Published: Monday, 21th October 2024
The cost of living in Thailand is 1.22 times less expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between Thailand 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 Thailand and Panama.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
Indicators | Thailand | Panama |
---|---|---|
1 BHK Apartment in City Center | 15,000 THB (420 USD) | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center | 30,000 THB (840 USD) | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center | 45,000 THB (1,260 USD) | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center | 8,000 THB (224 USD) | 800 PAB (800 USD) |
2 BHK Apartment outside City Center | 15,000 THB (420 USD) | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center | 25,000 THB (700 USD) | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month | 5 % | 1.3 % |
Realtor Commission | 3 % | 5 % |
Property Taxes | 0.3 to 0.7 % | 0.6 to 1.0 % |
The average housing cost in Thailand is 2.59 times less expensive than Panama.
Indicators | Thailand | Panama |
---|---|---|
Basic Home Furnishing | 50,000 THB (1,400 USD) | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month | 1,500 THB (42 USD) | 150 PAB (150 USD) |
Heating Cost Per Month | 800 THB (22.40 USD) | 100 PAB (100 USD) |
Cooling Cost Per Month | 1,000 THB (28 USD) | 80 PAB (80 USD) |
Water Supply Cost Per Month | 500 THB (14 USD) | 60 PAB (60 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 55.56% less for Utilities.
The basic home furnishing in Thailand costs 2.14 times less compared to Panama.
Indicators | Thailand | Panama |
---|---|---|
Standard Wifi Cost Per Month | 800 THB (22.40 USD) | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month | 300 THB (8.40 USD) | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month | 300 THB (8.40 USD) | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month | 1,000 THB (28 USD) | 80 PAB (80 USD) |
The internet and communication costs 70.78% less in Thailand compared to Panama.
Indicators | Thailand | Panama |
---|---|---|
Long Grain Rice (1 KG) | 50 THB (1.40 USD) | 2 PAB (2 USD) |
Milk (1 Liter) | 40 THB (1.12 USD) | 1.50 PAB (1.50 USD) |
Water (1 Liter) | 10 THB (0.28 USD) | 0.50 PAB (0.50 USD) |
Bread (500 gm) | 30 THB (0.84 USD) | 1 PAB (1 USD) |
Eggs (1 Dozen) | 70 THB (1.96 USD) | 3 PAB (3 USD) |
Cheese (1 KG) | 250 THB (7 USD) | 5 PAB (5 USD) |
Chicken Breast (1 KG) | 150 THB (4.20 USD) | 7 PAB (7 USD) |
In Thailand, the cost of 1 Liter Water and 1 Liter Milk is 1.43 times less expensive than the cost in Panama.
If you lived in Thailand, instead of Panama, you would have to pay 16.00% less for Groceries.
Indicators | Thailand | Panama |
---|---|---|
Apples (1 KG) | 100 THB (2.80 USD) | 3 PAB (3 USD) |
Bananas (1 KG) | 50 THB (1.40 USD) | 1.50 PAB (1.50 USD) |
Oranges (1 KG) | 80 THB (2.24 USD) | 2 PAB (2 USD) |
Tomatoes (1 KG) | 60 THB (1.68 USD) | 2 PAB (2 USD) |
Potatoes (1 KG) | 40 THB (1.12 USD) | 1 PAB (1 USD) |
Lemons (1 KG) | 100 THB (2.80 USD) | 2.50 PAB (2.50 USD) |
Onions (1 KG) | 50 THB (1.40 USD) | 1.50 PAB (1.50 USD) |
Lentils (1 KG) | 80 THB (2.24 USD) | 2.50 PAB (2.50 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 1.02 times less for Fruits and Vegetables.
Indicators | Thailand | Panama |
---|---|---|
Meal at a Resonable Restaurant | 80 THB (2.24 USD) | 12 PAB (12 USD) |
Three-Course Meal for Two | 800 THB (22.40 USD) | 30 PAB (30 USD) |
Fast Food Combo Meal | 60 THB (1.68 USD) | 6 PAB (6 USD) |
Normal Coffee | 50 THB (1.40 USD) | 2.50 PAB (2.50 USD) |
Soft Drink | 30 THB (0.84 USD) | 1.50 PAB (1.50 USD) |
Pizza for One | 300 THB (8.40 USD) | 12 PAB (12 USD) |
Take-Out Delivery Meal | 150 THB (4.20 USD) | 10 PAB (10 USD) |
Cigarette Pack of 20 | 100 THB (2.80 USD) | 6 PAB (6 USD) |
Dining-Out costs 45.05% less in Thailand compared to Panama.
Indicators | Thailand | Panama |
---|---|---|
Wine Mid-Range Bottle | 700 THB (19.60 USD) | 15 PAB (15 USD) |
Glass of Wine | 200 THB (5.60 USD) | 6 PAB (6 USD) |
Domestic Beer Half Liter | 70 THB (1.96 USD) | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter | 100 THB (2.80 USD) | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter | 500 THB (14 USD) | 15 PAB (15 USD) |
Branded Alcohol 1 Liter | 800 THB (22.40 USD) | 25 PAB (25 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 1.02 times less for usual hard drinks.
Indicators | Thailand | Panama |
---|---|---|
Monthly Public Transportation Pass | 1,200 THB (33.60 USD) | 50 PAB (50 USD) |
Single Public Transportation Ticket | 30 THB (0.84 USD) | 1.50 PAB (1.50 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 2,500 THB (70 USD) | 100 PAB (100 USD) |
Taxi Start Fare | 35 THB (0.98 USD) | 3 PAB (3 USD) |
Taxi Rate Per Kilometer | 10 THB (0.28 USD) | 1.50 PAB (1.50 USD) |
Car Rental Per Day | 1,200 THB (33.60 USD) | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour | 50 THB (1.40 USD) | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour | 20 THB (0.56 USD) | 1 PAB (1 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 1.34 times less for transportation.
Indicators | Thailand | Panama |
---|---|---|
Reasonable Vehicle Purchase Cost | 600,000 THB (16,800 USD) | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost | 5,000 THB (140 USD) | 80 PAB (80 USD) |
Driving License Fees | 1,000 THB (28 USD) | 50 PAB (50 USD) |
Car Insurance Cost | 10,000 THB (280 USD) | 400 PAB (400 USD) |
Car Maintenance Cost | 2,000 THB (56 USD) | 150 PAB (150 USD) |
Car Loan Interest Rates | 6 % | 6 % |
Fuel Per Liter | 40 THB (1.12 USD) | 1.20 PAB (1.20 USD) |
Fuel Per Gallon | 150 THB (4.20 USD) | 4.50 PAB (4.50 USD) |
Average Toll Fees | Yet to Update | 5 PAB 5 USD |
You would have to pay 1.10 times more for Vehicle purchase, daily operation and maintenance in Thailand compared to that of Panama.
Indicators | Thailand | Panama |
---|---|---|
Doctor Visit | 1,000 THB (28 USD) | 50 PAB (50 USD) |
Specialist Visit | 2,000 THB (56 USD) | 100 PAB (100 USD) |
Dentist Visit | 1,500 THB (42 USD) | 70 PAB (70 USD) |
Eye Exam | 800 THB (22.40 USD) | 50 PAB (50 USD) |
Mental Health Counseling | 1,500 THB (42 USD) | 100 PAB (100 USD) |
Preventive Health Screening | 500 THB (14 USD) | 50 PAB (50 USD) |
Physical Therapy | 1,000 THB (28 USD) | 75 PAB (75 USD) |
Emergency Room Visit | 1,500 THB (42 USD) | 300 PAB (300 USD) |
Hospital Stay Per Night | 5,000 THB (140 USD) | 150 PAB (150 USD) |
Vaccinations | 300 THB (8.40 USD) | 30 PAB (30 USD) |
Prescription Medication | 200 THB (5.60 USD) | 20 PAB (20 USD) |
Over the Counter Medication | 100 THB (2.80 USD) | 10 PAB (10 USD) |
Health Insurance Premiums | 3,000 THB (84 USD) | 150 PAB (150 USD) |
Health Insurance Deductibles | 5,000 THB (140 USD) | 75 PAB (75 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 1.88 times less for Health and Medical Treatment.
Indicators | Thailand | Panama |
---|---|---|
Cosmetic Procedures | 5,000 THB (140 USD) | 200 PAB (200 USD) |
Spa Treatment | 2,000 THB (56 USD) | 75 PAB (75 USD) |
Manicure Pedicure Cost | 500 THB (14 USD) | 30 PAB (30 USD) |
Optical Glasses Cost | 1,500 THB (42 USD) | 80 PAB (80 USD) |
Contact Lenses Cost | 800 THB (22.40 USD) | 40 PAB (40 USD) |
Haircuts | 300 THB (8.40 USD) | 15 PAB (15 USD) |
Hair Coloring | 1,500 THB (42 USD) | 40 PAB (40 USD) |
Shampoo Price | 100 THB (2.80 USD) | 5 PAB (5 USD) |
Toothpaste Price | 50 THB (1.40 USD) | 2 PAB (2 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 1.48 times less for Personal Care Items and Treatment.
Indicators | Thailand | Panama |
---|---|---|
Pair of Nike Running Shoes | 3,000 THB (84 USD) | 80 PAB (80 USD) |
Men's Shirt | 800 THB (22.40 USD) | 25 PAB (25 USD) |
Women's Dress | 1,500 THB (42 USD) | 40 PAB (40 USD) |
Summer Dress | 1,000 THB (28 USD) | 30 PAB (30 USD) |
Men's Suit | 5,000 THB (140 USD) | 100 PAB (100 USD) |
Men's Jeans | 1,500 THB (42 USD) | 40 PAB (40 USD) |
Women's Jeans | 1,200 THB (33.60 USD) | 30 PAB (30 USD) |
Men's Formal Shoes | 2,000 THB (56 USD) | 80 PAB (80 USD) |
Women's Formal Shoes | 1,800 THB (50.40 USD) | 80 PAB (80 USD) |
Men's Casual Shoes | 1,200 THB (33.60 USD) | 50 PAB (50 USD) |
Women's Casual Shoes | 1,000 THB (28 USD) | 50 PAB (50 USD) |
Underwear For Men | 200 THB (5.60 USD) | 8 PAB (8 USD) |
Underwear For Women | 200 THB (5.60 USD) | 12 PAB (12 USD) |
Socks For Men | 50 THB (1.40 USD) | 3 PAB (3 USD) |
Socks For Women | 50 THB (1.40 USD) | 3 PAB (3 USD) |
Wintercoat for Adults | 1,500 THB (42 USD) | 80 PAB (80 USD) |
Sportswear | 1,000 THB (28 USD) | 40 PAB (40 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 1.17 times less for Clothing and Footwear for Adults.
Indicators | Thailand | Panama |
---|---|---|
Children's Jeans | 600 THB (16.80 USD) | 20 PAB (20 USD) |
Children's Normal Sneakers | 800 THB (22.40 USD) | 30 PAB (30 USD) |
Children's Winter Coat | 1,000 THB (28 USD) | 40 PAB (40 USD) |
Daycare for Infant | 10,000 THB (280 USD) | 200 PAB (200 USD) |
Daycare for Toddler | 8,000 THB (224 USD) | 150 PAB (150 USD) |
Childcare for Sick Days | 3,000 THB (84 USD) | 30 PAB (30 USD) |
Early Childhood Education Programs | 15,000 THB (420 USD) | 150 PAB (150 USD) |
Extra Curricular Activities | 5,000 THB (140 USD) | 100 PAB (100 USD) |
Summer Camp for Kids | 10,000 THB (280 USD) | 150 PAB (150 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 1.72 times more for Childcare and kids clothing.
Indicators | Thailand | Panama |
---|---|---|
PreSchool Fees | 12,000 THB (336 USD) | 250 PAB (250 USD) |
Primary School Fees | 20,000 THB (560 USD) | 400 PAB (400 USD) |
Secondary School Fees | 25,000 THB (700 USD) | 600 PAB (600 USD) |
Private School Fees | 40,000 THB (1,120 USD) | 1,000 PAB (1,000 USD) |
University Tuition Fees | 80,000 THB (2,240 USD) | 2,500 PAB (2,500 USD) |
University Private Tuition Fees | 150,000 THB (4,200 USD) | 3,500 PAB (3,500 USD) |
After School Activities | 5,000 THB (140 USD) | 75 PAB (75 USD) |
Special Education Services | 8,000 THB (224 USD) | 200 PAB (200 USD) |
Tutoring | 4,000 THB (112 USD) | 30 PAB (30 USD) |
Textbooks Cost | 2,000 THB (56 USD) | 50 PAB (50 USD) |
School Supplies | 1,000 THB (28 USD) | 30 PAB (30 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 1.13 times more for school and education.
Indicators | Thailand | Panama |
---|---|---|
Movie Ticket (Single) | 200 THB (5.60 USD) | 8 PAB (8 USD) |
Theater Ticket (Single) | 500 THB (14 USD) | 15 PAB (15 USD) |
Concert Ticket (Single) | 700 THB (19.60 USD) | 25 PAB (25 USD) |
Sports Event Ticket (Single) | 500 THB (14 USD) | 15 PAB (15 USD) |
Gym Membership | 2,000 THB (56 USD) | 40 PAB (40 USD) |
Swimming Pool Access | 1,500 THB (42 USD) | 25 PAB (25 USD) |
Museum Entry Ticket | 150 THB (4.20 USD) | 8 PAB (8 USD) |
Zoo Entry Ticket | 200 THB (5.60 USD) | 12 PAB (12 USD) |
Amusement Park Entry Ticket | 500 THB (14 USD) | 20 PAB (20 USD) |
Bowling | 300 THB (8.40 USD) | 15 PAB (15 USD) |
Mini Golf | 400 THB (11.20 USD) | 12 PAB (12 USD) |
Video Games | 2,000 THB (56 USD) | 40 PAB (40 USD) |
Streaming Services | 300 THB (8.40 USD) | 12 PAB (12 USD) |
Outdoor Equipment Rental | 1,000 THB (28 USD) | 15 PAB (15 USD) |
Theme Park Annual Pass | 5,000 THB (140 USD) | 500 PAB (500 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 1.78 times less for entertainment, recreation and fun activities.
Indicators | Thailand | Panama |
---|---|---|
Language Classes | 5,000 THB (140 USD) | 150 PAB (150 USD) |
Parenting Classes | 3,000 THB (84 USD) | 150 PAB (150 USD) |
Art Classes | 1,000 THB (28 USD) | 25 PAB (25 USD) |
Fitness Classes | 1,000 THB (28 USD) | 25 PAB (25 USD) |
Music Lessons | 1,500 THB (42 USD) | 30 PAB (30 USD) |
Dance Lessons | 1,200 THB (33.60 USD) | 30 PAB (30 USD) |
Reading Materials for Classes | 200 THB (5.60 USD) | 8 PAB (8 USD) |
Educational Software | 2,000 THB (56 USD) | 150 PAB (150 USD) |
If you lived in Thailand, instead of Panama, you would have to pay 1.36 times less for Private Classes.
Indicators | Thailand | Panama |
---|---|---|
Average Gross Monthly Salary | 30,000 THB (840 USD) | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary | 20,000 THB (560 USD) | 1,200 PAB (1,200 USD) |
Minimum Wages | 333.33 THB per hour (9.33 USD) | 20 PAB per hour (20 USD) |
Average Bonus | 5,000 THB (140 USD) | 150 PAB (150 USD) |
Income Tax Rate | 0 to 10 % | 0 to 7 % |
Social Security Contributions | 5 % | 9 % |
Pension Contributions | 5 % | 10 % |
Cost of Living Index | 50 | 50 |
Median Household Income | 25,000 THB (700 USD) | 1,200 PAB (1,200 USD) |
If you lived in Thailand, you would earn 1.81 times less salary as compared to Panama.
Indicators | Thailand | Panama |
---|---|---|
Legal Consultation Per Hour Rate | 2,000 THB (56 USD) | 100 PAB (100 USD) |
Accounting Services Per Hour Rate | 1,500 THB (42 USD) | 80 PAB (80 USD) |
IT Support Services Per Hour Rate | 1,000 THB (28 USD) | 80 PAB (80 USD) |
Technician Services Per Hour Rate | 800 THB (22.40 USD) | 60 PAB (60 USD) |
Professional Services cost 2.16 times less in Thailand, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between Thailand and Panama.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.