Belize vs Panama - Cost of Living Comparison

Belize Panama
🚶 Cost of living one person
$840
$1040
👨‍👩‍👧‍👦 Cost of living Family
$1904
$2489
🏠 One person rent
$396
$530
🏘️ Family rent
$587
$877
🍽️ Food expenses
$305
$353
🚐 Transport expenses
$59.4
$68.5
💳 Monthly salary after tax
$888
$746
💸 GDP per capita
$4115
$12510
😃 Human freedom index
7.64
8.12
❤️ Life expectancy
74.8
78.7
👮 Corruption perceptions index
58
36
🌐 English speaking %
81.7%
14%
🎓 Higher education
25
49
😀 Quality of life
38
58
🏙️ Population
375K
4.1M

The average cost of living in Belize ($840) is 19% less expensive than in Panama ($1040). Belize ranked 92nd vs 57th 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 1.1 months in Belize compared to 0.7 months in Panama. Ranked 127th and 63rd best countries to live in the world.

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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
$4.09
$7.93
🥂 Dinner in a Restaurant, for 2
$22.4
$35.9
🥪 Fast food meal, equiv. McDonald's
$5.84
$6.24
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.55
$2.22
 Cappuccino
$3.62
$3.28
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.24
$1.49
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$376
$638
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$239
$375
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$638
$1105
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$369
$650
🔌 Utility Bill one person, electricity, heating, water, etc.
$64.8
$63.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$100
$97.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$64.3
$39.1
🏦 Mortgage Interest Rate for 20 Years
11.03%
6.3%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$703
$2002
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$946
$1216
Transportation
🚌 Local transport ticket
$1.54
$0.39
🎟️ Monthly ticket local transport
$44.3
$35
🚕 Taxi Ride, 8 km or 5 mi
$22
$13.1
 Gas / Petrol, 1 L or 0.26 gal
$1.54
$1.07
Groceries
🥛 Milk, 1 L or 1 qt
$1.82
$1.59
🍞 Bread, 0.5 kg or 1.1 lb
$1.43
$1.94
🍚 Rice, 1 kg or 2.2 lb
$1.59
$1.93
🥚 Eggs, x12
$2.05
$2.22
🧀 Cheese, 1 kg or 2.2 lb
$8.86
$10.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.6
$5.57
🥩 Round Steak, 1 kg or 2.2 lb
$4.8
$8.11
🍏 Apples, 1 kg or 2.2 lb
$2.95
$2.74
🍌 Banana, 1 kg or 2.2 lb
$1.24
$1.27
🍊 Oranges, 1 kg or 2.2 lb
$1.18
$2.46
🍅 Tomato, 1 kg or 2.2 lb
$2.26
$2.85
🥔 Potato, 1 kg or 2.2 lb
$1.8
$2.1
🧅 Onion, 1 kg or 2.2 lb
$1.75
$1.94
🌊 Water, 1 L or 1 qt
$0.75
$0.92
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.97
$2.2
🍾 Wine (mid-priced), 750 mL bottle
$15.3
$9.42
🍺 Beer, 0.5 L or 16 fl oz
$1.82
$1.22
🚬 Cigarette pack
$4.06
$6.01
💊 Cold medicince, 1 week
$11.5
$8.1
🧴 Hair Shampoo
$5.86
$6.91
🧻 Toilet paper, 4 rolls
$1.5
$2.57
👄 Toothpaste, 1 tube
$1.54
$2.37
Other
🏋️ Gym Membership, 1 month
$31
$39.1
🎫 Cinema Ticket, 1 person
$7.5
$6.19
👩‍⚕️ Doctor's visit
$29
$44.2
💇 Haircut, simple
$4.78
$12.4
👖 Brand Jeans
$37.4
$43.6
👟 Brand Sneakers
$95.2
$68.5
👶 Daycare or Preschool, 1 month
$130
$321
🏫 International Primary School, 1 year
$3674
$12414

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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
$826
57.2K
Belmopan
$803
17.2K
San Pedro Town
$848
11.8K
San Ignacio
$920
17K
Caye Caulker
$848
2K

In Panama

City Cost of living Population
Panama City
$1211
881K
Colon
$889
242K
Tocumen
$845
103K
Santiago de Veraguas
$853
89K
David
$769
82.9K
La Chorrera
$841
68.9K
Balboa
$851
62.9K
Chitre
$847
46.2K
Pacora
$760
52.5K
Penonome
$784
21.7K