Cost of Living Comparison Between Panama and Philippines 
| Indices Difference |  |
|---|---|
| Consumer Prices in Philippines are 31.9% lower than in Panama (without rent) | |
| Consumer Prices Including Rent in Philippines are 40.9% lower than in Panama | |
| Rent Prices in Philippines are 63.4% lower than in Panama | |
| Restaurant Prices in Philippines are 59.5% lower than in Panama | |
| Groceries Prices in Philippines are 27.3% 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 $ (575.32 ₱) |
3.48 $ (200.00 ₱) |
-65.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 $ (3,451.92 ₱) |
20.86 $ (1,200.00 ₱) |
-65.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.00 $ (460.26 ₱) |
3.48 $ (200.00 ₱) |
-56.5 % |
| Domestic Beer (1 pint draught) |
2.00 $ (115.06 ₱) |
1.22 $ (70.00 ₱) |
-39.2 % |
| Imported Beer (12 oz small bottle) |
3.12 $ (179.79 ₱) |
2.09 $ (120.00 ₱) |
-33.3 % |
| Cappuccino (regular) |
3.49 $ (200.57 ₱) |
2.34 $ (134.62 ₱) |
-32.9 % |
| Coke/Pepsi (12 oz small bottle) |
1.57 $ (90.21 ₱) |
0.73 $ (41.72 ₱) |
-53.7 % |
| Water (12 oz small bottle) |
1.22 $ (70.16 ₱) |
0.38 $ (21.99 ₱) |
-68.7 % |
Markets | Panama Edit |
Philippines Edit | |
| Milk (regular), (1 gallon) |
6.55 $ (376.69 ₱) |
6.45 $ (371.37 ₱) |
-1.4 % |
| Loaf of Fresh White Bread (1 lb) |
2.11 $ (121.21 ₱) |
1.08 $ (61.96 ₱) |
-48.9 % |
| Rice (white), (1 lb) |
0.95 $ (54.50 ₱) |
0.41 $ (23.64 ₱) |
-56.6 % |
| Eggs (regular) (12) |
2.48 $ (142.71 ₱) |
2.00 $ (115.02 ₱) |
-19.4 % |
| Local Cheese (1 lb) |
4.71 $ (271.01 ₱) |
3.23 $ (185.81 ₱) |
-31.4 % |
| Chicken Fillets (1 lb) |
3.27 $ (188.16 ₱) |
1.88 $ (108.02 ₱) |
-42.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
3.75 $ (216.01 ₱) |
3.06 $ (176.10 ₱) |
-18.5 % |
| Apples (1 lb) |
1.46 $ (83.84 ₱) |
1.24 $ (71.17 ₱) |
-15.1 % |
| Banana (1 lb) |
0.60 $ (34.76 ₱) |
0.65 $ (37.68 ₱) |
+8.4 % |
| Oranges (1 lb) |
1.26 $ (72.47 ₱) |
1.17 $ (67.32 ₱) |
-7.1 % |
| Tomato (1 lb) |
1.33 $ (76.60 ₱) |
0.71 $ (41.02 ₱) |
-46.5 % |
| Potato (1 lb) |
0.95 $ (54.40 ₱) |
0.90 $ (52.03 ₱) |
-4.4 % |
| Onion (1 lb) |
0.96 $ (54.95 ₱) |
1.14 $ (65.81 ₱) |
+19.8 % |
| Lettuce (1 head) |
1.93 $ (111.06 ₱) |
1.36 $ (78.44 ₱) |
-29.4 % |
| Water (1.5 liter bottle) |
1.51 $ (87.10 ₱) |
0.71 $ (40.73 ₱) |
-53.2 % |
| Bottle of Wine (Mid-Range) |
9.00 $ (517.79 ₱) |
6.61 $ (380.00 ₱) |
-26.6 % |
| Domestic Beer (0.5 liter bottle) |
1.15 $ (66.10 ₱) |
1.14 $ (65.84 ₱) |
-0.4 % |
| Imported Beer (12 oz small bottle) |
1.88 $ (107.98 ₱) |
1.79 $ (103.24 ₱) |
-4.4 % |
| Cigarettes 20 Pack (Marlboro) |
5.62 $ (323.62 ₱) |
2.61 $ (150.00 ₱) |
-53.6 % |
Transportation | Panama Edit |
Philippines Edit | |
| One-way Ticket (Local Transport) |
0.50 $ (28.77 ₱) |
0.26 $ (15.00 ₱) |
-47.9 % |
| Monthly Pass (Regular Price) |
25.00 $ (1,438.30 ₱) |
10.43 $ (600.00 ₱) |
-58.3 % |
| Taxi Start (Normal Tariff) |
2.00 $ (115.06 ₱) |
0.70 $ (40.00 ₱) |
-65.2 % |
| Taxi 1 mile (Normal Tariff) |
2.82 $ (162.03 ₱) |
0.39 $ (22.53 ₱) |
-86.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 $ (1,150.64 ₱) |
2.61 $ (150.00 ₱) |
-87.0 % |
| Gasoline (1 gallon) |
3.71 $ (213.49 ₱) |
4.43 $ (255.12 ₱) |
+19.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
24,250.00 $ (1,395,150.88 ₱) |
22,596.12 $ (1,300,000.00 ₱) |
-6.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,188.46 $ (1,161,482.47 ₱) |
20,242.85 $ (1,164,611.73 ₱) |
+0.3 % |
Utilities (Monthly) | Panama Edit |
Philippines Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
98.77 $ (5,682.15 ₱) |
102.33 $ (5,887.23 ₱) |
+3.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.71 $ (1,709.18 ₱) |
36.39 $ (2,093.85 ₱) |
+22.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
49.07 $ (2,822.84 ₱) |
30.26 $ (1,741.05 ₱) |
-38.3 % |
Sports And Leisure | Panama Edit |
Philippines Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
47.54 $ (2,735.31 ₱) |
31.89 $ (1,834.86 ₱) |
-32.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
31.50 $ (1,812.26 ₱) |
5.08 $ (292.21 ₱) |
-83.9 % |
| Cinema, International Release, 1 Seat |
7.00 $ (402.72 ₱) |
5.21 $ (300.00 ₱) |
-25.5 % |
Childcare | Panama Edit |
Philippines Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
361.11 $ (20,775.44 ₱) |
139.43 $ (8,021.55 ₱) |
-61.4 % |
| International Primary School, Yearly for 1 Child |
8,240.60 $ (474,098.16 ₱) |
5,181.65 $ (298,110.72 ₱) |
-37.1 % |
Clothing And Shoes | Panama Edit |
Philippines Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.95 $ (2,816.45 ₱) |
39.85 $ (2,292.53 ₱) |
-18.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
39.26 $ (2,258.89 ₱) |
23.47 $ (1,350.38 ₱) |
-40.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
78.78 $ (4,532.52 ₱) |
67.74 $ (3,897.22 ₱) |
-14.0 % |
| 1 Pair of Men Leather Business Shoes |
85.26 $ (4,905.36 ₱) |
61.74 $ (3,552.05 ₱) |
-27.6 % |
Rent Per Month | Panama Edit |
Philippines Edit | |
| Apartment (1 bedroom) in City Centre |
795.57 $ (45,770.81 ₱) |
304.73 $ (17,531.79 ₱) |
-61.7 % |
| Apartment (1 bedroom) Outside of Centre |
540.94 $ (31,121.21 ₱) |
170.34 $ (9,800.00 ₱) |
-68.5 % |
| Apartment (3 bedrooms) in City Centre |
1,753.12 $ (100,860.78 ₱) |
669.09 $ (38,494.14 ₱) |
-61.8 % |
| Apartment (3 bedrooms) Outside of Centre |
1,000.92 $ (57,585.00 ₱) |
352.64 $ (20,287.82 ₱) |
-64.8 % |
Buy Apartment Price | Panama Edit |
Philippines Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
217.23 $ (12,497.52 ₱) |
237.55 $ (13,666.70 ₱) |
+9.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
130.06 $ (7,482.79 ₱) |
124.93 $ (7,187.69 ₱) |
-3.9 % |
Salaries And Financing | Panama Edit |
Philippines Edit | |
| Average Monthly Net Salary (After Tax) |
792.59 $ (45,599.43 ₱) |
373.13 $ (21,467.18 ₱) |
-52.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.20 | 7.30 | +17.8 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 117 | 621 |
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