Austria vs Panama - Cost of Living Comparison

Updated:

Livingcost

Austria Panama
🚶 Cost of living one person
$2038
$1324
👨‍👩‍👧‍👦 Cost of living Family
$4908
$3050
🏠 One person rent
$1047
$742
🏘️ Family rent
$1780
$1185
🍽️ Food expenses
$651
$427
🚐 Transport expenses
$156
$59.6
💳 Monthly salary after tax
$3395
$850
💸 GDP per capita
$58269
$19161
😃 Human freedom index
8.54
7.92
❤️ Life expectancy
81.5
79.6
👮 Corruption perceptions index
69
33
🌐 English speaking %
73.1%
14%
🎓 Higher education
93
44
😀 Quality of life
92
60
🏙️ Population
9.18M
4.52M

The average cost of living in Austria ($2038) is 54% more expensive than in Panama ($1324). Austria ranked 20th vs 53rd 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 Austria compared to 0.6 months in Panama. Ranked 14th and 70th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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
$19.7
$9.11
🥂 Dinner in a Restaurant, for 2
$86
$43.4
🥪 Fast food meal, equiv. McDonald's
$13
$7.14
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$6.13
$2.84
 Cappuccino
$5.15
$3.73
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$4.03
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1013
$787
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$767
$563
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2065
$1416
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1461
$956
🔌 Utility Bill one person, electricity, heating, water, etc.
$196
$88.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$299
$136
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$36.7
$46.3
🏦 Mortgage Interest Rate for 20 Years
3.31%
6.36%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$10258
$2983
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$5757
$1713
Transportation
🚌 Local transport ticket
$3.3
$0.43
🎟️ Monthly ticket local transport
$63.3
$29.7
🚕 Taxi Ride, 8 km or 5 mi
$23.2
$18.7
 Gas / Petrol, 1 L or 0.26 gal
$1.84
$1
Groceries
🥛 Milk, 1 L or 1 qt
$1.76
$1.82
🍞 Bread, 0.5 kg or 1.1 lb
$2.89
$2.35
🍚 Rice, 1 kg or 2.2 lb
$2.81
$2.53
🥚 Eggs, x12
$4.95
$3.07
🧀 Cheese, 1 kg or 2.2 lb
$19.9
$10.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$14.4
$6.37
🥩 Round Steak, 1 kg or 2.2 lb
$23.9
$9.68
🍏 Apples, 1 kg or 2.2 lb
$3.24
$3.5
🍌 Banana, 1 kg or 2.2 lb
$2.46
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$3.42
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$4.28
$2.97
🥔 Potato, 1 kg or 2.2 lb
$2.36
$2.47
🧅 Onion, 1 kg or 2.2 lb
$2.18
$3.68
🌊 Water, 1 L or 1 qt
$0.65
$1.15
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.91
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$8.61
$10.3
🍺 Beer, 0.5 L or 16 fl oz
$1.5
$1.37
🚬 Cigarette pack
$7.62
$6.01
💊 Cold medicince, 1 week
$17.6
$11.4
🧴 Hair Shampoo
$4.29
$6.18
🧻 Toilet paper, 4 rolls
$1.96
$2.7
👄 Toothpaste, 1 tube
$2.86
$2.45
Other
🏋️ Gym Membership, 1 month
$46.5
$35.9
🎫 Cinema Ticket, 1 person
$14.2
$7.16
👩‍⚕️ Doctor's visit
$136
$42.4
💇 Haircut, simple
$21.1
$11.2
👖 Brand Jeans
$98.2
$50.2
👟 Brand Sneakers
$96.8
$85.8
👶 Daycare or Preschool, 1 month
$479
$501
🏫 International Primary School, 1 year
$21918
$12647

Cost of living in other countries

Cost of living

Cities Comparison in Austria vs Panama

More countries to compare

Cost of Living in Popular cities

In Austria

City Cost of living Population
Vienna
$2213
2.03M
Graz
$1708
293K
Linz
$1869
212K
Salzburg
$2009
155K
Innsbruck
$1904
131K
Klagenfurt
$1771
101K
Wels
$1573
65.3K
Villach
$1677
65.1K
Sankt Polten
$1821
55.5K
Dornbirn
$2075
48.1K
Wiener Neustadt
$1922
44.5K
Feldkirch
$2153
33.4K
Steyr
$1683
38K
Baden bei Wien
$1829
26.3K
Leonding
$1818
28.7K
Amstetten
$1527
23.6K
Bregenz
$1889
29.6K
Leoben
$1391
24.6K
Wolfsberg
$1434
25K
Traun
$1787
24.5K
Lustenau
$1975
23.6K
Modling
$1898
20.6K
Kapfenberg
$1566
22.8K
Krems an der Donau
$1804
25.3K
Hallein
$1944
21.2K
Klosterneuburg
$1885
27.1K

In Panama

City Cost of living Population
Panama City
$1583
410K
Colon
$1179
242K
Tocumen
$1403
103K
Santiago de Veraguas
$1122
110K
La Chorrera
$977
68.9K
David
$922
82.9K
Pacora
$1395
52.5K
Penonome
$1153
21.7K
Balboa
$1425
10K
Chitre
$1154
9.02K