Cost of Living Comparison Between Italy and Panama Cost of Living Comparison Between Italy and Panama

Name: Panama
Address: PA

😐 Solo nomad: Italy is 22.9% more expensive than Panama without rent, and 16.3% more expensive with rent.

😐 Family of 3: Italy is 31.5% more expensive than Panama without rent, and 10.5% more expensive with rent.

Meal at Budget Restaurant

$17.66 €15.22

$9.89 PAB 9.89

78.56%

Three-Course Dinner for Two, Mid-Range

$81.0 €69.8

$50.8 PAB 50.8

59.52%

Fast Food Meal (McDonalds, etc)

$11.38 €9.81

$7.62 PAB 7.62

49.34%

Cappuccino

$1.98 €1.71

$3.60 PAB 3.60

-45.00%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.97 €2.56

$1.47 PAB 1.47

102.04%

Water (0.33 liter bottle)

$1.32 €1.14

$1.29 PAB 1.29

2.33%

Local Beer (0.5 liter draught)

$5.83 €5.03

$2.22 PAB 2.22

162.61%

Imported Beer (0.33 liter bottle)

$5.30 €4.57

$3.73 PAB 3.73

42.09%

Milk (1 liter)

$1.63 €1.41

$1.80 PAB 1.80

-9.44%

White Bread (500g)

$2.41 €2.08

$2.48 PAB 2.48

-2.82%

Rice (white) (1kg)

$3.04 €2.62

$2.24 PAB 2.24

35.71%

Eggs

$4.13 €3.56

$2.60 PAB 2.60

58.85%

Local Cheese (1kg)

$16.37 €14.11

$11.37 PAB 11.37

43.98%

Chicken Fillets (1kg)

$12.61 €10.87

$7.20 PAB 7.20

75.14%

Beef Round Steak (1kg)

$20.75 €17.89

$9.52 PAB 9.52

117.96%

Apples (1kg)

$2.47 €2.13

$4.02 PAB 4.02

-38.56%

Banana (1kg)

$2.23 €1.92

$1.33 PAB 1.33

67.67%

Oranges (1kg)

$2.69 €2.32

$2.90 PAB 2.90

-7.24%

Tomato (1kg)

$3.35 €2.89

$3.04 PAB 3.04

10.20%

Potato (1kg)

$1.93 €1.67

$2.17 PAB 2.17

-11.06%

Onion (1kg)

$1.88 €1.62

$2.37 PAB 2.37

-20.68%

Lettuce (1 head)

$1.53 €1.32

$2.14 PAB 2.14

-28.50%

Water (1.5 liter bottle)

$0.54 €0.47

$1.63 PAB 1.63

-66.87%

Cigarettes 20 Pack (Marlboro, Camel)

$7.11 €6.13

$6.04 PAB 6.04

17.72%

Wine (Bottle)

$7.10 €6.12

$10.18 PAB 10.18

-30.26%

Local Beer (0.5 liter bottle)

$1.80 €1.55

$1.25 PAB 1.25

44.00%

Imported Beer (0.33 liter bottle)

$2.52 €2.17

$2.30 PAB 2.30

9.57%

One-way Ticket (Public Transport)

$1.95 €1.68

$0.52 PAB 0.52

275.00%

Public Transport Monthly Pass (Regular Price)

$42.04 €36.24

$25.15 PAB 25.15

67.16%

Taxi Start (Normal Tariff)

$5.96 €5.13

$2.05 PAB 2.05

190.73%

Taxi (Normal Tariff) (1km)

$1.54 €1.33

$1.95 PAB 1.95

-21.03%

Taxi 1hour Waiting (Normal Tariff)

$34.47 €29.71

$20.88 PAB 20.88

65.09%

Gasoline (1 liter)

$2.10 €1.81

$0.96 PAB 0.96

118.75%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$32.4K €28.0K

$21.6K PAB 21.6K

50.22%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$33.8K €29.1K

$21.2K PAB 21.2K

59.73%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$220 €190

$107 PAB 107

105.28%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$13.51 €11.65

$28.96 PAB 28.96

-53.35%

Internet (50+ Mbps, Unlimited Data)

$31.00 €26.72

$47.54 PAB 47.54

-34.79%

Gym Membership (Monthly)

$57.9 €49.91

$50.3 PAB 50.3

15.02%

Tennis Court (1 Hour on Weekend)

$25.31 €21.82

$34.39 PAB 34.39

-26.40%

Cinema Ticket

$10.47 €9.02

$6.90 PAB 6.90

51.74%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$572 €493

$442 PAB 442

29.41%

International Primary School, 1 Child (Yearly)

$10.5K €9,091

$11.3K PAB 11.3K

-7.08%

Jeans (Levis 501 Or Similar)

$89.8 €77.4

$46.73 PAB 46.73

92.06%

Summer Dress (H&M, Zara, etc)

$40.65 €35.04

$41.09 PAB 41.09

-1.07%

Sport Shoes (Adidas, Nike)

$100 €86.3

$83.8 PAB 83.8

19.53%

Men's Leather Business Shoes

$133 €115

$117 PAB 117

14.20%

1-bedroom Apartment, City Center (Monthly)

$841 €725

$948 PAB 948

-11.30%

1-bedroom Apartment, Outside City Center (Monthly)

$656 €565

$705 PAB 705

-7.00%

3-bedroom Apartment, City Center (Monthly)

$1,480 €1,276

$1,721 PAB 1,721

-14.02%

3-bedroom Apartment, Outside City Center (Monthly)

$1,086 €937

$1,363 PAB 1,363

-20.29%

Buy Apartment in City Center (m2)

$3,916 €3,376

$2,980 PAB 2,980

31.41%

Buy Apartment Outside City Center (m2)

$2,472 €2,131

$1,704 PAB 1,704

45.08%

Average Monthly Net Salary (After Tax)

$1,964 €1,693

$799 PAB 799

145.85%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.41

6.3

-30.00%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Italy: January 11, 2026

Last update for Panama: January 13, 2026

Digital Nomad Cost of Living Index

Cost of Living Comparison Between Italy and Panama Cost of Living Comparison Between Italy and Panama

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