Cost of living
Latvia compared to Panama
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Overview comparison
LatviaPanama
Consumer prices in Latvia are roughly 8% higher than in Panama.
Cost of living
| Item | Latvia | Panama |
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| Total with rent one person | 1,040 | 1,201 |
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| Total with rent family | 2,203 | 2,678 |
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| Without rent one person | 568 | 562 |
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| Without rent one family | 1,789 | 1,566 |
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| Rent & Utilities person | 593.39 | 669.36 |
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| Rent & Utilities family | 1,035.05 | 1,309.05 |
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| Food person | 319 | 377 |
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| Food family | 1,094 | 1,074 |
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| Transport person | 59.12 | 58.98 |
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| Transport family | 171.01 | 192.18 |
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| Life expectancy | 89.42 years | 81.24 years |
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Eating Out
| Item | Latvia | Panama |
|---|
| Lunch Menu | 8.94 | 10.31 |
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| Dinner in a Restaurant, for 2 | 59.79 | 59.15 |
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| Fast food meal, equiv. McDonald's | 6.24 | 7.85 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 5.5 | 2.7 |
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| Cappuccino | 3.27 | 3.26 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.73 | 2.23 |
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Rent & Utilities
| Item | Latvia | Panama |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 536 | 650.8 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 355.84 | 456.58 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 814.04 | 1,210.08 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 646.88 | 817.44 |
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| Utility Bill one person, electricity, heating, water, etc. | 185.74 | 75.55 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 314.17 | 130.39 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 14.77 | 50.51 |
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Transportation
| Item | Latvia | Panama |
|---|
| Local transport ticket | 4.08 | 7.31 |
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| Monthly ticket local transport | 1,834 | 2,544 |
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| Taxi Ride, 8 km or 5 mi | 1,386 | 1,344 |
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| Gas / Petrol, 1 L or 0.26 gal | 1.31 | 0.42 |
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| Mortgage Interest Rate for 20 Years | 41.1% | 33.76% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 9.62 | 12.21 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.68 | 1.2 |
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Groceries
| Item | Latvia | Panama |
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| Milk, 1 L or 1 qt | 1.03 | 1.52 |
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| Bread, 0.5 kg or 1.1 lb | 1.43 | 2.16 |
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| Eggs, x12 | 3.16 | 2.26 |
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| Cheese, 1 kg or 2.2 lb | 12.03 | 10.81 |
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| Chicken Breast, 1 kg or 2.2 lb | 8.57 | 7.83 |
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| Round Steak, 1 kg or 2.2 lb | 9.11 | 8.5 |
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| Banana, 1 kg or 2.2 lb | 1.89 | 1.73 |
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| Water, 1 L or 1 qt | 0.64 | 0.98 |
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Other
| Item | Latvia | Panama |
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| Gym Membership, 1 month | 50.07 | 34.98 |
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| Cinema Ticket, 1 person | 9.67 | 6.51 |
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| Doctors visit | 36.56 | 54.26 |
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| Haircut, simple | 15.82 | 11.87 |
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| Brand Jeans | 77.08 | 45.6 |
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| Brand Sneakers | 79.18 | 95.92 |
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| Daycare or Preschool, 1 month | 489.96 | 438.62 |
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| International Primary School, 1 year | 15,507 | 11,151 |
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