Cost of Living Comparison Between Panama and Philippines 
| Indices Difference |  |
|---|---|
| Consumer Prices in Philippines are 31.8% lower than in Panama (without rent) | |
| Consumer Prices Including Rent in Philippines are 40.8% lower than in Panama | |
| Rent Prices in Philippines are 63.5% lower than in Panama | |
| Restaurant Prices in Philippines are 59.6% lower than in Panama | |
| Groceries Prices in Philippines are 27.2% lower than in Panama | |
| Local Purchasing Power in Philippines is 20.3% lower than in Panama | |
Restaurants | Panama Edit |
Philippines Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (575.90 ₱) |
3.47 $ (200.00 ₱) |
-65.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 $ (3,455.40 ₱) |
20.84 $ (1,200.00 ₱) |
-65.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.00 $ (460.72 ₱) |
3.47 $ (200.00 ₱) |
-56.6 % |
| Domestic Beer (1 pint draught) |
2.00 $ (115.18 ₱) |
1.22 $ (70.00 ₱) |
-39.2 % |
| Imported Beer (12 oz small bottle) |
3.50 $ (201.57 ₱) |
2.08 $ (120.00 ₱) |
-40.5 % |
| Cappuccino (regular) |
3.49 $ (200.81 ₱) |
2.35 $ (135.48 ₱) |
-32.5 % |
| Coke/Pepsi (12 oz small bottle) |
1.58 $ (91.04 ₱) |
0.72 $ (41.69 ₱) |
-54.2 % |
| Water (12 oz small bottle) |
1.21 $ (69.91 ₱) |
0.39 $ (22.33 ₱) |
-68.1 % |
Markets | Panama Edit |
Philippines Edit | |
| Milk (regular), (1 gallon) |
6.50 $ (374.20 ₱) |
6.43 $ (370.31 ₱) |
-1.0 % |
| Loaf of Fresh White Bread (1 lb) |
2.13 $ (122.43 ₱) |
1.07 $ (61.83 ₱) |
-49.5 % |
| Rice (white), (1 lb) |
0.96 $ (55.46 ₱) |
0.41 $ (23.57 ₱) |
-57.5 % |
| Eggs (regular) (12) |
2.47 $ (142.05 ₱) |
1.99 $ (114.70 ₱) |
-19.3 % |
| Local Cheese (1 lb) |
4.71 $ (271.29 ₱) |
3.20 $ (184.29 ₱) |
-32.1 % |
| Chicken Fillets (1 lb) |
3.27 $ (188.35 ₱) |
1.87 $ (107.80 ₱) |
-42.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
3.75 $ (216.22 ₱) |
3.05 $ (175.74 ₱) |
-18.7 % |
| Apples (1 lb) |
1.38 $ (79.31 ₱) |
1.24 $ (71.32 ₱) |
-10.1 % |
| Banana (1 lb) |
0.61 $ (35.13 ₱) |
0.65 $ (37.61 ₱) |
+7.0 % |
| Oranges (1 lb) |
1.26 $ (72.55 ₱) |
1.17 $ (67.53 ₱) |
-6.9 % |
| Tomato (1 lb) |
1.33 $ (76.75 ₱) |
0.69 $ (40.02 ₱) |
-47.9 % |
| Potato (1 lb) |
0.95 $ (54.46 ₱) |
0.89 $ (51.52 ₱) |
-5.4 % |
| Onion (1 lb) |
0.92 $ (52.76 ₱) |
1.12 $ (64.54 ₱) |
+22.3 % |
| Lettuce (1 head) |
1.93 $ (111.17 ₱) |
1.34 $ (77.29 ₱) |
-30.5 % |
| Water (1.5 liter bottle) |
1.51 $ (87.19 ₱) |
0.70 $ (40.49 ₱) |
-53.6 % |
| Bottle of Wine (Mid-Range) |
8.00 $ (460.72 ₱) |
6.60 $ (380.00 ₱) |
-17.5 % |
| Domestic Beer (0.5 liter bottle) |
1.18 $ (68.23 ₱) |
1.14 $ (65.50 ₱) |
-4.0 % |
| Imported Beer (12 oz small bottle) |
1.90 $ (109.40 ₱) |
1.78 $ (102.29 ₱) |
-6.5 % |
| Cigarettes 20 Pack (Marlboro) |
5.75 $ (331.14 ₱) |
2.60 $ (150.00 ₱) |
-54.7 % |
Transportation | Panama Edit |
Philippines Edit | |
| One-way Ticket (Local Transport) |
0.45 $ (25.92 ₱) |
0.26 $ (15.00 ₱) |
-42.1 % |
| Monthly Pass (Regular Price) |
25.00 $ (1,439.75 ₱) |
10.42 $ (600.00 ₱) |
-58.3 % |
| Taxi Start (Normal Tariff) |
2.00 $ (115.18 ₱) |
0.69 $ (40.00 ₱) |
-65.3 % |
| Taxi 1 mile (Normal Tariff) |
2.82 $ (162.19 ₱) |
0.39 $ (22.53 ₱) |
-86.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 $ (1,151.80 ₱) |
2.60 $ (150.00 ₱) |
-87.0 % |
| Gasoline (1 gallon) |
3.72 $ (214.26 ₱) |
4.43 $ (255.31 ₱) |
+19.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
24,250.00 $ (1,396,557.60 ₱) |
22,573.36 $ (1,300,000.00 ₱) |
-6.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,188.46 $ (1,162,653.58 ₱) |
20,082.83 $ (1,156,570.46 ₱) |
-0.5 % |
Utilities (Monthly) | Panama Edit |
Philippines Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
97.43 $ (5,610.93 ₱) |
102.59 $ (5,908.10 ₱) |
+5.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.71 $ (1,710.90 ₱) |
37.10 $ (2,136.33 ₱) |
+24.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.65 $ (2,801.53 ₱) |
30.12 $ (1,734.50 ₱) |
-38.1 % |
Sports And Leisure | Panama Edit |
Philippines Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
46.96 $ (2,704.65 ₱) |
31.32 $ (1,803.88 ₱) |
-33.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
31.50 $ (1,814.09 ₱) |
5.14 $ (295.88 ₱) |
-83.7 % |
| Cinema, International Release, 1 Seat |
7.00 $ (403.13 ₱) |
5.21 $ (300.00 ₱) |
-25.6 % |
Childcare | Panama Edit |
Philippines Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
361.11 $ (20,796.39 ₱) |
145.73 $ (8,392.61 ₱) |
-59.6 % |
| International Primary School, Yearly for 1 Child |
8,240.60 $ (474,576.19 ₱) |
5,186.03 $ (298,663.57 ₱) |
-37.1 % |
Clothing And Shoes | Panama Edit |
Philippines Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.95 $ (2,819.29 ₱) |
40.03 $ (2,305.21 ₱) |
-18.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
39.26 $ (2,261.17 ₱) |
23.58 $ (1,358.08 ₱) |
-39.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
78.78 $ (4,537.09 ₱) |
68.44 $ (3,941.57 ₱) |
-13.1 % |
| 1 Pair of Men Leather Business Shoes |
85.26 $ (4,910.31 ₱) |
62.56 $ (3,602.97 ₱) |
-26.6 % |
Rent Per Month | Panama Edit |
Philippines Edit | |
| Apartment (1 bedroom) in City Centre |
817.43 $ (47,075.94 ₱) |
305.14 $ (17,573.14 ₱) |
-62.7 % |
| Apartment (1 bedroom) Outside of Centre |
547.35 $ (31,522.06 ₱) |
169.44 $ (9,758.33 ₱) |
-69.0 % |
| Apartment (3 bedrooms) in City Centre |
1,688.24 $ (97,225.48 ₱) |
661.86 $ (38,116.24 ₱) |
-60.8 % |
| Apartment (3 bedrooms) Outside of Centre |
1,031.10 $ (59,381.05 ₱) |
355.80 $ (20,490.48 ₱) |
-65.5 % |
Buy Apartment Price | Panama Edit |
Philippines Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
217.23 $ (12,510.12 ₱) |
242.67 $ (13,975.20 ₱) |
+11.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
130.06 $ (7,490.34 ₱) |
126.23 $ (7,269.50 ₱) |
-2.9 % |
Salaries And Financing | Panama Edit |
Philippines Edit | |
| Average Monthly Net Salary (After Tax) |
792.59 $ (45,645.41 ₱) |
373.68 $ (21,520.08 ₱) |
-52.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.20 | 7.25 | +16.9 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 117 | 598 |
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