Cost of Living Comparison Between Australia and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 29.7% lower than in Australia (excluding rent) | |
| Cost of Living Including Rent in Panama is 28.4% lower than in Australia | |
| Rent Prices in Panama are 25.1% lower than in Australia | |
| Restaurant Prices in Panama are 31.9% lower than in Australia | |
| Groceries Prices in Panama are 30.1% lower than in Australia | |
| Local Purchasing Power in Panama is 67.2% lower than in Australia | |
Restaurants | Australia Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 A$ (15.87 $) |
15.75 A$ (10.00 $) |
-37.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 A$ (76.20 $) |
78.74 A$ (50.00 $) |
-34.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 A$ (9.52 $) |
11.80 A$ (7.49 $) |
-21.4 % |
| Domestic Beer (1 pint draught) |
10.00 A$ (6.35 $) |
3.15 A$ (2.00 $) |
-68.5 % |
| Imported Beer (12 oz small bottle) |
11.00 A$ (6.98 $) |
5.51 A$ (3.50 $) |
-49.9 % |
| Cappuccino (regular) |
5.36 A$ (3.40 $) |
5.47 A$ (3.47 $) |
+2.1 % |
| Coke/Pepsi (12 oz small bottle) |
4.06 A$ (2.58 $) |
2.33 A$ (1.48 $) |
-42.6 % |
| Water (12 oz small bottle) |
3.33 A$ (2.11 $) |
1.93 A$ (1.22 $) |
-42.2 % |
Markets | Australia Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
8.93 A$ (5.67 $) |
10.79 A$ (6.85 $) |
+20.8 % |
| Loaf of Fresh White Bread (1 lb) |
3.42 A$ (2.17 $) |
3.49 A$ (2.21 $) |
+2.0 % |
| Rice (white), (1 lb) |
1.45 A$ (0.92 $) |
1.64 A$ (1.04 $) |
+13.6 % |
| Eggs (regular) (12) |
6.59 A$ (4.18 $) |
4.20 A$ (2.67 $) |
-36.2 % |
| Local Cheese (1 lb) |
6.28 A$ (3.99 $) |
8.36 A$ (5.31 $) |
+33.2 % |
| Chicken Fillets (1 lb) |
5.91 A$ (3.75 $) |
5.19 A$ (3.29 $) |
-12.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.73 A$ (6.18 $) |
6.42 A$ (4.08 $) |
-34.0 % |
| Apples (1 lb) |
2.22 A$ (1.41 $) |
2.88 A$ (1.83 $) |
+29.9 % |
| Banana (1 lb) |
1.92 A$ (1.22 $) |
0.95 A$ (0.60 $) |
-50.7 % |
| Oranges (1 lb) |
2.03 A$ (1.29 $) |
2.01 A$ (1.27 $) |
-1.1 % |
| Tomato (1 lb) |
2.98 A$ (1.89 $) |
2.09 A$ (1.33 $) |
-29.7 % |
| Potato (1 lb) |
1.71 A$ (1.09 $) |
1.50 A$ (0.95 $) |
-12.3 % |
| Onion (1 lb) |
1.50 A$ (0.95 $) |
1.65 A$ (1.05 $) |
+10.1 % |
| Lettuce (1 head) |
3.39 A$ (2.15 $) |
3.27 A$ (2.08 $) |
-3.5 % |
| Water (1.5 liter bottle) |
2.32 A$ (1.47 $) |
2.45 A$ (1.56 $) |
+5.9 % |
| Bottle of Wine (Mid-Range) |
20.00 A$ (12.70 $) |
15.75 A$ (10.00 $) |
-21.3 % |
| Domestic Beer (0.5 liter bottle) |
6.88 A$ (4.37 $) |
1.89 A$ (1.20 $) |
-72.5 % |
| Imported Beer (12 oz small bottle) |
7.57 A$ (4.81 $) |
3.38 A$ (2.15 $) |
-55.3 % |
| Cigarettes 20 Pack (Marlboro) |
48.00 A$ (30.48 $) |
9.33 A$ (5.92 $) |
-80.6 % |
Transportation | Australia Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
4.60 A$ (2.92 $) |
0.87 A$ (0.55 $) |
-81.2 % |
| Monthly Pass (Regular Price) |
150.00 A$ (95.25 $) |
39.37 A$ (25.00 $) |
-73.8 % |
| Taxi Start (Normal Tariff) |
6.00 A$ (3.81 $) |
3.54 A$ (2.25 $) |
-40.9 % |
| Taxi 1 mile (Normal Tariff) |
4.35 A$ (2.76 $) |
5.07 A$ (3.22 $) |
+16.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
58.00 A$ (36.83 $) |
33.07 A$ (21.00 $) |
-43.0 % |
| Gasoline (1 gallon) |
6.94 A$ (4.41 $) |
5.53 A$ (3.51 $) |
-20.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
44,423.00 A$ (28,207.71 $) |
31,497.06 A$ (20,000.00 $) |
-29.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
34,934.26 A$ (22,182.55 $) |
33,803.56 A$ (21,464.58 $) |
-3.2 % |
Utilities (Monthly) | Australia Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
270.21 A$ (171.58 $) |
171.66 A$ (109.00 $) |
-36.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
41.31 A$ (26.23 $) |
46.40 A$ (29.47 $) |
+12.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
81.37 A$ (51.67 $) |
76.85 A$ (48.80 $) |
-5.6 % |
Sports And Leisure | Australia Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
73.24 A$ (46.50 $) |
82.53 A$ (52.40 $) |
+12.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
25.81 A$ (16.39 $) |
59.06 A$ (37.50 $) |
+128.8 % |
| Cinema, International Release, 1 Seat |
22.00 A$ (13.97 $) |
11.02 A$ (7.00 $) |
-49.9 % |
Childcare | Australia Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,431.61 A$ (1,544.03 $) |
703.43 A$ (446.67 $) |
-71.1 % |
| International Primary School, Yearly for 1 Child |
19,162.60 A$ (12,167.86 $) |
16,417.84 A$ (10,425.00 $) |
-14.3 % |
Clothing And Shoes | Australia Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
110.45 A$ (70.14 $) |
76.01 A$ (48.27 $) |
-31.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
78.59 A$ (49.90 $) |
64.81 A$ (41.15 $) |
-17.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
157.16 A$ (99.79 $) |
131.76 A$ (83.67 $) |
-16.2 % |
| 1 Pair of Men Leather Business Shoes |
170.19 A$ (108.07 $) |
173.95 A$ (110.45 $) |
+2.2 % |
Rent Per Month | Australia Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
2,128.27 A$ (1,351.41 $) |
1,449.58 A$ (920.45 $) |
-31.9 % |
| Apartment (1 bedroom) Outside of Centre |
1,684.96 A$ (1,069.91 $) |
1,100.22 A$ (698.62 $) |
-34.7 % |
| Apartment (3 bedrooms) in City Centre |
3,580.11 A$ (2,273.30 $) |
2,843.45 A$ (1,805.53 $) |
-20.6 % |
| Apartment (3 bedrooms) Outside of Centre |
2,655.08 A$ (1,685.92 $) |
2,129.08 A$ (1,351.92 $) |
-19.8 % |
Buy Apartment Price | Australia Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
965.68 A$ (613.19 $) |
316.38 A$ (200.90 $) |
-67.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
723.66 A$ (459.51 $) |
226.09 A$ (143.56 $) |
-68.8 % |
Salaries And Financing | Australia Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
5,536.75 A$ (3,515.73 $) |
1,301.27 A$ (826.28 $) |
-76.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.36 | 6.30 | -1.0 % |
| Last update: | April 2025 | March 2025 | |
| Contributors in the past 12 months: | 1542 | 90 |
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