Published: Monday, 21th October 2024
The cost of living in Solomon Islands is 1.83 times less expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between Solomon Islands and Panama. 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 Solomon Islands and Panama.
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Indicators | Solomon Islands | Panama |
---|---|---|
1 BHK Apartment in City Center | 3,500 SBD (420 USD) | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center | 5,000 SBD (600 USD) | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center | 7,500 SBD (900 USD) | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center | 2,500 SBD (300 USD) | 800 PAB (800 USD) |
2 BHK Apartment outside City Center | 3,500 SBD (420 USD) | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center | 5,000 SBD (600 USD) | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month | 5 % | 1.3 % |
Realtor Commission | 3 % | 5 % |
Property Taxes | Yet to Update | 0.6 to 1.0 % |
The average housing cost in Solomon Islands is 3.10 times less expensive than Panama.
Indicators | Solomon Islands | Panama |
---|---|---|
Basic Home Furnishing | 12,000 SBD (1,440 USD) | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month | 350 SBD (42 USD) | 150 PAB (150 USD) |
Heating Cost Per Month | 200 SBD (24 USD) | 100 PAB (100 USD) |
Cooling Cost Per Month | 150 SBD (18 USD) | 80 PAB (80 USD) |
Water Supply Cost Per Month | 100 SBD (12 USD) | 60 PAB (60 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 54.69% less for Utilities.
The basic home furnishing in Solomon Islands costs 2.08 times less compared to Panama.
Indicators | Solomon Islands | Panama |
---|---|---|
Standard Wifi Cost Per Month | 150 SBD (18 USD) | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month | 150 SBD (18 USD) | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month | 100 SBD (12 USD) | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month | 200 SBD (24 USD) | 80 PAB (80 USD) |
The internet and communication costs 68.70% less in Solomon Islands compared to Panama.
Indicators | Solomon Islands | Panama |
---|---|---|
Long Grain Rice (1 KG) | 18 SBD (2.16 USD) | 2 PAB (2 USD) |
Milk (1 Liter) | 14 SBD (1.68 USD) | 1.50 PAB (1.50 USD) |
Water (1 Liter) | 4 SBD (0.48 USD) | 0.50 PAB (0.50 USD) |
Bread (500 gm) | 12 SBD (1.44 USD) | 1 PAB (1 USD) |
Eggs (1 Dozen) | 35 SBD (4.20 USD) | 3 PAB (3 USD) |
Cheese (1 KG) | 55 SBD (6.60 USD) | 5 PAB (5 USD) |
Chicken Breast (1 KG) | 50 SBD (6 USD) | 7 PAB (7 USD) |
In Solomon Islands, the cost of 1 Liter Water and 1 Liter Milk is 1.08 times more expensive than the cost in Panama.
If you lived in Solomon Islands, instead of Panama, you would have to pay 12.80% more for Groceries.
Indicators | Solomon Islands | Panama |
---|---|---|
Apples (1 KG) | 20 SBD (2.40 USD) | 3 PAB (3 USD) |
Bananas (1 KG) | 12 SBD (1.44 USD) | 1.50 PAB (1.50 USD) |
Oranges (1 KG) | 22 SBD (2.64 USD) | 2 PAB (2 USD) |
Tomatoes (1 KG) | 18 SBD (2.16 USD) | 2 PAB (2 USD) |
Potatoes (1 KG) | 15 SBD (1.80 USD) | 1 PAB (1 USD) |
Lemons (1 KG) | 25 SBD (3 USD) | 2.50 PAB (2.50 USD) |
Onions (1 KG) | 20 SBD (2.40 USD) | 1.50 PAB (1.50 USD) |
Lentils (1 KG) | 20 SBD (2.40 USD) | 2.50 PAB (2.50 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 1.14 times more for Fruits and Vegetables.
Indicators | Solomon Islands | Panama |
---|---|---|
Meal at a Resonable Restaurant | 150 SBD (18 USD) | 12 PAB (12 USD) |
Three-Course Meal for Two | 500 SBD (60 USD) | 30 PAB (30 USD) |
Fast Food Combo Meal | 120 SBD (14.40 USD) | 6 PAB (6 USD) |
Normal Coffee | 30 SBD (3.60 USD) | 2.50 PAB (2.50 USD) |
Soft Drink | 15 SBD (1.80 USD) | 1.50 PAB (1.50 USD) |
Pizza for One | 150 SBD (18 USD) | 12 PAB (12 USD) |
Take-Out Delivery Meal | 120 SBD (14.40 USD) | 10 PAB (10 USD) |
Cigarette Pack of 20 | 40 SBD (4.80 USD) | 6 PAB (6 USD) |
Dining-Out costs 68.75% more in Solomon Islands compared to Panama.
Indicators | Solomon Islands | Panama |
---|---|---|
Wine Mid-Range Bottle | 200 SBD (24 USD) | 15 PAB (15 USD) |
Glass of Wine | 40 SBD (4.80 USD) | 6 PAB (6 USD) |
Domestic Beer Half Liter | 15 SBD (1.80 USD) | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter | 25 SBD (3 USD) | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter | 70 SBD (8.40 USD) | 15 PAB (15 USD) |
Branded Alcohol 1 Liter | 130 SBD (15.60 USD) | 25 PAB (25 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 1.17 times less for usual hard drinks.
Indicators | Solomon Islands | Panama |
---|---|---|
Monthly Public Transportation Pass | 200 SBD (24 USD) | 50 PAB (50 USD) |
Single Public Transportation Ticket | 15 SBD (1.80 USD) | 1.50 PAB (1.50 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 1,000 SBD (120 USD) | 100 PAB (100 USD) |
Taxi Start Fare | 30 SBD (3.60 USD) | 3 PAB (3 USD) |
Taxi Rate Per Kilometer | 10 SBD (1.20 USD) | 1.50 PAB (1.50 USD) |
Car Rental Per Day | 400 SBD (48 USD) | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour | 50 SBD (6 USD) | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour | 20 SBD (2.40 USD) | 1 PAB (1 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 1.10 times more for transportation.
Indicators | Solomon Islands | Panama |
---|---|---|
Reasonable Vehicle Purchase Cost | 90,000 SBD (10,800 USD) | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost | 200 SBD (24 USD) | 80 PAB (80 USD) |
Driving License Fees | 150 SBD (18 USD) | 50 PAB (50 USD) |
Car Insurance Cost | 600 SBD (72 USD) | 400 PAB (400 USD) |
Car Maintenance Cost | 400 SBD (48 USD) | 150 PAB (150 USD) |
Car Loan Interest Rates | 7 % | 6 % |
Fuel Per Liter | 10 SBD (1.20 USD) | 1.20 PAB (1.20 USD) |
Fuel Per Gallon | 38 SBD (4.56 USD) | 4.50 PAB (4.50 USD) |
Average Toll Fees | 100 SBD 12 USD | 5 PAB 5 USD |
You would have to pay 1.43 times less for Vehicle purchase, daily operation and maintenance in Solomon Islands compared to that of Panama.
Indicators | Solomon Islands | Panama |
---|---|---|
Doctor Visit | 200 SBD (24 USD) | 50 PAB (50 USD) |
Specialist Visit | 350 SBD (42 USD) | 100 PAB (100 USD) |
Dentist Visit | 250 SBD (30 USD) | 70 PAB (70 USD) |
Eye Exam | 150 SBD (18 USD) | 50 PAB (50 USD) |
Mental Health Counseling | 350 SBD (42 USD) | 100 PAB (100 USD) |
Preventive Health Screening | 200 SBD (24 USD) | 50 PAB (50 USD) |
Physical Therapy | 300 SBD (36 USD) | 75 PAB (75 USD) |
Emergency Room Visit | 800 SBD (96 USD) | 300 PAB (300 USD) |
Hospital Stay Per Night | 1,500 SBD (180 USD) | 150 PAB (150 USD) |
Vaccinations | 100 SBD (12 USD) | 30 PAB (30 USD) |
Prescription Medication | 80 SBD (9.60 USD) | 20 PAB (20 USD) |
Over the Counter Medication | 30 SBD (3.60 USD) | 10 PAB (10 USD) |
Health Insurance Premiums | 500 SBD (60 USD) | 150 PAB (150 USD) |
Health Insurance Deductibles | 1,000 SBD (120 USD) | 75 PAB (75 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 1.76 times less for Health and Medical Treatment.
Indicators | Solomon Islands | Panama |
---|---|---|
Cosmetic Procedures | 1,500 SBD (180 USD) | 200 PAB (200 USD) |
Spa Treatment | 500 SBD (60 USD) | 75 PAB (75 USD) |
Manicure Pedicure Cost | 100 SBD (12 USD) | 30 PAB (30 USD) |
Optical Glasses Cost | 300 SBD (36 USD) | 80 PAB (80 USD) |
Contact Lenses Cost | 150 SBD (18 USD) | 40 PAB (40 USD) |
Haircuts | 80 SBD (9.60 USD) | 15 PAB (15 USD) |
Hair Coloring | 200 SBD (24 USD) | 40 PAB (40 USD) |
Shampoo Price | 30 SBD (3.60 USD) | 5 PAB (5 USD) |
Toothpaste Price | 20 SBD (2.40 USD) | 2 PAB (2 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 1.41 times less for Personal Care Items and Treatment.
Indicators | Solomon Islands | Panama |
---|---|---|
Pair of Nike Running Shoes | 750 SBD (90 USD) | 80 PAB (80 USD) |
Men's Shirt | 250 SBD (30 USD) | 25 PAB (25 USD) |
Women's Dress | 400 SBD (48 USD) | 40 PAB (40 USD) |
Summer Dress | 300 SBD (36 USD) | 30 PAB (30 USD) |
Men's Suit | 1,200 SBD (144 USD) | 100 PAB (100 USD) |
Men's Jeans | 400 SBD (48 USD) | 40 PAB (40 USD) |
Women's Jeans | 400 SBD (48 USD) | 30 PAB (30 USD) |
Men's Formal Shoes | 800 SBD (96 USD) | 80 PAB (80 USD) |
Women's Formal Shoes | 700 SBD (84 USD) | 80 PAB (80 USD) |
Men's Casual Shoes | 500 SBD (60 USD) | 50 PAB (50 USD) |
Women's Casual Shoes | 500 SBD (60 USD) | 50 PAB (50 USD) |
Underwear For Men | 60 SBD (7.20 USD) | 8 PAB (8 USD) |
Underwear For Women | 60 SBD (7.20 USD) | 12 PAB (12 USD) |
Socks For Men | 20 SBD (2.40 USD) | 3 PAB (3 USD) |
Socks For Women | 20 SBD (2.40 USD) | 3 PAB (3 USD) |
Wintercoat for Adults | 800 SBD (96 USD) | 80 PAB (80 USD) |
Sportswear | 300 SBD (36 USD) | 40 PAB (40 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 1.19 times more for Clothing and Footwear for Adults.
Indicators | Solomon Islands | Panama |
---|---|---|
Children's Jeans | 200 SBD (24 USD) | 20 PAB (20 USD) |
Children's Normal Sneakers | 250 SBD (30 USD) | 30 PAB (30 USD) |
Children's Winter Coat | 300 SBD (36 USD) | 40 PAB (40 USD) |
Daycare for Infant | 1,200 SBD (144 USD) | 200 PAB (200 USD) |
Daycare for Toddler | 1,000 SBD (120 USD) | 150 PAB (150 USD) |
Childcare for Sick Days | 150 SBD (18 USD) | 30 PAB (30 USD) |
Early Childhood Education Programs | 600 SBD (72 USD) | 150 PAB (150 USD) |
Extra Curricular Activities | 200 SBD (24 USD) | 100 PAB (100 USD) |
Summer Camp for Kids | 500 SBD (60 USD) | 150 PAB (150 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 1.65 times less for Childcare and kids clothing.
Indicators | Solomon Islands | Panama |
---|---|---|
PreSchool Fees | 1,500 SBD (180 USD) | 250 PAB (250 USD) |
Primary School Fees | 2,000 SBD (240 USD) | 400 PAB (400 USD) |
Secondary School Fees | 2,500 SBD (300 USD) | 600 PAB (600 USD) |
Private School Fees | 4,000 SBD (480 USD) | 1,000 PAB (1,000 USD) |
University Tuition Fees | 10,000 SBD (1,200 USD) | 2,500 PAB (2,500 USD) |
University Private Tuition Fees | 15,000 SBD (1,800 USD) | 3,500 PAB (3,500 USD) |
After School Activities | 300 SBD (36 USD) | 75 PAB (75 USD) |
Special Education Services | 400 SBD (48 USD) | 200 PAB (200 USD) |
Tutoring | 200 SBD (24 USD) | 30 PAB (30 USD) |
Textbooks Cost | 150 SBD (18 USD) | 50 PAB (50 USD) |
School Supplies | 100 SBD (12 USD) | 30 PAB (30 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 1.99 times less for school and education.
Indicators | Solomon Islands | Panama |
---|---|---|
Movie Ticket (Single) | 120 SBD (14.40 USD) | 8 PAB (8 USD) |
Theater Ticket (Single) | 200 SBD (24 USD) | 15 PAB (15 USD) |
Concert Ticket (Single) | 350 SBD (42 USD) | 25 PAB (25 USD) |
Sports Event Ticket (Single) | 250 SBD (30 USD) | 15 PAB (15 USD) |
Gym Membership | 400 SBD (48 USD) | 40 PAB (40 USD) |
Swimming Pool Access | 80 SBD (9.60 USD) | 25 PAB (25 USD) |
Museum Entry Ticket | 50 SBD (6 USD) | 8 PAB (8 USD) |
Zoo Entry Ticket | 80 SBD (9.60 USD) | 12 PAB (12 USD) |
Amusement Park Entry Ticket | 150 SBD (18 USD) | 20 PAB (20 USD) |
Bowling | 80 SBD (9.60 USD) | 15 PAB (15 USD) |
Mini Golf | 50 SBD (6 USD) | 12 PAB (12 USD) |
Video Games | 300 SBD (36 USD) | 40 PAB (40 USD) |
Streaming Services | 60 SBD (7.20 USD) | 12 PAB (12 USD) |
Outdoor Equipment Rental | 150 SBD (18 USD) | 15 PAB (15 USD) |
Theme Park Annual Pass | 600 SBD (72 USD) | 500 PAB (500 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 2.17 times less for entertainment, recreation and fun activities.
Indicators | Solomon Islands | Panama |
---|---|---|
Language Classes | 300 SBD (36 USD) | 150 PAB (150 USD) |
Parenting Classes | 150 SBD (18 USD) | 150 PAB (150 USD) |
Art Classes | 80 SBD (9.60 USD) | 25 PAB (25 USD) |
Fitness Classes | 60 SBD (7.20 USD) | 25 PAB (25 USD) |
Music Lessons | 100 SBD (12 USD) | 30 PAB (30 USD) |
Dance Lessons | 120 SBD (14.40 USD) | 30 PAB (30 USD) |
Reading Materials for Classes | 30 SBD (3.60 USD) | 8 PAB (8 USD) |
Educational Software | 80 SBD (9.60 USD) | 150 PAB (150 USD) |
If you lived in Solomon Islands, instead of Panama, you would have to pay 5.14 times less for Private Classes.
Indicators | Solomon Islands | Panama |
---|---|---|
Average Gross Monthly Salary | 7,000 SBD (840 USD) | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary | 5,500 SBD (660 USD) | 1,200 PAB (1,200 USD) |
Minimum Wages | 83.33 SBD per hour (10 USD) | 20 PAB per hour (20 USD) |
Average Bonus | 1,000 SBD (120 USD) | 150 PAB (150 USD) |
Income Tax Rate | 0 to 10 % | 0 to 7 % |
Social Security Contributions | 8 % | 9 % |
Pension Contributions | 5 % | 10 % |
Cost of Living Index | 45 | 50 |
Median Household Income | 6,000 SBD (720 USD) | 1,200 PAB (1,200 USD) |
If you lived in Solomon Islands, you would earn 1.73 times less salary as compared to Panama.
Indicators | Solomon Islands | Panama |
---|---|---|
Legal Consultation Per Hour Rate | 150 SBD (18 USD) | 100 PAB (100 USD) |
Accounting Services Per Hour Rate | 100 SBD (12 USD) | 80 PAB (80 USD) |
IT Support Services Per Hour Rate | 80 SBD (9.60 USD) | 80 PAB (80 USD) |
Technician Services Per Hour Rate | 70 SBD (8.40 USD) | 60 PAB (60 USD) |
Professional Services cost 6.67 times less in Solomon Islands, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between Solomon Islands and Panama.
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