Cost of Living Comparison Between Panama and Singapore 
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| Indices Difference |  |
|---|---|
| Cost of Living in Singapore is 89.5% higher than in Panama (excluding rent) | |
| Cost of Living Including Rent in Singapore is 126.2% higher than in Panama | |
| Rent Prices in Singapore are 214.6% higher than in Panama | |
| Restaurant Prices in Singapore are 38.2% higher than in Panama | |
| Groceries Prices in Singapore are 52.2% higher than in Panama | |
| Local Purchasing Power in Singapore is 107.9% higher than in Panama | |
Restaurants | Panama Edit |
Singapore Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (13.14 S$) |
10.65 $ (14.00 S$) |
+6.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
50.00 $ (65.70 S$) |
76.10 $ (100.00 S$) |
+52.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.49 $ (9.84 S$) |
7.61 $ (10.00 S$) |
+1.6 % |
| Domestic Beer (1 pint draught) |
2.00 $ (2.63 S$) |
9.13 $ (12.00 S$) |
+356.6 % |
| Imported Beer (12 oz small bottle) |
3.50 $ (4.60 S$) |
9.13 $ (12.00 S$) |
+160.9 % |
| Cappuccino (regular) |
3.47 $ (4.56 S$) |
4.77 $ (6.27 S$) |
+37.3 % |
| Coke/Pepsi (12 oz small bottle) |
1.48 $ (1.94 S$) |
1.73 $ (2.27 S$) |
+16.8 % |
| Water (12 oz small bottle) |
1.22 $ (1.61 S$) |
1.23 $ (1.62 S$) |
+0.7 % |
Markets | Panama Edit |
Singapore Edit | |
| Milk (regular), (1 gallon) |
6.85 $ (9.00 S$) |
10.88 $ (14.30 S$) |
+58.8 % |
| Loaf of Fresh White Bread (1 lb) |
2.21 $ (2.91 S$) |
2.05 $ (2.69 S$) |
-7.5 % |
| Rice (white), (1 lb) |
1.04 $ (1.37 S$) |
1.29 $ (1.70 S$) |
+24.0 % |
| Eggs (regular) (12) |
2.67 $ (3.51 S$) |
3.26 $ (4.29 S$) |
+22.3 % |
| Local Cheese (1 lb) |
5.31 $ (6.98 S$) |
8.18 $ (10.75 S$) |
+54.0 % |
| Chicken Fillets (1 lb) |
3.29 $ (4.33 S$) |
4.84 $ (6.36 S$) |
+47.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.08 $ (5.36 S$) |
9.42 $ (12.37 S$) |
+131.0 % |
| Apples (1 lb) |
1.83 $ (2.41 S$) |
1.94 $ (2.55 S$) |
+6.1 % |
| Banana (1 lb) |
0.60 $ (0.79 S$) |
1.34 $ (1.76 S$) |
+123.7 % |
| Oranges (1 lb) |
1.27 $ (1.67 S$) |
1.95 $ (2.56 S$) |
+52.8 % |
| Tomato (1 lb) |
1.33 $ (1.75 S$) |
1.26 $ (1.65 S$) |
-5.6 % |
| Potato (1 lb) |
0.95 $ (1.25 S$) |
1.11 $ (1.46 S$) |
+16.8 % |
| Onion (1 lb) |
1.05 $ (1.38 S$) |
1.02 $ (1.33 S$) |
-3.0 % |
| Lettuce (1 head) |
2.08 $ (2.73 S$) |
1.83 $ (2.40 S$) |
-11.9 % |
| Water (1.5 liter bottle) |
1.56 $ (2.05 S$) |
1.50 $ (1.98 S$) |
-3.4 % |
| Bottle of Wine (Mid-Range) |
10.00 $ (13.14 S$) |
22.83 $ (30.00 S$) |
+128.3 % |
| Domestic Beer (0.5 liter bottle) |
1.20 $ (1.58 S$) |
4.17 $ (5.48 S$) |
+247.1 % |
| Imported Beer (12 oz small bottle) |
2.15 $ (2.82 S$) |
5.23 $ (6.87 S$) |
+143.5 % |
| Cigarettes 20 Pack (Marlboro) |
5.92 $ (7.79 S$) |
12.94 $ (17.00 S$) |
+118.4 % |
Transportation | Panama Edit |
Singapore Edit | |
| One-way Ticket (Local Transport) |
0.55 $ (0.72 S$) |
1.52 $ (2.00 S$) |
+176.7 % |
| Monthly Pass (Regular Price) |
25.00 $ (32.85 S$) |
91.32 $ (120.00 S$) |
+265.3 % |
| Taxi Start (Normal Tariff) |
2.25 $ (2.96 S$) |
3.50 $ (4.60 S$) |
+55.6 % |
| Taxi 1 mile (Normal Tariff) |
3.22 $ (4.23 S$) |
1.22 $ (1.61 S$) |
-61.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (27.59 S$) |
15.83 $ (20.80 S$) |
-24.6 % |
| Gasoline (1 gallon) |
3.51 $ (4.62 S$) |
8.26 $ (10.86 S$) |
+135.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
20,000.00 $ (26,279.84 S$) |
136,987.14 $ (180,000.00 S$) |
+584.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
21,464.58 $ (28,204.29 S$) |
121,672.17 $ (159,876.26 S$) |
+466.9 % |
Utilities (Monthly) | Panama Edit |
Singapore Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
109.00 $ (143.23 S$) |
158.18 $ (207.85 S$) |
+45.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.47 $ (38.72 S$) |
17.62 $ (23.16 S$) |
-40.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.80 $ (64.12 S$) |
36.89 $ (48.47 S$) |
-24.4 % |
Sports And Leisure | Panama Edit |
Singapore Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
52.30 $ (68.73 S$) |
109.29 $ (143.60 S$) |
+108.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
37.50 $ (49.27 S$) |
11.97 $ (15.72 S$) |
-68.1 % |
| Cinema, International Release, 1 Seat |
7.00 $ (9.20 S$) |
11.42 $ (15.00 S$) |
+63.1 % |
Childcare | Panama Edit |
Singapore Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
446.67 $ (586.92 S$) |
1,129.08 $ (1,483.60 S$) |
+152.8 % |
| International Primary School, Yearly for 1 Child |
10,425.00 $ (13,698.37 S$) |
28,217.66 $ (37,077.78 S$) |
+170.7 % |
Clothing And Shoes | Panama Edit |
Singapore Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.27 $ (63.42 S$) |
78.03 $ (102.53 S$) |
+61.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
41.15 $ (54.08 S$) |
43.91 $ (57.69 S$) |
+6.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.67 $ (109.94 S$) |
102.16 $ (134.24 S$) |
+22.1 % |
| 1 Pair of Men Leather Business Shoes |
110.45 $ (145.14 S$) |
116.87 $ (153.57 S$) |
+5.8 % |
Rent Per Month | Panama Edit |
Singapore Edit | |
| Apartment (1 bedroom) in City Centre |
920.45 $ (1,209.47 S$) |
3,097.25 $ (4,069.77 S$) |
+236.5 % |
| Apartment (1 bedroom) Outside of Centre |
698.62 $ (917.98 S$) |
2,225.13 $ (2,923.81 S$) |
+218.5 % |
| Apartment (3 bedrooms) in City Centre |
1,805.53 $ (2,372.46 S$) |
5,990.18 $ (7,871.05 S$) |
+231.8 % |
| Apartment (3 bedrooms) Outside of Centre |
1,330.00 $ (1,747.61 S$) |
3,646.51 $ (4,791.49 S$) |
+174.2 % |
Buy Apartment Price | Panama Edit |
Singapore Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
200.90 $ (263.98 S$) |
2,090.98 $ (2,747.54 S$) |
+940.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
143.56 $ (188.64 S$) |
1,366.19 $ (1,795.16 S$) |
+851.6 % |
Salaries And Financing | Panama Edit |
Singapore Edit | |
| Average Monthly Net Salary (After Tax) |
826.28 $ (1,085.73 S$) |
3,885.54 $ (5,105.56 S$) |
+370.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.30 | 3.23 | -48.7 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 91 | 380 |
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