Cost of Living Comparison Between Nicaragua and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 41.4% higher than in Nicaragua (without rent) | |
| Consumer Prices Including Rent in Panama are 61.2% higher than in Nicaragua | |
| Rent Prices in Panama are 147.7% higher than in Nicaragua | |
| Restaurant Prices in Panama are 99.5% higher than in Nicaragua | |
| Groceries Prices in Panama are 23.4% higher than in Nicaragua | |
| Local Purchasing Power in Panama is 75.0% higher than in Nicaragua | |
Restaurants | Nicaragua Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 4.00 $ | 10.00 $ | +150.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 29.59 $ | 60.00 $ | +102.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 5.33 $ | 8.00 $ | +50.2 % |
| Domestic Beer (1 pint draught) | 1.33 $ | 2.00 $ | +50.4 % |
| Imported Beer (12 oz small bottle) | 2.00 $ | 3.12 $ | +56.2 % |
| Cappuccino (regular) | 2.06 $ | 3.49 $ | +68.9 % |
| Coke/Pepsi (12 oz small bottle) | 0.92 $ | 1.57 $ | +70.6 % |
| Water (12 oz small bottle) | 0.73 $ | 1.22 $ | +67.6 % |
Markets | Nicaragua Edit |
Panama Edit | |
| Milk (regular), (1 gallon) | 4.07 $ | 6.55 $ | +60.7 % |
| Loaf of Fresh White Bread (1 lb) | 1.19 $ | 2.11 $ | +77.7 % |
| Rice (white), (1 lb) | 0.49 $ | 0.95 $ | +93.6 % |
| Eggs (regular) (12) | 1.86 $ | 2.48 $ | +33.4 % |
| Local Cheese (1 lb) | 2.05 $ | 4.71 $ | +129.4 % |
| Chicken Fillets (1 lb) | 2.34 $ | 3.27 $ | +39.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 3.55 $ | 3.75 $ | +5.7 % |
| Apples (1 lb) | 2.25 $ | 1.46 $ | -35.3 % |
| Banana (1 lb) | 0.67 $ | 0.60 $ | -10.0 % |
| Oranges (1 lb) | 1.67 $ | 1.26 $ | -24.7 % |
| Tomato (1 lb) | 0.61 $ | 1.33 $ | +119.8 % |
| Potato (1 lb) | 0.90 $ | 0.95 $ | +5.6 % |
| Onion (1 lb) | 0.71 $ | 0.96 $ | +34.3 % |
| Lettuce (1 head) | 0.89 $ | 1.93 $ | +116.1 % |
| Water (1.5 liter bottle) | 0.86 $ | 1.51 $ | +76.7 % |
| Bottle of Wine (Mid-Range) | 10.00 $ | 9.00 $ | -10.0 % |
| Domestic Beer (0.5 liter bottle) | 1.28 $ | 1.15 $ | -10.4 % |
| Imported Beer (12 oz small bottle) | 2.12 $ | 1.88 $ | -11.3 % |
| Cigarettes 20 Pack (Marlboro) | 2.92 $ | 5.62 $ | +92.3 % |
Transportation | Nicaragua Edit |
Panama Edit | |
| One-way Ticket (Local Transport) | 0.23 $ | 0.50 $ | +122.2 % |
| Monthly Pass (Regular Price) | 10.00 $ | 25.00 $ | +150.0 % |
| Taxi Start (Normal Tariff) | 0.60 $ | 2.00 $ | +233.3 % |
| Taxi 1 mile (Normal Tariff) | 0.91 $ | 2.82 $ | +208.8 % |
| Taxi 1hour Waiting (Normal Tariff) | 10.00 $ | 20.00 $ | +100.0 % |
| Gasoline (1 gallon) | 5.06 $ | 3.71 $ | -26.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 17,668.72 $ | 24,250.00 $ | +37.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 24,112.48 $ | 20,188.46 $ | -16.3 % |
Utilities (Monthly) | Nicaragua Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 71.89 $ | 98.77 $ | +37.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 16.33 $ | 29.71 $ | +82.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 43.36 $ | 49.07 $ | +13.1 % |
Sports And Leisure | Nicaragua Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 32.20 $ | 47.54 $ | +47.7 % |
| Tennis Court Rent (1 Hour on Weekend) | 0.00 $ | 31.50 $ | |
| Cinema, International Release, 1 Seat | 6.80 $ | 7.00 $ | +3.0 % |
Childcare | Nicaragua Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 119.17 $ | 361.11 $ | +203.0 % |
| International Primary School, Yearly for 1 Child | 7,425.00 $ | 8,240.60 $ | +11.0 % |
Clothing And Shoes | Nicaragua Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 44.46 $ | 48.95 $ | +10.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 40.88 $ | 39.26 $ | -4.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 78.66 $ | 78.78 $ | +0.2 % |
| 1 Pair of Men Leather Business Shoes | 60.04 $ | 85.26 $ | +42.0 % |
Rent Per Month | Nicaragua Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre | 322.50 $ | 795.57 $ | +146.7 % |
| Apartment (1 bedroom) Outside of Centre | 221.88 $ | 540.94 $ | +143.8 % |
| Apartment (3 bedrooms) in City Centre | 635.00 $ | 1,753.12 $ | +176.1 % |
| Apartment (3 bedrooms) Outside of Centre | 472.22 $ | 1,000.92 $ | +112.0 % |
Buy Apartment Price | Nicaragua Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 89.19 $ | 217.23 $ | +143.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 71.57 $ | 130.06 $ | +81.7 % |
Salaries And Financing | Nicaragua Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) | 281.00 $ | 792.59 $ | +182.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 14.00 | 6.20 | -55.7 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 18 | 117 |
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