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

Cost of Living & Prices:
United States vs. Panama

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

United States vs. Panama - grocery purchase prices. You would pay on average 1.74 times more for grocery shopping in the United States than in Panama.

Apples (1kg)

One kilogram of apples costs 6.39 EUR (7.41 USD) in the United States and 3.42 EUR (3.96 USD) in Panama. The price of this product is 46.5% lower in Panama.

6.39 EUR
3.42 EUR

Banana (1kg)

1 kilogram of bananas costs 2.17 EUR (2.52 USD) in the United States and 1.16 EUR (1.35 USD) in Panama. The price of this product is 46.5% lower in Panama.

2.17 EUR
1.16 EUR

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

One kilogram of beef or similar meat costs 17.2 EUR (19.94 USD) in the United States and 8 EUR (9.28 USD) in Panama. The price of this product is 53.5% lower in Panama.

17.20 EUR
8.00 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 15.53 EUR (18 USD) in the United States and 8.63 EUR (10 USD) in Panama. The price of this product is 44.4% lower in Panama.

15.53 EUR
8.63 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 13.87 EUR (16.08 USD) in the United States and 6.25 EUR (7.25 USD) in Panama. The price of this product is 54.9% lower in Panama.

13.87 EUR
6.25 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 16.39 EUR (19 USD) in the United States and 5.11 EUR (5.92 USD) in Panama. The price of this product is 68.8% lower in Panama.

16.39 EUR
5.11 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 2.88 EUR (3.34 USD) in the United States and 1.06 EUR (1.23 USD) in Panama. The price of this product is 63.2% lower in Panama.

2.88 EUR
1.06 EUR

Eggs (regular) (12)

You will pay 6.2 EUR (7.19 USD) for 12 eggs in the United States and 2.29 EUR (2.66 USD) in Panama. The price of this product is 63.1% lower in Panama.

6.20 EUR
2.29 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 3.29 EUR (3.81 USD) in the United States and 1.92 EUR (2.23 USD) in Panama. The price of this product is 41.6% lower in Panama.

3.29 EUR
1.92 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

A 0.7 liter bottle of Johnnie Walker Red Label whiskey costs 21.56 EUR (24.99 USD) in the United States and 19.44 EUR (22.54 USD) in Panama. The price of this product is 9.8% lower in Panama.

21.56 EUR
19.44 EUR

Lettuce (1 head)

One head of lettuce costs 2.54 EUR (2.94 USD) in the United States and 1.82 EUR (2.11 USD) in Panama. The price of this product is 28.3% lower in Panama.

2.54 EUR
1.82 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 4.32 EUR (5.01 USD) in the United States and 2.1 EUR (2.43 USD) in Panama. The price of this product is 51.4% lower in Panama.

4.32 EUR
2.10 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 14.8 EUR (17.16 USD) in the United States and 9.76 EUR (11.32 USD) in Panama. The price of this product is 34.1% lower in Panama.

14.80 EUR
9.76 EUR

Milk (regular), (1 liter)

One liter of milk costs 1.37 EUR (1.59 USD) in the United States and 1.56 EUR (1.81 USD) in Panama. The price of this product is 12.2% lower in the United States.

1.37 EUR
1.56 EUR

Onion (1kg)

One kilogram of onions costs 3.46 EUR (4.01 USD) in the United States and 2.08 EUR (2.41 USD) in Panama. The price of this product is 39.9% lower in Panama.

3.46 EUR
2.08 EUR

Oranges (1kg)

One kilogram of oranges costs 4.93 EUR (5.72 USD) in the United States and 2.51 EUR (2.91 USD) in Panama. The price of this product is 49.1% lower in Panama.

4.93 EUR
2.51 EUR

Potato (1kg)

One kilogram of potatoes costs 3.23 EUR (3.74 USD) in the United States and 1.85 EUR (2.14 USD) in Panama. The price of this product is 42.7% lower in Panama.

3.23 EUR
1.85 EUR

Rice (white), (1kg)

One kilogram of white rice costs 7.13 EUR (8.27 USD) in the United States and 1.98 EUR (2.29 USD) in Panama. The price of this product is 72.2% lower in Panama.

7.13 EUR
1.98 EUR

Smirnoff Red Label Vodka 0.7 Litre

A 0.7 liter bottle of Smirnoff Red Label vodka costs 7.75 EUR (8.98 USD) in the United States and 8.47 EUR (9.82 USD) in Panama. The price of this product is 8.5% lower in the United States.

7.75 EUR
8.47 EUR

Tomato (1kg)

One kilogram of tomatoes costs 5.49 EUR (6.37 USD) in the United States and 2.59 EUR (3 USD) in Panama. The price of this product is 52.8% lower in Panama.

5.49 EUR
2.59 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 2.15 EUR (2.49 USD) in the United States and 1.37 EUR (1.59 USD) in Panama. The price of this product is 36.3% lower in Panama.

2.15 EUR
1.37 EUR

Restaurant

EURUSD

United States vs. Panama - expenses on meals in restaurants. You would pay 2.6 times more for meals in restaurants in the United States than in Panama.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 5.05 EUR (5.86 USD) in the United States and 3.07 EUR (3.56 USD) in Panama. The price of this product is 39.2% lower in Panama.

5.05 EUR
3.07 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 2.85 EUR (3.3 USD) in the United States and 1.3 EUR (1.51 USD) in Panama. The price of this product is 54.4% lower in Panama.

2.85 EUR
1.30 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 6.9 EUR (8 USD) in the United States and 1.94 EUR (2.25 USD) in Panama. The price of this product is 71.9% lower in Panama.

6.90 EUR
1.94 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 10.35 EUR (12 USD) in the United States and 3.45 EUR (4 USD) in Panama. The price of this product is 66.7% lower in Panama.

10.35 EUR
3.45 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 10.35 EUR (12 USD) in the United States and 6.9 EUR (8 USD) in Panama. The price of this product is 33.3% lower in Panama.

10.35 EUR
6.90 EUR

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

A three-course meal for two people at a mid-range restaurant costs 120.76 EUR (140 USD) in the United States and 43.13 EUR (50 USD) in Panama. The price of this product is 64.3% lower in Panama.

120.76 EUR
43.13 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 22.43 EUR (26 USD) in the United States and 8.63 EUR (10 USD) in Panama. The price of this product is 61.5% lower in Panama.

22.43 EUR
8.63 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 2.2 EUR (2.55 USD) in the United States and 1.1 EUR (1.28 USD) in Panama. The price of this product is 50% lower in Panama.

2.20 EUR
1.10 EUR

Fuel

EURUSD

United States vs. Panama - expenses related to fuel. You would pay 1.07 times more for fuel in the United States than in Panama.

Diesel 1L

A liter of diesel costs 0.85 EUR (0.99 USD) in the United States and 0.73 EUR (0.84 USD) in Panama. The price of this product is 14.1% lower in Panama.

0.85 EUR
0.73 EUR

Gasoline 1L

A liter of gasoline costs 0.8 EUR (0.93 USD) in the United States and 0.81 EUR (0.94 USD) in Panama. The price of this product is 1.2% lower in the United States.

0.80 EUR
0.81 EUR

Transportation

EURUSD

United States vs. Panama - costs of transportation and public communication. You would pay 3.64 times more for transportation in the United States than in Panama.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 113.86 EUR (132 USD) in the United States and 21.56 EUR (25 USD) in Panama. The price of this product is 81.1% lower in Panama.

113.86 EUR
21.56 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 2.5 EUR (2.9 USD) in the United States and 0.43 EUR (0.5 USD) in Panama. The price of this product is 82.8% lower in Panama.

2.50 EUR
0.43 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 36.23 EUR (42 USD) in the United States and 18.11 EUR (21 USD) in Panama. The price of this product is 50% lower in Panama.

36.23 EUR
18.11 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.87 EUR (2.17 USD) in the United States and 1.73 EUR (2 USD) in Panama. The price of this product is 7.5% lower in Panama.

1.87 EUR
1.73 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 4.3 EUR (4.99 USD) in the United States and 1.73 EUR (2 USD) in Panama. The price of this product is 59.8% lower in Panama.

4.30 EUR
1.73 EUR

Sports & entertainment

EURUSD

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

Cinema, International Release, 1 Seat

The ticket price for a foreign film in the cinema is 17.25 EUR (20 USD) in the United States and 6.47 EUR (7.5 USD) in Panama. The price of this product is 62.5% lower in Panama.

17.25 EUR
6.47 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 136.08 EUR (157.77 USD) in the United States and 44.79 EUR (51.93 USD) in Panama. The price of this product is 67.1% lower in Panama.

136.08 EUR
44.79 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 56.07 EUR (65 USD) in the United States and 29.11 EUR (33.75 USD) in Panama. The price of this product is 48.1% lower in Panama.

56.07 EUR
29.11 EUR

Flats for rent

EURUSD

United States vs. Panama - costs of renting an apartment. You would pay about 4.24 times more for renting an apartment in the United States than in Panama.

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 3500 EUR (4057.67 USD) in the United States and 804.4 EUR (932.58 USD) in Panama. The price of this product is 77% lower in Panama.

3 500 EUR
804.40 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 2194 EUR (2543.17 USD) in the United States and 617.01 EUR (715.33 USD) in Panama. The price of this product is 71.9% lower in Panama.

2 194 EUR
617.01 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 7091 EUR (8221.43 USD) in the United States and 1468 EUR (1702.13 USD) in Panama. The price of this product is 79.3% lower in Panama.

7 091 EUR
1 468 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 4508 EUR (5226.67 USD) in the United States and 1191 EUR (1381.03 USD) in Panama. The price of this product is 73.6% lower in Panama.

4 508 EUR
1 191 EUR

Flats for sale

EURUSD

United States vs. Panama - costs of purchasing an apartment. You would pay 8.3 times more for buying an apartment in the United States than in Panama.

Price per Square Meter to Buy Apartment in City Centre

For one square meter of an apartment in the city center you will pay 14970 EUR (17355.2 USD) in the United States and 1736 EUR (2012.06 USD) in Panama. The price of this product is 88.4% lower in Panama.

14 970 EUR
1 736 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 10502 EUR (12176.1 USD) in the United States and 1333 EUR (1545.31 USD) in Panama. The price of this product is 87.3% lower in Panama.

10 502 EUR
1 333 EUR

Salary

EURUSD

United States vs. Panama - average salary. The average salary in the United States is 6.21 times higher than in Panama.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 4438 EUR (5145.25 USD) in the United States and 714.12 EUR (827.92 USD) in Panama. The average salary is 83.9% lower in Panama.

4 438 EUR
714.12 EUR

Hotels

EURUSD

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

One star

89.5 EUR
47.8 EUR

Two stars

126 EUR
102 EUR

Three stars

168 EUR
152 EUR

Four stars

218 EUR
151 EUR

Five stars

518 EUR
256 EUR

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

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