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  3. Cost of Living & Prices: Panama vs. United States

Cost of Living & Prices:
Panama vs. United States

Compare the cost of living and prices of goods and services, such as consumer goods prices, housing costs, average wages and more, to learn about differences and similarities between countries.

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Table of contents

Grocery

EURUSD

Panama vs. United States - grocery purchase prices. You would pay on average 1.83 times less for grocery shopping in Panama than in the United States.

Apples (1kg)

One kilogram of apples costs 2.68 EUR (3.04 USD) in Panama and 5.15 EUR (5.84 USD) in the United States. The price of this product is 48% lower in Panama.

2.68 EUR
5.15 EUR

Banana (1kg)

1 kilogram of bananas costs 1.12 EUR (1.27 USD) in Panama and 2.11 EUR (2.39 USD) in the United States. The price of this product is 46.9% lower in Panama.

1.12 EUR
2.11 EUR

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

One kilogram of beef or similar meat costs 7.15 EUR (8.12 USD) in Panama and 18.49 EUR (20.99 USD) in the United States. The price of this product is 61.3% lower in Panama.

7.15 EUR
18.49 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 7.93 EUR (9 USD) in Panama and 15.86 EUR (18 USD) in the United States. The price of this product is 50% lower in Panama.

7.93 EUR
15.86 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 5.97 EUR (6.78 USD) in Panama and 15.35 EUR (17.42 USD) in the United States. The price of this product is 61.1% lower in Panama.

5.97 EUR
15.35 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 5.09 EUR (5.78 USD) in Panama and 14.1 EUR (16 USD) in the United States. The price of this product is 63.9% lower in Panama.

5.09 EUR
14.10 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 1 EUR (1.14 USD) in Panama and 2.83 EUR (3.21 USD) in the United States. The price of this product is 64.7% lower in Panama.

1.00 EUR
2.83 EUR

Eggs (regular) (12)

You will pay 1.89 EUR (2.14 USD) for 12 eggs in Panama and 4.18 EUR (4.74 USD) in the United States. The price of this product is 54.8% lower in Panama.

1.89 EUR
4.18 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 1.55 EUR (1.76 USD) in Panama and 3.46 EUR (3.93 USD) in the United States. The price of this product is 55.2% lower in Panama.

1.55 EUR
3.46 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

A 0.7 liter bottle of Johnnie Walker Red Label whiskey costs 19.86 EUR (22.54 USD) in Panama and 22.02 EUR (24.99 USD) in the United States. The price of this product is 9.8% lower in Panama.

19.86 EUR
22.02 EUR

Lettuce (1 head)

One head of lettuce costs 1.67 EUR (1.9 USD) in Panama and 2.5 EUR (2.84 USD) in the United States. The price of this product is 33.2% lower in Panama.

1.67 EUR
2.50 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 1.93 EUR (2.19 USD) in Panama and 3.76 EUR (4.27 USD) in the United States. The price of this product is 48.7% lower in Panama.

1.93 EUR
3.76 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 8.57 EUR (9.73 USD) in Panama and 14.72 EUR (16.71 USD) in the United States. The price of this product is 41.8% lower in Panama.

8.57 EUR
14.72 EUR

Milk (regular), (1 liter)

One liter of milk costs 1.42 EUR (1.61 USD) in Panama and 1.1 EUR (1.25 USD) in the United States. The price of this product is 22.5% lower in the United States.

1.42 EUR
1.10 EUR

Onion (1kg)

One kilogram of onions costs 1.72 EUR (1.95 USD) in Panama and 3.44 EUR (3.9 USD) in the United States. The price of this product is 50% lower in Panama.

1.72 EUR
3.44 EUR

Oranges (1kg)

One kilogram of oranges costs 2.29 EUR (2.6 USD) in Panama and 4.7 EUR (5.33 USD) in the United States. The price of this product is 51.3% lower in Panama.

2.29 EUR
4.70 EUR

Potato (1kg)

One kilogram of potatoes costs 1.72 EUR (1.95 USD) in Panama and 3.75 EUR (4.26 USD) in the United States. The price of this product is 54.1% lower in Panama.

1.72 EUR
3.75 EUR

Rice (white), (1kg)

One kilogram of white rice costs 1.59 EUR (1.81 USD) in Panama and 7.24 EUR (8.22 USD) in the United States. The price of this product is 78% lower in Panama.

1.59 EUR
7.24 EUR

Smirnoff Red Label Vodka 0.7 Litre

A 0.7 liter bottle of Smirnoff Red Label vodka costs 8.65 EUR (9.82 USD) in Panama and 7.91 EUR (8.98 USD) in the United States. The price of this product is 8.6% lower in the United States.

8.65 EUR
7.91 EUR

Tomato (1kg)

One kilogram of tomatoes costs 2.58 EUR (2.93 USD) in Panama and 5.51 EUR (6.25 USD) in the United States. The price of this product is 53.2% lower in Panama.

2.58 EUR
5.51 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 1.32 EUR (1.5 USD) in Panama and 2.2 EUR (2.5 USD) in the United States. The price of this product is 40% lower in Panama.

1.32 EUR
2.20 EUR

Restaurant

EURUSD

Panama vs. United States - expenses on meals in restaurants. You would pay 2.16 times less for meals in restaurants in Panama than in the United States.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 2.9 EUR (3.29 USD) in Panama and 4.6 EUR (5.22 USD) in the United States. The price of this product is 37% lower in Panama.

2.90 EUR
4.60 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 1.34 EUR (1.52 USD) in Panama and 2.47 EUR (2.8 USD) in the United States. The price of this product is 45.7% lower in Panama.

1.34 EUR
2.47 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 1.76 EUR (2 USD) in Panama and 7.05 EUR (8 USD) in the United States. The price of this product is 75% lower in Panama.

1.76 EUR
7.05 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 3.08 EUR (3.5 USD) in Panama and 8.81 EUR (10 USD) in the United States. The price of this product is 65% lower in Panama.

3.08 EUR
8.81 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 6.17 EUR (7 USD) in Panama and 10.57 EUR (12 USD) in the United States. The price of this product is 41.6% lower in Panama.

6.17 EUR
10.57 EUR

Meal for 2 People, Mid-range Restaurant, Three-course

A three-course meal for two people at a mid-range restaurant costs 44.05 EUR (50 USD) in Panama and 88.11 EUR (100 USD) in the United States. The price of this product is 50% lower in Panama.

44.05 EUR
88.11 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 7.05 EUR (8 USD) in Panama and 22.03 EUR (25 USD) in the United States. The price of this product is 68% lower in Panama.

7.05 EUR
22.03 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 1.05 EUR (1.19 USD) in Panama and 1.94 EUR (2.2 USD) in the United States. The price of this product is 45.9% lower in Panama.

1.05 EUR
1.94 EUR

Fuel

EURUSD

Panama vs. United States - expenses related to fuel. You would pay 1.05 times less for fuel in Panama than in the United States.

Diesel 1L

A liter of diesel costs 0.73 EUR (0.82 USD) in Panama and 0.83 EUR (0.95 USD) in the United States. The price of this product is 12% lower in Panama.

0.73 EUR
0.83 EUR

Gasoline 1L

A liter of gasoline costs 0.83 EUR (0.94 USD) in Panama and 0.81 EUR (0.92 USD) in the United States. The price of this product is 2.4% lower in the United States.

0.83 EUR
0.81 EUR

Transportation

EURUSD

Panama vs. United States - costs of transportation and public communication. You would pay 3.09 times less for transportation in Panama than in the United States.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 26.43 EUR (30 USD) in Panama and 113.66 EUR (129 USD) in the United States. The price of this product is 76.7% lower in Panama.

26.43 EUR
113.66 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 0.31 EUR (0.35 USD) in Panama and 2.42 EUR (2.75 USD) in the United States. The price of this product is 87.2% lower in Panama.

0.31 EUR
2.42 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 17.62 EUR (20 USD) in Panama and 26.43 EUR (30 USD) in the United States. The price of this product is 33.3% lower in Panama.

17.62 EUR
26.43 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.76 EUR (2 USD) in Panama and 1.64 EUR (1.86 USD) in the United States. The price of this product is 6.8% lower in the United States.

1.76 EUR
1.64 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 1.76 EUR (2 USD) in Panama and 3.96 EUR (4.5 USD) in the United States. The price of this product is 55.6% lower in Panama.

1.76 EUR
3.96 EUR

Sports & entertainment

EURUSD

Panama vs. United States - costs related to entertainment and sports.

Cinema, International Release, 1 Seat

The ticket price for a foreign film in the cinema is 5.29 EUR (6 USD) in Panama and 15.86 EUR (18 USD) in the United States. The price of this product is 66.6% lower in Panama.

5.29 EUR
15.86 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 40.61 EUR (46.09 USD) in Panama and 86.57 EUR (98.26 USD) in the United States. The price of this product is 53.1% lower in Panama.

40.61 EUR
86.57 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 24.06 EUR (27.31 USD) in Panama and 33.48 EUR (38 USD) in the United States. The price of this product is 28.1% lower in Panama.

24.06 EUR
33.48 EUR

Flats for rent

EURUSD

Panama vs. United States - costs of renting an apartment. You would pay about 4.93 times less for renting an apartment in Panama than in the United States.

Apartment (1 bedroom) in City Centre

For renting an apartment in the city center consisting of a living room and one bedroom, you will pay 685.16 EUR (777.64 USD) in Panama and 3349 EUR (3800.48 USD) in the United States. The price of this product is 79.5% lower in Panama.

685.16 EUR
3 349 EUR

Apartment (1 bedroom) Outside of Centre

For renting an apartment outside the city center consisting of a living room and one bedroom, you will pay 404.29 EUR (458.86 USD) in Panama and 2097 EUR (2380.18 USD) in the United States. The price of this product is 80.7% lower in Panama.

404.29 EUR
2 097 EUR

Apartment (3 bedrooms) in City Centre

For renting an apartment in the city center consisting of a living room and three bedrooms, you will pay 1283 EUR (1456.58 USD) in Panama and 6250 EUR (7094.09 USD) in the United States. The price of this product is 79.5% lower in Panama.

1 283 EUR
6 250 EUR

Apartment (3 bedrooms) Outside of Centre

For renting an apartment outside the city center consisting of a living room and three bedrooms, you will pay 731.96 EUR (830.76 USD) in Panama and 3619 EUR (4107.47 USD) in the United States. The price of this product is 79.8% lower in Panama.

731.96 EUR
3 619 EUR

Flats for sale

EURUSD

Panama vs. United States - costs of purchasing an apartment. You would pay 7.25 times less for buying an apartment in Panama than in the United States.

Price per Square Meter to Buy Apartment in City Centre

For one square meter of an apartment in the city center you will pay 1796 EUR (2038.66 USD) in Panama and 12580 EUR (14277.9 USD) in the United States. The price of this product is 85.7% lower in Panama.

1 796 EUR
12 580 EUR

Price per Square Meter to Buy Apartment Outside of Centre

For one square meter of an apartment outside the city center, you will pay 1067 EUR (1210.68 USD) in Panama and 8172 EUR (9275.19 USD) in the United States. The price of this product is 86.9% lower in Panama.

1 067 EUR
8 172 EUR

Salary

EURUSD

Panama vs. United States - average salary. The average salary in Panama is 7.92 times lower than in the United States.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 667.27 EUR (757.34 USD) in Panama and 5284 EUR (5996.99 USD) in the United States. The average salary is 87.4% lower in Panama.

667.27 EUR
5 284 EUR

Hotels

EURUSD

Panama vs. United States - prices of accommodation in hostels, guesthouses, and hotels.

One star

48.8 EUR
91.4 EUR

Two stars

104 EUR
129 EUR

Three stars

155 EUR
172 EUR

Four stars

154 EUR
222 EUR

Five stars

262 EUR
530 EUR

Average accommodation prices based on Expedia.com data • Update: 15 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • Panama: 6 cities, 124 hotels • United States: 20 cities, 3762 hotels

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