Belgium vs Panama - Cost of Living Comparison

Updated:

Livingcost

Belgium Panama
🚶 Cost of living one person
$1618
$1260
👨‍👩‍👧‍👦 Cost of living Family
$3781
$3090
🏠 One person rent
$857
$654
🏘️ Family rent
$1369
$1202
🍽️ Food expenses
$548
$442
🚐 Transport expenses
$84.7
$67.1
💳 Monthly salary after tax
$2756
$856
💸 GDP per capita
$53475
$18662
😃 Human freedom index
8.33
7.57
❤️ Life expectancy
81.7
76.8
👮 Corruption perceptions index
73
35
🌐 English speaking %
59%
14%
🎓 Higher education
97
46
😀 Quality of life
88
55
🏙️ Population
11.6M
4.1M

The average cost of living in Belgium ($1618) is 28% more expensive than in Panama ($1260). Belgium ranked 25th vs 47th 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 Belgium compared to 0.7 months in Panama. Ranked 18th and 71st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Belgium vs Panama infographic

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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
$19.1
$11.3
🥂 Dinner in a Restaurant, for 2
$83.1
$54.2
🥪 Fast food meal, equiv. McDonald's
$11.1
$7.61
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$4.59
$2.82
 Cappuccino
$3.68
$3.96
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3
$1.88
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$773
$699
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$644
$483
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1307
$1448
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1060
$928
🔌 Utility Bill one person, electricity, heating, water, etc.
$134
$80
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$207
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$52.9
$47.6
🏦 Mortgage Interest Rate for 20 Years
3.5%
6.19%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$4140
$2352
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3333
$1504
Transportation
🚌 Local transport ticket
$2.83
$0.4
🎟️ Monthly ticket local transport
$52.7
$30.2
🚕 Taxi Ride, 8 km or 5 mi
$26.5
$14.8
 Gas / Petrol, 1 L or 0.26 gal
$1.89
$1.05
Groceries
🥛 Milk, 1 L or 1 qt
$1.26
$1.77
🍞 Bread, 0.5 kg or 1.1 lb
$2.4
$2.23
🍚 Rice, 1 kg or 2.2 lb
$2.43
$2.26
🥚 Eggs, x12
$3.65
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$14.5
$12.5
🐔 Chicken Breast, 1 kg or 2.2 lb
$11
$7.36
🥩 Round Steak, 1 kg or 2.2 lb
$18.6
$9.88
🍏 Apples, 1 kg or 2.2 lb
$2.61
$3.32
🍌 Banana, 1 kg or 2.2 lb
$2.14
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$2.48
$3.08
🍅 Tomato, 1 kg or 2.2 lb
$2.83
$2.92
🥔 Potato, 1 kg or 2.2 lb
$1.94
$2.23
🧅 Onion, 1 kg or 2.2 lb
$1.7
$2.51
🌊 Water, 1 L or 1 qt
$0.62
$1.01
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.88
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$7.61
$8.84
🍺 Beer, 0.5 L or 16 fl oz
$1.96
$1.11
🚬 Cigarette pack
$9.09
$5.89
💊 Cold medicince, 1 week
$11
$12.1
🧴 Hair Shampoo
$4.22
$6.01
🧻 Toilet paper, 4 rolls
$2.07
$2.89
👄 Toothpaste, 1 tube
$2.78
$2.65
Other
🏋️ Gym Membership, 1 month
$36.1
$38.9
🎫 Cinema Ticket, 1 person
$13.7
$6.51
👩‍⚕️ Doctor's visit
$32
$45.6
💇 Haircut, simple
$19.5
$11.5
👖 Brand Jeans
$95.6
$53.1
👟 Brand Sneakers
$98.9
$86.4
👶 Daycare or Preschool, 1 month
$613
$438
🏫 International Primary School, 1 year
$16544
$9292

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
$1762
529K
Ghent
$1645
265K
Brussels
$1958
196K
Liege
$1505
195K
Charleroi
$1450
202K
Schaerbeek
$1752
133K
Anderlecht
$1734
121K
Mouscron
$1497
58.2K
Bruges
$1471
119K
Leuven
$1761
101K
Mons
$1446
95.3K
Namur
$1441
114K
Aalst
$1779
88.9K
Ostend
$1425
71.6K
La Louviere
$1586
81K
Tournai
$1647
69.6K
Kortrijk
$1423
77.7K
Braine-l'Alleud
$1702
39.8K
Mechelen
$1619
86.9K
Hasselt
$1517
77.7K
Sint-Niklaas
$1592
80.2K
Seraing
$1501
64.3K
Woluwe-Saint-Lambert
$1657
57.7K
Vilvoorde
$1675
44K
Forest
$1712
56.6K
Dendermonde
$1592
45.7K
Roeselare
$1378
64.5K
Genk
$1525
66.1K
Verviers
$1252
55.2K
Saint-Gilles
$1633
49.7K

In Panama

City Cost of living Population
Panama City
$1384
881K
Colon
$1182
242K
Tocumen
$1231
103K
Santiago de Veraguas
$1056
89K
La Chorrera
$953
68.9K
Balboa
$1249
62.9K
David
$833
82.9K
Pacora
$1249
52.5K
Chitre
$1091
46.2K
Penonome
$1098
21.7K