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

Name: Panama
Address: PA

😐 Solo nomad: Spain is 5.5% more expensive than Panama without rent, and 16.1% more expensive with rent.

😐 Family of 3: Spain is 8% more expensive than Panama without rent, and 1.1% more expensive with rent.

Meal at Budget Restaurant

$16.15 €13.79

$9.93 PAB 9.93

62.64%

Three-Course Dinner for Two, Mid-Range

$56.9 €48.63

$50.9 PAB 50.9

11.98%

Fast Food Meal (McDonalds, etc)

$10.35 €8.84

$7.54 PAB 7.54

37.27%

Cappuccino

$2.36 €2.01

$3.53 PAB 3.53

-33.14%

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

$2.56 €2.18

$1.51 PAB 1.51

69.54%

Water (0.33 liter bottle)

$1.84 €1.57

$1.29 PAB 1.29

42.64%

Local Beer (0.5 liter draught)

$3.41 €2.91

$2.30 PAB 2.30

48.26%

Imported Beer (0.33 liter bottle)

$4.07 €3.47

$3.69 PAB 3.69

10.30%

Milk (1 liter)

$1.18 €1.00

$1.77 PAB 1.77

-33.33%

White Bread (500g)

$1.57 €1.34

$2.41 PAB 2.41

-34.85%

Rice (white) (1kg)

$1.68 €1.43

$2.26 PAB 2.26

-25.66%

Eggs

$3.03 €2.59

$2.61 PAB 2.61

16.09%

Local Cheese (1kg)

$14.07 €12.02

$11.25 PAB 11.25

25.07%

Chicken Fillets (1kg)

$8.53 €7.29

$7.05 PAB 7.05

20.99%

Beef Round Steak (1kg)

$16.03 €13.69

$9.06 PAB 9.06

76.93%

Apples (1kg)

$2.46 €2.10

$4.05 PAB 4.05

-39.26%

Banana (1kg)

$2.08 €1.77

$1.38 PAB 1.38

50.72%

Oranges (1kg)

$2.02 €1.73

$2.94 PAB 2.94

-31.29%

Tomato (1kg)

$2.66 €2.27

$3.05 PAB 3.05

-12.79%

Potato (1kg)

$1.86 €1.59

$2.09 PAB 2.09

-11.00%

Onion (1kg)

$1.99 €1.70

$2.45 PAB 2.45

-18.78%

Lettuce (1 head)

$1.31 €1.12

$2.07 PAB 2.07

-36.71%

Water (1.5 liter bottle)

$0.79 €0.68

$1.61 PAB 1.61

-50.93%

Cigarettes 20 Pack (Marlboro, Camel)

$6.19 €5.29

$5.88 PAB 5.88

5.27%

Wine (Bottle)

$5.68 €4.85

$10.17 PAB 10.17

-44.15%

Local Beer (0.5 liter bottle)

$1.31 €1.12

$1.24 PAB 1.24

5.65%

Imported Beer (0.33 liter bottle)

$2.16 €1.84

$2.17 PAB 2.17

-0.46%

One-way Ticket (Public Transport)

$1.75 €1.49

$0.51 PAB 0.51

243.14%

Public Transport Monthly Pass (Regular Price)

$35.21 €30.07

$25.03 PAB 25.03

40.67%

Taxi Start (Normal Tariff)

$4.47 €3.82

$1.99 PAB 1.99

124.62%

Taxi (Normal Tariff) (1km)

$1.27 €1.09

$2.01 PAB 2.01

-36.82%

Taxi 1hour Waiting (Normal Tariff)

$26.17 €22.35

$21.24 PAB 21.24

23.21%

Gasoline (1 liter)

$1.84 €1.57

$0.96 PAB 0.96

91.67%

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

$37.9K €32.4K

$21.7K PAB 21.7K

74.72%

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

$31.5K €26.9K

$21.3K PAB 21.3K

47.62%

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

$151 €129

$107 PAB 107

41.29%

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

$20.21 €17.26

$29.34 PAB 29.34

-31.12%

Internet (50+ Mbps, Unlimited Data)

$34.48 €29.45

$48.08 PAB 48.08

-28.29%

Gym Membership (Monthly)

$47.21 €40.32

$50.6 PAB 50.6

-6.66%

Tennis Court (1 Hour on Weekend)

$16.17 €13.81

$33.55 PAB 33.55

-51.80%

Cinema Ticket

$9.51 €8.12

$6.80 PAB 6.80

39.85%

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

$514 €439

$449 PAB 449

14.44%

International Primary School, 1 Child (Yearly)

$10.2K €8,741

$11.6K PAB 11.6K

-11.41%

Jeans (Levis 501 Or Similar)

$85.6 €73.1

$46.32 PAB 46.32

84.78%

Summer Dress (H&M, Zara, etc)

$36.62 €31.27

$40.74 PAB 40.74

-10.11%

Sport Shoes (Adidas, Nike)

$91.1 €77.8

$86.1 PAB 86.1

5.81%

Men's Leather Business Shoes

$107 €91.8

$116 PAB 116

-7.10%

1-bedroom Apartment, City Center (Monthly)

$1,068 €912

$939 PAB 939

13.75%

1-bedroom Apartment, Outside City Center (Monthly)

$821 €701

$719 PAB 719

14.27%

3-bedroom Apartment, City Center (Monthly)

$1,659 €1,417

$1,734 PAB 1,734

-4.34%

3-bedroom Apartment, Outside City Center (Monthly)

$1,221 €1,043

$1,352 PAB 1,352

-9.69%

Buy Apartment in City Center (m2)

$4,315 €3,685

$2,996 PAB 2,996

44.04%

Buy Apartment Outside City Center (m2)

$2,771 €2,366

$1,711 PAB 1,711

61.97%

Average Monthly Net Salary (After Tax)

$2,113 €1,804

$831 PAB 831

154.34%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.51

6.3

-44.29%

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

Last update for Spain: March 1, 2026

Last update for Panama: March 3, 2026

City Median Internet Speeds Comparison (Updated January 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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

City Median Internet Speeds Comparison (Updated January 2026)

Spain

Panama

Spain

Panama

Similar countries

🇮🇹 Italy

🇨🇿 Czech Republic

🇵🇹 Portugal

🇪🇪 Estonia

🇸🇮 Slovenia

🇵🇷 Puerto Rico

🇲🇴 Macao (China)

🇧🇧 Barbados