Cost of living
Somalia compared to Panama
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Overview comparison
SomaliaPanama
Consumer prices in Panama are roughly 45% higher than in Somalia.
Cost of living
| Item | Somalia | Panama |
|---|
| Total with rent one person | 655 | 1,201 |
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| Total with rent family | 2,179 | 2,678 |
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| Without rent one person | 501 | 562 |
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| Without rent one family | 1,557 | 1,566 |
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| Rent & Utilities person | 189.15 | 669.36 |
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| Rent & Utilities family | 637.67 | 1,309.05 |
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| Food person | 294 | 377 |
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| Food family | 586 | 1,074 |
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| Transport person | 62.34 | 58.98 |
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| Transport family | 224.17 | 192.18 |
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| Life expectancy | 59.9 years | 81.24 years |
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Eating Out
| Item | Somalia | Panama |
|---|
| Lunch Menu | 2.57 | 10.31 |
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| Dinner in a Restaurant, for 2 | 36.89 | 59.15 |
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| Fast food meal, equiv. McDonald's | 3.34 | 7.85 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 4.42 | 2.7 |
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| Cappuccino | 1.3 | 3.26 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.64 | 2.23 |
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Rent & Utilities
| Item | Somalia | Panama |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 130.99 | 650.8 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 75.13 | 456.58 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 930.77 | 1,210.08 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 201.36 | 817.44 |
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| Utility Bill one person, electricity, heating, water, etc. | 93.86 | 75.55 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 188.06 | 130.39 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 28.81 | 50.51 |
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Transportation
| Item | Somalia | Panama |
|---|
| Local transport ticket | 11.21 | 7.31 |
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| Monthly ticket local transport | 5,115 | 2,544 |
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| Taxi Ride, 8 km or 5 mi | 902 | 1,344 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.39 | 0.42 |
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| Mortgage Interest Rate for 20 Years | 33.57% | 33.76% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 7.98 | 12.21 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.93 | 1.2 |
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Groceries
| Item | Somalia | Panama |
|---|
| Milk, 1 L or 1 qt | 1.74 | 1.52 |
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| Bread, 0.5 kg or 1.1 lb | 1.58 | 2.16 |
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| Eggs, x12 | 2.36 | 2.26 |
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| Cheese, 1 kg or 2.2 lb | 3.13 | 10.81 |
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| Chicken Breast, 1 kg or 2.2 lb | 5.52 | 7.83 |
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| Round Steak, 1 kg or 2.2 lb | 6.5 | 8.5 |
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| Banana, 1 kg or 2.2 lb | 0.92 | 1.73 |
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| Water, 1 L or 1 qt | 0.49 | 0.98 |
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Other
| Item | Somalia | Panama |
|---|
| Gym Membership, 1 month | 31.56 | 34.98 |
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| Cinema Ticket, 1 person | 24.04 | 6.51 |
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| Doctors visit | 10.61 | 54.26 |
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| Haircut, simple | 55 | 11.87 |
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| Brand Jeans | 14.39 | 45.6 |
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| Brand Sneakers | 52.78 | 95.92 |
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| Daycare or Preschool, 1 month | 69.25 | 438.62 |
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| International Primary School, 1 year | 792 | 11,151 |
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