Gambia vs Panama - Cost of Living Comparison

Updated:

Livingcost

Gambia Panama
🚶 Cost of living one person
$526
$1323
👨‍👩‍👧‍👦 Cost of living Family
$1254
$3204
🏠 One person rent
$190
$721
🏘️ Family rent
$282
$1275
🍽️ Food expenses
$269
$435
🚐 Transport expenses
$18.1
$66.2
💳 Monthly salary after tax
$63.3
$894
💸 GDP per capita
$888
$18686
😃 Human freedom index
6.71
8
❤️ Life expectancy
62.9
76.8
👮 Corruption perceptions index
38
33
🌐 English speaking %
2.3%
14%
🎓 Higher education
37
47
😀 Quality of life
15
55
🏙️ Population
2.64M
4.1M

The average cost of living in the Gambia ($526) is 60% less expensive than in Panama ($1323). the Gambia ranked 176th vs 44th 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 0.1 months in the Gambia compared to 0.7 months in Panama. Ranked 179th and 69th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Gambia vs Panama infographic

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Prices in the Gambia vs Panama

We calculate prices for the Gambia and Panama as a population-weighted mean of 3 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.

Gambia Panama
Eating Out
🍱 Lunch Menu
$4.05
$9.43
🥂 Dinner in a Restaurant, for 2
$62.9
$47.5
🥪 Fast food meal, equiv. McDonald's
$6.28
$7.88
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.25
$2.86
 Cappuccino
$2.08
$3.78
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.07
$1.64
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$93.1
$748
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$98.2
$554
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$262
$1451
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$140
$1015
🔌 Utility Bill one person, electricity, heating, water, etc.
$46
$82
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$70.8
$127
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46.7
$46
🏦 Mortgage Interest Rate for 20 Years
10.15%
6.34%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1458
$2471
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1163
$1596
Transportation
🚌 Local transport ticket
$0.21
$0.46
🎟️ Monthly ticket local transport
$6.62
$28.1
🚕 Taxi Ride, 8 km or 5 mi
$7.29
$15.1
 Gas / Petrol, 1 L or 0.26 gal
$0.89
$1.01
Groceries
🥛 Milk, 1 L or 1 qt
$1.54
$1.79
🍞 Bread, 0.5 kg or 1.1 lb
$0.65
$2.28
🍚 Rice, 1 kg or 2.2 lb
$1.71
$2.48
🥚 Eggs, x12
$2
$2.77
🧀 Cheese, 1 kg or 2.2 lb
$6.31
$12
🐔 Chicken Breast, 1 kg or 2.2 lb
$3.43
$7.24
🥩 Round Steak, 1 kg or 2.2 lb
$5.78
$9.54
🍏 Apples, 1 kg or 2.2 lb
$2.11
$3.58
🍌 Banana, 1 kg or 2.2 lb
$1.27
$1.58
🍊 Oranges, 1 kg or 2.2 lb
$1.87
$2.89
🍅 Tomato, 1 kg or 2.2 lb
$1.4
$2.93
🥔 Potato, 1 kg or 2.2 lb
$0.92
$2.27
🧅 Onion, 1 kg or 2.2 lb
$1.01
$2.78
🌊 Water, 1 L or 1 qt
$0.27
$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.13
$2.3
🍾 Wine (mid-priced), 750 mL bottle
$6.66
$9.69
🍺 Beer, 0.5 L or 16 fl oz
$1.55
$1.22
🚬 Cigarette pack
$2.04
$5.98
💊 Cold medicince, 1 week
$3.56
$12.9
🧴 Hair Shampoo
$2.79
$6.69
🧻 Toilet paper, 4 rolls
$1.53
$3.06
👄 Toothpaste, 1 tube
$1.25
$3.1
Other
🏋️ Gym Membership, 1 month
$24.4
$39.8
🎫 Cinema Ticket, 1 person
$3.49
$7.1
👩‍⚕️ Doctor's visit
$12.4
$49.2
💇 Haircut, simple
$3.64
$10.9
👖 Brand Jeans
$35.1
$53.9
👟 Brand Sneakers
$55.9
$88.4
👶 Daycare or Preschool, 1 month
$83.8
$475
🏫 International Primary School, 1 year
$2758
$13168

Cost of living in other countries

Cost of living

$349

$907

$6.64K

More countries to compare

Cost of Living in Popular cities

In the Gambia

City Cost of living Population
Brikama
$552
81K
Lamin
$507
31.1K
Banjul
$477
31.4K

In Panama

City Cost of living Population
Panama City
$1479
881K
Colon
$1172
242K
Tocumen
$1310
103K
Santiago de Veraguas
$1089
89K
La Chorrera
$957
68.9K
Balboa
$1328
62.9K
David
$890
82.9K
Chitre
$1117
60.5K
Pacora
$1304
52.5K
Penonome
$1116
21.7K