Published: Monday, 21th October 2024
The cost of living in United States is 2.62 times more expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between United States 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 United States and Panama.
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Indicators | United States | Panama |
---|---|---|
1 BHK Apartment in City Center | 2,500 USD | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center | 3,500 USD | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center | 4,500 USD | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center | 1,800 USD | 800 PAB (800 USD) |
2 BHK Apartment outside City Center | 2,500 USD | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center | 3,200 USD | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month | 3.5 % | 1.3 % |
Realtor Commission | 2.5 % | 5 % |
Property Taxes | 0.5 to 2.5 % | 0.6 to 1.0 % |
The average housing cost in United States is 1.80 times more expensive than Panama.
Indicators | United States | Panama |
---|---|---|
Basic Home Furnishing | 3,000 USD | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month | 150 USD | 150 PAB (150 USD) |
Heating Cost Per Month | 120 USD | 100 PAB (100 USD) |
Cooling Cost Per Month | 80 USD | 80 PAB (80 USD) |
Water Supply Cost Per Month | 50 USD | 60 PAB (60 USD) |
If you lived in United States, instead of Panama, you would have to pay 0.29% more for Utilities.
The basic home furnishing in United States costs 1.00 times less compared to Panama.
Indicators | United States | Panama |
---|---|---|
Standard Wifi Cost Per Month | 60 USD | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month | 50 USD | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month | 30 USD | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month | 100 USD | 80 PAB (80 USD) |
The internet and communication costs 4.35% more in United States compared to Panama.
Indicators | United States | Panama |
---|---|---|
Long Grain Rice (1 KG) | 4 USD | 2 PAB (2 USD) |
Milk (1 Liter) | 1 USD | 1.50 PAB (1.50 USD) |
Water (1 Liter) | 1 USD | 0.50 PAB (0.50 USD) |
Bread (500 gm) | 2 USD | 1 PAB (1 USD) |
Eggs (1 Dozen) | 3 USD | 3 PAB (3 USD) |
Cheese (1 KG) | 6 USD | 5 PAB (5 USD) |
Chicken Breast (1 KG) | 10 USD | 7 PAB (7 USD) |
In United States, the cost of 1 Liter Water and 1 Liter Milk is 1.00 times less expensive than the cost in Panama.
If you lived in United States, instead of Panama, you would have to pay 35.00% more for Groceries.
Indicators | United States | Panama |
---|---|---|
Apples (1 KG) | 3 USD | 3 PAB (3 USD) |
Bananas (1 KG) | 1.50 USD | 1.50 PAB (1.50 USD) |
Oranges (1 KG) | 2.50 USD | 2 PAB (2 USD) |
Tomatoes (1 KG) | 3 USD | 2 PAB (2 USD) |
Potatoes (1 KG) | 2 USD | 1 PAB (1 USD) |
Lemons (1 KG) | 2.50 USD | 2.50 PAB (2.50 USD) |
Onions (1 KG) | 2 USD | 1.50 PAB (1.50 USD) |
Lentils (1 KG) | 4 USD | 2.50 PAB (2.50 USD) |
If you lived in United States, instead of Panama, you would have to pay 1.28 times more for Fruits and Vegetables.
Indicators | United States | Panama |
---|---|---|
Meal at a Resonable Restaurant | 20 USD | 12 PAB (12 USD) |
Three-Course Meal for Two | 60 USD | 30 PAB (30 USD) |
Fast Food Combo Meal | 8 USD | 6 PAB (6 USD) |
Normal Coffee | 4 USD | 2.50 PAB (2.50 USD) |
Soft Drink | 2 USD | 1.50 PAB (1.50 USD) |
Pizza for One | 15 USD | 12 PAB (12 USD) |
Take-Out Delivery Meal | 20 USD | 10 PAB (10 USD) |
Cigarette Pack of 20 | 8 USD | 6 PAB (6 USD) |
Dining-Out costs 71.25% more in United States compared to Panama.
Indicators | United States | Panama |
---|---|---|
Wine Mid-Range Bottle | 15 USD | 15 PAB (15 USD) |
Glass of Wine | 8 USD | 6 PAB (6 USD) |
Domestic Beer Half Liter | 3 USD | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter | 4 USD | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter | 20 USD | 15 PAB (15 USD) |
Branded Alcohol 1 Liter | 30 USD | 25 PAB (25 USD) |
If you lived in United States, instead of Panama, you would have to pay 1.19 times more for usual hard drinks.
Indicators | United States | Panama |
---|---|---|
Monthly Public Transportation Pass | 120 USD | 50 PAB (50 USD) |
Single Public Transportation Ticket | 2.50 USD | 1.50 PAB (1.50 USD) |
Single Train Ticket | 100 USD | Yet to Update () |
Domestic Airplane Ticket | 200 USD | 100 PAB (100 USD) |
Taxi Start Fare | 3 USD | 3 PAB (3 USD) |
Taxi Rate Per Kilometer | 2 USD | 1.50 PAB (1.50 USD) |
Car Rental Per Day | 50 USD | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour | 5 USD | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour | 2 USD | 1 PAB (1 USD) |
If you lived in United States, instead of Panama, you would have to pay 2.56 times more for transportation.
Indicators | United States | Panama |
---|---|---|
Reasonable Vehicle Purchase Cost | 25,000 USD | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost | 150 USD | 80 PAB (80 USD) |
Driving License Fees | 50 USD | 50 PAB (50 USD) |
Car Insurance Cost | 800 USD | 400 PAB (400 USD) |
Car Maintenance Cost | 200 USD | 150 PAB (150 USD) |
Car Loan Interest Rates | 4 % | 6 % |
Fuel Per Liter | 1 USD | 1.20 PAB (1.20 USD) |
Fuel Per Gallon | 4 USD | 4.50 PAB (4.50 USD) |
Average Toll Fees | Yet to Update | 5 PAB 5 USD |
You would have to pay 1.67 times more for Vehicle purchase, daily operation and maintenance in United States compared to that of Panama.
Indicators | United States | Panama |
---|---|---|
Doctor Visit | 150 USD | 50 PAB (50 USD) |
Specialist Visit | 250 USD | 100 PAB (100 USD) |
Dentist Visit | 100 USD | 70 PAB (70 USD) |
Eye Exam | 80 USD | 50 PAB (50 USD) |
Mental Health Counseling | 150 USD | 100 PAB (100 USD) |
Preventive Health Screening | 80 USD | 50 PAB (50 USD) |
Physical Therapy | 100 USD | 75 PAB (75 USD) |
Emergency Room Visit | 500 USD | 300 PAB (300 USD) |
Hospital Stay Per Night | 400 USD | 150 PAB (150 USD) |
Vaccinations | 40 USD | 30 PAB (30 USD) |
Prescription Medication | 20 USD | 20 PAB (20 USD) |
Over the Counter Medication | 10 USD | 10 PAB (10 USD) |
Health Insurance Premiums | 300 USD | 150 PAB (150 USD) |
Health Insurance Deductibles | 500 USD | 75 PAB (75 USD) |
If you lived in United States, instead of Panama, you would have to pay 2.18 times more for Health and Medical Treatment.
Indicators | United States | Panama |
---|---|---|
Cosmetic Procedures | 300 USD | 200 PAB (200 USD) |
Spa Treatment | 150 USD | 75 PAB (75 USD) |
Manicure Pedicure Cost | 40 USD | 30 PAB (30 USD) |
Optical Glasses Cost | 150 USD | 80 PAB (80 USD) |
Contact Lenses Cost | 100 USD | 40 PAB (40 USD) |
Haircuts | 25 USD | 15 PAB (15 USD) |
Hair Coloring | 75 USD | 40 PAB (40 USD) |
Shampoo Price | 5 USD | 5 PAB (5 USD) |
Toothpaste Price | 3 USD | 2 PAB (2 USD) |
If you lived in United States, instead of Panama, you would have to pay 1.74 times more for Personal Care Items and Treatment.
Indicators | United States | Panama |
---|---|---|
Pair of Nike Running Shoes | 100 USD | 80 PAB (80 USD) |
Men's Shirt | 40 USD | 25 PAB (25 USD) |
Women's Dress | 80 USD | 40 PAB (40 USD) |
Summer Dress | 50 USD | 30 PAB (30 USD) |
Men's Suit | 500 USD | 100 PAB (100 USD) |
Men's Jeans | 60 USD | 40 PAB (40 USD) |
Women's Jeans | 60 USD | 30 PAB (30 USD) |
Men's Formal Shoes | 100 USD | 80 PAB (80 USD) |
Women's Formal Shoes | 80 USD | 80 PAB (80 USD) |
Men's Casual Shoes | 70 USD | 50 PAB (50 USD) |
Women's Casual Shoes | 60 USD | 50 PAB (50 USD) |
Underwear For Men | 20 USD | 8 PAB (8 USD) |
Underwear For Women | 20 USD | 12 PAB (12 USD) |
Socks For Men | 10 USD | 3 PAB (3 USD) |
Socks For Women | 10 USD | 3 PAB (3 USD) |
Wintercoat for Adults | 100 USD | 80 PAB (80 USD) |
Sportswear | 60 USD | 40 PAB (40 USD) |
If you lived in United States, instead of Panama, you would have to pay 1.89 times more for Clothing and Footwear for Adults.
Indicators | United States | Panama |
---|---|---|
Children's Jeans | 30 USD | 20 PAB (20 USD) |
Children's Normal Sneakers | 40 USD | 30 PAB (30 USD) |
Children's Winter Coat | 60 USD | 40 PAB (40 USD) |
Daycare for Infant | 1,500 USD | 200 PAB (200 USD) |
Daycare for Toddler | 1,200 USD | 150 PAB (150 USD) |
Childcare for Sick Days | 40 USD | 30 PAB (30 USD) |
Early Childhood Education Programs | 600 USD | 150 PAB (150 USD) |
Extra Curricular Activities | 60 USD | 100 PAB (100 USD) |
Summer Camp for Kids | 300 USD | 150 PAB (150 USD) |
If you lived in United States, instead of Panama, you would have to pay 4.40 times more for Childcare and kids clothing.
Indicators | United States | Panama |
---|---|---|
PreSchool Fees | 1,800 USD | 250 PAB (250 USD) |
Primary School Fees | 4,000 USD | 400 PAB (400 USD) |
Secondary School Fees | 6,000 USD | 600 PAB (600 USD) |
Private School Fees | 8,000 USD | 1,000 PAB (1,000 USD) |
University Tuition Fees | 10,000 USD | 2,500 PAB (2,500 USD) |
University Private Tuition Fees | 20,000 USD | 3,500 PAB (3,500 USD) |
After School Activities | 150 USD | 75 PAB (75 USD) |
Special Education Services | 150 USD | 200 PAB (200 USD) |
Tutoring | 50 USD | 30 PAB (30 USD) |
Textbooks Cost | 40 USD | 50 PAB (50 USD) |
School Supplies | 30 USD | 30 PAB (30 USD) |
If you lived in United States, instead of Panama, you would have to pay 5.82 times more for school and education.
Indicators | United States | Panama |
---|---|---|
Movie Ticket (Single) | 15 USD | 8 PAB (8 USD) |
Theater Ticket (Single) | 50 USD | 15 PAB (15 USD) |
Concert Ticket (Single) | 60 USD | 25 PAB (25 USD) |
Sports Event Ticket (Single) | 50 USD | 15 PAB (15 USD) |
Gym Membership | 60 USD | 40 PAB (40 USD) |
Swimming Pool Access | 40 USD | 25 PAB (25 USD) |
Museum Entry Ticket | 15 USD | 8 PAB (8 USD) |
Zoo Entry Ticket | 25 USD | 12 PAB (12 USD) |
Amusement Park Entry Ticket | 50 USD | 20 PAB (20 USD) |
Bowling | 15 USD | 15 PAB (15 USD) |
Mini Golf | 10 USD | 12 PAB (12 USD) |
Video Games | 60 USD | 40 PAB (40 USD) |
Streaming Services | 15 USD | 12 PAB (12 USD) |
Outdoor Equipment Rental | 25 USD | 15 PAB (15 USD) |
Theme Park Annual Pass | 400 USD | 500 PAB (500 USD) |
If you lived in United States, instead of Panama, you would have to pay 1.17 times more for entertainment, recreation and fun activities.
Indicators | United States | Panama |
---|---|---|
Language Classes | 40 USD | 150 PAB (150 USD) |
Parenting Classes | 60 USD | 150 PAB (150 USD) |
Art Classes | 30 USD | 25 PAB (25 USD) |
Fitness Classes | 20 USD | 25 PAB (25 USD) |
Music Lessons | 50 USD | 30 PAB (30 USD) |
Dance Lessons | 40 USD | 30 PAB (30 USD) |
Reading Materials for Classes | 10 USD | 8 PAB (8 USD) |
Educational Software | 30 USD | 150 PAB (150 USD) |
If you lived in United States, instead of Panama, you would have to pay 2.03 times less for Private Classes.
Indicators | United States | Panama |
---|---|---|
Average Gross Monthly Salary | 5,000 USD | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary | 3,800 USD | 1,200 PAB (1,200 USD) |
Minimum Wages | 60 USD per hour | 20 PAB per hour (20 USD) |
Average Bonus | 1,000 USD | 150 PAB (150 USD) |
Income Tax Rate | 0 to 10 % | 0 to 7 % |
Social Security Contributions | 6.2 % | 9 % |
Pension Contributions | 4 % | 10 % |
Cost of Living Index | 10 | 50 |
Median Household Income | 5,000 USD | 1,200 PAB (1,200 USD) |
If you lived in United States, you would earn 3.65 times more salary as compared to Panama.
Indicators | United States | Panama |
---|---|---|
Legal Consultation Per Hour Rate | 250 USD | 100 PAB (100 USD) |
Accounting Services Per Hour Rate | 200 USD | 80 PAB (80 USD) |
IT Support Services Per Hour Rate | 150 USD | 80 PAB (80 USD) |
Technician Services Per Hour Rate | 100 USD | 60 PAB (60 USD) |
Professional Services cost 2.19 times more in United States, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between United States and Panama.
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