Cost of Living Comparison Between Singapore and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 46.0% lower than in Singapore (without rent) | |
| Cost of Living Including Rent in Panama is 54.6% lower than in Singapore | |
| Rent Prices in Panama are 67.3% lower than in Singapore | |
| Restaurant Prices in Panama are 24.8% lower than in Singapore | |
| Groceries Prices in Panama are 32.9% lower than in Singapore | |
| Local Purchasing Power in Panama is 52.1% lower than in Singapore | |
Restaurants | Singapore Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
14.00 S$ (10.45 $) |
13.40 S$ (10.00 $) |
-4.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 S$ (74.62 $) |
67.00 S$ (50.00 $) |
-33.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.00 S$ (7.46 $) |
10.04 S$ (7.49 $) |
+0.4 % |
| Domestic Beer (1 pint draught) |
10.00 S$ (7.46 $) |
2.68 S$ (2.00 $) |
-73.2 % |
| Imported Beer (12 oz small bottle) |
11.00 S$ (8.21 $) |
4.69 S$ (3.50 $) |
-57.4 % |
| Cappuccino (regular) |
6.20 S$ (4.62 $) |
4.65 S$ (3.47 $) |
-24.9 % |
| Coke/Pepsi (12 oz small bottle) |
2.21 S$ (1.65 $) |
1.98 S$ (1.48 $) |
-10.5 % |
| Water (12 oz small bottle) |
1.60 S$ (1.19 $) |
1.66 S$ (1.24 $) |
+3.9 % |
Markets | Singapore Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
14.14 S$ (10.56 $) |
9.20 S$ (6.86 $) |
-35.0 % |
| Loaf of Fresh White Bread (1 lb) |
2.66 S$ (1.98 $) |
2.95 S$ (2.20 $) |
+10.9 % |
| Rice (white), (1 lb) |
1.67 S$ (1.24 $) |
1.45 S$ (1.08 $) |
-13.2 % |
| Eggs (regular) (12) |
4.32 S$ (3.22 $) |
3.59 S$ (2.68 $) |
-16.8 % |
| Local Cheese (1 lb) |
10.49 S$ (7.83 $) |
7.11 S$ (5.31 $) |
-32.2 % |
| Chicken Fillets (1 lb) |
6.42 S$ (4.79 $) |
4.36 S$ (3.26 $) |
-32.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
12.60 S$ (9.40 $) |
5.52 S$ (4.12 $) |
-56.2 % |
| Apples (1 lb) |
2.60 S$ (1.94 $) |
2.36 S$ (1.76 $) |
-9.2 % |
| Banana (1 lb) |
1.79 S$ (1.34 $) |
0.82 S$ (0.62 $) |
-53.9 % |
| Oranges (1 lb) |
2.54 S$ (1.90 $) |
1.67 S$ (1.24 $) |
-34.5 % |
| Tomato (1 lb) |
1.66 S$ (1.24 $) |
1.79 S$ (1.33 $) |
+7.6 % |
| Potato (1 lb) |
1.38 S$ (1.03 $) |
1.27 S$ (0.95 $) |
-8.0 % |
| Onion (1 lb) |
1.26 S$ (0.94 $) |
1.46 S$ (1.09 $) |
+15.8 % |
| Lettuce (1 head) |
2.38 S$ (1.77 $) |
2.78 S$ (2.07 $) |
+16.9 % |
| Water (1.5 liter bottle) |
1.93 S$ (1.44 $) |
2.15 S$ (1.60 $) |
+11.5 % |
| Bottle of Wine (Mid-Range) |
30.00 S$ (22.39 $) |
13.40 S$ (10.00 $) |
-55.3 % |
| Domestic Beer (0.5 liter bottle) |
5.41 S$ (4.04 $) |
1.61 S$ (1.20 $) |
-70.2 % |
| Imported Beer (12 oz small bottle) |
6.94 S$ (5.18 $) |
3.00 S$ (2.24 $) |
-56.8 % |
| Cigarettes 20 Pack (Marlboro) |
16.65 S$ (12.43 $) |
7.84 S$ (5.85 $) |
-52.9 % |
Transportation | Singapore Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
2.00 S$ (1.49 $) |
0.80 S$ (0.60 $) |
-59.8 % |
| Monthly Pass (Regular Price) |
120.00 S$ (89.55 $) |
33.50 S$ (25.00 $) |
-72.1 % |
| Taxi Start (Normal Tariff) |
4.60 S$ (3.43 $) |
3.02 S$ (2.25 $) |
-34.5 % |
| Taxi 1 mile (Normal Tariff) |
1.61 S$ (1.20 $) |
4.31 S$ (3.22 $) |
+168.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.90 S$ (15.60 $) |
28.14 S$ (21.00 $) |
+34.6 % |
| Gasoline (1 gallon) |
10.86 S$ (8.10 $) |
4.71 S$ (3.51 $) |
-56.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
180,000.00 S$ (134,324.95 $) |
26,800.68 S$ (20,000.00 $) |
-85.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
159,638.80 S$ (119,130.41 $) |
28,763.27 S$ (21,464.58 $) |
-82.0 % |
Utilities (Monthly) | Singapore Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
210.90 S$ (157.38 $) |
146.07 S$ (109.00 $) |
-30.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
23.16 S$ (17.28 $) |
39.49 S$ (29.47 $) |
+70.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
46.11 S$ (34.41 $) |
65.46 S$ (48.85 $) |
+42.0 % |
Sports And Leisure | Singapore Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
144.24 S$ (107.64 $) |
70.22 S$ (52.40 $) |
-51.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
15.76 S$ (11.76 $) |
50.25 S$ (37.50 $) |
+218.9 % |
| Cinema, International Release, 1 Seat |
15.00 S$ (11.19 $) |
9.38 S$ (7.00 $) |
-37.5 % |
Childcare | Singapore Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,513.63 S$ (1,129.54 $) |
598.55 S$ (446.67 $) |
-60.5 % |
| International Primary School, Yearly for 1 Child |
36,844.00 S$ (27,494.82 $) |
13,969.85 S$ (10,425.00 $) |
-62.1 % |
Clothing And Shoes | Singapore Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
99.71 S$ (74.41 $) |
64.68 S$ (48.27 $) |
-35.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.59 S$ (42.23 $) |
55.15 S$ (41.15 $) |
-2.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
134.16 S$ (100.12 $) |
112.12 S$ (83.67 $) |
-16.4 % |
| 1 Pair of Men Leather Business Shoes |
152.33 S$ (113.68 $) |
148.01 S$ (110.45 $) |
-2.8 % |
Rent Per Month | Singapore Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
3,976.19 S$ (2,967.23 $) |
1,236.58 S$ (922.79 $) |
-68.9 % |
| Apartment (1 bedroom) Outside of Centre |
2,818.60 S$ (2,103.38 $) |
956.97 S$ (714.14 $) |
-66.0 % |
| Apartment (3 bedrooms) in City Centre |
7,784.62 S$ (5,809.27 $) |
2,350.07 S$ (1,753.74 $) |
-69.8 % |
| Apartment (3 bedrooms) Outside of Centre |
4,853.06 S$ (3,621.60 $) |
1,809.05 S$ (1,350.00 $) |
-62.7 % |
Buy Apartment Price | Singapore Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
2,750.03 S$ (2,052.21 $) |
276.42 S$ (206.28 $) |
-89.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,797.98 S$ (1,341.74 $) |
192.38 S$ (143.56 $) |
-89.3 % |
Salaries And Financing | Singapore Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
5,097.05 S$ (3,803.67 $) |
1,107.25 S$ (826.28 $) |
-78.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.24 | 6.30 | +94.3 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 385 | 90 |
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