Cost of Living Comparison Between Philippines and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 46.9% higher than in Philippines (without rent) | |
| Consumer Prices Including Rent in Panama are 69.3% higher than in Philippines | |
| Rent Prices in Panama are 173.3% higher than in Philippines | |
| Restaurant Prices in Panama are 146.8% higher than in Philippines | |
| Groceries Prices in Panama are 37.5% higher than in Philippines | |
| Local Purchasing Power in Panama is 25.5% higher than in Philippines | |
Restaurants | Philippines Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
200.00 ₱ (3.48 $) |
575.32 ₱ (10.00 $) |
+187.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
1,200.00 ₱ (20.86 $) |
3,451.92 ₱ (60.00 $) |
+187.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
200.00 ₱ (3.48 $) |
460.26 ₱ (8.00 $) |
+130.1 % |
| Domestic Beer (1 pint draught) |
70.00 ₱ (1.22 $) |
115.06 ₱ (2.00 $) |
+64.4 % |
| Imported Beer (12 oz small bottle) |
120.00 ₱ (2.09 $) |
179.79 ₱ (3.12 $) |
+49.8 % |
| Cappuccino (regular) |
134.62 ₱ (2.34 $) |
200.57 ₱ (3.49 $) |
+49.0 % |
| Coke/Pepsi (12 oz small bottle) |
41.72 ₱ (0.73 $) |
90.21 ₱ (1.57 $) |
+116.2 % |
| Water (12 oz small bottle) |
21.99 ₱ (0.38 $) |
70.16 ₱ (1.22 $) |
+219.0 % |
Markets | Philippines Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
371.37 ₱ (6.45 $) |
376.69 ₱ (6.55 $) |
+1.4 % |
| Loaf of Fresh White Bread (1 lb) |
61.96 ₱ (1.08 $) |
121.21 ₱ (2.11 $) |
+95.6 % |
| Rice (white), (1 lb) |
23.64 ₱ (0.41 $) |
54.50 ₱ (0.95 $) |
+130.6 % |
| Eggs (regular) (12) |
115.02 ₱ (2.00 $) |
142.71 ₱ (2.48 $) |
+24.1 % |
| Local Cheese (1 lb) |
185.81 ₱ (3.23 $) |
271.01 ₱ (4.71 $) |
+45.9 % |
| Chicken Fillets (1 lb) |
108.02 ₱ (1.88 $) |
188.16 ₱ (3.27 $) |
+74.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
176.10 ₱ (3.06 $) |
216.01 ₱ (3.75 $) |
+22.7 % |
| Apples (1 lb) |
71.17 ₱ (1.24 $) |
83.84 ₱ (1.46 $) |
+17.8 % |
| Banana (1 lb) |
37.68 ₱ (0.65 $) |
34.76 ₱ (0.60 $) |
-7.7 % |
| Oranges (1 lb) |
67.32 ₱ (1.17 $) |
72.47 ₱ (1.26 $) |
+7.6 % |
| Tomato (1 lb) |
41.02 ₱ (0.71 $) |
76.60 ₱ (1.33 $) |
+86.7 % |
| Potato (1 lb) |
52.03 ₱ (0.90 $) |
54.40 ₱ (0.95 $) |
+4.6 % |
| Onion (1 lb) |
65.81 ₱ (1.14 $) |
54.95 ₱ (0.96 $) |
-16.5 % |
| Lettuce (1 head) |
78.44 ₱ (1.36 $) |
111.06 ₱ (1.93 $) |
+41.6 % |
| Water (1.5 liter bottle) |
40.73 ₱ (0.71 $) |
87.10 ₱ (1.51 $) |
+113.9 % |
| Bottle of Wine (Mid-Range) |
380.00 ₱ (6.61 $) |
517.79 ₱ (9.00 $) |
+36.3 % |
| Domestic Beer (0.5 liter bottle) |
65.84 ₱ (1.14 $) |
66.10 ₱ (1.15 $) |
+0.4 % |
| Imported Beer (12 oz small bottle) |
103.24 ₱ (1.79 $) |
107.98 ₱ (1.88 $) |
+4.6 % |
| Cigarettes 20 Pack (Marlboro) |
150.00 ₱ (2.61 $) |
323.62 ₱ (5.62 $) |
+115.7 % |
Transportation | Philippines Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
15.00 ₱ (0.26 $) |
28.77 ₱ (0.50 $) |
+91.8 % |
| Monthly Pass (Regular Price) |
600.00 ₱ (10.43 $) |
1,438.30 ₱ (25.00 $) |
+139.7 % |
| Taxi Start (Normal Tariff) |
40.00 ₱ (0.70 $) |
115.06 ₱ (2.00 $) |
+187.7 % |
| Taxi 1 mile (Normal Tariff) |
22.53 ₱ (0.39 $) |
162.03 ₱ (2.82 $) |
+619.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
150.00 ₱ (2.61 $) |
1,150.64 ₱ (20.00 $) |
+667.1 % |
| Gasoline (1 gallon) |
255.12 ₱ (4.43 $) |
213.49 ₱ (3.71 $) |
-16.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
1,300,000.00 ₱ (22,596.12 $) |
1,395,150.88 ₱ (24,250.00 $) |
+7.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
1,164,611.73 ₱ (20,242.85 $) |
1,161,482.47 ₱ (20,188.46 $) |
-0.3 % |
Utilities (Monthly) | Philippines Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
5,887.23 ₱ (102.33 $) |
5,682.15 ₱ (98.77 $) |
-3.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
2,093.85 ₱ (36.39 $) |
1,709.18 ₱ (29.71 $) |
-18.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
1,741.05 ₱ (30.26 $) |
2,822.84 ₱ (49.07 $) |
+62.1 % |
Sports And Leisure | Philippines Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
1,830.47 ₱ (31.82 $) |
2,735.31 ₱ (47.54 $) |
+49.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
292.21 ₱ (5.08 $) |
1,812.26 ₱ (31.50 $) |
+520.2 % |
| Cinema, International Release, 1 Seat |
300.00 ₱ (5.21 $) |
402.72 ₱ (7.00 $) |
+34.2 % |
Childcare | Philippines Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
8,021.55 ₱ (139.43 $) |
20,775.44 ₱ (361.11 $) |
+159.0 % |
| International Primary School, Yearly for 1 Child |
298,110.72 ₱ (5,181.65 $) |
474,098.16 ₱ (8,240.60 $) |
+59.0 % |
Clothing And Shoes | Philippines Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
2,292.53 ₱ (39.85 $) |
2,816.45 ₱ (48.95 $) |
+22.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
1,350.38 ₱ (23.47 $) |
2,258.89 ₱ (39.26 $) |
+67.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
3,897.22 ₱ (67.74 $) |
4,532.52 ₱ (78.78 $) |
+16.3 % |
| 1 Pair of Men Leather Business Shoes |
3,552.05 ₱ (61.74 $) |
4,905.36 ₱ (85.26 $) |
+38.1 % |
Rent Per Month | Philippines Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
17,531.79 ₱ (304.73 $) |
45,770.81 ₱ (795.57 $) |
+161.1 % |
| Apartment (1 bedroom) Outside of Centre |
9,800.00 ₱ (170.34 $) |
31,121.21 ₱ (540.94 $) |
+217.6 % |
| Apartment (3 bedrooms) in City Centre |
38,494.14 ₱ (669.09 $) |
100,860.78 ₱ (1,753.12 $) |
+162.0 % |
| Apartment (3 bedrooms) Outside of Centre |
20,287.82 ₱ (352.64 $) |
57,585.00 ₱ (1,000.92 $) |
+183.8 % |
Buy Apartment Price | Philippines Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
13,666.70 ₱ (237.55 $) |
12,497.52 ₱ (217.23 $) |
-8.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
7,187.69 ₱ (124.93 $) |
7,482.79 ₱ (130.06 $) |
+4.1 % |
Salaries And Financing | Philippines Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
21,467.18 ₱ (373.13 $) |
45,599.43 ₱ (792.59 $) |
+112.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.30 | 6.20 | -15.1 % |
| Last update: | May 2024 | April 2024 | |
| Contributors in the past 12 months: | 620 | 117 |
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