Austria vs Panama - Cost of Living Comparison

Austria Panama
🚶 Cost of living one person
$1467
$1040
👨‍👩‍👧‍👦 Cost of living Family
$3623
$2489
🏠 One person rent
$755
$530
🏘️ Family rent
$1430
$877
🍽️ Food expenses
$437
$353
🚐 Transport expenses
$122
$68.5
💳 Monthly salary after tax
$2255
$746
💸 GDP per capita
$48589
$12510
😃 Human freedom index
8.67
8.12
❤️ Life expectancy
81.2
78.7
👮 Corruption perceptions index
74
36
🌐 English speaking %
73.1%
14%
🎓 Higher education
93
49
😀 Quality of life
85
58
🏙️ Population
8.98M
4.1M

The average cost of living in Austria ($1467) is 41% more expensive than in Panama ($1040). Austria ranked 25th vs 57th 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 1.5 months in Austria compared to 0.7 months in Panama. Ranked 5th and 63rd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Austria vs Panama infographic

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Prices in Austria vs Panama

We calculate prices for Austria and Panama as a population-weighted mean of 26 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.

Austria Panama
Eating Out
🍱 Lunch Menu
$12.6
$7.93
🥂 Dinner in a Restaurant, for 2
$49.4
$35.9
🥪 Fast food meal, equiv. McDonald's
$8.62
$6.24
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.96
$2.22
 Cappuccino
$3.39
$3.28
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.69
$1.49
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$709
$638
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$552
$375
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1473
$1105
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1112
$650
🔌 Utility Bill one person, electricity, heating, water, etc.
$138
$63.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$213
$97.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$33
$39.1
🏦 Mortgage Interest Rate for 20 Years
2.01%
6.3%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7152
$2002
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4966
$1216
Transportation
🚌 Local transport ticket
$2.45
$0.39
🎟️ Monthly ticket local transport
$46.5
$35
🚕 Taxi Ride, 8 km or 5 mi
$17.6
$13.1
 Gas / Petrol, 1 L or 0.26 gal
$1.75
$1.07
Groceries
🥛 Milk, 1 L or 1 qt
$1.23
$1.59
🍞 Bread, 0.5 kg or 1.1 lb
$1.88
$1.94
🍚 Rice, 1 kg or 2.2 lb
$1.87
$1.93
🥚 Eggs, x12
$3.89
$2.22
🧀 Cheese, 1 kg or 2.2 lb
$12.2
$10.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$11.2
$5.57
🥩 Round Steak, 1 kg or 2.2 lb
$16.3
$8.11
🍏 Apples, 1 kg or 2.2 lb
$2.3
$2.74
🍌 Banana, 1 kg or 2.2 lb
$1.77
$1.27
🍊 Oranges, 1 kg or 2.2 lb
$2.49
$2.46
🍅 Tomato, 1 kg or 2.2 lb
$2.93
$2.85
🥔 Potato, 1 kg or 2.2 lb
$1.7
$2.1
🧅 Onion, 1 kg or 2.2 lb
$1.42
$1.94
🌊 Water, 1 L or 1 qt
$0.41
$0.92
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.07
$2.2
🍾 Wine (mid-priced), 750 mL bottle
$6.62
$9.42
🍺 Beer, 0.5 L or 16 fl oz
$1.09
$1.22
🚬 Cigarette pack
$5.81
$6.01
💊 Cold medicince, 1 week
$11.2
$8.1
🧴 Hair Shampoo
$2.86
$6.91
🧻 Toilet paper, 4 rolls
$1.44
$2.57
👄 Toothpaste, 1 tube
$2.01
$2.37
Other
🏋️ Gym Membership, 1 month
$32.6
$39.1
🎫 Cinema Ticket, 1 person
$11.3
$6.19
👩‍⚕️ Doctor's visit
$103
$44.2
💇 Haircut, simple
$18.3
$12.4
👖 Brand Jeans
$90.6
$43.6
👟 Brand Sneakers
$90.3
$68.5
👶 Daycare or Preschool, 1 month
$323
$321
🏫 International Primary School, 1 year
$9588
$12414

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Cities Comparison in Austria vs Panama

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Cost of Living in Popular cities

In Austria

City Cost of living Population
Vienna
$1582
1.91M
Graz
$1217
289K
Linz
$1387
205K
Salzburg
$1359
155K
Innsbruck
$1395
132K
Klagenfurt
$1369
101K
Sankt Polten
$1321
55.5K
Dornbirn
$1435
48.1K
Wels
$1182
61.2K
Villach
$1438
61.9K
Wiener Neustadt
$1301
44.5K
Feldkirch
$1261
33.4K
Baden bei Wien
$1594
26.3K
Bregenz
$1446
29.8K
Steyr
$1345
38.3K
Modling
$1280
20.6K
Leoben
$1115
24.6K
Leonding
$1292
28.7K
Klosterneuburg
$1345
27.1K
Wolfsberg
$1336
25K
Krems an der Donau
$1319
24.6K
Traun
$1270
24.5K
Amstetten
$1269
23.7K
Lustenau
$1327
22.8K
Kapfenberg
$1288
22.8K
Hallein
$1217
21.2K

In Panama

City Cost of living Population
Panama City
$1211
881K
Colon
$889
242K
Tocumen
$845
103K
Santiago de Veraguas
$853
89K
David
$769
82.9K
La Chorrera
$841
68.9K
Balboa
$851
62.9K
Chitre
$847
46.2K
Pacora
$760
52.5K
Penonome
$784
21.7K