Cost of Living Comparison Between Puerto Rico and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 26.3% lower than in Puerto Rico (without rent) | |
| Consumer Prices Including Rent in Panama are 20.3% lower than in Puerto Rico | |
| Rent Prices in Panama are 0.3% higher than in Puerto Rico | |
| Restaurant Prices in Panama are 16.6% lower than in Puerto Rico | |
| Groceries Prices in Panama are 25.0% lower than in Puerto Rico | |
| Local Purchasing Power in Panama is 59.1% lower than in Puerto Rico | |
Restaurants | Puerto Rico Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 13.00 $ | 10.00 $ | -23.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 75.00 $ | 60.00 $ | -20.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 8.00 $ | 8.00 $ | 0.0 % |
| Domestic Beer (1 pint draught) | 2.50 $ | 2.00 $ | -20.0 % |
| Imported Beer (12 oz small bottle) | 4.00 $ | 3.12 $ | -21.9 % |
| Cappuccino (regular) | 3.13 $ | 3.49 $ | +11.4 % |
| Coke/Pepsi (12 oz small bottle) | 1.48 $ | 1.57 $ | +6.0 % |
| Water (12 oz small bottle) | 1.27 $ | 1.22 $ | -3.8 % |
Markets | Puerto Rico Edit |
Panama Edit | |
| Milk (regular), (1 gallon) | 7.04 $ | 6.55 $ | -7.0 % |
| Loaf of Fresh White Bread (1 lb) | 2.59 $ | 2.13 $ | -17.9 % |
| Rice (white), (1 lb) | 1.08 $ | 0.95 $ | -12.4 % |
| Eggs (regular) (12) | 4.20 $ | 2.48 $ | -40.9 % |
| Local Cheese (1 lb) | 3.73 $ | 4.71 $ | +26.4 % |
| Chicken Fillets (1 lb) | 3.88 $ | 3.27 $ | -15.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 4.55 $ | 3.75 $ | -17.5 % |
| Apples (1 lb) | 2.49 $ | 1.46 $ | -41.4 % |
| Banana (1 lb) | 1.07 $ | 0.60 $ | -43.3 % |
| Oranges (1 lb) | 1.50 $ | 1.26 $ | -16.2 % |
| Tomato (1 lb) | 2.01 $ | 1.33 $ | -33.9 % |
| Potato (1 lb) | 1.42 $ | 0.95 $ | -33.4 % |
| Onion (1 lb) | 1.23 $ | 0.96 $ | -22.5 % |
| Lettuce (1 head) | 2.41 $ | 1.93 $ | -19.9 % |
| Water (1.5 liter bottle) | 1.77 $ | 1.51 $ | -14.5 % |
| Bottle of Wine (Mid-Range) | 15.00 $ | 9.00 $ | -40.0 % |
| Domestic Beer (0.5 liter bottle) | 2.08 $ | 1.15 $ | -44.9 % |
| Imported Beer (12 oz small bottle) | 2.69 $ | 1.88 $ | -30.3 % |
| Cigarettes 20 Pack (Marlboro) | 10.25 $ | 5.62 $ | -45.1 % |
Transportation | Puerto Rico Edit |
Panama Edit | |
| One-way Ticket (Local Transport) | 1.50 $ | 0.50 $ | -66.7 % |
| Monthly Pass (Regular Price) | 60.00 $ | 25.00 $ | -58.3 % |
| Taxi Start (Normal Tariff) | 10.00 $ | 2.00 $ | -80.0 % |
| Taxi 1 mile (Normal Tariff) | 1.55 $ | 2.82 $ | +81.2 % |
| Taxi 1hour Waiting (Normal Tariff) | 40.00 $ | 20.00 $ | -50.0 % |
| Gasoline (1 gallon) | 3.74 $ | 3.71 $ | -0.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 30,000.00 $ | 24,250.00 $ | -19.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 25,688.61 $ | 20,188.46 $ | -21.4 % |
Utilities (Monthly) | Puerto Rico Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 250.01 $ | 98.77 $ | -60.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 70.62 $ | 29.71 $ | -57.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 62.12 $ | 49.07 $ | -21.0 % |
Sports And Leisure | Puerto Rico Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 35.23 $ | 47.54 $ | +35.0 % |
| Tennis Court Rent (1 Hour on Weekend) | 23.22 $ | 31.50 $ | +35.6 % |
| Cinema, International Release, 1 Seat | 8.00 $ | 7.00 $ | -12.5 % |
Childcare | Puerto Rico Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 368.67 $ | 361.11 $ | -2.1 % |
| International Primary School, Yearly for 1 Child | 6,350.00 $ | 8,240.60 $ | +29.8 % |
Clothing And Shoes | Puerto Rico Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 46.12 $ | 48.95 $ | +6.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 44.00 $ | 39.26 $ | -10.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 81.62 $ | 78.78 $ | -3.5 % |
| 1 Pair of Men Leather Business Shoes | 97.86 $ | 85.26 $ | -12.9 % |
Rent Per Month | Puerto Rico Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre | 906.32 $ | 795.57 $ | -12.2 % |
| Apartment (1 bedroom) Outside of Centre | 570.00 $ | 540.94 $ | -5.1 % |
| Apartment (3 bedrooms) in City Centre | 1,557.81 $ | 1,753.12 $ | +12.5 % |
| Apartment (3 bedrooms) Outside of Centre | 1,044.31 $ | 1,000.92 $ | -4.2 % |
Buy Apartment Price | Puerto Rico Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 188.33 $ | 217.23 $ | +15.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 147.00 $ | 130.06 $ | -11.5 % |
Salaries And Financing | Puerto Rico Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) | 2,433.03 $ | 792.59 $ | -67.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.97 | 6.20 | +24.7 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 100 | 118 |
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