Austria vs Panama - Cost of Living Comparison

Updated:

Livingcost

Austria Panama
🚶 Cost of living one person
$1973
$1307
👨‍👩‍👧‍👦 Cost of living Family
$4769
$3027
🏠 One person rent
$1011
$716
🏘️ Family rent
$1742
$1116
🍽️ Food expenses
$637
$426
🚐 Transport expenses
$141
$65.8
💳 Monthly salary after tax
$3212
$875
💸 GDP per capita
$56833
$19103
😃 Human freedom index
8.48
8
❤️ Life expectancy
81.5
79.6
👮 Corruption perceptions index
67
33
🌐 English speaking %
73.1%
14%
🎓 Higher education
93
47
😀 Quality of life
89
60
🏙️ Population
9.18M
4.52M

The average cost of living in Austria ($1973) is 51% more expensive than in Panama ($1307). Austria ranked 19th 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 1.6 months in Austria compared to 0.7 months in Panama. Ranked 17th and 68th 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
$17.6
$9.09
🥂 Dinner in a Restaurant, for 2
$84.4
$43.6
🥪 Fast food meal, equiv. McDonald's
$11.8
$7.82
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$5.73
$2.81
 Cappuccino
$4.85
$3.77
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.85
$1.65
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$991
$753
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$746
$537
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2031
$1277
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1469
$854
🔌 Utility Bill one person, electricity, heating, water, etc.
$177
$89.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$271
$138
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$38.6
$46.1
🏦 Mortgage Interest Rate for 20 Years
3.63%
6.42%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8831
$2616
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$5831
$1606
Transportation
🚌 Local transport ticket
$2.89
$0.43
🎟️ Monthly ticket local transport
$55.5
$30.4
🚕 Taxi Ride, 8 km or 5 mi
$21.5
$22.1
 Gas / Petrol, 1 L or 0.26 gal
$1.78
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$1.73
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$2.89
$2.36
🍚 Rice, 1 kg or 2.2 lb
$2.88
$2.31
🥚 Eggs, x12
$4.78
$2.97
🧀 Cheese, 1 kg or 2.2 lb
$19.8
$11.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$15.4
$7.08
🥩 Round Steak, 1 kg or 2.2 lb
$23.5
$9.26
🍏 Apples, 1 kg or 2.2 lb
$3.25
$3.55
🍌 Banana, 1 kg or 2.2 lb
$2.49
$1.51
🍊 Oranges, 1 kg or 2.2 lb
$3.48
$3.25
🍅 Tomato, 1 kg or 2.2 lb
$4.44
$2.99
🥔 Potato, 1 kg or 2.2 lb
$2.31
$2.36
🧅 Onion, 1 kg or 2.2 lb
$2.14
$3.2
🌊 Water, 1 L or 1 qt
$0.62
$1.11
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.75
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$7.93
$10.1
🍺 Beer, 0.5 L or 16 fl oz
$1.48
$1.31
🚬 Cigarette pack
$7.44
$5.92
💊 Cold medicince, 1 week
$17.3
$11.4
🧴 Hair Shampoo
$4.18
$6.16
🧻 Toilet paper, 4 rolls
$1.92
$2.71
👄 Toothpaste, 1 tube
$2.79
$2.46
Other
🏋️ Gym Membership, 1 month
$48.3
$35.7
🎫 Cinema Ticket, 1 person
$14
$7.18
👩‍⚕️ Doctor's visit
$133
$49.6
💇 Haircut, simple
$21
$11.4
👖 Brand Jeans
$97.6
$50.6
👟 Brand Sneakers
$100
$85.8
👶 Daycare or Preschool, 1 month
$491
$476
🏫 International Primary School, 1 year
$19045
$14818

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
$2132
1.97M
Graz
$1685
293K
Linz
$1760
212K
Salzburg
$1904
155K
Innsbruck
$1917
131K
Klagenfurt
$1683
101K
Wels
$1553
65.3K
Sankt Polten
$1774
55.5K
Villach
$1756
65.1K
Dornbirn
$2029
48.1K
Wiener Neustadt
$2019
44.5K
Feldkirch
$2108
33.4K
Steyr
$1651
38K
Amstetten
$1468
23.6K
Leonding
$1707
28.7K
Baden bei Wien
$1917
26.3K
Bregenz
$1830
29.6K
Leoben
$1378
24.6K
Krems an der Donau
$1759
25.3K
Wolfsberg
$1416
25K
Lustenau
$1944
23.6K
Traun
$1660
24.5K
Kapfenberg
$1574
22.8K
Modling
$1976
20.6K
Hallein
$1880
21.2K
Klosterneuburg
$1859
27.1K

In Panama

City Cost of living Population
Panama City
$1560
410K
Colon
$1188
242K
Tocumen
$1377
103K
Santiago de Veraguas
$1122
110K
La Chorrera
$981
68.9K
Chitre
$1150
60.5K
David
$925
82.9K
Pacora
$1371
52.5K
Penonome
$1150
21.7K
Balboa
$1400
10K