Published: Monday, 21th October 2024
The cost of living in Panama is 2.62 times less expensive as compared to United States.
On this page, you will find side-by-side cost comparison between Panama and United States. 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 United States.
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Indicators | Panama | United States |
---|---|---|
1 BHK Apartment in City Center | 1,200 PAB (1,200 USD) | 2,500 USD |
2 BHK Apartment in City Center | 2,000 PAB (2,000 USD) | 3,500 USD |
3 BHK Apartment in City Center | 3,000 PAB (3,000 USD) | 4,500 USD |
1 BHK Apartment outside City Center | 800 PAB (800 USD) | 1,800 USD |
2 BHK Apartment outside City Center | 1,200 PAB (1,200 USD) | 2,500 USD |
3 BHK Apartment outside City Center | 1,800 PAB (1,800 USD) | 3,200 USD |
Mortgage Rates Per Month | 1.3 % | 3.5 % |
Realtor Commission | 5 % | 2.5 % |
Property Taxes | 0.6 to 1.0 % | 0.5 to 2.5 % |
The average housing cost in Panama is 1.80 times less expensive than United States.
Indicators | Panama | United States |
---|---|---|
Basic Home Furnishing | 3,000 PAB (3,000 USD) | 3,000 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) | 80 USD |
Water Supply Cost Per Month | 60 PAB (60 USD) | 50 USD |
If you lived in Panama, instead of United States, you would have to pay 0.29% less for Utilities.
The basic home furnishing in Panama costs 1.00 times less compared to United States.
Indicators | Panama | United States |
---|---|---|
Standard Wifi Cost Per Month | 70 PAB (70 USD) | 60 USD |
Mobile Phone Basic Plan Cost Per Month | 50 PAB (50 USD) | 50 USD |
Landline Basic Plan Cost Per Month | 30 PAB (30 USD) | 30 USD |
Cable TV Basic Plan Cost Per Month | 80 PAB (80 USD) | 100 USD |
The internet and communication costs 4.17% less in Panama compared to United States.
Indicators | Panama | United States |
---|---|---|
Long Grain Rice (1 KG) | 2 PAB (2 USD) | 4 USD |
Milk (1 Liter) | 1.50 PAB (1.50 USD) | 1 USD |
Water (1 Liter) | 0.50 PAB (0.50 USD) | 1 USD |
Bread (500 gm) | 1 PAB (1 USD) | 2 USD |
Eggs (1 Dozen) | 3 PAB (3 USD) | 3 USD |
Cheese (1 KG) | 5 PAB (5 USD) | 6 USD |
Chicken Breast (1 KG) | 7 PAB (7 USD) | 10 USD |
In Panama, the cost of 1 Liter Water and 1 Liter Milk is 1.00 times less expensive than the cost in United States.
If you lived in Panama, instead of United States, you would have to pay 25.93% less for Groceries.
Indicators | Panama | United States |
---|---|---|
Apples (1 KG) | 3 PAB (3 USD) | 3 USD |
Bananas (1 KG) | 1.50 PAB (1.50 USD) | 1.50 USD |
Oranges (1 KG) | 2 PAB (2 USD) | 2.50 USD |
Tomatoes (1 KG) | 2 PAB (2 USD) | 3 USD |
Potatoes (1 KG) | 1 PAB (1 USD) | 2 USD |
Lemons (1 KG) | 2.50 PAB (2.50 USD) | 2.50 USD |
Onions (1 KG) | 1.50 PAB (1.50 USD) | 2 USD |
Lentils (1 KG) | 2.50 PAB (2.50 USD) | 4 USD |
If you lived in Panama, instead of United States, you would have to pay 1.28 times less for Fruits and Vegetables.
Indicators | Panama | United States |
---|---|---|
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) | 4 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) | 20 USD |
Cigarette Pack of 20 | 6 PAB (6 USD) | 8 USD |
Dining-Out costs 41.61% less in Panama compared to United States.
Indicators | Panama | United States |
---|---|---|
Wine Mid-Range Bottle | 15 PAB (15 USD) | 15 USD |
Glass of Wine | 6 PAB (6 USD) | 8 USD |
Domestic Beer Half Liter | 2.50 PAB (2.50 USD) | 3 USD |
Imported Beer Half Liter | 4 PAB (4 USD) | 4 USD |
Domestic Alcohol 1 Liter | 15 PAB (15 USD) | 20 USD |
Branded Alcohol 1 Liter | 25 PAB (25 USD) | 30 USD |
If you lived in Panama, instead of United States, you would have to pay 1.19 times less for usual hard drinks.
Indicators | Panama | United States |
---|---|---|
Monthly Public Transportation Pass | 50 PAB (50 USD) | 120 USD |
Single Public Transportation Ticket | 1.50 PAB (1.50 USD) | 2.50 USD |
Single Train Ticket | Yet to Update () | 100 USD |
Domestic Airplane Ticket | 100 PAB (100 USD) | 200 USD |
Taxi Start Fare | 3 PAB (3 USD) | 3 USD |
Taxi Rate Per Kilometer | 1.50 PAB (1.50 USD) | 2 USD |
Car Rental Per Day | 30 PAB (30 USD) | 50 USD |
Parking Fees in City Center Per Hour | 2 PAB (2 USD) | 5 USD |
Parking Fees outside City Center Per Hour | 1 PAB (1 USD) | 2 USD |
If you lived in Panama, instead of United States, you would have to pay 2.56 times less for transportation.
Indicators | Panama | United States |
---|---|---|
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) | 50 USD |
Car Insurance Cost | 400 PAB (400 USD) | 800 USD |
Car Maintenance Cost | 150 PAB (150 USD) | 200 USD |
Car Loan Interest Rates | 6 % | 4 % |
Fuel Per Liter | 1.20 PAB (1.20 USD) | 1 USD |
Fuel Per Gallon | 4.50 PAB (4.50 USD) | 4 USD |
Average Toll Fees | 5 PAB 5 USD | Yet to Update |
You would have to pay 1.67 times less for Vehicle purchase, daily operation and maintenance in Panama compared to that of United States.
Indicators | Panama | United States |
---|---|---|
Doctor Visit | 50 PAB (50 USD) | 150 USD |
Specialist Visit | 100 PAB (100 USD) | 250 USD |
Dentist Visit | 70 PAB (70 USD) | 100 USD |
Eye Exam | 50 PAB (50 USD) | 80 USD |
Mental Health Counseling | 100 PAB (100 USD) | 150 USD |
Preventive Health Screening | 50 PAB (50 USD) | 80 USD |
Physical Therapy | 75 PAB (75 USD) | 100 USD |
Emergency Room Visit | 300 PAB (300 USD) | 500 USD |
Hospital Stay Per Night | 150 PAB (150 USD) | 400 USD |
Vaccinations | 30 PAB (30 USD) | 40 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) | 300 USD |
Health Insurance Deductibles | 75 PAB (75 USD) | 500 USD |
If you lived in Panama, instead of United States, you would have to pay 2.18 times less for Health and Medical Treatment.
Indicators | Panama | United States |
---|---|---|
Cosmetic Procedures | 200 PAB (200 USD) | 300 USD |
Spa Treatment | 75 PAB (75 USD) | 150 USD |
Manicure Pedicure Cost | 30 PAB (30 USD) | 40 USD |
Optical Glasses Cost | 80 PAB (80 USD) | 150 USD |
Contact Lenses Cost | 40 PAB (40 USD) | 100 USD |
Haircuts | 15 PAB (15 USD) | 25 USD |
Hair Coloring | 40 PAB (40 USD) | 75 USD |
Shampoo Price | 5 PAB (5 USD) | 5 USD |
Toothpaste Price | 2 PAB (2 USD) | 3 USD |
If you lived in Panama, instead of United States, you would have to pay 1.74 times less for Personal Care Items and Treatment.
Indicators | Panama | United States |
---|---|---|
Pair of Nike Running Shoes | 80 PAB (80 USD) | 100 USD |
Men's Shirt | 25 PAB (25 USD) | 40 USD |
Women's Dress | 40 PAB (40 USD) | 80 USD |
Summer Dress | 30 PAB (30 USD) | 50 USD |
Men's Suit | 100 PAB (100 USD) | 500 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) | 80 USD |
Men's Casual Shoes | 50 PAB (50 USD) | 70 USD |
Women's Casual Shoes | 50 PAB (50 USD) | 60 USD |
Underwear For Men | 8 PAB (8 USD) | 20 USD |
Underwear For Women | 12 PAB (12 USD) | 20 USD |
Socks For Men | 3 PAB (3 USD) | 10 USD |
Socks For Women | 3 PAB (3 USD) | 10 USD |
Wintercoat for Adults | 80 PAB (80 USD) | 100 USD |
Sportswear | 40 PAB (40 USD) | 60 USD |
If you lived in Panama, instead of United States, you would have to pay 1.89 times less for Clothing and Footwear for Adults.
Indicators | Panama | United States |
---|---|---|
Children's Jeans | 20 PAB (20 USD) | 30 USD |
Children's Normal Sneakers | 30 PAB (30 USD) | 40 USD |
Children's Winter Coat | 40 PAB (40 USD) | 60 USD |
Daycare for Infant | 200 PAB (200 USD) | 1,500 USD |
Daycare for Toddler | 150 PAB (150 USD) | 1,200 USD |
Childcare for Sick Days | 30 PAB (30 USD) | 40 USD |
Early Childhood Education Programs | 150 PAB (150 USD) | 600 USD |
Extra Curricular Activities | 100 PAB (100 USD) | 60 USD |
Summer Camp for Kids | 150 PAB (150 USD) | 300 USD |
If you lived in Panama, instead of United States, you would have to pay 4.40 times less for Childcare and kids clothing.
Indicators | Panama | United States |
---|---|---|
PreSchool Fees | 250 PAB (250 USD) | 1,800 USD |
Primary School Fees | 400 PAB (400 USD) | 4,000 USD |
Secondary School Fees | 600 PAB (600 USD) | 6,000 USD |
Private School Fees | 1,000 PAB (1,000 USD) | 8,000 USD |
University Tuition Fees | 2,500 PAB (2,500 USD) | 10,000 USD |
University Private Tuition Fees | 3,500 PAB (3,500 USD) | 20,000 USD |
After School Activities | 75 PAB (75 USD) | 150 USD |
Special Education Services | 200 PAB (200 USD) | 150 USD |
Tutoring | 30 PAB (30 USD) | 50 USD |
Textbooks Cost | 50 PAB (50 USD) | 40 USD |
School Supplies | 30 PAB (30 USD) | 30 USD |
If you lived in Panama, instead of United States, you would have to pay 5.82 times less for school and education.
Indicators | Panama | United States |
---|---|---|
Movie Ticket (Single) | 8 PAB (8 USD) | 15 USD |
Theater Ticket (Single) | 15 PAB (15 USD) | 50 USD |
Concert Ticket (Single) | 25 PAB (25 USD) | 60 USD |
Sports Event Ticket (Single) | 15 PAB (15 USD) | 50 USD |
Gym Membership | 40 PAB (40 USD) | 60 USD |
Swimming Pool Access | 25 PAB (25 USD) | 40 USD |
Museum Entry Ticket | 8 PAB (8 USD) | 15 USD |
Zoo Entry Ticket | 12 PAB (12 USD) | 25 USD |
Amusement Park Entry Ticket | 20 PAB (20 USD) | 50 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) | 25 USD |
Theme Park Annual Pass | 500 PAB (500 USD) | 400 USD |
If you lived in Panama, instead of United States, you would have to pay 1.17 times less for entertainment, recreation and fun activities.
Indicators | Panama | United States |
---|---|---|
Language Classes | 150 PAB (150 USD) | 40 USD |
Parenting Classes | 150 PAB (150 USD) | 60 USD |
Art Classes | 25 PAB (25 USD) | 30 USD |
Fitness Classes | 25 PAB (25 USD) | 20 USD |
Music Lessons | 30 PAB (30 USD) | 50 USD |
Dance Lessons | 30 PAB (30 USD) | 40 USD |
Reading Materials for Classes | 8 PAB (8 USD) | 10 USD |
Educational Software | 150 PAB (150 USD) | 30 USD |
If you lived in Panama, instead of United States, you would have to pay 2.03 times more for Private Classes.
Indicators | Panama | United States |
---|---|---|
Average Gross Monthly Salary | 1,500 PAB (1,500 USD) | 5,000 USD |
Average Net Monthly Salary | 1,200 PAB (1,200 USD) | 3,800 USD |
Minimum Wages | 20 PAB per hour (20 USD) | 60 USD per hour |
Average Bonus | 150 PAB (150 USD) | 1,000 USD |
Income Tax Rate | 0 to 7 % | 0 to 10 % |
Social Security Contributions | 9 % | 6.2 % |
Pension Contributions | 10 % | 4 % |
Cost of Living Index | 50 | 10 |
Median Household Income | 1,200 PAB (1,200 USD) | 5,000 USD |
If you lived in Panama, you would earn 3.65 times less salary as compared to United States.
Indicators | Panama | United States |
---|---|---|
Legal Consultation Per Hour Rate | 100 PAB (100 USD) | 250 USD |
Accounting Services Per Hour Rate | 80 PAB (80 USD) | 200 USD |
IT Support Services Per Hour Rate | 80 PAB (80 USD) | 150 USD |
Technician Services Per Hour Rate | 60 PAB (60 USD) | 100 USD |
Professional Services cost 2.19 times less in Panama, as compared to United States.
We hope you enjoyed the detailed guide on the cost of living comparsion between Panama and United States.
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