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

Name: Italy
Address: IT

🙂 Solo nomad: Panama is 15.9% cheaper than Italy without rent, and 12.9% cheaper with rent.

🙂 Family of 3: Panama is 22.2% cheaper than Italy without rent, and 12.3% cheaper with rent.

Meal at Budget Restaurant

$10.18 PAB 10.18

$17.2 €14.85

-40.81%

Three-Course Dinner for Two, Mid-Range

$50.5 PAB 50.5

$80 €69.1

-36.96%

Fast Food Meal (McDonalds, etc)

$7.58 PAB 7.58

$11.38 €9.82

-33.39%

Cappuccino

$3.55 PAB 3.55

$2 €1.72

77.50%

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

$1.51 PAB 1.51

$2.87 €2.48

-47.39%

Water (0.33 liter bottle)

$1.23 PAB 1.23

$1.35 €1.17

-8.89%

Local Beer (0.5 liter draught)

$2.23 PAB 2.23

$5.68 €4.91

-60.74%

Imported Beer (0.33 liter bottle)

$3.73 PAB 3.73

$5.1 €4.4

-26.86%

Milk (1 liter)

$1.83 PAB 1.83

$1.68 €1.45

8.93%

White Bread (500g)

$2.41 PAB 2.41

$2.31 €2

4.33%

Rice (white) (1kg)

$2.27 PAB 2.27

$2.9 €2.5

-21.72%

Eggs

$2.7 PAB 2.7

$4.04 €3.49

-33.17%

Local Cheese (1kg)

$11.54 PAB 11.54

$16.69 €14.41

-30.86%

Chicken Fillets (1kg)

$7.39 PAB 7.39

$12.25 €10.58

-39.67%

Beef Round Steak (1kg)

$9.36 PAB 9.36

$20.16 €17.4

-53.57%

Apples (1kg)

$3.89 PAB 3.89

$2.47 €2.13

57.49%

Banana (1kg)

$1.37 PAB 1.37

$2.12 €1.83

-35.38%

Oranges (1kg)

$2.89 PAB 2.89

$2.71 €2.34

6.64%

Tomato (1kg)

$3.05 PAB 3.05

$3.28 €2.83

-7.01%

Potato (1kg)

$2.1 PAB 2.1

$2.04 €1.76

2.94%

Onion (1kg)

$2.46 PAB 2.46

$1.82 €1.57

35.16%

Lettuce (1 head)

$2.14 PAB 2.14

$1.47 €1.27

45.58%

Water (1.5 liter bottle)

$1.6 PAB 1.6

$0.51 €0.44

213.73%

Cigarettes 20 Pack (Marlboro, Camel)

$5.88 PAB 5.88

$6.75 €5.83

-12.89%

Wine (Bottle)

$10.17 PAB 10.17

$7 €6.04

45.29%

Local Beer (0.5 liter bottle)

$1.24 PAB 1.24

$1.82 €1.57

-31.87%

Imported Beer (0.33 liter bottle)

$2.22 PAB 2.22

$2.53 €2.18

-12.25%

One-way Ticket (Public Transport)

$0.52 PAB 0.52

$1.96 €1.69

-73.47%

Public Transport Monthly Pass (Regular Price)

$25.45 PAB 25.45

$42.43 €36.63

-40.02%

Taxi Start (Normal Tariff)

$2.05 PAB 2.05

$5.68 €4.9

-63.91%

Taxi (Normal Tariff) (1km)

$1.99 PAB 1.99

$1.59 €1.38

25.16%

Taxi 1hour Waiting (Normal Tariff)

$20.72 PAB 20.72

$34.1 €29.45

-39.24%

Gasoline (1 liter)

$0.96 PAB 0.96

$2.01 €1.74

-52.24%

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

$21.3K PAB 21.3K

$31.8K €27.4K

-32.82%

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

$20.9K PAB 20.9K

$32.7K €28.2K

-36.08%

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

$108 PAB 108

$222 €192

-51.42%

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

$29.43 PAB 29.43

$13.37 €11.55

120.12%

Internet (50+ Mbps, Unlimited Data)

$47.41 PAB 47.41

$31.76 €27.42

49.28%

Gym Membership (Monthly)

$49.24 PAB 49.24

$57.5 €49.63

-14.34%

Tennis Court (1 Hour on Weekend)

$33.72 PAB 33.72

$25.84 €22.31

30.50%

Cinema Ticket

$7.11 PAB 7.11

$10.21 €8.82

-30.36%

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

$439 PAB 439

$576 €497

-23.71%

International Primary School, 1 Child (Yearly)

$11.6K PAB 11.6K

$10.7K €9,249

7.96%

Jeans (Levis 501 Or Similar)

$47.07 PAB 47.07

$92.9 €80.2

-49.34%

Summer Dress (H&M, Zara, etc)

$40.77 PAB 40.77

$40.84 €35.26

-0.17%

Sport Shoes (Adidas, Nike)

$85 PAB 85

$98.4 €84.9

-13.62%

Men's Leather Business Shoes

$116 PAB 116

$131 €113

-11.47%

1-bedroom Apartment, City Center (Monthly)

$923 PAB 923

$853 €737

8.20%

1-bedroom Apartment, Outside City Center (Monthly)

$711 PAB 711

$658 €568

8.11%

3-bedroom Apartment, City Center (Monthly)

$1,745 PAB 1,745

$1,518 €1,311

14.97%

3-bedroom Apartment, Outside City Center (Monthly)

$1,378 PAB 1,378

$1,072 €926

28.53%

Buy Apartment in City Center (m2)

$1,884 PAB 1,884

$4,096 €3,537

-54.01%

Buy Apartment Outside City Center (m2)

$1,502 PAB 1,502

$2,595 €2,240

-42.11%

Average Monthly Net Salary (After Tax)

$807 PAB 807

$1,960 €1,692

-58.81%

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: October 28, 2025

Last update for Italy: October 27, 2025

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