Published: Monday, 21th October 2024
The cost of living in Trinidad and Tobago is 1.49 times less expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between Trinidad and Tobago 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 Trinidad and Tobago and Panama.
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Indicators | Trinidad and Tobago | Panama |
---|---|---|
1 BHK Apartment in City Center | 3,500 TTD (514.50 USD) | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center | 5,500 TTD (808.50 USD) | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center | 8,000 TTD (1,176 USD) | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center | 2,500 TTD (367.50 USD) | 800 PAB (800 USD) |
2 BHK Apartment outside City Center | 4,000 TTD (588 USD) | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center | 6,000 TTD (882 USD) | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month | 6 % | 1.3 % |
Realtor Commission | 3 % | 5 % |
Property Taxes | 0.5 to 3.0 % | 0.6 to 1.0 % |
The average housing cost in Trinidad and Tobago is 2.36 times less expensive than Panama.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Basic Home Furnishing | 20,000 TTD (2,940 USD) | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month | 200 TTD (29.40 USD) | 150 PAB (150 USD) |
Heating Cost Per Month | 150 TTD (22.05 USD) | 100 PAB (100 USD) |
Cooling Cost Per Month | 200 TTD (29.40 USD) | 80 PAB (80 USD) |
Water Supply Cost Per Month | 100 TTD (14.70 USD) | 60 PAB (60 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 10.46% less for Utilities.
The basic home furnishing in Trinidad and Tobago costs 1.02 times less compared to Panama.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Standard Wifi Cost Per Month | 150 TTD (22.05 USD) | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month | 80 TTD (11.76 USD) | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month | 50 TTD (7.35 USD) | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month | 200 TTD (29.40 USD) | 80 PAB (80 USD) |
The internet and communication costs 69.32% less in Trinidad and Tobago compared to Panama.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Long Grain Rice (1 KG) | 12 TTD (1.76 USD) | 2 PAB (2 USD) |
Milk (1 Liter) | 10 TTD (1.47 USD) | 1.50 PAB (1.50 USD) |
Water (1 Liter) | 2 TTD (0.29 USD) | 0.50 PAB (0.50 USD) |
Bread (500 gm) | 6 TTD (0.88 USD) | 1 PAB (1 USD) |
Eggs (1 Dozen) | 20 TTD (2.94 USD) | 3 PAB (3 USD) |
Cheese (1 KG) | 40 TTD (5.88 USD) | 5 PAB (5 USD) |
Chicken Breast (1 KG) | 35 TTD (5.14 USD) | 7 PAB (7 USD) |
In Trinidad and Tobago, the cost of 1 Liter Water and 1 Liter Milk is 1.13 times less expensive than the cost in Panama.
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 8.13% less for Groceries.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Apples (1 KG) | 15 TTD (2.21 USD) | 3 PAB (3 USD) |
Bananas (1 KG) | 10 TTD (1.47 USD) | 1.50 PAB (1.50 USD) |
Oranges (1 KG) | 12 TTD (1.76 USD) | 2 PAB (2 USD) |
Tomatoes (1 KG) | 8 TTD (1.18 USD) | 2 PAB (2 USD) |
Potatoes (1 KG) | 10 TTD (1.47 USD) | 1 PAB (1 USD) |
Lemons (1 KG) | 15 TTD (2.21 USD) | 2.50 PAB (2.50 USD) |
Onions (1 KG) | 12 TTD (1.76 USD) | 1.50 PAB (1.50 USD) |
Lentils (1 KG) | 15 TTD (2.21 USD) | 2.50 PAB (2.50 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 1.12 times less for Fruits and Vegetables.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Meal at a Resonable Restaurant | 80 TTD (11.76 USD) | 12 PAB (12 USD) |
Three-Course Meal for Two | 300 TTD (44.10 USD) | 30 PAB (30 USD) |
Fast Food Combo Meal | 40 TTD (5.88 USD) | 6 PAB (6 USD) |
Normal Coffee | 15 TTD (2.21 USD) | 2.50 PAB (2.50 USD) |
Soft Drink | 8 TTD (1.18 USD) | 1.50 PAB (1.50 USD) |
Pizza for One | 60 TTD (8.82 USD) | 12 PAB (12 USD) |
Take-Out Delivery Meal | 50 TTD (7.35 USD) | 10 PAB (10 USD) |
Cigarette Pack of 20 | 25 TTD (3.67 USD) | 6 PAB (6 USD) |
Dining-Out costs 6.21% more in Trinidad and Tobago compared to Panama.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Wine Mid-Range Bottle | 120 TTD (17.64 USD) | 15 PAB (15 USD) |
Glass of Wine | 30 TTD (4.41 USD) | 6 PAB (6 USD) |
Domestic Beer Half Liter | 15 TTD (2.21 USD) | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter | 25 TTD (3.67 USD) | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter | 60 TTD (8.82 USD) | 15 PAB (15 USD) |
Branded Alcohol 1 Liter | 100 TTD (14.70 USD) | 25 PAB (25 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 1.31 times less for usual hard drinks.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Monthly Public Transportation Pass | 300 TTD (44.10 USD) | 50 PAB (50 USD) |
Single Public Transportation Ticket | 5 TTD (0.73 USD) | 1.50 PAB (1.50 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 500 TTD (73.50 USD) | 100 PAB (100 USD) |
Taxi Start Fare | 20 TTD (2.94 USD) | 3 PAB (3 USD) |
Taxi Rate Per Kilometer | 10 TTD (1.47 USD) | 1.50 PAB (1.50 USD) |
Car Rental Per Day | 200 TTD (29.40 USD) | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour | 20 TTD (2.94 USD) | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour | 10 TTD (1.47 USD) | 1 PAB (1 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 1.21 times less for transportation.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Reasonable Vehicle Purchase Cost | 100,000 TTD (14,700 USD) | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost | 200 TTD (29.40 USD) | 80 PAB (80 USD) |
Driving License Fees | 200 TTD (29.40 USD) | 50 PAB (50 USD) |
Car Insurance Cost | 1,200 TTD (176.40 USD) | 400 PAB (400 USD) |
Car Maintenance Cost | 400 TTD (58.80 USD) | 150 PAB (150 USD) |
Car Loan Interest Rates | 7 % | 6 % |
Fuel Per Liter | 7 TTD (1.03 USD) | 1.20 PAB (1.20 USD) |
Fuel Per Gallon | 30 TTD (4.41 USD) | 4.50 PAB (4.50 USD) |
Average Toll Fees | Yet to Update | 5 PAB 5 USD |
You would have to pay 1.05 times less for Vehicle purchase, daily operation and maintenance in Trinidad and Tobago compared to that of Panama.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Doctor Visit | 150 TTD (22.05 USD) | 50 PAB (50 USD) |
Specialist Visit | 300 TTD (44.10 USD) | 100 PAB (100 USD) |
Dentist Visit | 200 TTD (29.40 USD) | 70 PAB (70 USD) |
Eye Exam | 50 TTD (7.35 USD) | 50 PAB (50 USD) |
Mental Health Counseling | 200 TTD (29.40 USD) | 100 PAB (100 USD) |
Preventive Health Screening | 50 TTD (7.35 USD) | 50 PAB (50 USD) |
Physical Therapy | 150 TTD (22.05 USD) | 75 PAB (75 USD) |
Emergency Room Visit | 300 TTD (44.10 USD) | 300 PAB (300 USD) |
Hospital Stay Per Night | 800 TTD (117.60 USD) | 150 PAB (150 USD) |
Vaccinations | 20 TTD (2.94 USD) | 30 PAB (30 USD) |
Prescription Medication | 20 TTD (2.94 USD) | 20 PAB (20 USD) |
Over the Counter Medication | 10 TTD (1.47 USD) | 10 PAB (10 USD) |
Health Insurance Premiums | 500 TTD (73.50 USD) | 150 PAB (150 USD) |
Health Insurance Deductibles | 1,000 TTD (147 USD) | 75 PAB (75 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 2.23 times less for Health and Medical Treatment.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Cosmetic Procedures | 1,000 TTD (147 USD) | 200 PAB (200 USD) |
Spa Treatment | 300 TTD (44.10 USD) | 75 PAB (75 USD) |
Manicure Pedicure Cost | 100 TTD (14.70 USD) | 30 PAB (30 USD) |
Optical Glasses Cost | 200 TTD (29.40 USD) | 80 PAB (80 USD) |
Contact Lenses Cost | 100 TTD (14.70 USD) | 40 PAB (40 USD) |
Haircuts | 50 TTD (7.35 USD) | 15 PAB (15 USD) |
Hair Coloring | 150 TTD (22.05 USD) | 40 PAB (40 USD) |
Shampoo Price | 15 TTD (2.21 USD) | 5 PAB (5 USD) |
Toothpaste Price | 5 TTD (0.73 USD) | 2 PAB (2 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 1.73 times less for Personal Care Items and Treatment.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Pair of Nike Running Shoes | 600 TTD (88.20 USD) | 80 PAB (80 USD) |
Men's Shirt | 150 TTD (22.05 USD) | 25 PAB (25 USD) |
Women's Dress | 200 TTD (29.40 USD) | 40 PAB (40 USD) |
Summer Dress | 100 TTD (14.70 USD) | 30 PAB (30 USD) |
Men's Suit | 1,000 TTD (147 USD) | 100 PAB (100 USD) |
Men's Jeans | 200 TTD (29.40 USD) | 40 PAB (40 USD) |
Women's Jeans | 150 TTD (22.05 USD) | 30 PAB (30 USD) |
Men's Formal Shoes | 200 TTD (29.40 USD) | 80 PAB (80 USD) |
Women's Formal Shoes | 200 TTD (29.40 USD) | 80 PAB (80 USD) |
Men's Casual Shoes | 150 TTD (22.05 USD) | 50 PAB (50 USD) |
Women's Casual Shoes | 150 TTD (22.05 USD) | 50 PAB (50 USD) |
Underwear For Men | 20 TTD (2.94 USD) | 8 PAB (8 USD) |
Underwear For Women | 20 TTD (2.94 USD) | 12 PAB (12 USD) |
Socks For Men | 10 TTD (1.47 USD) | 3 PAB (3 USD) |
Socks For Women | 10 TTD (1.47 USD) | 3 PAB (3 USD) |
Wintercoat for Adults | 200 TTD (29.40 USD) | 80 PAB (80 USD) |
Sportswear | 100 TTD (14.70 USD) | 40 PAB (40 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 1.48 times less for Clothing and Footwear for Adults.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Children's Jeans | 50 TTD (7.35 USD) | 20 PAB (20 USD) |
Children's Normal Sneakers | 75 TTD (11.02 USD) | 30 PAB (30 USD) |
Children's Winter Coat | 100 TTD (14.70 USD) | 40 PAB (40 USD) |
Daycare for Infant | 1,000 TTD (147 USD) | 200 PAB (200 USD) |
Daycare for Toddler | 800 TTD (117.60 USD) | 150 PAB (150 USD) |
Childcare for Sick Days | 200 TTD (29.40 USD) | 30 PAB (30 USD) |
Early Childhood Education Programs | 800 TTD (117.60 USD) | 150 PAB (150 USD) |
Extra Curricular Activities | 400 TTD (58.80 USD) | 100 PAB (100 USD) |
Summer Camp for Kids | 500 TTD (73.50 USD) | 150 PAB (150 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 1.51 times less for Childcare and kids clothing.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
PreSchool Fees | 1,200 TTD (176.40 USD) | 250 PAB (250 USD) |
Primary School Fees | 1,500 TTD (220.50 USD) | 400 PAB (400 USD) |
Secondary School Fees | 2,000 TTD (294 USD) | 600 PAB (600 USD) |
Private School Fees | 3,000 TTD (441 USD) | 1,000 PAB (1,000 USD) |
University Tuition Fees | 6,000 TTD (882 USD) | 2,500 PAB (2,500 USD) |
University Private Tuition Fees | 10,000 TTD (1,470 USD) | 3,500 PAB (3,500 USD) |
After School Activities | 400 TTD (58.80 USD) | 75 PAB (75 USD) |
Special Education Services | 500 TTD (73.50 USD) | 200 PAB (200 USD) |
Tutoring | 300 TTD (44.10 USD) | 30 PAB (30 USD) |
Textbooks Cost | 150 TTD (22.05 USD) | 50 PAB (50 USD) |
School Supplies | 100 TTD (14.70 USD) | 30 PAB (30 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 2.34 times less for school and education.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Movie Ticket (Single) | 40 TTD (5.88 USD) | 8 PAB (8 USD) |
Theater Ticket (Single) | 80 TTD (11.76 USD) | 15 PAB (15 USD) |
Concert Ticket (Single) | 100 TTD (14.70 USD) | 25 PAB (25 USD) |
Sports Event Ticket (Single) | 60 TTD (8.82 USD) | 15 PAB (15 USD) |
Gym Membership | 200 TTD (29.40 USD) | 40 PAB (40 USD) |
Swimming Pool Access | 100 TTD (14.70 USD) | 25 PAB (25 USD) |
Museum Entry Ticket | 20 TTD (2.94 USD) | 8 PAB (8 USD) |
Zoo Entry Ticket | 30 TTD (4.41 USD) | 12 PAB (12 USD) |
Amusement Park Entry Ticket | 60 TTD (8.82 USD) | 20 PAB (20 USD) |
Bowling | 50 TTD (7.35 USD) | 15 PAB (15 USD) |
Mini Golf | 60 TTD (8.82 USD) | 12 PAB (12 USD) |
Video Games | 200 TTD (29.40 USD) | 40 PAB (40 USD) |
Streaming Services | 50 TTD (7.35 USD) | 12 PAB (12 USD) |
Outdoor Equipment Rental | 100 TTD (14.70 USD) | 15 PAB (15 USD) |
Theme Park Annual Pass | 1,000 TTD (147 USD) | 500 PAB (500 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 2.41 times less for entertainment, recreation and fun activities.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Language Classes | 300 TTD (44.10 USD) | 150 PAB (150 USD) |
Parenting Classes | 300 TTD (44.10 USD) | 150 PAB (150 USD) |
Art Classes | 100 TTD (14.70 USD) | 25 PAB (25 USD) |
Fitness Classes | 100 TTD (14.70 USD) | 25 PAB (25 USD) |
Music Lessons | 200 TTD (29.40 USD) | 30 PAB (30 USD) |
Dance Lessons | 150 TTD (22.05 USD) | 30 PAB (30 USD) |
Reading Materials for Classes | 20 TTD (2.94 USD) | 8 PAB (8 USD) |
Educational Software | 200 TTD (29.40 USD) | 150 PAB (150 USD) |
If you lived in Trinidad and Tobago, instead of Panama, you would have to pay 2.82 times less for Private Classes.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Average Gross Monthly Salary | 8,000 TTD (1,176 USD) | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary | 6,000 TTD (882 USD) | 1,200 PAB (1,200 USD) |
Minimum Wages | 83.33 TTD per hour (12.25 USD) | 20 PAB per hour (20 USD) |
Average Bonus | 500 TTD (73.50 USD) | 150 PAB (150 USD) |
Income Tax Rate | 0 to 12.5 % | 0 to 7 % |
Social Security Contributions | 12 % | 9 % |
Pension Contributions | 7 % | 10 % |
Cost of Living Index | 55 | 50 |
Median Household Income | 5,000 TTD (735 USD) | 1,200 PAB (1,200 USD) |
If you lived in Trinidad and Tobago, you would earn 1.41 times less salary as compared to Panama.
Indicators | Trinidad and Tobago | Panama |
---|---|---|
Legal Consultation Per Hour Rate | 300 TTD (44.10 USD) | 100 PAB (100 USD) |
Accounting Services Per Hour Rate | 200 TTD (29.40 USD) | 80 PAB (80 USD) |
IT Support Services Per Hour Rate | 150 TTD (22.05 USD) | 80 PAB (80 USD) |
Technician Services Per Hour Rate | 100 TTD (14.70 USD) | 60 PAB (60 USD) |
Professional Services cost 2.90 times less in Trinidad and Tobago, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between Trinidad and Tobago and Panama.
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