Cost of Living Comparison Between Panama and Spain Cost of Living Comparison Between Panama and Spain

Name: Spain
Address: ES

🙂 Solo nomad: Panama is 7.7% cheaper than Spain without rent, and 11.3% cheaper with rent.

🙂 Family of 3: Panama is 7.4% cheaper than Spain without rent, and 0.2% more expensive with rent.

Meal at Budget Restaurant

$9.89 PAB 9.89

$16.14 €13.92

-38.72%

Three-Course Dinner for Two, Mid-Range

$50.8 PAB 50.8

$57.7 €49.70

-11.91%

Fast Food Meal (McDonalds, etc)

$7.62 PAB 7.62

$10.53 €9.08

-27.64%

Cappuccino

$3.60 PAB 3.60

$2.31 €2.00

55.84%

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

$1.47 PAB 1.47

$2.58 €2.22

-43.02%

Water (0.33 liter bottle)

$1.29 PAB 1.29

$1.81 €1.56

-28.73%

Local Beer (0.5 liter draught)

$2.22 PAB 2.22

$3.55 €3.06

-37.46%

Imported Beer (0.33 liter bottle)

$3.73 PAB 3.73

$4.00 €3.45

-6.75%

Milk (1 liter)

$1.80 PAB 1.80

$1.23 €1.06

46.34%

White Bread (500g)

$2.48 PAB 2.48

$1.51 €1.30

64.24%

Rice (white) (1kg)

$2.24 PAB 2.24

$1.66 €1.43

34.94%

Eggs

$2.60 PAB 2.60

$2.95 €2.55

-11.86%

Local Cheese (1kg)

$11.37 PAB 11.37

$14.57 €12.56

-21.96%

Chicken Fillets (1kg)

$7.20 PAB 7.20

$8.36 €7.21

-13.88%

Beef Round Steak (1kg)

$9.52 PAB 9.52

$15.96 €13.75

-40.35%

Apples (1kg)

$4.02 PAB 4.02

$2.54 €2.19

58.27%

Banana (1kg)

$1.33 PAB 1.33

$2.08 €1.79

-36.06%

Oranges (1kg)

$2.90 PAB 2.90

$2.13 €1.84

36.15%

Tomato (1kg)

$3.04 PAB 3.04

$2.54 €2.19

19.69%

Potato (1kg)

$2.17 PAB 2.17

$1.86 €1.60

16.67%

Onion (1kg)

$2.37 PAB 2.37

$1.99 €1.71

19.10%

Lettuce (1 head)

$2.14 PAB 2.14

$1.34 €1.16

59.70%

Water (1.5 liter bottle)

$1.63 PAB 1.63

$0.80 €0.69

103.75%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$6.51 €5.61

-7.22%

Wine (Bottle)

$10.18 PAB 10.18

$5.67 €4.89

79.54%

Local Beer (0.5 liter bottle)

$1.25 PAB 1.25

$1.25 €1.08

Imported Beer (0.33 liter bottle)

$2.30 PAB 2.30

$2.16 €1.86

6.48%

One-way Ticket (Public Transport)

$0.52 PAB 0.52

$1.76 €1.52

-70.45%

Public Transport Monthly Pass (Regular Price)

$25.15 PAB 25.15

$34.45 €29.70

-27.00%

Taxi Start (Normal Tariff)

$2.05 PAB 2.05

$4.49 €3.87

-54.34%

Taxi (Normal Tariff) (1km)

$1.95 PAB 1.95

$1.27 €1.10

53.54%

Taxi 1hour Waiting (Normal Tariff)

$20.88 PAB 20.88

$26.76 €23.07

-21.97%

Gasoline (1 liter)

$0.96 PAB 0.96

$1.80 €1.55

-46.67%

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

$21.6K PAB 21.6K

$38.7K €33.3K

-44.14%

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

$21.2K PAB 21.2K

$30.6K €26.4K

-30.88%

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

$107 PAB 107

$148 €128

-27.75%

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

$28.96 PAB 28.96

$20.22 €17.43

43.22%

Internet (50+ Mbps, Unlimited Data)

$47.54 PAB 47.54

$33.26 €28.67

42.93%

Gym Membership (Monthly)

$50.3 PAB 50.3

$47.68 €41.10

5.58%

Tennis Court (1 Hour on Weekend)

$34.39 PAB 34.39

$15.73 €13.56

118.63%

Cinema Ticket

$6.90 PAB 6.90

$9.22 €7.94

-25.16%

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

$442 PAB 442

$527 €455

-16.10%

International Primary School, 1 Child (Yearly)

$11.3K PAB 11.3K

$10.0K €8,654

13.05%

Jeans (Levis 501 Or Similar)

$46.73 PAB 46.73

$88.3 €76.1

-47.06%

Summer Dress (H&M, Zara, etc)

$41.09 PAB 41.09

$36.99 €31.88

11.08%

Sport Shoes (Adidas, Nike)

$83.8 PAB 83.8

$91.3 €78.7

-8.25%

Men's Leather Business Shoes

$117 PAB 117

$107 €92.1

9.33%

1-bedroom Apartment, City Center (Monthly)

$948 PAB 948

$1,066 €919

-11.09%

1-bedroom Apartment, Outside City Center (Monthly)

$705 PAB 705

$817 €704

-13.72%

3-bedroom Apartment, City Center (Monthly)

$1,721 PAB 1,721

$1,685 €1,453

2.16%

3-bedroom Apartment, Outside City Center (Monthly)

$1,363 PAB 1,363

$1,253 €1,080

8.80%

Buy Apartment in City Center (m2)

$2,980 PAB 2,980

$4,444 €3,831

-32.95%

Buy Apartment Outside City Center (m2)

$1,704 PAB 1,704

$2,794 €2,408

-39.01%

Average Monthly Net Salary (After Tax)

$799 PAB 799

$2,090 €1,802

-61.79%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.3

3.51

79.49%

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

Last update for Panama: January 13, 2026

Last update for Spain: January 12, 2026

Digital Nomad Cost of Living Index

Cost of Living Comparison Between Panama and Spain Cost of Living Comparison Between Panama and Spain

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