Belize vs Panama - Cost of Living Comparison

Updated:

Livingcost

Belize Panama
🚶 Cost of living one person
$859
$1250
👨‍👩‍👧‍👦 Cost of living Family
$1999
$2818
🏠 One person rent
$377
$714
🏘️ Family rent
$559
$1129
🍽️ Food expenses
$338
$385
🚐 Transport expenses
$58.3
$62.1
💳 Monthly salary after tax
$1133
$885
💸 GDP per capita
$6968
$17358
😃 Human freedom index
7.02
7.52
❤️ Life expectancy
70.5
76.2
👮 Corruption perceptions index
58
36
🌐 English speaking %
81.7%
14%
🎓 Higher education
23
48
😀 Quality of life
48
55
🏙️ Population
375K
4.1M

The average cost of living in Belize ($859) is 31% less expensive than in Panama ($1250). Belize ranked 96th vs 43rd 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 1.3 months in Belize compared to 0.7 months in Panama. Ranked 83rd and 70th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Belize vs Panama infographic

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Prices in Belize vs Panama

We calculate prices for Belize and Panama as a population-weighted mean of 5 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.

Belize Panama
Eating Out
🍱 Lunch Menu
$6.33
$8.05
🥂 Dinner in a Restaurant, for 2
$22.6
$41.3
🥪 Fast food meal, equiv. McDonald's
$6.22
$6.93
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.69
$2.36
 Cappuccino
$3.72
$3.75
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.31
$1.54
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$356
$752
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$225
$552
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$590
$1534
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$350
$824
🔌 Utility Bill one person, electricity, heating, water, etc.
$65.2
$80
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$100
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$60.8
$41.8
🏦 Mortgage Interest Rate for 20 Years
12%
6.29%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$199
$2356
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$949
$1123
Transportation
🚌 Local transport ticket
$1.58
$0.39
🎟️ Monthly ticket local transport
$31.5
$29.7
🚕 Taxi Ride, 8 km or 5 mi
$23.3
$11.7
 Gas / Petrol, 1 L or 0.26 gal
$1.84
$1.11
Groceries
🥛 Milk, 1 L or 1 qt
$1.84
$1.72
🍞 Bread, 0.5 kg or 1.1 lb
$1.21
$2.07
🍚 Rice, 1 kg or 2.2 lb
$1.34
$1.98
🥚 Eggs, x12
$2.28
$2.37
🧀 Cheese, 1 kg or 2.2 lb
$9.63
$10.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$5.82
$6.25
🥩 Round Steak, 1 kg or 2.2 lb
$5.82
$7.67
🍏 Apples, 1 kg or 2.2 lb
$3.8
$2.84
🍌 Banana, 1 kg or 2.2 lb
$1.51
$1.3
🍊 Oranges, 1 kg or 2.2 lb
$1.45
$2.66
🍅 Tomato, 1 kg or 2.2 lb
$2.27
$2.88
🥔 Potato, 1 kg or 2.2 lb
$2.23
$2.06
🧅 Onion, 1 kg or 2.2 lb
$2.17
$1.86
🌊 Water, 1 L or 1 qt
$0.82
$0.92
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$2.4
🍾 Wine (mid-priced), 750 mL bottle
$15
$9.01
🍺 Beer, 0.5 L or 16 fl oz
$1.86
$1.17
🚬 Cigarette pack
$4.36
$6.24
💊 Cold medicince, 1 week
$11.6
$12.1
🧴 Hair Shampoo
$5.87
$6.69
🧻 Toilet paper, 4 rolls
$1.5
$3.31
👄 Toothpaste, 1 tube
$1.55
$3.11
Other
🏋️ Gym Membership, 1 month
$34.1
$40.3
🎫 Cinema Ticket, 1 person
$7.31
$6.41
👩‍⚕️ Doctor's visit
$29
$41.8
💇 Haircut, simple
$5.19
$11.5
👖 Brand Jeans
$40.7
$47
👟 Brand Sneakers
$108
$70.8
👶 Daycare or Preschool, 1 month
$199
$423
🏫 International Primary School, 1 year
$4495
$8968

Cost of living in other countries

Cost of living

Cities Comparison in Belize vs Panama

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Cost of Living in Popular cities

In Belize

City Cost of living Population
Belize City
$847
57.2K
Belmopan
$681
17.2K
San Pedro Town
$881
11.8K
San Ignacio
$986
26.2K
Caye Caulker
$923
2K

In Panama

City Cost of living Population
Panama City
$1328
881K
Colon
$1568
242K
Tocumen
$1087
103K
Santiago de Veraguas
$979
89K
David
$707
82.9K
La Chorrera
$802
68.9K
Balboa
$1183
62.9K
Pacora
$1102
52.5K
Chitre
$1005
46.2K
Penonome
$959
21.7K