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

Name: Italy
Address: IT

🙂 Solo nomad: Panama is 18.6% cheaper than Italy without rent, and 14% cheaper with rent.

🙂 Family of 3: Panama is 24% cheaper than Italy without rent, and 9.5% cheaper with rent.

Meal at Budget Restaurant

$9.89 PAB 9.89

$17.66 €15.22

-44.00%

Three-Course Dinner for Two, Mid-Range

$50.8 PAB 50.8

$81.0 €69.8

-37.31%

Fast Food Meal (McDonalds, etc)

$7.62 PAB 7.62

$11.38 €9.81

-33.04%

Cappuccino

$3.60 PAB 3.60

$1.98 €1.71

81.82%

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

$1.47 PAB 1.47

$2.97 €2.56

-50.51%

Water (0.33 liter bottle)

$1.29 PAB 1.29

$1.32 €1.14

-2.27%

Local Beer (0.5 liter draught)

$2.22 PAB 2.22

$5.83 €5.03

-61.92%

Imported Beer (0.33 liter bottle)

$3.73 PAB 3.73

$5.30 €4.57

-29.62%

Milk (1 liter)

$1.80 PAB 1.80

$1.63 €1.41

10.43%

White Bread (500g)

$2.48 PAB 2.48

$2.41 €2.08

2.90%

Rice (white) (1kg)

$2.24 PAB 2.24

$3.04 €2.62

-26.32%

Eggs

$2.60 PAB 2.60

$4.13 €3.56

-37.05%

Local Cheese (1kg)

$11.37 PAB 11.37

$16.37 €14.11

-30.54%

Chicken Fillets (1kg)

$7.20 PAB 7.20

$12.61 €10.87

-42.90%

Beef Round Steak (1kg)

$9.52 PAB 9.52

$20.75 €17.89

-54.12%

Apples (1kg)

$4.02 PAB 4.02

$2.47 €2.13

62.75%

Banana (1kg)

$1.33 PAB 1.33

$2.23 €1.92

-40.36%

Oranges (1kg)

$2.90 PAB 2.90

$2.69 €2.32

7.81%

Tomato (1kg)

$3.04 PAB 3.04

$3.35 €2.89

-9.25%

Potato (1kg)

$2.17 PAB 2.17

$1.93 €1.67

12.44%

Onion (1kg)

$2.37 PAB 2.37

$1.88 €1.62

26.06%

Lettuce (1 head)

$2.14 PAB 2.14

$1.53 €1.32

39.87%

Water (1.5 liter bottle)

$1.63 PAB 1.63

$0.54 €0.47

201.85%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$7.11 €6.13

-15.05%

Wine (Bottle)

$10.18 PAB 10.18

$7.10 €6.12

43.38%

Local Beer (0.5 liter bottle)

$1.25 PAB 1.25

$1.80 €1.55

-30.56%

Imported Beer (0.33 liter bottle)

$2.30 PAB 2.30

$2.52 €2.17

-8.73%

One-way Ticket (Public Transport)

$0.52 PAB 0.52

$1.95 €1.68

-73.33%

Public Transport Monthly Pass (Regular Price)

$25.15 PAB 25.15

$42.04 €36.24

-40.18%

Taxi Start (Normal Tariff)

$2.05 PAB 2.05

$5.96 €5.13

-65.60%

Taxi (Normal Tariff) (1km)

$1.95 PAB 1.95

$1.54 €1.33

26.62%

Taxi 1hour Waiting (Normal Tariff)

$20.88 PAB 20.88

$34.47 €29.71

-39.43%

Gasoline (1 liter)

$0.96 PAB 0.96

$2.10 €1.81

-54.29%

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

$21.6K PAB 21.6K

$32.4K €28.0K

-33.43%

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

$21.2K PAB 21.2K

$33.8K €29.1K

-37.40%

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

$107 PAB 107

$220 €190

-51.29%

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

$28.96 PAB 28.96

$13.51 €11.65

114.36%

Internet (50+ Mbps, Unlimited Data)

$47.54 PAB 47.54

$31.00 €26.72

53.35%

Gym Membership (Monthly)

$50.3 PAB 50.3

$57.9 €49.91

-13.06%

Tennis Court (1 Hour on Weekend)

$34.39 PAB 34.39

$25.31 €21.82

35.88%

Cinema Ticket

$6.90 PAB 6.90

$10.47 €9.02

-34.10%

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

$442 PAB 442

$572 €493

-22.73%

International Primary School, 1 Child (Yearly)

$11.3K PAB 11.3K

$10.5K €9,091

7.62%

Jeans (Levis 501 Or Similar)

$46.73 PAB 46.73

$89.8 €77.4

-47.93%

Summer Dress (H&M, Zara, etc)

$41.09 PAB 41.09

$40.65 €35.04

1.08%

Sport Shoes (Adidas, Nike)

$83.8 PAB 83.8

$100 €86.3

-16.34%

Men's Leather Business Shoes

$117 PAB 117

$133 €115

-12.43%

1-bedroom Apartment, City Center (Monthly)

$948 PAB 948

$841 €725

12.74%

1-bedroom Apartment, Outside City Center (Monthly)

$705 PAB 705

$656 €565

7.53%

3-bedroom Apartment, City Center (Monthly)

$1,721 PAB 1,721

$1,480 €1,276

16.31%

3-bedroom Apartment, Outside City Center (Monthly)

$1,363 PAB 1,363

$1,086 €937

25.46%

Buy Apartment in City Center (m2)

$2,980 PAB 2,980

$3,916 €3,376

-23.90%

Buy Apartment Outside City Center (m2)

$1,704 PAB 1,704

$2,472 €2,131

-31.07%

Average Monthly Net Salary (After Tax)

$799 PAB 799

$1,964 €1,693

-59.33%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.3

4.41

42.86%

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

Last update for Panama: January 13, 2026

Last update for Italy: January 11, 2026

Digital Nomad Cost of Living Index

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

Similar countries

🇵🇱 Poland

🇬🇷 Greece

🇭🇷 Croatia

🇸🇰 Slovakia

🇰🇷 South Korea

🇱🇹 Lithuania

🇨🇷 Costa Rica

🇺🇾 Uruguay