0.50 PAB (0.50 USD) | 4 XCD (1.48 USD) |
Bread (500 gm) | 1 PAB (1 USD) | 8 XCD (2.96 USD) |
Eggs (1 Dozen) | 3 PAB (3 USD) | 12 XCD (4.44 USD) |
Cheese (1 KG) | 5 PAB (5 USD) | 30 XCD (11.11 USD) |
Chicken Breast (1 KG) | 7 PAB (7 USD) | 35 XCD (12.96 USD) |
In Panama, the cost of 1 Liter Water and 1 Liter Milk is 2.96 times less expensive than the cost in Saint Vincent and the Grenadines.
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 54.63% less for Groceries.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Apples (1 KG) | 3 PAB (3 USD) | 18 XCD (6.67 USD) |
Bananas (1 KG) | 1.50 PAB (1.50 USD) | 12 XCD (4.44 USD) |
Oranges (1 KG) | 2 PAB (2 USD) | 14 XCD (5.19 USD) |
Tomatoes (1 KG) | 2 PAB (2 USD) | 12 XCD (4.44 USD) |
Potatoes (1 KG) | 1 PAB (1 USD) | 10 XCD (3.70 USD) |
Lemons (1 KG) | 2.50 PAB (2.50 USD) | 22 XCD (8.15 USD) |
Onions (1 KG) | 1.50 PAB (1.50 USD) | 14 XCD (5.19 USD) |
Lentils (1 KG) | 2.50 PAB (2.50 USD) | 18 XCD (6.67 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 2.78 times less for Fruits and Vegetables.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Meal at a Resonable Restaurant | 12 PAB (12 USD) | 30 XCD (11.11 USD) |
Three-Course Meal for Two | 30 PAB (30 USD) | 70 XCD (25.93 USD) |
Fast Food Combo Meal | 6 PAB (6 USD) | 18 XCD (6.67 USD) |
Normal Coffee | 2.50 PAB (2.50 USD) | 6 XCD (2.22 USD) |
Soft Drink | 1.50 PAB (1.50 USD) | 5 XCD (1.85 USD) |
Pizza for One | 12 PAB (12 USD) | 35 XCD (12.96 USD) |
Take-Out Delivery Meal | 10 PAB (10 USD) | 30 XCD (11.11 USD) |
Cigarette Pack of 20 | 6 PAB (6 USD) | 18 XCD (6.67 USD) |
Dining-Out costs 1.88% more in Panama compared to Saint Vincent and the Grenadines.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Wine Mid-Range Bottle | 15 PAB (15 USD) | 70 XCD (25.93 USD) |
Glass of Wine | 6 PAB (6 USD) | 18 XCD (6.67 USD) |
Domestic Beer Half Liter | 2.50 PAB (2.50 USD) | 9 XCD (3.33 USD) |
Imported Beer Half Liter | 4 PAB (4 USD) | 14 XCD (5.19 USD) |
Domestic Alcohol 1 Liter | 15 PAB (15 USD) | 45 XCD (16.67 USD) |
Branded Alcohol 1 Liter | 25 PAB (25 USD) | 80 XCD (29.63 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 1.30 times less for usual hard drinks.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Monthly Public Transportation Pass | 50 PAB (50 USD) | 180 XCD (66.67 USD) |
Single Public Transportation Ticket | 1.50 PAB (1.50 USD) | 6 XCD (2.22 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 100 PAB (100 USD) | 350 XCD (129.64 USD) |
Taxi Start Fare | 3 PAB (3 USD) | 12 XCD (4.44 USD) |
Taxi Rate Per Kilometer | 1.50 PAB (1.50 USD) | 4 XCD (1.48 USD) |
Car Rental Per Day | 30 PAB (30 USD) | 180 XCD (66.67 USD) |
Parking Fees in City Center Per Hour | 2 PAB (2 USD) | 12 XCD (4.44 USD) |
Parking Fees outside City Center Per Hour | 1 PAB (1 USD) | 6 XCD (2.22 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 1.47 times less for transportation.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Reasonable Vehicle Purchase Cost | 15,000 PAB (15,000 USD) | 35,000 XCD (12,964 USD) |
Vehicle Registration Cost | 80 PAB (80 USD) | 600 XCD (222.24 USD) |
Driving License Fees | 50 PAB (50 USD) | 120 XCD (44.45 USD) |
Car Insurance Cost | 400 PAB (400 USD) | 700 XCD (259.28 USD) |
Car Maintenance Cost | 150 PAB (150 USD) | 250 XCD (92.60 USD) |
Car Loan Interest Rates | 6 % | 8 % |
Fuel Per Liter | 1.20 PAB (1.20 USD) | 10 XCD (3.70 USD) |
Fuel Per Gallon | 4.50 PAB (4.50 USD) | 40 XCD (14.82 USD) |
Average Toll Fees | 5 PAB 5 USD | Yet to Update |
You would have to pay 1.15 times more for Vehicle purchase, daily operation and maintenance in Panama compared to that of Saint Vincent and the Grenadines.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Doctor Visit | 50 PAB (50 USD) | 120 XCD (44.45 USD) |
Specialist Visit | 100 PAB (100 USD) | 250 XCD (92.60 USD) |
Dentist Visit | 70 PAB (70 USD) | 180 XCD (66.67 USD) |
Eye Exam | 50 PAB (50 USD) | 60 XCD (22.22 USD) |
Mental Health Counseling | 100 PAB (100 USD) | 150 XCD (55.56 USD) |
Preventive Health Screening | 50 PAB (50 USD) | 100 XCD (37.04 USD) |
Physical Therapy | 75 PAB (75 USD) | 100 XCD (37.04 USD) |
Emergency Room Visit | 300 PAB (300 USD) | 350 XCD (129.64 USD) |
Hospital Stay Per Night | 150 PAB (150 USD) | 180 XCD (66.67 USD) |
Vaccinations | 30 PAB (30 USD) | 60 XCD (22.22 USD) |
Prescription Medication | 20 PAB (20 USD) | 50 XCD (18.52 USD) |
Over the Counter Medication | 10 PAB (10 USD) | 25 XCD (9.26 USD) |
Health Insurance Premiums | 150 PAB (150 USD) | 300 XCD (111.12 USD) |
Health Insurance Deductibles | 75 PAB (75 USD) | 250 XCD (92.60 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 1.53 times more for Health and Medical Treatment.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Cosmetic Procedures | 200 PAB (200 USD) | 300 XCD (111.12 USD) |
Spa Treatment | 75 PAB (75 USD) | 180 XCD (66.67 USD) |
Manicure Pedicure Cost | 30 PAB (30 USD) | 50 XCD (18.52 USD) |
Optical Glasses Cost | 80 PAB (80 USD) | 120 XCD (44.45 USD) |
Contact Lenses Cost | 40 PAB (40 USD) | 90 XCD (33.34 USD) |
Haircuts | 15 PAB (15 USD) | 30 XCD (11.11 USD) |
Hair Coloring | 40 PAB (40 USD) | 90 XCD (33.34 USD) |
Shampoo Price | 5 PAB (5 USD) | 12 XCD (4.44 USD) |
Toothpaste Price | 2 PAB (2 USD) | 6 XCD (2.22 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 1.50 times more for Personal Care Items and Treatment.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Pair of Nike Running Shoes | 80 PAB (80 USD) | 220 XCD (81.49 USD) |
Men's Shirt | 25 PAB (25 USD) | 70 XCD (25.93 USD) |
Women's Dress | 40 PAB (40 USD) | 220 XCD (81.49 USD) |
Summer Dress | 30 PAB (30 USD) | 130 XCD (48.15 USD) |
Men's Suit | 100 PAB (100 USD) | 650 XCD (240.76 USD) |
Men's Jeans | 40 PAB (40 USD) | 130 XCD (48.15 USD) |
Women's Jeans | 30 PAB (30 USD) | 130 XCD (48.15 USD) |
Men's Formal Shoes | 80 PAB (80 USD) | 160 XCD (59.26 USD) |
Women's Formal Shoes | 80 PAB (80 USD) | 130 XCD (48.15 USD) |
Men's Casual Shoes | 50 PAB (50 USD) | 110 XCD (40.74 USD) |
Women's Casual Shoes | 50 PAB (50 USD) | 90 XCD (33.34 USD) |
Underwear For Men | 8 PAB (8 USD) | 25 XCD (9.26 USD) |
Underwear For Women | 12 PAB (12 USD) | 30 XCD (11.11 USD) |
Socks For Men | 3 PAB (3 USD) | 12 XCD (4.44 USD) |
Socks For Women | 3 PAB (3 USD) | 12 XCD (4.44 USD) |
Wintercoat for Adults | 80 PAB (80 USD) | 220 XCD (81.49 USD) |
Sportswear | 40 PAB (40 USD) | 130 XCD (48.15 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 1.22 times less for Clothing and Footwear for Adults.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Children's Jeans | 20 PAB (20 USD) | 70 XCD (25.93 USD) |
Children's Normal Sneakers | 30 PAB (30 USD) | 90 XCD (33.34 USD) |
Children's Winter Coat | 40 PAB (40 USD) | 130 XCD (48.15 USD) |
Daycare for Infant | 200 PAB (200 USD) | 850 XCD (314.84 USD) |
Daycare for Toddler | 150 PAB (150 USD) | 650 XCD (240.76 USD) |
Childcare for Sick Days | 30 PAB (30 USD) | 60 XCD (22.22 USD) |
Early Childhood Education Programs | 150 PAB (150 USD) | 320 XCD (118.53 USD) |
Extra Curricular Activities | 100 PAB (100 USD) | 220 XCD (81.49 USD) |
Summer Camp for Kids | 150 PAB (150 USD) | 320 XCD (118.53 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 1.15 times less for Childcare and kids clothing.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
PreSchool Fees | 250 PAB (250 USD) | 1,100 XCD (407.44 USD) |
Primary School Fees | 400 PAB (400 USD) | 1,300 XCD (481.52 USD) |
Secondary School Fees | 600 PAB (600 USD) | 1,600 XCD (592.64 USD) |
Private School Fees | 1,000 PAB (1,000 USD) | 2,100 XCD (777.84 USD) |
University Tuition Fees | 2,500 PAB (2,500 USD) | 2,700 XCD (1,000.08 USD) |
University Private Tuition Fees | 3,500 PAB (3,500 USD) | 3,200 XCD (1,185.28 USD) |
After School Activities | 75 PAB (75 USD) | 120 XCD (44.45 USD) |
Special Education Services | 200 PAB (200 USD) | 320 XCD (118.53 USD) |
Tutoring | 30 PAB (30 USD) | 90 XCD (33.34 USD) |
Textbooks Cost | 50 PAB (50 USD) | 110 XCD (40.74 USD) |
School Supplies | 30 PAB (30 USD) | 60 XCD (22.22 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 1.84 times more for school and education.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Movie Ticket (Single) | 8 PAB (8 USD) | 18 XCD (6.67 USD) |
Theater Ticket (Single) | 15 PAB (15 USD) | 35 XCD (12.96 USD) |
Concert Ticket (Single) | 25 PAB (25 USD) | 60 XCD (22.22 USD) |
Sports Event Ticket (Single) | 15 PAB (15 USD) | 70 XCD (25.93 USD) |
Gym Membership | 40 PAB (40 USD) | 120 XCD (44.45 USD) |
Swimming Pool Access | 25 PAB (25 USD) | 90 XCD (33.34 USD) |
Museum Entry Ticket | 8 PAB (8 USD) | 12 XCD (4.44 USD) |
Zoo Entry Ticket | 12 PAB (12 USD) | 18 XCD (6.67 USD) |
Amusement Park Entry Ticket | 20 PAB (20 USD) | 35 XCD (12.96 USD) |
Bowling | 15 PAB (15 USD) | 22 XCD (8.15 USD) |
Mini Golf | 12 PAB (12 USD) | 18 XCD (6.67 USD) |
Video Games | 40 PAB (40 USD) | 55 XCD (20.37 USD) |
Streaming Services | 12 PAB (12 USD) | 22 XCD (8.15 USD) |
Outdoor Equipment Rental | 15 PAB (15 USD) | 35 XCD (12.96 USD) |
Theme Park Annual Pass | 500 PAB (500 USD) | 550 XCD (203.72 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 1.77 times more for entertainment, recreation and fun activities.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Language Classes | 150 PAB (150 USD) | 270 XCD (100.01 USD) |
Parenting Classes | 150 PAB (150 USD) | 220 XCD (81.49 USD) |
Art Classes | 25 PAB (25 USD) | 35 XCD (12.96 USD) |
Fitness Classes | 25 PAB (25 USD) | 25 XCD (9.26 USD) |
Music Lessons | 30 PAB (30 USD) | 55 XCD (20.37 USD) |
Dance Lessons | 30 PAB (30 USD) | 55 XCD (20.37 USD) |
Reading Materials for Classes | 8 PAB (8 USD) | 18 XCD (6.67 USD) |
Educational Software | 150 PAB (150 USD) | 180 XCD (66.67 USD) |
If you lived in Panama, instead of Saint Vincent and the Grenadines, you would have to pay 1.79 times more for Private Classes.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Average Gross Monthly Salary | 1,500 PAB (1,500 USD) | 3,500 XCD (1,296.40 USD) |
Average Net Monthly Salary | 1,200 PAB (1,200 USD) | 2,400 XCD (888.96 USD) |
Minimum Wages | 20 PAB per hour (20 USD) | 40 XCD per hour (14.82 USD) |
Average Bonus | 150 PAB (150 USD) | 1,000 XCD (370.40 USD) |
Income Tax Rate | 0 to 7 % | 0 to 15 % |
Social Security Contributions | 9 % | 5 % |
Pension Contributions | 10 % | 5 % |
Cost of Living Index | 50 | 55 |
Median Household Income | 1,200 PAB (1,200 USD) | 2,400 XCD (888.96 USD) |
If you lived in Panama, you would earn 1.18 times more salary as compared to Saint Vincent and the Grenadines.
Indicators | Panama | Saint Vincent and the Grenadines |
---|---|---|
Legal Consultation Per Hour Rate | 100 PAB (100 USD) | 150 XCD (55.56 USD) |
Accounting Services Per Hour Rate | 80 PAB (80 USD) | 100 XCD (37.04 USD) |
IT Support Services Per Hour Rate | 80 PAB (80 USD) | 120 XCD (44.45 USD) |
Technician Services Per Hour Rate | 60 PAB (60 USD) | 100 XCD (37.04 USD) |
Professional Services cost 1.84 times more in Panama, as compared to Saint Vincent and the Grenadines.
We hope you enjoyed the detailed guide on the cost of living comparsion between Panama and Saint Vincent and the Grenadines.
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