Ethiopia vs Panama - Cost of Living Comparison

Updated:

Livingcost

Ethiopia Panama
🚶 Cost of living one person
$1002
$1260
👨‍👩‍👧‍👦 Cost of living Family
$2335
$3090
🏠 One person rent
$540
$654
🏘️ Family rent
$1047
$1202
🍽️ Food expenses
$330
$442
🚐 Transport expenses
$52.2
$67.1
💳 Monthly salary after tax
$217
$856
💸 GDP per capita
$1294
$18662
😃 Human freedom index
5.2
7.57
❤️ Life expectancy
65.6
76.8
👮 Corruption perceptions index
37
35
🌐 English speaking %
0.2%
14%
🎓 Higher education
60
46
😀 Quality of life
16
55
🏙️ Population
105M
4.1M

The average cost of living in Ethiopia ($1002) is 20% less expensive than in Panama ($1260). Ethiopia ranked 85th vs 47th 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 0.2 months in Ethiopia compared to 0.7 months in Panama. Ranked 175th and 71st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Ethiopia vs Panama infographic

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Prices in Ethiopia vs Panama

We calculate prices for Ethiopia and Panama as a population-weighted mean of 10 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.

Ethiopia Panama
Eating Out
🍱 Lunch Menu
$6.08
$11.3
🥂 Dinner in a Restaurant, for 2
$27.7
$54.2
🥪 Fast food meal, equiv. McDonald's
$6.03
$7.61
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.98
$2.82
 Cappuccino
$1.24
$3.96
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.72
$1.88
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$569
$699
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$396
$483
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1356
$1448
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$770
$928
🔌 Utility Bill one person, electricity, heating, water, etc.
$95.6
$80
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$147
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$13.4
$47.6
🏦 Mortgage Interest Rate for 20 Years
14.51%
6.19%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2662
$2352
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1909
$1504
Transportation
🚌 Local transport ticket
$0.4
$0.4
🎟️ Monthly ticket local transport
$11.3
$30.2
🚕 Taxi Ride, 8 km or 5 mi
$3.69
$14.8
 Gas / Petrol, 1 L or 0.26 gal
$1.3
$1.05
Groceries
🥛 Milk, 1 L or 1 qt
$1.5
$1.77
🍞 Bread, 0.5 kg or 1.1 lb
$1.03
$2.23
🍚 Rice, 1 kg or 2.2 lb
$1.69
$2.26
🥚 Eggs, x12
$2.69
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$10.5
$12.5
🐔 Chicken Breast, 1 kg or 2.2 lb
$12.7
$7.36
🥩 Round Steak, 1 kg or 2.2 lb
$14.3
$9.88
🍏 Apples, 1 kg or 2.2 lb
$7.19
$3.32
🍌 Banana, 1 kg or 2.2 lb
$1.1
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$2.57
$3.08
🍅 Tomato, 1 kg or 2.2 lb
$0.91
$2.92
🥔 Potato, 1 kg or 2.2 lb
$0.67
$2.23
🧅 Onion, 1 kg or 2.2 lb
$1.9
$2.51
🌊 Water, 1 L or 1 qt
$0.39
$1.01
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.72
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$8.08
$8.84
🍺 Beer, 0.5 L or 16 fl oz
$1.2
$1.11
🚬 Cigarette pack
$3.99
$5.89
💊 Cold medicince, 1 week
$3.15
$12.1
🧴 Hair Shampoo
$1.27
$6.01
🧻 Toilet paper, 4 rolls
$0.54
$2.89
👄 Toothpaste, 1 tube
$0.38
$2.65
Other
🏋️ Gym Membership, 1 month
$75.4
$38.9
🎫 Cinema Ticket, 1 person
$6.69
$6.51
👩‍⚕️ Doctor's visit
$12.8
$45.6
💇 Haircut, simple
$2.25
$11.5
👖 Brand Jeans
$45.3
$53.1
👟 Brand Sneakers
$97.4
$86.4
👶 Daycare or Preschool, 1 month
$86.5
$438
🏫 International Primary School, 1 year
$3359
$9292

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Ethiopia

City Cost of living Population
Addis Ababa
$1103
5.23M
Gondar
$946
324K
Awasa
$810
300K
Mekelle
$686
324K
Bahir Dar
$799
243K
Jimma
$590
178K
Dessie
$814
188K
Dire Dawa
$667
277K
Jijiga
$671
159K
Harar
$626
129K

In Panama

City Cost of living Population
Panama City
$1384
881K
Colon
$1182
242K
Tocumen
$1231
103K
Santiago de Veraguas
$1056
89K
La Chorrera
$953
68.9K
Balboa
$1249
62.9K
David
$833
82.9K
Pacora
$1249
52.5K
Chitre
$1091
46.2K
Penonome
$1098
21.7K