Published: Monday, 21th October 2024
The cost of living in Panama is 1.04 times less expensive as compared to Slovakia.
On this page, you will find side-by-side cost comparison between Panama and Slovakia. 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 Slovakia.
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![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 1,200 PAB (1,200 USD) | 500 EUR (556.05 USD) |
2 BHK Apartment in City Center ![]() | 2,000 PAB (2,000 USD) | 800 EUR (889.68 USD) |
3 BHK Apartment in City Center ![]() | 3,000 PAB (3,000 USD) | 1,200 EUR (1,334.52 USD) |
1 BHK Apartment outside City Center ![]() | 800 PAB (800 USD) | 400 EUR (444.84 USD) |
2 BHK Apartment outside City Center ![]() | 1,200 PAB (1,200 USD) | 600 EUR (667.26 USD) |
3 BHK Apartment outside City Center ![]() | 1,800 PAB (1,800 USD) | 900 EUR (1,000.89 USD) |
Mortgage Rates Per Month ![]() | 1.3 % | 1 % |
Realtor Commission ![]() | 5 % | 3 % |
Property Taxes ![]() | 0.6 to 1.0 % | 0.3 to 1.0 % |
The average housing cost in Panama is 2.09 times more expensive than Slovakia.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Basic Home Furnishing ![]() | 3,000 PAB (3,000 USD) | 2,500 EUR (2,780.25 USD) |
Electricity Cost Per Month ![]() | 150 PAB (150 USD) | 100 EUR (111.21 USD) |
Heating Cost Per Month ![]() | 100 PAB (100 USD) | 50 EUR (55.61 USD) |
Cooling Cost Per Month ![]() | 80 PAB (80 USD) | 50 EUR (55.61 USD) |
Water Supply Cost Per Month ![]() | 60 PAB (60 USD) | 20 EUR (22.24 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 12.07% more for Utilities.
The basic home furnishing in Panama costs 1.08 times more compared to Slovakia.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 70 PAB (70 USD) | 25 EUR (27.80 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 50 PAB (50 USD) | 20 EUR (22.24 USD) |
Landline Basic Plan Cost Per Month ![]() | 30 PAB (30 USD) | 10 EUR (11.12 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 80 PAB (80 USD) | 15 EUR (16.68 USD) |
The internet and communication costs 195.45% more in Panama compared to Slovakia.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 2 PAB (2 USD) | 1.50 EUR (1.67 USD) |
Milk (1 Liter) ![]() | 1.50 PAB (1.50 USD) | 1 EUR (1.11 USD) |
Water (1 Liter) ![]() | 0.50 PAB (0.50 USD) | 0.50 EUR (0.56 USD) |
Bread (500 gm) ![]() | 1 PAB (1 USD) | 1.20 EUR (1.33 USD) |
Eggs (1 Dozen) ![]() | 3 PAB (3 USD) | 2.50 EUR (2.78 USD) |
Cheese (1 KG) ![]() | 5 PAB (5 USD) | 8 EUR (8.90 USD) |
Chicken Breast (1 KG) ![]() | 7 PAB (7 USD) | 6 EUR (6.67 USD) |
In Panama, the cost of 1 Liter Water and 1 Liter Milk is 1.20 times more expensive than the cost in Slovakia.
If you lived in Panama, instead of Slovakia, you would have to pay 13.12% less for Groceries.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Apples (1 KG) ![]() | 3 PAB (3 USD) | 2 EUR (2.22 USD) |
Bananas (1 KG) ![]() | 1.50 PAB (1.50 USD) | 1.50 EUR (1.67 USD) |
Oranges (1 KG) ![]() | 2 PAB (2 USD) | 2 EUR (2.22 USD) |
Tomatoes (1 KG) ![]() | 2 PAB (2 USD) | 2.50 EUR (2.78 USD) |
Potatoes (1 KG) ![]() | 1 PAB (1 USD) | 1 EUR (1.11 USD) |
Lemons (1 KG) ![]() | 2.50 PAB (2.50 USD) | 2.50 EUR (2.78 USD) |
Onions (1 KG) ![]() | 1.50 PAB (1.50 USD) | 1.20 EUR (1.33 USD) |
Lentils (1 KG) ![]() | 2.50 PAB (2.50 USD) | 1.80 EUR (2 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 1.01 times less for Fruits and Vegetables.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 12 PAB (12 USD) | 6 EUR (6.67 USD) |
Three-Course Meal for Two ![]() | 30 PAB (30 USD) | 30 EUR (33.36 USD) |
Fast Food Combo Meal ![]() | 6 PAB (6 USD) | 5 EUR (5.56 USD) |
Normal Coffee ![]() | 2.50 PAB (2.50 USD) | 1.50 EUR (1.67 USD) |
Soft Drink ![]() | 1.50 PAB (1.50 USD) | 1 EUR (1.11 USD) |
Pizza for One ![]() | 12 PAB (12 USD) | 7 EUR (7.78 USD) |
Take-Out Delivery Meal ![]() | 10 PAB (10 USD) | 6 EUR (6.67 USD) |
Cigarette Pack of 20 ![]() | 6 PAB (6 USD) | 4 EUR (4.45 USD) |
Dining-Out costs 18.90% more in Panama compared to Slovakia.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 15 PAB (15 USD) | 5 EUR (5.56 USD) |
Glass of Wine ![]() | 6 PAB (6 USD) | 3 EUR (3.34 USD) |
Domestic Beer Half Liter ![]() | 2.50 PAB (2.50 USD) | 1 EUR (1.11 USD) |
Imported Beer Half Liter ![]() | 4 PAB (4 USD) | 1.50 EUR (1.67 USD) |
Domestic Alcohol 1 Liter ![]() | 15 PAB (15 USD) | 10 EUR (11.12 USD) |
Branded Alcohol 1 Liter ![]() | 25 PAB (25 USD) | 20 EUR (22.24 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 1.50 times more for usual hard drinks.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 50 PAB (50 USD) | 30 EUR (33.36 USD) |
Single Public Transportation Ticket ![]() | 1.50 PAB (1.50 USD) | 1 EUR (1.11 USD) |
Single Train Ticket ![]() | Yet to Update () | 2.50 EUR (2.78 USD) |
Domestic Airplane Ticket ![]() | 100 PAB (100 USD) | 80 EUR (88.97 USD) |
Taxi Start Fare ![]() | 3 PAB (3 USD) | 2 EUR (2.22 USD) |
Taxi Rate Per Kilometer ![]() | 1.50 PAB (1.50 USD) | 0.50 EUR (0.56 USD) |
Car Rental Per Day ![]() | 30 PAB (30 USD) | 25 EUR (27.80 USD) |
Parking Fees in City Center Per Hour ![]() | 2 PAB (2 USD) | 1 EUR (1.11 USD) |
Parking Fees outside City Center Per Hour ![]() | 1 PAB (1 USD) | 0.50 EUR (0.56 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 1.19 times more for transportation.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 15,000 PAB (15,000 USD) | 20,000 EUR (22,242 USD) |
Vehicle Registration Cost ![]() | 80 PAB (80 USD) | 20 EUR (22.24 USD) |
Driving License Fees ![]() | 50 PAB (50 USD) | 30 EUR (33.36 USD) |
Car Insurance Cost ![]() | 400 PAB (400 USD) | 50 EUR (55.61 USD) |
Car Maintenance Cost ![]() | 150 PAB (150 USD) | 30 EUR (33.36 USD) |
Car Loan Interest Rates ![]() | 6 % | 3 % |
Fuel Per Liter ![]() | 1.20 PAB (1.20 USD) | 1.50 EUR (1.67 USD) |
Fuel Per Gallon ![]() | 4.50 PAB (4.50 USD) | 5.68 EUR (6.32 USD) |
Average Toll Fees ![]() | 5 PAB 5 USD | 5 EUR 5.56 USD |
You would have to pay 1.43 times less for Vehicle purchase, daily operation and maintenance in Panama compared to that of Slovakia.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Doctor Visit ![]() | 50 PAB (50 USD) | 20 EUR (22.24 USD) |
Specialist Visit ![]() | 100 PAB (100 USD) | 50 EUR (55.61 USD) |
Dentist Visit ![]() | 70 PAB (70 USD) | 30 EUR (33.36 USD) |
Eye Exam ![]() | 50 PAB (50 USD) | 20 EUR (22.24 USD) |
Mental Health Counseling ![]() | 100 PAB (100 USD) | 40 EUR (44.48 USD) |
Preventive Health Screening ![]() | 50 PAB (50 USD) | 50 EUR (55.61 USD) |
Physical Therapy ![]() | 75 PAB (75 USD) | 30 EUR (33.36 USD) |
Emergency Room Visit ![]() | 300 PAB (300 USD) | 100 EUR (111.21 USD) |
Hospital Stay Per Night ![]() | 150 PAB (150 USD) | 200 EUR (222.42 USD) |
Vaccinations ![]() | 30 PAB (30 USD) | 30 EUR (33.36 USD) |
Prescription Medication ![]() | 20 PAB (20 USD) | 10 EUR (11.12 USD) |
Over the Counter Medication ![]() | 10 PAB (10 USD) | 5 EUR (5.56 USD) |
Health Insurance Premiums ![]() | 150 PAB (150 USD) | 50 EUR (55.61 USD) |
Health Insurance Deductibles ![]() | 75 PAB (75 USD) | 100 EUR (111.21 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 1.50 times more for Health and Medical Treatment.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Cosmetic Procedures ![]() | 200 PAB (200 USD) | 100 EUR (111.21 USD) |
Spa Treatment ![]() | 75 PAB (75 USD) | 50 EUR (55.61 USD) |
Manicure Pedicure Cost ![]() | 30 PAB (30 USD) | 20 EUR (22.24 USD) |
Optical Glasses Cost ![]() | 80 PAB (80 USD) | 150 EUR (166.82 USD) |
Contact Lenses Cost ![]() | 40 PAB (40 USD) | 50 EUR (55.61 USD) |
Haircuts ![]() | 15 PAB (15 USD) | 10 EUR (11.12 USD) |
Hair Coloring ![]() | 40 PAB (40 USD) | 20 EUR (22.24 USD) |
Shampoo Price ![]() | 5 PAB (5 USD) | 2.50 EUR (2.78 USD) |
Toothpaste Price ![]() | 2 PAB (2 USD) | 2 EUR (2.22 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 1.08 times more for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 80 PAB (80 USD) | 80 EUR (88.97 USD) |
Men's Shirt ![]() | 25 PAB (25 USD) | 25 EUR (27.80 USD) |
Women's Dress ![]() | 40 PAB (40 USD) | 50 EUR (55.61 USD) |
Summer Dress ![]() | 30 PAB (30 USD) | 40 EUR (44.48 USD) |
Men's Suit ![]() | 100 PAB (100 USD) | 150 EUR (166.82 USD) |
Men's Jeans ![]() | 40 PAB (40 USD) | 50 EUR (55.61 USD) |
Women's Jeans ![]() | 30 PAB (30 USD) | 50 EUR (55.61 USD) |
Men's Formal Shoes ![]() | 80 PAB (80 USD) | 100 EUR (111.21 USD) |
Women's Formal Shoes ![]() | 80 PAB (80 USD) | 80 EUR (88.97 USD) |
Men's Casual Shoes ![]() | 50 PAB (50 USD) | 60 EUR (66.73 USD) |
Women's Casual Shoes ![]() | 50 PAB (50 USD) | 60 EUR (66.73 USD) |
Underwear For Men ![]() | 8 PAB (8 USD) | 5 EUR (5.56 USD) |
Underwear For Women ![]() | 12 PAB (12 USD) | 5 EUR (5.56 USD) |
Socks For Men ![]() | 3 PAB (3 USD) | 2 EUR (2.22 USD) |
Socks For Women ![]() | 3 PAB (3 USD) | 2 EUR (2.22 USD) |
Wintercoat for Adults ![]() | 80 PAB (80 USD) | 100 EUR (111.21 USD) |
Sportswear ![]() | 40 PAB (40 USD) | 40 EUR (44.48 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 1.33 times less for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Children's Jeans ![]() | 20 PAB (20 USD) | 30 EUR (33.36 USD) |
Children's Normal Sneakers ![]() | 30 PAB (30 USD) | 40 EUR (44.48 USD) |
Children's Winter Coat ![]() | 40 PAB (40 USD) | 50 EUR (55.61 USD) |
Daycare for Infant ![]() | 200 PAB (200 USD) | 300 EUR (333.63 USD) |
Daycare for Toddler ![]() | 150 PAB (150 USD) | 250 EUR (278.03 USD) |
Childcare for Sick Days ![]() | 30 PAB (30 USD) | 30 EUR (33.36 USD) |
Early Childhood Education Programs ![]() | 150 PAB (150 USD) | 400 EUR (444.84 USD) |
Extra Curricular Activities ![]() | 100 PAB (100 USD) | 40 EUR (44.48 USD) |
Summer Camp for Kids ![]() | 150 PAB (150 USD) | 300 EUR (333.63 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 1.84 times less for Childcare and kids clothing.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
PreSchool Fees ![]() | 250 PAB (250 USD) | 350 EUR (389.24 USD) |
Primary School Fees ![]() | 400 PAB (400 USD) | 500 EUR (556.05 USD) |
Secondary School Fees ![]() | 600 PAB (600 USD) | 600 EUR (667.26 USD) |
Private School Fees ![]() | 1,000 PAB (1,000 USD) | 1,000 EUR (1,112.10 USD) |
University Tuition Fees ![]() | 2,500 PAB (2,500 USD) | 2,000 EUR (2,224.20 USD) |
University Private Tuition Fees ![]() | 3,500 PAB (3,500 USD) | 3,000 EUR (3,336.30 USD) |
After School Activities ![]() | 75 PAB (75 USD) | 50 EUR (55.61 USD) |
Special Education Services ![]() | 200 PAB (200 USD) | 300 EUR (333.63 USD) |
Tutoring ![]() | 30 PAB (30 USD) | 30 EUR (33.36 USD) |
Textbooks Cost ![]() | 50 PAB (50 USD) | 50 EUR (55.61 USD) |
School Supplies ![]() | 30 PAB (30 USD) | 20 EUR (22.24 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 1.02 times less for school and education.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 8 PAB (8 USD) | 6 EUR (6.67 USD) |
Theater Ticket (Single) ![]() | 15 PAB (15 USD) | 15 EUR (16.68 USD) |
Concert Ticket (Single) ![]() | 25 PAB (25 USD) | 30 EUR (33.36 USD) |
Sports Event Ticket (Single) ![]() | 15 PAB (15 USD) | 20 EUR (22.24 USD) |
Gym Membership ![]() | 40 PAB (40 USD) | 25 EUR (27.80 USD) |
Swimming Pool Access ![]() | 25 PAB (25 USD) | 5 EUR (5.56 USD) |
Museum Entry Ticket ![]() | 8 PAB (8 USD) | 4 EUR (4.45 USD) |
Zoo Entry Ticket ![]() | 12 PAB (12 USD) | 6 EUR (6.67 USD) |
Amusement Park Entry Ticket ![]() | 20 PAB (20 USD) | 10 EUR (11.12 USD) |
Bowling ![]() | 15 PAB (15 USD) | 5 EUR (5.56 USD) |
Mini Golf ![]() | 12 PAB (12 USD) | 3 EUR (3.34 USD) |
Video Games ![]() | 40 PAB (40 USD) | 40 EUR (44.48 USD) |
Streaming Services ![]() | 12 PAB (12 USD) | 10 EUR (11.12 USD) |
Outdoor Equipment Rental ![]() | 15 PAB (15 USD) | 20 EUR (22.24 USD) |
Theme Park Annual Pass ![]() | 500 PAB (500 USD) | 50 EUR (55.61 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 2.75 times more for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Language Classes ![]() | 150 PAB (150 USD) | 200 EUR (222.42 USD) |
Parenting Classes ![]() | 150 PAB (150 USD) | 100 EUR (111.21 USD) |
Art Classes ![]() | 25 PAB (25 USD) | 12 EUR (13.35 USD) |
Fitness Classes ![]() | 25 PAB (25 USD) | 10 EUR (11.12 USD) |
Music Lessons ![]() | 30 PAB (30 USD) | 15 EUR (16.68 USD) |
Dance Lessons ![]() | 30 PAB (30 USD) | 20 EUR (22.24 USD) |
Reading Materials for Classes ![]() | 8 PAB (8 USD) | 5 EUR (5.56 USD) |
Educational Software ![]() | 150 PAB (150 USD) | 50 EUR (55.61 USD) |
If you lived in Panama, instead of Slovakia, you would have to pay 1.24 times more for Private Classes.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 1,500 PAB (1,500 USD) | 1,500 EUR (1,668.15 USD) |
Average Net Monthly Salary ![]() | 1,200 PAB (1,200 USD) | 1,200 EUR (1,334.52 USD) |
Minimum Wages ![]() | 20 PAB per hour (20 USD) | 21.67 EUR per hour (24.10 USD) |
Average Bonus ![]() | 150 PAB (150 USD) | 500 EUR (556.05 USD) |
Income Tax Rate ![]() | 0 to 7 % | 0 to 20 % |
Social Security Contributions ![]() | 9 % | 13.4 % |
Pension Contributions ![]() | 10 % | 18 % |
Cost of Living Index ![]() | 50 | 44 |
Median Household Income ![]() | 1,200 PAB (1,200 USD) | 1,300 EUR (1,445.73 USD) |
If you lived in Panama, you would earn 1.24 times less salary as compared to Slovakia.
![]() Indicators ![]() | ![]() Panama ![]() | ![]() Slovakia ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 100 PAB (100 USD) | 50 EUR (55.61 USD) |
Accounting Services Per Hour Rate ![]() | 80 PAB (80 USD) | 30 EUR (33.36 USD) |
IT Support Services Per Hour Rate ![]() | 80 PAB (80 USD) | 25 EUR (27.80 USD) |
Technician Services Per Hour Rate ![]() | 60 PAB (60 USD) | 20 EUR (22.24 USD) |
Professional Services cost 2.30 times more in Panama, as compared to Slovakia.
We hope you enjoyed the detailed guide on the cost of living comparsion between Panama and Slovakia.
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