Denmark vs Panama - Cost of Living Comparison

Updated:

Livingcost

Denmark Panama
🚶 Cost of living one person
$1890
$1250
👨‍👩‍👧‍👦 Cost of living Family
$4472
$2818
🏠 One person rent
$1004
$714
🏘️ Family rent
$1860
$1129
🍽️ Food expenses
$601
$385
🚐 Transport expenses
$118
$62.1
💳 Monthly salary after tax
$3448
$885
💸 GDP per capita
$66983
$17358
😃 Human freedom index
8.72
7.52
❤️ Life expectancy
81.4
76.2
👮 Corruption perceptions index
90
36
🌐 English speaking %
86.1%
14%
🎓 Higher education
97
48
😀 Quality of life
95
55
🏙️ Population
5.83M
4.1M

The average cost of living in Denmark ($1890) is 51% more expensive than in Panama ($1250). Denmark ranked 16th 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 1.8 months in Denmark compared to 0.7 months in Panama. Ranked 3rd and 70th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Denmark vs Panama infographic

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Prices in Denmark vs Panama

We calculate prices for Denmark and Panama as a population-weighted mean of 27 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.

Denmark Panama
Eating Out
🍱 Lunch Menu
$19
$8.05
🥂 Dinner in a Restaurant, for 2
$94.8
$41.3
🥪 Fast food meal, equiv. McDonald's
$12.9
$6.93
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.47
$2.36
 Cappuccino
$5.59
$3.75
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.78
$1.54
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1076
$752
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$778
$552
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2016
$1534
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1523
$824
🔌 Utility Bill one person, electricity, heating, water, etc.
$133
$80
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$204
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$34
$41.8
🏦 Mortgage Interest Rate for 20 Years
3.61%
6.29%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5483
$2356
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3775
$1123
Transportation
🚌 Local transport ticket
$3.42
$0.39
🎟️ Monthly ticket local transport
$77.3
$29.7
🚕 Taxi Ride, 8 km or 5 mi
$26.3
$11.7
 Gas / Petrol, 1 L or 0.26 gal
$2.09
$1.11
Groceries
🥛 Milk, 1 L or 1 qt
$1.84
$1.72
🍞 Bread, 0.5 kg or 1.1 lb
$3.01
$2.07
🍚 Rice, 1 kg or 2.2 lb
$2.35
$1.98
🥚 Eggs, x12
$4.46
$2.37
🧀 Cheese, 1 kg or 2.2 lb
$12.1
$10.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$11.4
$6.25
🥩 Round Steak, 1 kg or 2.2 lb
$17.3
$7.67
🍏 Apples, 1 kg or 2.2 lb
$2.99
$2.84
🍌 Banana, 1 kg or 2.2 lb
$3.07
$1.3
🍊 Oranges, 1 kg or 2.2 lb
$3.19
$2.66
🍅 Tomato, 1 kg or 2.2 lb
$4.18
$2.88
🥔 Potato, 1 kg or 2.2 lb
$1.96
$2.06
🧅 Onion, 1 kg or 2.2 lb
$1.68
$1.86
🌊 Water, 1 L or 1 qt
$0.89
$0.92
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.13
$2.4
🍾 Wine (mid-priced), 750 mL bottle
$9.79
$9.01
🍺 Beer, 0.5 L or 16 fl oz
$1.78
$1.17
🚬 Cigarette pack
$8.71
$6.24
💊 Cold medicince, 1 week
$7.89
$12.1
🧴 Hair Shampoo
$3.98
$6.69
🧻 Toilet paper, 4 rolls
$2.34
$3.31
👄 Toothpaste, 1 tube
$2.31
$3.11
Other
🏋️ Gym Membership, 1 month
$38.2
$40.3
🎫 Cinema Ticket, 1 person
$16.9
$6.41
👩‍⚕️ Doctor's visit
$71.9
$41.8
💇 Haircut, simple
$28
$11.5
👖 Brand Jeans
$102
$47
👟 Brand Sneakers
$100
$70.8
👶 Daycare or Preschool, 1 month
$475
$423
🏫 International Primary School, 1 year
$5787
$8968

Cost of living in other countries

Cost of living

Cities Comparison in Denmark vs Panama

More countries to compare

Cost of Living in Popular cities

In Denmark

City Cost of living Population
Copenhagen
$2371
644K
Aarhus
$1798
285K
Odense
$1893
177K
Frederiksberg
$1984
105K
Esbjerg
$1521
115K
Aalborg
$1695
113K
Gentofte
$1998
75.8K
Naestved
$1670
41.9K
Vejle
$1668
56.6K
Randers
$1556
62.8K
Kolding
$1373
58.8K
Roskilde
$1747
50K
Horsholm
$1868
47.5K
Holstebro
$1298
35.4K
Horsens
$1420
59.4K
Silkeborg
$1476
44.3K
Herning
$1613
44.6K
Helsingor
$1584
47.4K
Fredericia
$1634
39.9K
Hillerod
$2021
36K
Viborg
$1524
41.1K
Frederikshavn
$1476
23.5K
Sonderborg
$1381
27.6K
Svendborg
$1567
27.2K
Nuuk
$1928
18.3K
Haderslev
$1358
22K
Torshavn
$1944
13.3K

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