Cost of living

Panama

compared to

Spain

hira
Panama
Spain
Cost of living one person
$1201
$1582
Cost of living Family
$2678
$2980
One person rent
$562
$632
Family rent
$1566
$2148
Food expenses
$377
$397
Transport expenses
$58.98
$97.49
Monthly salary after tax
$695.81
$1810.66
Quality of life
32.63
32.82
Human freedom index
6.82
8.84
Life expectancy
81.24
65.43
English speaking %
13.24%
21.2%
Population
4.2M
46.7M

The average cost of living in Panama ($1201) is 25% less expensive than in Spain ($1582). Panama ranked 56th vs 30th for Spain in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.6 months in Panama compared to 1.2 months in Spain .

Eating Out
Panama
Spain
Lunch Menu
$10.31
$16.71
Dinner in a Restaurant, for 2
$59.15
$56.11
Fast food meal, equiv. McDonald's
$7.85
$10.43
Beer in a Pub, 0.5 L or 16 fl oz
$2.7
$3.19
Cappuccino
$3.26
$2
Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.23
$1.91
Rent & Utilities
Panama
Spain
1 bedroom apartment in city Center, 40 m2 or 430 ft2
$650.8
$899.78
Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$456.58
$658.48
3 bedroom apartment in city Center, 80 m2 or 860 ft2
$1210.08
$1323.45
Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$817.44
$1211.17
Utility Bill one person, electricity, heating, water, etc.
$75.55
$91.15
Utility Bill for a Family, electricity, heating, water, etc.
$130.39
$127.45
Internet plan, 50 Mbps+ 1 month unlimited
$50.51
$38.21
Mortgage Interest Rate for 20 Years
$7.31
$3.25
Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2544
$4614
House price to Buy in Suburbs, 1 m2 or 10 ft2
$1344
$2107
Transportation
Panama
Spain
Local transport ticket
$0.42
$1.81
Monthly ticket local transport
$33.76
$40.82
Taxi Ride, 8 km or 5 mi
$12.21
$14.88
Gas / Petrol, 1 L or 0.26 gal
$1.2
$1.53
Groceries
Panama
Spain
Milk, 1 L or 1 qt
$1.52
$1.23
Bread, 0.5 kg or 1.1 lb
$2.16
$1.56
Rice, 1 kg or 2.2 lb
$2.39
$1.64
Eggs, x12
$2.26
$3.06
Cheese, 1 kg or 2.2 lb
$10.81
$12.79
Chicken Breast, 1 kg or 2.2 lb
$7.83
$9.31
Round Steak, 1 kg or 2.2 lb
$8.5
$14.66
Apples, 1 kg or 2.2 lb
$3.33
$2.4
Banana, 1 kg or 2.2 lb
$1.73
$1.68
Oranges, 1 kg or 2.2 lb
$3.68
$1.75
Tomato, 1 kg or 2.2 lb
$3.39
$2.08
Potato, 1 kg or 2.2 lb
$1.94
$1.54
Onion, 1 kg or 2.2 lb
$2.91
$1.95
Water, 1 L or 1 qt
$0.98
$0.4
Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.12
$2.36
Wine (mid-priced), 750 mL bottle
$7.7
$5.91
Beer, 0.5 L or 16 fl oz
$1.18
$1.25
Cigarette pack
$7.11
$4.79
Cold medicince, 1 week
$14.7
$9.6
Hair Shampoo
$6.24
$3.83
Toilet paper, 4 rolls
$2.52
$1.67
Toothpaste, 1 tube
$2.39
$2.09
Other
Panama
Spain
Gym Membership, 1 month
$34.98
$52.33
Cinema Ticket, 1 person
$6.51
$7.7
Doctor's visit
$54.26
$72.03
Haircut, simple
$11.87
$13.06
Brand Jeans
$45.6
$77.31
Brand Sneakers
$95.92
$68.88
Daycare or Preschool, 1 month
$438.62
$410.21
International Primary School, 1 year
$11151
$8292