Australia vs Panama - Cost of Living Comparison

Updated:

Livingcost

Australia Panama
🚶 Cost of living one person
$2363
$1260
👨‍👩‍👧‍👦 Cost of living Family
$5533
$3090
🏠 One person rent
$1378
$654
🏘️ Family rent
$2308
$1202
🍽️ Food expenses
$563
$442
🚐 Transport expenses
$274
$67.1
💳 Monthly salary after tax
$4107
$856
💸 GDP per capita
$64712
$18662
😃 Human freedom index
8.52
7.57
❤️ Life expectancy
83.2
76.8
👮 Corruption perceptions index
75
35
🌐 English speaking %
92.8%
14%
🎓 Higher education
98
46
😀 Quality of life
95
55
🏙️ Population
26.5M
4.1M

The average cost of living in Australia ($2363) is 88% more expensive than in Panama ($1260). Australia ranked 12th vs 47th for Panama in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.7 months in Australia compared to 0.7 months in Panama. Ranked 4th and 71st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Australia vs Panama infographic

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Prices in Australia vs Panama

We calculate prices for Australia and Panama as a population-weighted mean of 64 and 10 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Australia Panama
Eating Out
🍱 Lunch Menu
$15.2
$11.3
🥂 Dinner in a Restaurant, for 2
$74.2
$54.2
🥪 Fast food meal, equiv. McDonald's
$10.3
$7.61
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.74
$2.82
 Cappuccino
$3.63
$3.96
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.72
$1.88
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1488
$699
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1139
$483
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2800
$1448
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1894
$928
🔌 Utility Bill one person, electricity, heating, water, etc.
$116
$80
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$179
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$53.9
$47.6
🏦 Mortgage Interest Rate for 20 Years
6.35%
6.19%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$9162
$2352
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6144
$1504
Transportation
🚌 Local transport ticket
$3.26
$0.4
🎟️ Monthly ticket local transport
$117
$30.2
🚕 Taxi Ride, 8 km or 5 mi
$22.1
$14.8
 Gas / Petrol, 1 L or 0.26 gal
$1.35
$1.05
Groceries
🥛 Milk, 1 L or 1 qt
$1.55
$1.77
🍞 Bread, 0.5 kg or 1.1 lb
$2.53
$2.23
🍚 Rice, 1 kg or 2.2 lb
$2.23
$2.26
🥚 Eggs, x12
$4.45
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$10.6
$12.5
🐔 Chicken Breast, 1 kg or 2.2 lb
$9.08
$7.36
🥩 Round Steak, 1 kg or 2.2 lb
$14.6
$9.88
🍏 Apples, 1 kg or 2.2 lb
$3.36
$3.32
🍌 Banana, 1 kg or 2.2 lb
$2.86
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$3.02
$3.08
🍅 Tomato, 1 kg or 2.2 lb
$4.33
$2.92
🥔 Potato, 1 kg or 2.2 lb
$2.46
$2.23
🧅 Onion, 1 kg or 2.2 lb
$2.19
$2.51
🌊 Water, 1 L or 1 qt
$1.05
$1.01
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.61
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$13.7
$8.84
🍺 Beer, 0.5 L or 16 fl oz
$4.95
$1.11
🚬 Cigarette pack
$27.5
$5.89
💊 Cold medicince, 1 week
$6.96
$12.1
🧴 Hair Shampoo
$5.87
$6.01
🧻 Toilet paper, 4 rolls
$3.05
$2.89
👄 Toothpaste, 1 tube
$3.25
$2.65
Other
🏋️ Gym Membership, 1 month
$51
$38.9
🎫 Cinema Ticket, 1 person
$15.1
$6.51
👩‍⚕️ Doctor's visit
$58.9
$45.6
💇 Haircut, simple
$20.3
$11.5
👖 Brand Jeans
$79
$53.1
👟 Brand Sneakers
$113
$86.4
👶 Daycare or Preschool, 1 month
$1814
$438
🏫 International Primary School, 1 year
$16573
$9292

Cost of living in other countries

Cost of living

Cities Comparison in Australia vs Panama

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Cost of Living in Popular cities

In Australia

City Cost of living Population
Melbourne
$2397
5.03M
Sydney
$2801
4.84M
Brisbane
$2491
2.36M
Perth
$2345
2.14M
Adelaide
$2246
1.3M
Gold Coast
$2300
608K
Canberra
$2393
381K
Wollongong
$1532
262K
Sunshine Coast
$1733
284K
Ipswich
$1877
233K
Hobart
$2265
197K
Townsville
$1303
174K
Geelong
$1892
180K
Newcastle
$1833
153K
Darwin
$1756
140K
Cairns
$1442
147K
Ballarat
$1357
116K
Bunbury
$2136
75.2K
Toowoomba
$1635
108K
Bendigo
$1397
103K
Melton
$1795
76.3K
Launceston
$1798
80.9K
Coffs Harbour
$1913
74.2K
Rockhampton
$1514
63.2K
Pakenham
$1805
54.1K
Tarneit
$1757
56.4K
Berwick
$1800
50.3K
Hervey Bay
$1835
57.7K
Frankston
$1799
37.3K
Kalgoorlie
$1571
30.8K

In Panama

City Cost of living Population
Panama City
$1384
881K
Colon
$1182
242K
Tocumen
$1231
103K
Santiago de Veraguas
$1056
89K
La Chorrera
$953
68.9K
Balboa
$1249
62.9K
David
$833
82.9K
Pacora
$1249
52.5K
Chitre
$1091
46.2K
Penonome
$1098
21.7K