Belize vs Panama - Cost of Living Comparison

Updated:

Livingcost

Belize Panama
🚶 Cost of living one person
$899
$1198
👨‍👩‍👧‍👦 Cost of living Family
$2299
$2872
🏠 One person rent
$391
$624
🏘️ Family rent
$776
$1080
🍽️ Food expenses
$364
$416
🚐 Transport expenses
$62.8
$61.7
💳 Monthly salary after tax
$1288
$895
💸 GDP per capita
$6984
$17358
😃 Human freedom index
6.82
7.57
❤️ Life expectancy
70.5
76.2
👮 Corruption perceptions index
58
35
🌐 English speaking %
81.7%
14%
🎓 Higher education
23
46
😀 Quality of life
49
56
🏙️ Population
375K
4.1M

The average cost of living in Belize ($899) is 25% less expensive than in Panama ($1198). Belize ranked 96th 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 1.4 months in Belize compared to 0.7 months in Panama. Ranked 85th and 71st 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
$5.75
$9.95
🥂 Dinner in a Restaurant, for 2
$28.9
$48.7
🥪 Fast food meal, equiv. McDonald's
$6.88
$7.78
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.69
$2.46
 Cappuccino
$4.11
$3.95
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.3
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$360
$712
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$239
$447
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$900
$1430
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$537
$794
🔌 Utility Bill one person, electricity, heating, water, etc.
$71.4
$78.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$111
$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$56.3
$47.1
🏦 Mortgage Interest Rate for 20 Years
12.53%
6.05%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$200
$2303
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$943
$1386
Transportation
🚌 Local transport ticket
$1.69
$0.4
🎟️ Monthly ticket local transport
$26.4
$28.6
🚕 Taxi Ride, 8 km or 5 mi
$27.9
$13
 Gas / Petrol, 1 L or 0.26 gal
$1.67
$1.08
Groceries
🥛 Milk, 1 L or 1 qt
$2.34
$1.73
🍞 Bread, 0.5 kg or 1.1 lb
$1.58
$2.21
🍚 Rice, 1 kg or 2.2 lb
$1.73
$1.93
🥚 Eggs, x12
$3.03
$2.59
🧀 Cheese, 1 kg or 2.2 lb
$10.3
$11.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$5.34
$7.31
🥩 Round Steak, 1 kg or 2.2 lb
$4.97
$8.61
🍏 Apples, 1 kg or 2.2 lb
$5.41
$3.02
🍌 Banana, 1 kg or 2.2 lb
$1.66
$1.36
🍊 Oranges, 1 kg or 2.2 lb
$1.76
$2.82
🍅 Tomato, 1 kg or 2.2 lb
$3.01
$2.86
🥔 Potato, 1 kg or 2.2 lb
$2.29
$2.14
🧅 Onion, 1 kg or 2.2 lb
$2.07
$2.02
🌊 Water, 1 L or 1 qt
$0.78
$0.96
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.48
$2.52
🍾 Wine (mid-priced), 750 mL bottle
$14.7
$9.18
🍺 Beer, 0.5 L or 16 fl oz
$1.88
$1.14
🚬 Cigarette pack
$4.16
$6.14
💊 Cold medicince, 1 week
$11.7
$11.2
🧴 Hair Shampoo
$5.87
$6.03
🧻 Toilet paper, 4 rolls
$1.51
$3.11
👄 Toothpaste, 1 tube
$1.65
$3.07
Other
🏋️ Gym Membership, 1 month
$36.9
$38.1
🎫 Cinema Ticket, 1 person
$10.3
$6.71
👩‍⚕️ Doctor's visit
$28.8
$45.4
💇 Haircut, simple
$5.18
$11.5
👖 Brand Jeans
$32.9
$53.7
👟 Brand Sneakers
$81.8
$81.7
👶 Daycare or Preschool, 1 month
$212
$408
🏫 International Primary School, 1 year
$5537
$9399

Cost of living in other countries

Cost of living

Cities Comparison in Belize vs Panama

More countries to compare

Cost of Living in Popular cities

In Belize

City Cost of living Population
Belize City
$886
57.2K
San Ignacio
$1039
26.2K
Belmopan
$716
17.2K
San Pedro Town
$915
11.8K
Caye Caulker
$942
2K

In Panama

City Cost of living Population
Panama City
$1316
881K
Colon
$1157
242K
Tocumen
$1171
103K
Santiago de Veraguas
$961
89K
David
$789
82.9K
La Chorrera
$917
68.9K
Balboa
$1189
62.9K
Pacora
$1182
52.5K
Chitre
$980
46.2K
Penonome
$940
21.7K