Cost of Living Comparison Between Belize and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 0.8% higher than in Belize (without rent) | |
| Cost of Living Including Rent in Panama is 18.2% higher than in Belize | |
| Rent Prices in Panama are 102.7% higher than in Belize | |
| Restaurant Prices in Panama are 14.8% higher than in Belize | |
| Groceries Prices in Panama are 1.1% lower than in Belize | |
| Local Purchasing Power in Panama is 34.3% lower than in Belize | |
Restaurants | Belize Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 8.47 $ | 10.00 $ | +18.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 33.50 $ | 50.00 $ | +49.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 7.71 $ | 7.49 $ | -2.9 % |
| Domestic Beer (1 pint draught) | 2.50 $ | 2.00 $ | -20.0 % |
| Imported Beer (12 oz small bottle) | 4.00 $ | 3.50 $ | -12.5 % |
| Cappuccino (regular) | 3.66 $ | 3.47 $ | -5.2 % |
| Coke/Pepsi (12 oz small bottle) | 1.26 $ | 1.48 $ | +17.6 % |
| Water (12 oz small bottle) | 1.15 $ | 1.24 $ | +7.2 % |
Markets | Belize Edit |
Panama Edit | |
| Milk (regular), (1 gallon) | 10.95 $ | 6.86 $ | -37.3 % |
| Loaf of Fresh White Bread (1 lb) | 1.31 $ | 2.20 $ | +68.0 % |
| Rice (white), (1 lb) | 1.15 $ | 1.08 $ | -5.8 % |
| Eggs (regular) (12) | 2.55 $ | 2.68 $ | +5.3 % |
| Local Cheese (1 lb) | 4.57 $ | 5.31 $ | +16.2 % |
| Chicken Fillets (1 lb) | 2.75 $ | 3.26 $ | +18.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 3.19 $ | 4.12 $ | +29.2 % |
| Apples (1 lb) | 2.98 $ | 1.76 $ | -40.9 % |
| Banana (1 lb) | 0.54 $ | 0.62 $ | +14.5 % |
| Oranges (1 lb) | 0.74 $ | 1.24 $ | +69.0 % |
| Tomato (1 lb) | 1.36 $ | 1.33 $ | -2.1 % |
| Potato (1 lb) | 1.34 $ | 0.95 $ | -29.2 % |
| Onion (1 lb) | 1.15 $ | 1.09 $ | -5.4 % |
| Lettuce (1 head) | 2.71 $ | 2.07 $ | -23.6 % |
| Water (1.5 liter bottle) | 1.19 $ | 1.60 $ | +34.4 % |
| Bottle of Wine (Mid-Range) | 16.22 $ | 10.00 $ | -38.3 % |
| Domestic Beer (0.5 liter bottle) | 2.01 $ | 1.20 $ | -40.3 % |
| Imported Beer (12 oz small bottle) | 2.74 $ | 2.24 $ | -18.4 % |
| Cigarettes 20 Pack (Marlboro) | 4.75 $ | 5.85 $ | +23.2 % |
Transportation | Belize Edit |
Panama Edit | |
| One-way Ticket (Local Transport) | 1.75 $ | 0.60 $ | -65.7 % |
| Monthly Pass (Regular Price) | 21.20 $ | 25.00 $ | +17.9 % |
| Taxi Start (Normal Tariff) | 3.48 $ | 2.25 $ | -35.3 % |
| Taxi 1 mile (Normal Tariff) | 6.39 $ | 3.22 $ | -49.7 % |
| Taxi 1hour Waiting (Normal Tariff) | 9.95 $ | 21.00 $ | +111.0 % |
| Gasoline (1 gallon) | 6.98 $ | 3.51 $ | -49.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 10,528.06 $ | 20,000.00 $ | +90.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 21,029.12 $ | 21,464.58 $ | +2.1 % |
Utilities (Monthly) | Belize Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 114.26 $ | 109.00 $ | -4.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 49.69 $ | 29.47 $ | -40.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 61.56 $ | 48.85 $ | -20.7 % |
Sports And Leisure | Belize Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 36.37 $ | 52.40 $ | +44.1 % |
| Tennis Court Rent (1 Hour on Weekend) | 7.00 $ | 37.50 $ | +435.7 % |
| Cinema, International Release, 1 Seat | 11.71 $ | 7.00 $ | -40.2 % |
Childcare | Belize Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 100.00 $ | 446.67 $ | +346.7 % |
| International Primary School, Yearly for 1 Child | 1,000.00 $ | 10,425.00 $ | +942.5 % |
Clothing And Shoes | Belize Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 37.98 $ | 48.27 $ | +27.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 35.56 $ | 41.15 $ | +15.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 85.70 $ | 83.67 $ | -2.4 % |
| 1 Pair of Men Leather Business Shoes | 88.91 $ | 110.45 $ | +24.2 % |
Rent Per Month | Belize Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre | 486.86 $ | 922.79 $ | +89.5 % |
| Apartment (1 bedroom) Outside of Centre | 384.28 $ | 714.14 $ | +85.8 % |
| Apartment (3 bedrooms) in City Centre | 784.01 $ | 1,753.74 $ | +123.7 % |
| Apartment (3 bedrooms) Outside of Centre | 683.21 $ | 1,350.00 $ | +97.6 % |
Buy Apartment Price | Belize Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 134.29 $ | 206.28 $ | +53.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 128.50 $ | 143.56 $ | +11.7 % |
Salaries And Financing | Belize Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) | 1,063.91 $ | 826.28 $ | -22.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 12.50 | 6.30 | -49.6 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 25 | 90 |
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