Cost of Living Comparison Between Singapore and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 47.2% lower than in Singapore (excluding rent) | |
| Cost of Living Including Rent in Panama is 55.8% lower than in Singapore | |
| Rent Prices in Panama are 68.2% lower than in Singapore | |
| Restaurant Prices in Panama are 27.6% lower than in Singapore | |
| Groceries Prices in Panama are 34.3% lower than in Singapore | |
| Local Purchasing Power in Panama is 51.9% lower than in Singapore | |
Restaurants | Singapore Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
14.00 S$ (10.65 $) |
13.14 S$ (10.00 $) |
-6.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 S$ (76.10 $) |
65.70 S$ (50.00 $) |
-34.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.00 S$ (7.61 $) |
9.84 S$ (7.49 $) |
-1.6 % |
| Domestic Beer (1 pint draught) |
12.00 S$ (9.13 $) |
2.63 S$ (2.00 $) |
-78.1 % |
| Imported Beer (12 oz small bottle) |
12.00 S$ (9.13 $) |
4.60 S$ (3.50 $) |
-61.7 % |
| Cappuccino (regular) |
6.27 S$ (4.77 $) |
4.56 S$ (3.47 $) |
-27.2 % |
| Coke/Pepsi (12 oz small bottle) |
2.27 S$ (1.73 $) |
1.94 S$ (1.48 $) |
-14.4 % |
| Water (12 oz small bottle) |
1.62 S$ (1.23 $) |
1.61 S$ (1.22 $) |
-0.7 % |
Markets | Singapore Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
14.30 S$ (10.88 $) |
9.00 S$ (6.85 $) |
-37.0 % |
| Loaf of Fresh White Bread (1 lb) |
2.69 S$ (2.05 $) |
2.91 S$ (2.21 $) |
+8.1 % |
| Rice (white), (1 lb) |
1.70 S$ (1.29 $) |
1.37 S$ (1.04 $) |
-19.4 % |
| Eggs (regular) (12) |
4.29 S$ (3.26 $) |
3.51 S$ (2.67 $) |
-18.2 % |
| Local Cheese (1 lb) |
10.75 S$ (8.18 $) |
6.98 S$ (5.31 $) |
-35.1 % |
| Chicken Fillets (1 lb) |
6.36 S$ (4.84 $) |
4.33 S$ (3.29 $) |
-32.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
12.37 S$ (9.42 $) |
5.36 S$ (4.08 $) |
-56.7 % |
| Apples (1 lb) |
2.55 S$ (1.94 $) |
2.41 S$ (1.83 $) |
-5.7 % |
| Banana (1 lb) |
1.76 S$ (1.34 $) |
0.79 S$ (0.60 $) |
-55.3 % |
| Oranges (1 lb) |
2.56 S$ (1.95 $) |
1.67 S$ (1.27 $) |
-34.5 % |
| Tomato (1 lb) |
1.65 S$ (1.26 $) |
1.75 S$ (1.33 $) |
+5.9 % |
| Potato (1 lb) |
1.46 S$ (1.11 $) |
1.25 S$ (0.95 $) |
-14.4 % |
| Onion (1 lb) |
1.33 S$ (1.02 $) |
1.38 S$ (1.05 $) |
+3.1 % |
| Lettuce (1 head) |
2.40 S$ (1.83 $) |
2.73 S$ (2.08 $) |
+13.6 % |
| Water (1.5 liter bottle) |
1.98 S$ (1.50 $) |
2.05 S$ (1.56 $) |
+3.5 % |
| Bottle of Wine (Mid-Range) |
30.00 S$ (22.83 $) |
13.14 S$ (10.00 $) |
-56.2 % |
| Domestic Beer (0.5 liter bottle) |
5.48 S$ (4.17 $) |
1.58 S$ (1.20 $) |
-71.2 % |
| Imported Beer (12 oz small bottle) |
6.87 S$ (5.23 $) |
2.82 S$ (2.15 $) |
-58.9 % |
| Cigarettes 20 Pack (Marlboro) |
17.00 S$ (12.94 $) |
7.79 S$ (5.92 $) |
-54.2 % |
Transportation | Singapore Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
2.00 S$ (1.52 $) |
0.72 S$ (0.55 $) |
-63.9 % |
| Monthly Pass (Regular Price) |
120.00 S$ (91.32 $) |
32.85 S$ (25.00 $) |
-72.6 % |
| Taxi Start (Normal Tariff) |
4.60 S$ (3.50 $) |
2.96 S$ (2.25 $) |
-35.7 % |
| Taxi 1 mile (Normal Tariff) |
1.61 S$ (1.22 $) |
4.23 S$ (3.22 $) |
+162.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.80 S$ (15.83 $) |
27.59 S$ (21.00 $) |
+32.7 % |
| Gasoline (1 gallon) |
10.86 S$ (8.26 $) |
4.62 S$ (3.51 $) |
-57.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
180,000.00 S$ (136,987.14 $) |
26,279.84 S$ (20,000.00 $) |
-85.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
159,876.26 S$ (121,672.17 $) |
28,204.29 S$ (21,464.58 $) |
-82.4 % |
Utilities (Monthly) | Singapore Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
207.85 S$ (158.18 $) |
143.23 S$ (109.00 $) |
-31.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
23.16 S$ (17.62 $) |
38.72 S$ (29.47 $) |
+67.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.47 S$ (36.89 $) |
64.12 S$ (48.80 $) |
+32.3 % |
Sports And Leisure | Singapore Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
143.60 S$ (109.29 $) |
68.73 S$ (52.30 $) |
-52.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
15.72 S$ (11.97 $) |
49.27 S$ (37.50 $) |
+213.4 % |
| Cinema, International Release, 1 Seat |
15.00 S$ (11.42 $) |
9.20 S$ (7.00 $) |
-38.7 % |
Childcare | Singapore Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,483.60 S$ (1,129.08 $) |
586.92 S$ (446.67 $) |
-60.4 % |
| International Primary School, Yearly for 1 Child |
37,077.78 S$ (28,217.66 $) |
13,698.37 S$ (10,425.00 $) |
-63.1 % |
Clothing And Shoes | Singapore Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
102.53 S$ (78.03 $) |
63.42 S$ (48.27 $) |
-38.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
57.69 S$ (43.91 $) |
54.08 S$ (41.15 $) |
-6.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
134.24 S$ (102.16 $) |
109.94 S$ (83.67 $) |
-18.1 % |
| 1 Pair of Men Leather Business Shoes |
153.57 S$ (116.87 $) |
145.14 S$ (110.45 $) |
-5.5 % |
Rent Per Month | Singapore Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
4,069.77 S$ (3,097.25 $) |
1,209.47 S$ (920.45 $) |
-70.3 % |
| Apartment (1 bedroom) Outside of Centre |
2,923.81 S$ (2,225.13 $) |
917.98 S$ (698.62 $) |
-68.6 % |
| Apartment (3 bedrooms) in City Centre |
7,871.05 S$ (5,990.18 $) |
2,372.46 S$ (1,805.53 $) |
-69.9 % |
| Apartment (3 bedrooms) Outside of Centre |
4,791.49 S$ (3,646.51 $) |
1,747.61 S$ (1,330.00 $) |
-63.5 % |
Buy Apartment Price | Singapore Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
2,747.54 S$ (2,090.98 $) |
263.98 S$ (200.90 $) |
-90.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,795.16 S$ (1,366.19 $) |
188.64 S$ (143.56 $) |
-89.5 % |
Salaries And Financing | Singapore Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
5,105.56 S$ (3,885.54 $) |
1,085.73 S$ (826.28 $) |
-78.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.23 | 6.30 | +94.8 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 380 | 91 |
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