Cost of Living Comparison Between Panama and Singapore 
| Indices Difference |  |
|---|---|
| Cost of Living in Singapore is 84.8% higher than in Panama (without rent) | |
| Cost of Living Including Rent in Singapore is 120.2% higher than in Panama | |
| Rent Prices in Singapore are 205.4% higher than in Panama | |
| Restaurant Prices in Singapore are 32.7% higher than in Panama | |
| Groceries Prices in Singapore are 49.0% higher than in Panama | |
| Local Purchasing Power in Singapore is 110.3% higher than in Panama | |
Restaurants | Panama Edit |
Singapore Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (13.42 S$) |
10.43 $ (14.00 S$) |
+4.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
50.00 $ (67.11 S$) |
74.51 $ (100.00 S$) |
+49.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.49 $ (10.05 S$) |
7.45 $ (10.00 S$) |
-0.5 % |
| Domestic Beer (1 pint draught) |
2.00 $ (2.68 S$) |
7.45 $ (10.00 S$) |
+272.5 % |
| Imported Beer (12 oz small bottle) |
3.50 $ (4.70 S$) |
8.20 $ (11.00 S$) |
+134.2 % |
| Cappuccino (regular) |
3.47 $ (4.66 S$) |
4.62 $ (6.20 S$) |
+32.9 % |
| Coke/Pepsi (12 oz small bottle) |
1.48 $ (1.98 S$) |
1.65 $ (2.21 S$) |
+11.6 % |
| Water (12 oz small bottle) |
1.24 $ (1.66 S$) |
1.19 $ (1.60 S$) |
-3.9 % |
Markets | Panama Edit |
Singapore Edit | |
| Milk (regular), (1 gallon) |
6.86 $ (9.21 S$) |
10.54 $ (14.14 S$) |
+53.6 % |
| Loaf of Fresh White Bread (1 lb) |
2.20 $ (2.95 S$) |
1.98 $ (2.66 S$) |
-9.9 % |
| Rice (white), (1 lb) |
1.08 $ (1.45 S$) |
1.24 $ (1.67 S$) |
+15.0 % |
| Eggs (regular) (12) |
2.68 $ (3.60 S$) |
3.22 $ (4.32 S$) |
+20.1 % |
| Local Cheese (1 lb) |
5.31 $ (7.13 S$) |
7.81 $ (10.49 S$) |
+47.2 % |
| Chicken Fillets (1 lb) |
3.26 $ (4.37 S$) |
4.79 $ (6.42 S$) |
+46.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.12 $ (5.52 S$) |
9.39 $ (12.60 S$) |
+128.1 % |
| Apples (1 lb) |
1.76 $ (2.36 S$) |
1.93 $ (2.59 S$) |
+9.5 % |
| Banana (1 lb) |
0.62 $ (0.83 S$) |
1.33 $ (1.79 S$) |
+116.7 % |
| Oranges (1 lb) |
1.24 $ (1.67 S$) |
1.90 $ (2.54 S$) |
+52.4 % |
| Tomato (1 lb) |
1.33 $ (1.79 S$) |
1.25 $ (1.68 S$) |
-6.2 % |
| Potato (1 lb) |
0.95 $ (1.28 S$) |
1.04 $ (1.40 S$) |
+9.8 % |
| Onion (1 lb) |
1.09 $ (1.47 S$) |
0.98 $ (1.31 S$) |
-10.6 % |
| Lettuce (1 head) |
2.07 $ (2.78 S$) |
1.77 $ (2.38 S$) |
-14.6 % |
| Water (1.5 liter bottle) |
1.60 $ (2.15 S$) |
1.44 $ (1.93 S$) |
-10.4 % |
| Bottle of Wine (Mid-Range) |
10.00 $ (13.42 S$) |
22.35 $ (30.00 S$) |
+123.5 % |
| Domestic Beer (0.5 liter bottle) |
1.20 $ (1.61 S$) |
4.03 $ (5.41 S$) |
+235.3 % |
| Imported Beer (12 oz small bottle) |
2.24 $ (3.01 S$) |
5.17 $ (6.94 S$) |
+131.0 % |
| Cigarettes 20 Pack (Marlboro) |
5.85 $ (7.85 S$) |
12.41 $ (16.65 S$) |
+112.1 % |
Transportation | Panama Edit |
Singapore Edit | |
| One-way Ticket (Local Transport) |
0.60 $ (0.81 S$) |
1.49 $ (2.00 S$) |
+148.4 % |
| Monthly Pass (Regular Price) |
25.00 $ (33.55 S$) |
89.41 $ (120.00 S$) |
+257.6 % |
| Taxi Start (Normal Tariff) |
2.25 $ (3.02 S$) |
3.43 $ (4.60 S$) |
+52.3 % |
| Taxi 1 mile (Normal Tariff) |
3.22 $ (4.32 S$) |
1.20 $ (1.61 S$) |
-62.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (28.19 S$) |
15.57 $ (20.90 S$) |
-25.8 % |
| Gasoline (1 gallon) |
3.51 $ (4.71 S$) |
8.09 $ (10.86 S$) |
+130.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
20,000.00 $ (26,843.70 S$) |
134,109.68 $ (180,000.00 S$) |
+570.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
21,464.58 $ (28,809.44 S$) |
118,939.49 $ (159,638.80 S$) |
+454.1 % |
Utilities (Monthly) | Panama Edit |
Singapore Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
109.00 $ (146.30 S$) |
157.13 $ (210.90 S$) |
+44.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.47 $ (39.55 S$) |
17.25 $ (23.16 S$) |
-41.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.85 $ (65.56 S$) |
34.35 $ (46.11 S$) |
-29.7 % |
Sports And Leisure | Panama Edit |
Singapore Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
52.40 $ (70.34 S$) |
107.46 $ (144.24 S$) |
+105.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
37.50 $ (50.33 S$) |
11.74 $ (15.76 S$) |
-68.7 % |
| Cinema, International Release, 1 Seat |
7.00 $ (9.40 S$) |
11.18 $ (15.00 S$) |
+59.7 % |
Childcare | Panama Edit |
Singapore Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
446.67 $ (599.51 S$) |
1,127.73 $ (1,513.63 S$) |
+152.5 % |
| International Primary School, Yearly for 1 Child |
10,425.00 $ (13,992.28 S$) |
27,450.76 $ (36,844.00 S$) |
+163.3 % |
Clothing And Shoes | Panama Edit |
Singapore Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.27 $ (64.78 S$) |
74.29 $ (99.71 S$) |
+53.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
41.15 $ (55.24 S$) |
42.16 $ (56.59 S$) |
+2.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.67 $ (112.30 S$) |
99.96 $ (134.16 S$) |
+19.5 % |
| 1 Pair of Men Leather Business Shoes |
110.45 $ (148.25 S$) |
113.49 $ (152.33 S$) |
+2.8 % |
Rent Per Month | Panama Edit |
Singapore Edit | |
| Apartment (1 bedroom) in City Centre |
922.79 $ (1,238.56 S$) |
2,962.48 $ (3,976.19 S$) |
+221.0 % |
| Apartment (1 bedroom) Outside of Centre |
714.14 $ (958.51 S$) |
2,100.01 $ (2,818.60 S$) |
+194.1 % |
| Apartment (3 bedrooms) in City Centre |
1,753.74 $ (2,353.85 S$) |
5,799.96 $ (7,784.62 S$) |
+230.7 % |
| Apartment (3 bedrooms) Outside of Centre |
1,350.00 $ (1,811.95 S$) |
3,615.79 $ (4,853.06 S$) |
+167.8 % |
Buy Apartment Price | Panama Edit |
Singapore Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
206.28 $ (276.87 S$) |
2,049.07 $ (2,750.23 S$) |
+893.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
143.56 $ (192.69 S$) |
1,339.59 $ (1,797.98 S$) |
+833.1 % |
Salaries And Financing | Panama Edit |
Singapore Edit | |
| Average Monthly Net Salary (After Tax) |
826.28 $ (1,109.02 S$) |
3,825.38 $ (5,134.37 S$) |
+363.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.30 | 3.24 | -48.5 % |
| Last update: | March 2025 | April 2025 | |
| Contributors in the past 12 months: | 90 | 387 |
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