Australia vs Panama - Cost of Living Comparison

AustraliaPanama
🚶 Cost of living One person
$1944
$1092
👨‍👩‍👧‍👦 Cost of living Family
$4489
$2535
🏠 One person rent
$1109
$577
🏘️ Family rent
$1776
$921
🍽️ Food Expenses
$491
$364
🚐 Transport Expenses
$213
$65
💳 Monthly salary after tax
$3736
$751
💸 GDP per capita
$51812
$12269
😃 Human freedom index
8.7
7.62
❤️ Life expectancy
82.9
78.5
👮 Corruption perceptions index
77
35
🏙️ Population
24.5M
4.1M

The average cost of living in Australia ($1944) is 78% more expensive than in Panama ($1092). Australia ranked 11th vs 56th 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 1.9 months in Australia compared to 0.7 months in Panama. Ranked 9th and 54th best countries to live in the world.

Cost of living in Australia vs Panama infographic

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Prices in Australia vs Panama

AustraliaPanama
Eating Out
🍱 Lunch Menu
$12.5
$7.5
🥂 Dinner in a Restaurant, for 2
$56.6
$32.7
🥪 Fast food meal, equiv. McDonald's
$9.12
$6.8
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$6.21
$2.56
☕ Cappuccino
$3.3
$3.51
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.41
$1.33
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1186
$679
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$896
$412
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2119
$1121
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1427
$684
🔌 Utility Bill one person, electricity, heating, water, etc.
$104
$70.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$159
$108
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$50.9
$41.7
🏦 Mortgage Interest Rate for 20 Years
3.32%
6.18%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6684
$1937
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4707
$1339
Transportation
🚌 Local transport ticket
$3.08
$0.39
🎟️ Monthly ticket local transport
$97.2
$32
🚕 Taxi Ride, 8 km or 5 mi
$16.6
$13.8
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.04
$0.8
Groceries
🥛 Milk, 1 L or 1 qt
$1.15
$1.51
🍞 Bread, 0.5 kg or 1.1 lb
$1.94
$1.81
🍚 Rice, 1 kg or 2.2 lb
$1.89
$1.87
🥚 Eggs, x12
$3.69
$2.19
🧀 Cheese, 1 kg or 2.2 lb
$9.15
$9.82
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.42
$6.19
🥩 Round Steak, 1 kg or 2.2 lb
$13.7
$9.76
🍏 Apples, 1 kg or 2.2 lb
$3.37
$2.85
🍌 Banana, 1 kg or 2.2 lb
$2.56
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$2.68
$2.44
🍅 Tomato, 1 kg or 2.2 lb
$3.66
$2.71
🥔 Potato, 1 kg or 2.2 lb
$2.43
$2
🧅 Onion, 1 kg or 2.2 lb
$1.91
$2.08
🌊 Water, 1 L or 1 qt
$1.12
$0.93
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.19
$2.19
🍾 Wine (mid-priced), 750 mL bottle
$12.5
$9.01
🍺 Beer, 0.5 L or 16 fl oz
$3.95
$1.01
🚬 Cigarette pack
$24.9
$5.33
💊 Cold medicince, 1 week
$7.46
$11.8
🧴 Hair Shampoo
$4.2
$5.64
🧻 Toilet paper, 4 rolls
$2.53
$2.59
👄 Toothpaste, 1 tube
$2.77
$2.17
Other
🏋️ Gym Membership, 1 month
$47.3
$37.8
🎫 Cinema Ticket, 1 person
$13.5
$5.89
👩‍⚕️ Doctor's visit
$52.8
$45.9
💇 Haircut, simple
$16.4
$9.66
👖 Brand Jeans
$74.4
$44.5
👟 Brand Sneakers
$102
$67.3
👶 Daycare or Preschool, 1 month
$1498
$299
🏫 International Primary School, 1 year
$12538
$10497

Cities Comparison in Australia vs Panama

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Cost of Living in Popular cities

In Australia

CityCost of livingPopulation
Sydney
$2352
4.84M
Melbourne
$1953
4.53M
Brisbane
$1968
2.36M
Perth
$1789
2.04M
Adelaide
$1624
1.3M
Gold Coast
$1848
638K
Canberra
$1929
381K
Sunshine Coast
$1743
297K
Wollongong
$1626
262K
Hobart
$1786
222K
Newcastle
$1701
153K
Geelong
$1679
191K
Darwin
$1735
137K
Rockhampton
$1261
78.6K
Townsville
$1281
179K
Toowoomba
$1312
136K
Cairns
$1570
147K
Ipswich
$1818
163K
Ballarat
$1704
98.5K
Launceston
$1358
106K
Bendigo
$1479
95.6K
Wagga Wagga
$1551
67.4K
Melton
$1633
72.2K
Bunbury
$1390
71.1K
Hervey Bay
$1702
54.7K
Kellyville
$2044
28K
Berwick
$1634
47.7K
South Yarra
$2332
25.1K
Kalgoorlie
$1606
30.8K
Pakenham
$1628
46.4K

In Panama

CityCost of livingPopulation
Panama City
$1220
881K
Colon
$1181
242K
David
$762
145K
Tocumen
$899
103K
La Chorrera
$817
68.9K
Balboa
$921
62.9K
Santiago de Veraguas
$919
50.9K
Chitre
$916
46.2K
Pacora
$780
52.5K
Penonome
$920
21.7K