Belgium vs Panama - Cost of Living Comparison

Updated:

Livingcost

Belgium Panama
🚶 Cost of living one person
$1790
$1324
👨‍👩‍👧‍👦 Cost of living Family
$4202
$3050
🏠 One person rent
$946
$742
🏘️ Family rent
$1521
$1185
🍽️ Food expenses
$615
$427
🚐 Transport expenses
$89.5
$59.6
💳 Monthly salary after tax
$2938
$850
💸 GDP per capita
$56615
$19161
😃 Human freedom index
8.53
7.92
❤️ Life expectancy
82.4
79.6
👮 Corruption perceptions index
69
33
🌐 English speaking %
59%
14%
🎓 Higher education
97
44
😀 Quality of life
90
60
🏙️ Population
11.9M
4.52M

The average cost of living in Belgium ($1790) is 35% more expensive than in Panama ($1324). Belgium ranked 25th 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 Belgium compared to 0.6 months in Panama. Ranked 17th 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 Belgium vs Panama

We calculate prices for Belgium and Panama as a population-weighted mean of 91 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.

Belgium Panama
Eating Out
🍱 Lunch Menu
$21.3
$9.11
🥂 Dinner in a Restaurant, for 2
$96.9
$43.4
🥪 Fast food meal, equiv. McDonald's
$13.6
$7.14
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$5.46
$2.84
 Cappuccino
$4.23
$3.73
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.36
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$849
$787
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$739
$563
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1482
$1416
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1236
$956
🔌 Utility Bill one person, electricity, heating, water, etc.
$132
$88.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$203
$136
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$53.1
$46.3
🏦 Mortgage Interest Rate for 20 Years
3.38%
6.36%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$4256
$2983
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3167
$1713
Transportation
🚌 Local transport ticket
$3.22
$0.43
🎟️ Monthly ticket local transport
$56.1
$29.7
🚕 Taxi Ride, 8 km or 5 mi
$28
$18.7
 Gas / Petrol, 1 L or 0.26 gal
$1.93
$1
Groceries
🥛 Milk, 1 L or 1 qt
$1.29
$1.82
🍞 Bread, 0.5 kg or 1.1 lb
$2.63
$2.35
🍚 Rice, 1 kg or 2.2 lb
$2.36
$2.53
🥚 Eggs, x12
$4.06
$3.07
🧀 Cheese, 1 kg or 2.2 lb
$15.1
$10.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$12.6
$6.37
🥩 Round Steak, 1 kg or 2.2 lb
$19.7
$9.68
🍏 Apples, 1 kg or 2.2 lb
$2.78
$3.5
🍌 Banana, 1 kg or 2.2 lb
$2.35
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$2.59
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$3.04
$2.97
🥔 Potato, 1 kg or 2.2 lb
$2.31
$2.47
🧅 Onion, 1 kg or 2.2 lb
$2.01
$3.68
🌊 Water, 1 L or 1 qt
$0.68
$1.15
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.01
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$8.54
$10.3
🍺 Beer, 0.5 L or 16 fl oz
$2.02
$1.37
🚬 Cigarette pack
$12.6
$6.01
💊 Cold medicince, 1 week
$11.5
$11.4
🧴 Hair Shampoo
$4.47
$6.18
🧻 Toilet paper, 4 rolls
$2.34
$2.7
👄 Toothpaste, 1 tube
$3
$2.45
Other
🏋️ Gym Membership, 1 month
$41.4
$35.9
🎫 Cinema Ticket, 1 person
$15.2
$7.16
👩‍⚕️ Doctor's visit
$33
$42.4
💇 Haircut, simple
$21.2
$11.2
👖 Brand Jeans
$105
$50.2
👟 Brand Sneakers
$106
$85.8
👶 Daycare or Preschool, 1 month
$770
$501
🏫 International Primary School, 1 year
$18948
$12647

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Belgium

City Cost of living Population
Antwerp
$1857
529K
Ghent
$1846
273K
Brussels
$2065
196K
Liege
$1647
195K
Charleroi
$1784
204K
Schaerbeek
$1920
133K
Anderlecht
$1939
121K
Leuven
$1920
101K
Bruges
$1957
119K
Hasselt
$1780
90.2K
Mons
$1602
95.3K
Namur
$1610
115K
Aalst
$1890
88.9K
Ostend
$1587
71.6K
Kortrijk
$1549
77.7K
La Louviere
$1765
81K
Tournai
$1704
69.6K
Mechelen
$1877
86.9K
Mouscron
$1539
58.2K
Roeselare
$1555
64.5K
Sint-Niklaas
$1727
80.2K
Woluwe-Saint-Lambert
$1853
57.7K
Seraing
$1643
64.3K
Forest
$1993
56.6K
Vilvoorde
$1866
44K
Dendermonde
$1706
45.7K
Genk
$1680
66.1K
Saint-Gilles
$1932
49.7K
Verviers
$1358
55.2K
Deinze
$1734
44.3K

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