Belize vs Panama - Cost of Living Comparison

Updated:

Livingcost

Belize Panama
🚶 Cost of living one person
$1037
$1324
👨‍👩‍👧‍👦 Cost of living Family
$2359
$3050
🏠 One person rent
$469
$742
🏘️ Family rent
$754
$1185
🍽️ Food expenses
$405
$427
🚐 Transport expenses
$72.8
$59.6
💳 Monthly salary after tax
$767
$850
💸 GDP per capita
$7681
$19161
😃 Human freedom index
7.48
7.92
❤️ Life expectancy
73.6
79.6
👮 Corruption perceptions index
58
33
🌐 English speaking %
81.7%
14%
🎓 Higher education
22
44
😀 Quality of life
48
60
🏙️ Population
417K
4.52M

The average cost of living in Belize ($1037) is 22% less expensive than in Panama ($1324). Belize ranked 93rd 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 0.7 months in Belize compared to 0.6 months in Panama. Ranked 107th 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 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
$8.56
$9.11
🥂 Dinner in a Restaurant, for 2
$37.1
$43.4
🥪 Fast food meal, equiv. McDonald's
$7.2
$7.14
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.55
$2.84
 Cappuccino
$4.41
$3.73
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.33
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$461
$787
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$295
$563
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$686
$1416
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$544
$956
🔌 Utility Bill one person, electricity, heating, water, etc.
$93.9
$88.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$146
$136
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46.7
$46.3
🏦 Mortgage Interest Rate for 20 Years
11.31%
6.36%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$200
$2983
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$999
$1713
Transportation
🚌 Local transport ticket
$2.67
$0.43
🎟️ Monthly ticket local transport
$25.3
$29.7
🚕 Taxi Ride, 8 km or 5 mi
$32.2
$18.7
 Gas / Petrol, 1 L or 0.26 gal
$2.09
$1
Groceries
🥛 Milk, 1 L or 1 qt
$2.82
$1.82
🍞 Bread, 0.5 kg or 1.1 lb
$1.66
$2.35
🍚 Rice, 1 kg or 2.2 lb
$1.99
$2.53
🥚 Eggs, x12
$2.97
$3.07
🧀 Cheese, 1 kg or 2.2 lb
$9.55
$10.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.47
$6.37
🥩 Round Steak, 1 kg or 2.2 lb
$9.52
$9.68
🍏 Apples, 1 kg or 2.2 lb
$4.59
$3.5
🍌 Banana, 1 kg or 2.2 lb
$1.29
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$2.06
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$3.51
$2.97
🥔 Potato, 1 kg or 2.2 lb
$2.48
$2.47
🧅 Onion, 1 kg or 2.2 lb
$2.18
$3.68
🌊 Water, 1 L or 1 qt
$0.79
$1.15
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.85
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$14.9
$10.3
🍺 Beer, 0.5 L or 16 fl oz
$2.14
$1.37
🚬 Cigarette pack
$4.64
$6.01
💊 Cold medicince, 1 week
$11.6
$11.4
🧴 Hair Shampoo
$5.87
$6.18
🧻 Toilet paper, 4 rolls
$1.53
$2.7
👄 Toothpaste, 1 tube
$1.65
$2.45
Other
🏋️ Gym Membership, 1 month
$34.2
$35.9
🎫 Cinema Ticket, 1 person
$8.85
$7.16
👩‍⚕️ Doctor's visit
$28.1
$42.4
💇 Haircut, simple
$5.21
$11.2
👖 Brand Jeans
$46.8
$50.2
👟 Brand Sneakers
$107
$85.8
👶 Daycare or Preschool, 1 month
$64.3
$501
🏫 International Primary School, 1 year
$671
$12647

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
$938
64K
San Ignacio
$1054
26.2K
Belmopan
$1007
20.8K
San Pedro Town
$1365
15.5K
Caye Caulker
$1574
2.73K

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