Published: Monday, 21th October 2024
The cost of living in Panama is 1.49 times more expensive as compared to Trinidad and Tobago.
On this page, you will find side-by-side cost comparison between Panama and Trinidad and Tobago. 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 Trinidad and Tobago.
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Indicators | Panama | Trinidad and Tobago |
---|---|---|
1 BHK Apartment in City Center | 1,200 PAB (1,200 USD) | 3,500 TTD (514.50 USD) |
2 BHK Apartment in City Center | 2,000 PAB (2,000 USD) | 5,500 TTD (808.50 USD) |
3 BHK Apartment in City Center | 3,000 PAB (3,000 USD) | 8,000 TTD (1,176 USD) |
1 BHK Apartment outside City Center | 800 PAB (800 USD) | 2,500 TTD (367.50 USD) |
2 BHK Apartment outside City Center | 1,200 PAB (1,200 USD) | 4,000 TTD (588 USD) |
3 BHK Apartment outside City Center | 1,800 PAB (1,800 USD) | 6,000 TTD (882 USD) |
Mortgage Rates Per Month | 1.3 % | 6 % |
Realtor Commission | 5 % | 3 % |
Property Taxes | 0.6 to 1.0 % | 0.5 to 3.0 % |
The average housing cost in Panama is 2.36 times more expensive than Trinidad and Tobago.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Basic Home Furnishing | 3,000 PAB (3,000 USD) | 20,000 TTD (2,940 USD) |
Electricity Cost Per Month | 150 PAB (150 USD) | 200 TTD (29.40 USD) |
Heating Cost Per Month | 100 PAB (100 USD) | 150 TTD (22.05 USD) |
Cooling Cost Per Month | 80 PAB (80 USD) | 200 TTD (29.40 USD) |
Water Supply Cost Per Month | 60 PAB (60 USD) | 100 TTD (14.70 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 11.68% more for Utilities.
The basic home furnishing in Panama costs 1.02 times more compared to Trinidad and Tobago.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Standard Wifi Cost Per Month | 70 PAB (70 USD) | 150 TTD (22.05 USD) |
Mobile Phone Basic Plan Cost Per Month | 50 PAB (50 USD) | 80 TTD (11.76 USD) |
Landline Basic Plan Cost Per Month | 30 PAB (30 USD) | 50 TTD (7.35 USD) |
Cable TV Basic Plan Cost Per Month | 80 PAB (80 USD) | 200 TTD (29.40 USD) |
The internet and communication costs 225.96% more in Panama compared to Trinidad and Tobago.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Long Grain Rice (1 KG) | 2 PAB (2 USD) | 12 TTD (1.76 USD) |
Milk (1 Liter) | 1.50 PAB (1.50 USD) | 10 TTD (1.47 USD) |
Water (1 Liter) | 0.50 PAB (0.50 USD) | 2 TTD (0.29 USD) |
Bread (500 gm) | 1 PAB (1 USD) | 6 TTD (0.88 USD) |
Eggs (1 Dozen) | 3 PAB (3 USD) | 20 TTD (2.94 USD) |
Cheese (1 KG) | 5 PAB (5 USD) | 40 TTD (5.88 USD) |
Chicken Breast (1 KG) | 7 PAB (7 USD) | 35 TTD (5.14 USD) |
In Panama, the cost of 1 Liter Water and 1 Liter Milk is 1.13 times more expensive than the cost in Trinidad and Tobago.
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 8.84% more for Groceries.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Apples (1 KG) | 3 PAB (3 USD) | 15 TTD (2.21 USD) |
Bananas (1 KG) | 1.50 PAB (1.50 USD) | 10 TTD (1.47 USD) |
Oranges (1 KG) | 2 PAB (2 USD) | 12 TTD (1.76 USD) |
Tomatoes (1 KG) | 2 PAB (2 USD) | 8 TTD (1.18 USD) |
Potatoes (1 KG) | 1 PAB (1 USD) | 10 TTD (1.47 USD) |
Lemons (1 KG) | 2.50 PAB (2.50 USD) | 15 TTD (2.21 USD) |
Onions (1 KG) | 1.50 PAB (1.50 USD) | 12 TTD (1.76 USD) |
Lentils (1 KG) | 2.50 PAB (2.50 USD) | 15 TTD (2.21 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 1.12 times more for Fruits and Vegetables.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Meal at a Resonable Restaurant | 12 PAB (12 USD) | 80 TTD (11.76 USD) |
Three-Course Meal for Two | 30 PAB (30 USD) | 300 TTD (44.10 USD) |
Fast Food Combo Meal | 6 PAB (6 USD) | 40 TTD (5.88 USD) |
Normal Coffee | 2.50 PAB (2.50 USD) | 15 TTD (2.21 USD) |
Soft Drink | 1.50 PAB (1.50 USD) | 8 TTD (1.18 USD) |
Pizza for One | 12 PAB (12 USD) | 60 TTD (8.82 USD) |
Take-Out Delivery Meal | 10 PAB (10 USD) | 50 TTD (7.35 USD) |
Cigarette Pack of 20 | 6 PAB (6 USD) | 25 TTD (3.67 USD) |
Dining-Out costs 5.84% less in Panama compared to Trinidad and Tobago.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Wine Mid-Range Bottle | 15 PAB (15 USD) | 120 TTD (17.64 USD) |
Glass of Wine | 6 PAB (6 USD) | 30 TTD (4.41 USD) |
Domestic Beer Half Liter | 2.50 PAB (2.50 USD) | 15 TTD (2.21 USD) |
Imported Beer Half Liter | 4 PAB (4 USD) | 25 TTD (3.67 USD) |
Domestic Alcohol 1 Liter | 15 PAB (15 USD) | 60 TTD (8.82 USD) |
Branded Alcohol 1 Liter | 25 PAB (25 USD) | 100 TTD (14.70 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 1.31 times more for usual hard drinks.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Monthly Public Transportation Pass | 50 PAB (50 USD) | 300 TTD (44.10 USD) |
Single Public Transportation Ticket | 1.50 PAB (1.50 USD) | 5 TTD (0.73 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 100 PAB (100 USD) | 500 TTD (73.50 USD) |
Taxi Start Fare | 3 PAB (3 USD) | 20 TTD (2.94 USD) |
Taxi Rate Per Kilometer | 1.50 PAB (1.50 USD) | 10 TTD (1.47 USD) |
Car Rental Per Day | 30 PAB (30 USD) | 200 TTD (29.40 USD) |
Parking Fees in City Center Per Hour | 2 PAB (2 USD) | 20 TTD (2.94 USD) |
Parking Fees outside City Center Per Hour | 1 PAB (1 USD) | 10 TTD (1.47 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 1.21 times more for transportation.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Reasonable Vehicle Purchase Cost | 15,000 PAB (15,000 USD) | 100,000 TTD (14,700 USD) |
Vehicle Registration Cost | 80 PAB (80 USD) | 200 TTD (29.40 USD) |
Driving License Fees | 50 PAB (50 USD) | 200 TTD (29.40 USD) |
Car Insurance Cost | 400 PAB (400 USD) | 1,200 TTD (176.40 USD) |
Car Maintenance Cost | 150 PAB (150 USD) | 400 TTD (58.80 USD) |
Car Loan Interest Rates | 6 % | 7 % |
Fuel Per Liter | 1.20 PAB (1.20 USD) | 7 TTD (1.03 USD) |
Fuel Per Gallon | 4.50 PAB (4.50 USD) | 30 TTD (4.41 USD) |
Average Toll Fees | 5 PAB 5 USD | Yet to Update |
You would have to pay 1.05 times more for Vehicle purchase, daily operation and maintenance in Panama compared to that of Trinidad and Tobago.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Doctor Visit | 50 PAB (50 USD) | 150 TTD (22.05 USD) |
Specialist Visit | 100 PAB (100 USD) | 300 TTD (44.10 USD) |
Dentist Visit | 70 PAB (70 USD) | 200 TTD (29.40 USD) |
Eye Exam | 50 PAB (50 USD) | 50 TTD (7.35 USD) |
Mental Health Counseling | 100 PAB (100 USD) | 200 TTD (29.40 USD) |
Preventive Health Screening | 50 PAB (50 USD) | 50 TTD (7.35 USD) |
Physical Therapy | 75 PAB (75 USD) | 150 TTD (22.05 USD) |
Emergency Room Visit | 300 PAB (300 USD) | 300 TTD (44.10 USD) |
Hospital Stay Per Night | 150 PAB (150 USD) | 800 TTD (117.60 USD) |
Vaccinations | 30 PAB (30 USD) | 20 TTD (2.94 USD) |
Prescription Medication | 20 PAB (20 USD) | 20 TTD (2.94 USD) |
Over the Counter Medication | 10 PAB (10 USD) | 10 TTD (1.47 USD) |
Health Insurance Premiums | 150 PAB (150 USD) | 500 TTD (73.50 USD) |
Health Insurance Deductibles | 75 PAB (75 USD) | 1,000 TTD (147 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 2.23 times more for Health and Medical Treatment.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Cosmetic Procedures | 200 PAB (200 USD) | 1,000 TTD (147 USD) |
Spa Treatment | 75 PAB (75 USD) | 300 TTD (44.10 USD) |
Manicure Pedicure Cost | 30 PAB (30 USD) | 100 TTD (14.70 USD) |
Optical Glasses Cost | 80 PAB (80 USD) | 200 TTD (29.40 USD) |
Contact Lenses Cost | 40 PAB (40 USD) | 100 TTD (14.70 USD) |
Haircuts | 15 PAB (15 USD) | 50 TTD (7.35 USD) |
Hair Coloring | 40 PAB (40 USD) | 150 TTD (22.05 USD) |
Shampoo Price | 5 PAB (5 USD) | 15 TTD (2.21 USD) |
Toothpaste Price | 2 PAB (2 USD) | 5 TTD (0.73 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 1.73 times more for Personal Care Items and Treatment.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Pair of Nike Running Shoes | 80 PAB (80 USD) | 600 TTD (88.20 USD) |
Men's Shirt | 25 PAB (25 USD) | 150 TTD (22.05 USD) |
Women's Dress | 40 PAB (40 USD) | 200 TTD (29.40 USD) |
Summer Dress | 30 PAB (30 USD) | 100 TTD (14.70 USD) |
Men's Suit | 100 PAB (100 USD) | 1,000 TTD (147 USD) |
Men's Jeans | 40 PAB (40 USD) | 200 TTD (29.40 USD) |
Women's Jeans | 30 PAB (30 USD) | 150 TTD (22.05 USD) |
Men's Formal Shoes | 80 PAB (80 USD) | 200 TTD (29.40 USD) |
Women's Formal Shoes | 80 PAB (80 USD) | 200 TTD (29.40 USD) |
Men's Casual Shoes | 50 PAB (50 USD) | 150 TTD (22.05 USD) |
Women's Casual Shoes | 50 PAB (50 USD) | 150 TTD (22.05 USD) |
Underwear For Men | 8 PAB (8 USD) | 20 TTD (2.94 USD) |
Underwear For Women | 12 PAB (12 USD) | 20 TTD (2.94 USD) |
Socks For Men | 3 PAB (3 USD) | 10 TTD (1.47 USD) |
Socks For Women | 3 PAB (3 USD) | 10 TTD (1.47 USD) |
Wintercoat for Adults | 80 PAB (80 USD) | 200 TTD (29.40 USD) |
Sportswear | 40 PAB (40 USD) | 100 TTD (14.70 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 1.48 times more for Clothing and Footwear for Adults.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Children's Jeans | 20 PAB (20 USD) | 50 TTD (7.35 USD) |
Children's Normal Sneakers | 30 PAB (30 USD) | 75 TTD (11.02 USD) |
Children's Winter Coat | 40 PAB (40 USD) | 100 TTD (14.70 USD) |
Daycare for Infant | 200 PAB (200 USD) | 1,000 TTD (147 USD) |
Daycare for Toddler | 150 PAB (150 USD) | 800 TTD (117.60 USD) |
Childcare for Sick Days | 30 PAB (30 USD) | 200 TTD (29.40 USD) |
Early Childhood Education Programs | 150 PAB (150 USD) | 800 TTD (117.60 USD) |
Extra Curricular Activities | 100 PAB (100 USD) | 400 TTD (58.80 USD) |
Summer Camp for Kids | 150 PAB (150 USD) | 500 TTD (73.50 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 1.51 times more for Childcare and kids clothing.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
PreSchool Fees | 250 PAB (250 USD) | 1,200 TTD (176.40 USD) |
Primary School Fees | 400 PAB (400 USD) | 1,500 TTD (220.50 USD) |
Secondary School Fees | 600 PAB (600 USD) | 2,000 TTD (294 USD) |
Private School Fees | 1,000 PAB (1,000 USD) | 3,000 TTD (441 USD) |
University Tuition Fees | 2,500 PAB (2,500 USD) | 6,000 TTD (882 USD) |
University Private Tuition Fees | 3,500 PAB (3,500 USD) | 10,000 TTD (1,470 USD) |
After School Activities | 75 PAB (75 USD) | 400 TTD (58.80 USD) |
Special Education Services | 200 PAB (200 USD) | 500 TTD (73.50 USD) |
Tutoring | 30 PAB (30 USD) | 300 TTD (44.10 USD) |
Textbooks Cost | 50 PAB (50 USD) | 150 TTD (22.05 USD) |
School Supplies | 30 PAB (30 USD) | 100 TTD (14.70 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 2.34 times more for school and education.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Movie Ticket (Single) | 8 PAB (8 USD) | 40 TTD (5.88 USD) |
Theater Ticket (Single) | 15 PAB (15 USD) | 80 TTD (11.76 USD) |
Concert Ticket (Single) | 25 PAB (25 USD) | 100 TTD (14.70 USD) |
Sports Event Ticket (Single) | 15 PAB (15 USD) | 60 TTD (8.82 USD) |
Gym Membership | 40 PAB (40 USD) | 200 TTD (29.40 USD) |
Swimming Pool Access | 25 PAB (25 USD) | 100 TTD (14.70 USD) |
Museum Entry Ticket | 8 PAB (8 USD) | 20 TTD (2.94 USD) |
Zoo Entry Ticket | 12 PAB (12 USD) | 30 TTD (4.41 USD) |
Amusement Park Entry Ticket | 20 PAB (20 USD) | 60 TTD (8.82 USD) |
Bowling | 15 PAB (15 USD) | 50 TTD (7.35 USD) |
Mini Golf | 12 PAB (12 USD) | 60 TTD (8.82 USD) |
Video Games | 40 PAB (40 USD) | 200 TTD (29.40 USD) |
Streaming Services | 12 PAB (12 USD) | 50 TTD (7.35 USD) |
Outdoor Equipment Rental | 15 PAB (15 USD) | 100 TTD (14.70 USD) |
Theme Park Annual Pass | 500 PAB (500 USD) | 1,000 TTD (147 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 2.41 times more for entertainment, recreation and fun activities.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Language Classes | 150 PAB (150 USD) | 300 TTD (44.10 USD) |
Parenting Classes | 150 PAB (150 USD) | 300 TTD (44.10 USD) |
Art Classes | 25 PAB (25 USD) | 100 TTD (14.70 USD) |
Fitness Classes | 25 PAB (25 USD) | 100 TTD (14.70 USD) |
Music Lessons | 30 PAB (30 USD) | 200 TTD (29.40 USD) |
Dance Lessons | 30 PAB (30 USD) | 150 TTD (22.05 USD) |
Reading Materials for Classes | 8 PAB (8 USD) | 20 TTD (2.94 USD) |
Educational Software | 150 PAB (150 USD) | 200 TTD (29.40 USD) |
If you lived in Panama, instead of Trinidad and Tobago, you would have to pay 2.82 times more for Private Classes.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Average Gross Monthly Salary | 1,500 PAB (1,500 USD) | 8,000 TTD (1,176 USD) |
Average Net Monthly Salary | 1,200 PAB (1,200 USD) | 6,000 TTD (882 USD) |
Minimum Wages | 20 PAB per hour (20 USD) | 83.33 TTD per hour (12.25 USD) |
Average Bonus | 150 PAB (150 USD) | 500 TTD (73.50 USD) |
Income Tax Rate | 0 to 7 % | 0 to 12.5 % |
Social Security Contributions | 9 % | 12 % |
Pension Contributions | 10 % | 7 % |
Cost of Living Index | 50 | 55 |
Median Household Income | 1,200 PAB (1,200 USD) | 5,000 TTD (735 USD) |
If you lived in Panama, you would earn 1.41 times more salary as compared to Trinidad and Tobago.
Indicators | Panama | Trinidad and Tobago |
---|---|---|
Legal Consultation Per Hour Rate | 100 PAB (100 USD) | 300 TTD (44.10 USD) |
Accounting Services Per Hour Rate | 80 PAB (80 USD) | 200 TTD (29.40 USD) |
IT Support Services Per Hour Rate | 80 PAB (80 USD) | 150 TTD (22.05 USD) |
Technician Services Per Hour Rate | 60 PAB (60 USD) | 100 TTD (14.70 USD) |
Professional Services cost 2.90 times more in Panama, as compared to Trinidad and Tobago.
We hope you enjoyed the detailed guide on the cost of living comparsion between Panama and Trinidad and Tobago.
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