Cost of Living Comparison Between South Africa and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 39.6% higher than in South Africa (without rent) | |
| Consumer Prices Including Rent in Panama are 49.2% higher than in South Africa | |
| Rent Prices in Panama are 80.4% higher than in South Africa | |
| Restaurant Prices in Panama are 49.5% higher than in South Africa | |
| Groceries Prices in Panama are 68.9% higher than in South Africa | |
| Local Purchasing Power in Panama is 58.9% lower than in South Africa | |
Restaurants | South Africa Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
150.00 R (7.99 $) |
187.68 R (10.00 $) |
+25.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
700.00 R (37.30 $) |
1,126.07 R (60.00 $) |
+60.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
80.00 R (4.26 $) |
150.14 R (8.00 $) |
+87.7 % |
| Domestic Beer (1 pint draught) |
40.00 R (2.13 $) |
37.54 R (2.00 $) |
-6.2 % |
| Imported Beer (12 oz small bottle) |
42.00 R (2.24 $) |
58.65 R (3.12 $) |
+39.6 % |
| Cappuccino (regular) |
34.29 R (1.83 $) |
65.44 R (3.49 $) |
+90.9 % |
| Coke/Pepsi (12 oz small bottle) |
17.13 R (0.91 $) |
29.67 R (1.58 $) |
+73.2 % |
| Water (12 oz small bottle) |
13.07 R (0.70 $) |
22.78 R (1.21 $) |
+74.3 % |
Markets | South Africa Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
71.19 R (3.79 $) |
121.95 R (6.50 $) |
+71.3 % |
| Loaf of Fresh White Bread (1 lb) |
15.62 R (0.83 $) |
39.90 R (2.13 $) |
+155.5 % |
| Rice (white), (1 lb) |
12.11 R (0.65 $) |
18.07 R (0.96 $) |
+49.2 % |
| Eggs (regular) (12) |
38.86 R (2.07 $) |
46.29 R (2.47 $) |
+19.1 % |
| Local Cheese (1 lb) |
58.48 R (3.12 $) |
88.41 R (4.71 $) |
+51.2 % |
| Chicken Fillets (1 lb) |
36.60 R (1.95 $) |
61.38 R (3.27 $) |
+67.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
53.72 R (2.86 $) |
70.46 R (3.75 $) |
+31.2 % |
| Apples (1 lb) |
11.76 R (0.63 $) |
25.85 R (1.38 $) |
+119.8 % |
| Banana (1 lb) |
11.42 R (0.61 $) |
11.45 R (0.61 $) |
+0.3 % |
| Oranges (1 lb) |
10.95 R (0.58 $) |
23.64 R (1.26 $) |
+116.0 % |
| Tomato (1 lb) |
11.98 R (0.64 $) |
25.01 R (1.33 $) |
+108.7 % |
| Potato (1 lb) |
9.55 R (0.51 $) |
17.75 R (0.95 $) |
+85.8 % |
| Onion (1 lb) |
11.13 R (0.59 $) |
17.19 R (0.92 $) |
+54.5 % |
| Lettuce (1 head) |
18.28 R (0.97 $) |
36.23 R (1.93 $) |
+98.2 % |
| Water (1.5 liter bottle) |
16.57 R (0.88 $) |
28.41 R (1.51 $) |
+71.5 % |
| Bottle of Wine (Mid-Range) |
80.00 R (4.26 $) |
150.14 R (8.00 $) |
+87.7 % |
| Domestic Beer (0.5 liter bottle) |
22.70 R (1.21 $) |
22.24 R (1.18 $) |
-2.0 % |
| Imported Beer (12 oz small bottle) |
29.26 R (1.56 $) |
35.65 R (1.90 $) |
+21.8 % |
| Cigarettes 20 Pack (Marlboro) |
50.00 R (2.66 $) |
107.92 R (5.75 $) |
+115.8 % |
Transportation | South Africa Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
30.00 R (1.60 $) |
8.45 R (0.45 $) |
-71.8 % |
| Monthly Pass (Regular Price) |
800.00 R (42.63 $) |
469.20 R (25.00 $) |
-41.4 % |
| Taxi Start (Normal Tariff) |
20.00 R (1.07 $) |
37.54 R (2.00 $) |
+87.7 % |
| Taxi 1 mile (Normal Tariff) |
30.58 R (1.63 $) |
52.86 R (2.82 $) |
+72.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
87.50 R (4.66 $) |
375.36 R (20.00 $) |
+329.0 % |
| Gasoline (1 gallon) |
88.28 R (4.70 $) |
69.83 R (3.72 $) |
-20.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
350,000.00 R (18,648.94 $) |
455,119.80 R (24,250.00 $) |
+30.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
408,706.93 R (21,777.00 $) |
378,893.55 R (20,188.46 $) |
-7.3 % |
Utilities (Monthly) | South Africa Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,892.15 R (100.82 $) |
1,828.53 R (97.43 $) |
-3.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
589.10 R (31.39 $) |
557.56 R (29.71 $) |
-5.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
757.89 R (40.38 $) |
912.98 R (48.65 $) |
+20.5 % |
Sports And Leisure | South Africa Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
571.99 R (30.48 $) |
881.41 R (46.96 $) |
+54.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
163.59 R (8.72 $) |
591.19 R (31.50 $) |
+261.4 % |
| Cinema, International Release, 1 Seat |
114.50 R (6.10 $) |
131.37 R (7.00 $) |
+14.7 % |
Childcare | South Africa Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,473.08 R (185.05 $) |
6,777.27 R (361.11 $) |
+95.1 % |
| International Primary School, Yearly for 1 Child |
80,040.39 R (4,264.77 $) |
154,658.16 R (8,240.60 $) |
+93.2 % |
Clothing And Shoes | South Africa Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
826.28 R (44.03 $) |
918.77 R (48.95 $) |
+11.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
534.49 R (28.48 $) |
736.88 R (39.26 $) |
+37.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,528.50 R (81.44 $) |
1,478.58 R (78.78 $) |
-3.3 % |
| 1 Pair of Men Leather Business Shoes |
1,401.54 R (74.68 $) |
1,600.20 R (85.26 $) |
+14.2 % |
Rent Per Month | South Africa Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
8,283.87 R (441.39 $) |
15,341.43 R (817.43 $) |
+85.2 % |
| Apartment (1 bedroom) Outside of Centre |
6,337.00 R (337.65 $) |
10,272.63 R (547.35 $) |
+62.1 % |
| Apartment (3 bedrooms) in City Centre |
15,736.07 R (838.46 $) |
31,684.51 R (1,688.24 $) |
+101.3 % |
| Apartment (3 bedrooms) Outside of Centre |
12,131.00 R (646.37 $) |
19,351.51 R (1,031.10 $) |
+59.5 % |
Buy Apartment Price | South Africa Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,688.03 R (89.94 $) |
4,076.89 R (217.23 $) |
+141.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,331.97 R (70.97 $) |
2,441.00 R (130.06 $) |
+83.3 % |
Salaries And Financing | South Africa Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
24,223.77 R (1,290.71 $) |
14,875.24 R (792.59 $) |
-38.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 11.35 | 6.20 | -45.4 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 824 | 117 |
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