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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 2.77 EUR (3.04 USD) in Panama and 5.33 EUR (5.84 USD) in the United States. The price of this product is 48% lower in Panama.

2.77 EUR
5.33 EUR

Banana (1kg)

1 kilogram of bananas costs 1.16 EUR (1.27 USD) in Panama and 2.18 EUR (2.39 USD) in the United States. The price of this product is 46.8% lower in Panama.

1.16 EUR
2.18 EUR

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

One kilogram of beef or similar meat costs 7.41 EUR (8.12 USD) in Panama and 19.15 EUR (20.99 USD) in the United States. The price of this product is 61.3% lower in Panama.

7.41 EUR
19.15 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 8.21 EUR (9 USD) in Panama and 16.42 EUR (18 USD) in the United States. The price of this product is 50% lower in Panama.

8.21 EUR
16.42 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 6.19 EUR (6.78 USD) in Panama and 15.89 EUR (17.42 USD) in the United States. The price of this product is 61% lower in Panama.

6.19 EUR
15.89 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 5.27 EUR (5.78 USD) in Panama and 14.6 EUR (16 USD) in the United States. The price of this product is 63.9% lower in Panama.

5.27 EUR
14.60 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 1.04 EUR (1.14 USD) in Panama and 2.93 EUR (3.21 USD) in the United States. The price of this product is 64.5% lower in Panama.

1.04 EUR
2.93 EUR

Eggs (regular) (12)

You will pay 1.95 EUR (2.14 USD) for 12 eggs in Panama and 4.32 EUR (4.74 USD) in the United States. The price of this product is 54.9% lower in Panama.

1.95 EUR
4.32 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 1.61 EUR (1.76 USD) in Panama and 3.59 EUR (3.93 USD) in the United States. The price of this product is 55.2% lower in Panama.

1.61 EUR
3.59 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

A 0.7 liter bottle of Johnnie Walker Red Label whiskey costs 20.57 EUR (22.54 USD) in Panama and 22.8 EUR (24.99 USD) in the United States. The price of this product is 9.8% lower in Panama.

20.57 EUR
22.80 EUR

Lettuce (1 head)

One head of lettuce costs 1.73 EUR (1.9 USD) in Panama and 2.59 EUR (2.84 USD) in the United States. The price of this product is 33.2% lower in Panama.

1.73 EUR
2.59 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 2 EUR (2.19 USD) in Panama and 3.9 EUR (4.27 USD) in the United States. The price of this product is 48.7% lower in Panama.

2.00 EUR
3.90 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 8.88 EUR (9.73 USD) in Panama and 15.25 EUR (16.71 USD) in the United States. The price of this product is 41.8% lower in Panama.

8.88 EUR
15.25 EUR

Milk (regular), (1 liter)

One liter of milk costs 1.47 EUR (1.61 USD) in Panama and 1.14 EUR (1.25 USD) in the United States. The price of this product is 22.4% lower in the United States.

1.47 EUR
1.14 EUR

Onion (1kg)

One kilogram of onions costs 1.78 EUR (1.95 USD) in Panama and 3.56 EUR (3.9 USD) in the United States. The price of this product is 50% lower in Panama.

1.78 EUR
3.56 EUR

Oranges (1kg)

One kilogram of oranges costs 2.37 EUR (2.6 USD) in Panama and 4.86 EUR (5.33 USD) in the United States. The price of this product is 51.2% lower in Panama.

2.37 EUR
4.86 EUR

Potato (1kg)

One kilogram of potatoes costs 1.78 EUR (1.95 USD) in Panama and 3.89 EUR (4.26 USD) in the United States. The price of this product is 54.2% lower in Panama.

1.78 EUR
3.89 EUR

Rice (white), (1kg)

One kilogram of white rice costs 1.65 EUR (1.81 USD) in Panama and 7.5 EUR (8.22 USD) in the United States. The price of this product is 78% lower in Panama.

1.65 EUR
7.50 EUR

Smirnoff Red Label Vodka 0.7 Litre

A 0.7 liter bottle of Smirnoff Red Label vodka costs 8.96 EUR (9.82 USD) in Panama and 8.19 EUR (8.98 USD) in the United States. The price of this product is 8.6% lower in the United States.

8.96 EUR
8.19 EUR

Tomato (1kg)

One kilogram of tomatoes costs 2.67 EUR (2.93 USD) in Panama and 5.7 EUR (6.25 USD) in the United States. The price of this product is 53.2% lower in Panama.

2.67 EUR
5.70 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 1.37 EUR (1.5 USD) in Panama and 2.28 EUR (2.5 USD) in the United States. The price of this product is 39.9% lower in Panama.

1.37 EUR
2.28 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 3 EUR (3.29 USD) in Panama and 4.76 EUR (5.22 USD) in the United States. The price of this product is 37% lower in Panama.

3.00 EUR
4.76 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 1.39 EUR (1.52 USD) in Panama and 2.55 EUR (2.8 USD) in the United States. The price of this product is 45.5% lower in Panama.

1.39 EUR
2.55 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 1.82 EUR (2 USD) in Panama and 7.3 EUR (8 USD) in the United States. The price of this product is 75.1% lower in Panama.

1.82 EUR
7.30 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 3.19 EUR (3.5 USD) in Panama and 9.12 EUR (10 USD) in the United States. The price of this product is 65% lower in Panama.

3.19 EUR
9.12 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 6.39 EUR (7 USD) in Panama and 10.95 EUR (12 USD) in the United States. The price of this product is 41.6% lower in Panama.

6.39 EUR
10.95 EUR

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

A three-course meal for two people at a mid-range restaurant costs 45.62 EUR (50 USD) in Panama and 91.24 EUR (100 USD) in the United States. The price of this product is 50% lower in Panama.

45.62 EUR
91.24 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 7.3 EUR (8 USD) in Panama and 22.81 EUR (25 USD) in the United States. The price of this product is 68% lower in Panama.

7.30 EUR
22.81 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 1.09 EUR (1.19 USD) in Panama and 2.01 EUR (2.2 USD) in the United States. The price of this product is 45.8% lower in Panama.

1.09 EUR
2.01 EUR

Fuel

EURUSD

Panama vs. United States - expenses related to fuel. You would pay 1.06 times less for fuel in Panama than in the United States.

Diesel 1L

A liter of diesel costs 0.75 EUR (0.82 USD) in Panama and 0.86 EUR (0.95 USD) in the United States. The price of this product is 12.8% lower in Panama.

0.75 EUR
0.86 EUR

Gasoline 1L

A liter of gasoline costs 0.86 EUR (0.94 USD) in Panama and 0.84 EUR (0.92 USD) in the United States. The price of this product is 2.3% lower in the United States.

0.86 EUR
0.84 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 27.37 EUR (30 USD) in Panama and 117.7 EUR (129 USD) in the United States. The price of this product is 76.7% lower in Panama.

27.37 EUR
117.70 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 0.32 EUR (0.35 USD) in Panama and 2.51 EUR (2.75 USD) in the United States. The price of this product is 87.3% lower in Panama.

0.32 EUR
2.51 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 18.25 EUR (20 USD) in Panama and 27.37 EUR (30 USD) in the United States. The price of this product is 33.3% lower in Panama.

18.25 EUR
27.37 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.82 EUR (2 USD) in Panama and 1.7 EUR (1.86 USD) in the United States. The price of this product is 6.6% lower in the United States.

1.82 EUR
1.70 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 1.82 EUR (2 USD) in Panama and 4.11 EUR (4.5 USD) in the United States. The price of this product is 55.7% lower in Panama.

1.82 EUR
4.11 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 5.47 EUR (6 USD) in Panama and 16.42 EUR (18 USD) in the United States. The price of this product is 66.7% lower in Panama.

5.47 EUR
16.42 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 42.05 EUR (46.09 USD) in Panama and 89.66 EUR (98.26 USD) in the United States. The price of this product is 53.1% lower in Panama.

42.05 EUR
89.66 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 24.92 EUR (27.31 USD) in Panama and 34.67 EUR (38 USD) in the United States. The price of this product is 28.1% lower in Panama.

24.92 EUR
34.67 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 709.55 EUR (777.64 USD) in Panama and 3468 EUR (3800.48 USD) in the United States. The price of this product is 79.5% lower in Panama.

709.55 EUR
3 468 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 418.68 EUR (458.86 USD) in Panama and 2172 EUR (2380.18 USD) in the United States. The price of this product is 80.7% lower in Panama.

418.68 EUR
2 172 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 1329 EUR (1456.58 USD) in Panama and 6473 EUR (7094.09 USD) in the United States. The price of this product is 79.5% lower in Panama.

1 329 EUR
6 473 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 758.02 EUR (830.76 USD) in Panama and 3748 EUR (4107.47 USD) in the United States. The price of this product is 79.8% lower in Panama.

758.02 EUR
3 748 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 1860 EUR (2038.66 USD) in Panama and 13028 EUR (14277.9 USD) in the United States. The price of this product is 85.7% lower in Panama.

1 860 EUR
13 028 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 1105 EUR (1210.68 USD) in Panama and 8463 EUR (9275.19 USD) in the United States. The price of this product is 86.9% lower in Panama.

1 105 EUR
8 463 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 691.02 EUR (757.34 USD) in Panama and 5472 EUR (5996.99 USD) in the United States. The average salary is 87.4% lower in Panama.

691.02 EUR
5 472 EUR

Hotels

EURUSD

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

One star

50.6 EUR
94.7 EUR

Two stars

108 EUR
133 EUR

Three stars

160 EUR
178 EUR

Four stars

159 EUR
230 EUR

Five stars

271 EUR
548 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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