Cost of Living Comparison Between Italy and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 18.5% lower than in Italy (without rent) | |
| Consumer Prices Including Rent in Panama are 13.0% lower than in Italy | |
| Rent Prices in Panama are 4.3% higher than in Italy | |
| Restaurant Prices in Panama are 21.3% lower than in Italy | |
| Groceries Prices in Panama are 16.1% lower than in Italy | |
| Local Purchasing Power in Panama is 46.5% lower than in Italy | |
Restaurants | Italy Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
15.00 € (16.15 $) |
9.29 € (10.00 $) |
-38.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 € (64.61 $) |
55.72 € (60.00 $) |
-7.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.00 € (10.77 $) |
7.43 € (8.00 $) |
-25.7 % |
| Domestic Beer (1 pint draught) |
5.00 € (5.38 $) |
1.86 € (2.00 $) |
-62.9 % |
| Imported Beer (12 oz small bottle) |
5.00 € (5.38 $) |
2.90 € (3.12 $) |
-42.0 % |
| Cappuccino (regular) |
1.59 € (1.71 $) |
3.24 € (3.49 $) |
+103.4 % |
| Coke/Pepsi (12 oz small bottle) |
2.43 € (2.62 $) |
1.46 € (1.57 $) |
-40.1 % |
| Water (12 oz small bottle) |
1.13 € (1.21 $) |
1.13 € (1.22 $) |
+0.5 % |
Markets | Italy Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
5.52 € (5.94 $) |
6.08 € (6.55 $) |
+10.2 % |
| Loaf of Fresh White Bread (1 lb) |
1.81 € (1.95 $) |
1.96 € (2.11 $) |
+7.9 % |
| Rice (white), (1 lb) |
1.17 € (1.26 $) |
0.88 € (0.95 $) |
-24.9 % |
| Eggs (regular) (12) |
3.39 € (3.65 $) |
2.30 € (2.48 $) |
-32.1 % |
| Local Cheese (1 lb) |
6.00 € (6.46 $) |
4.37 € (4.71 $) |
-27.0 % |
| Chicken Fillets (1 lb) |
4.86 € (5.24 $) |
3.04 € (3.27 $) |
-37.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
7.79 € (8.39 $) |
3.49 € (3.75 $) |
-55.3 % |
| Apples (1 lb) |
0.92 € (0.99 $) |
1.35 € (1.46 $) |
+46.6 % |
| Banana (1 lb) |
0.85 € (0.91 $) |
0.56 € (0.60 $) |
-33.6 % |
| Oranges (1 lb) |
1.02 € (1.09 $) |
1.17 € (1.26 $) |
+15.1 % |
| Tomato (1 lb) |
1.26 € (1.36 $) |
1.24 € (1.33 $) |
-2.0 % |
| Potato (1 lb) |
0.72 € (0.77 $) |
0.88 € (0.95 $) |
+22.6 % |
| Onion (1 lb) |
0.67 € (0.73 $) |
0.89 € (0.96 $) |
+31.7 % |
| Lettuce (1 head) |
1.30 € (1.40 $) |
1.79 € (1.93 $) |
+38.3 % |
| Water (1.5 liter bottle) |
0.44 € (0.47 $) |
1.41 € (1.51 $) |
+222.4 % |
| Bottle of Wine (Mid-Range) |
6.00 € (6.46 $) |
8.36 € (9.00 $) |
+39.3 % |
| Domestic Beer (0.5 liter bottle) |
1.50 € (1.61 $) |
1.07 € (1.15 $) |
-28.8 % |
| Imported Beer (12 oz small bottle) |
2.04 € (2.20 $) |
1.74 € (1.88 $) |
-14.7 % |
| Cigarettes 20 Pack (Marlboro) |
6.00 € (6.46 $) |
5.22 € (5.62 $) |
-12.9 % |
Transportation | Italy Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
1.70 € (1.83 $) |
0.46 € (0.50 $) |
-72.7 % |
| Monthly Pass (Regular Price) |
35.00 € (37.69 $) |
23.22 € (25.00 $) |
-33.7 % |
| Taxi Start (Normal Tariff) |
5.00 € (5.38 $) |
1.86 € (2.00 $) |
-62.9 % |
| Taxi 1 mile (Normal Tariff) |
2.41 € (2.60 $) |
2.62 € (2.82 $) |
+8.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
29.91 € (32.21 $) |
18.57 € (20.00 $) |
-37.9 % |
| Gasoline (1 gallon) |
6.82 € (7.35 $) |
3.45 € (3.71 $) |
-49.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
25,000.00 € (26,920.80 $) |
22,519.76 € (24,250.00 $) |
-9.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,019.14 € (29,095.08 $) |
18,748.01 € (20,188.46 $) |
-30.6 % |
Utilities (Monthly) | Italy Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
200.27 € (215.66 $) |
91.72 € (98.77 $) |
-54.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
12.67 € (13.64 $) |
27.59 € (29.71 $) |
+117.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
27.56 € (29.68 $) |
45.56 € (49.07 $) |
+65.3 % |
Sports And Leisure | Italy Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
48.28 € (51.98 $) |
44.15 € (47.54 $) |
-8.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
20.08 € (21.62 $) |
29.25 € (31.50 $) |
+45.7 % |
| Cinema, International Release, 1 Seat |
9.00 € (9.69 $) |
6.50 € (7.00 $) |
-27.8 % |
Childcare | Italy Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
522.64 € (562.79 $) |
335.35 € (361.11 $) |
-35.8 % |
| International Primary School, Yearly for 1 Child |
9,258.01 € (9,969.32 $) |
7,652.63 € (8,240.60 $) |
-17.3 % |
Clothing And Shoes | Italy Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
77.85 € (83.83 $) |
45.46 € (48.95 $) |
-41.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
33.07 € (35.61 $) |
36.46 € (39.26 $) |
+10.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
84.16 € (90.63 $) |
73.16 € (78.78 $) |
-13.1 % |
| 1 Pair of Men Leather Business Shoes |
111.60 € (120.18 $) |
79.18 € (85.26 $) |
-29.1 % |
Rent Per Month | Italy Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
759.99 € (818.38 $) |
738.81 € (795.57 $) |
-2.8 % |
| Apartment (1 bedroom) Outside of Centre |
568.77 € (612.47 $) |
502.34 € (540.94 $) |
-11.7 % |
| Apartment (3 bedrooms) in City Centre |
1,358.06 € (1,462.40 $) |
1,628.04 € (1,753.12 $) |
+19.9 % |
| Apartment (3 bedrooms) Outside of Centre |
955.48 € (1,028.89 $) |
929.51 € (1,000.92 $) |
-2.7 % |
Buy Apartment Price | Italy Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
372.26 € (400.86 $) |
201.73 € (217.23 $) |
-45.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
229.01 € (246.60 $) |
120.78 € (130.06 $) |
-47.3 % |
Salaries And Financing | Italy Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
1,581.94 € (1,703.48 $) |
736.04 € (792.59 $) |
-53.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.80 | 6.20 | +29.3 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 2323 | 117 |
Moving to Italy? Explore:
Moving to Panama? Explore: