Ghana vs Panama - Cost of Living Comparison

Updated:

Livingcost

Ghana Panama
🚶 Cost of living one person
$650
$1324
👨‍👩‍👧‍👦 Cost of living Family
$1627
$3050
🏠 One person rent
$225
$742
🏘️ Family rent
$365
$1185
🍽️ Food expenses
$278
$427
🚐 Transport expenses
$91.4
$59.6
💳 Monthly salary after tax
$176
$850
💸 GDP per capita
$2391
$19161
😃 Human freedom index
7.05
7.92
❤️ Life expectancy
65.5
79.6
👮 Corruption perceptions index
43
33
🌐 English speaking %
66.7%
14%
🎓 Higher education
68
44
😀 Quality of life
42
60
🏙️ Population
34.4M
4.52M

The average cost of living in Ghana ($650) is 51% less expensive than in Panama ($1324). Ghana ranked 161st 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 0.3 months in Ghana compared to 0.6 months in Panama. Ranked 126th and 70th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Share this infographic!

Prices in Ghana vs Panama

We calculate prices for Ghana 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.

Ghana Panama
Eating Out
🍱 Lunch Menu
$4.68
$9.11
🥂 Dinner in a Restaurant, for 2
$38.1
$43.4
🥪 Fast food meal, equiv. McDonald's
$7.5
$7.14
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.05
$2.84
 Cappuccino
$2.09
$3.73
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.79
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$206
$787
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$139
$563
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$609
$1416
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$432
$956
🔌 Utility Bill one person, electricity, heating, water, etc.
$32.2
$88.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$49.4
$136
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$41.4
$46.3
🏦 Mortgage Interest Rate for 20 Years
27%
6.36%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5718
$2983
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3345
$1713
Transportation
🚌 Local transport ticket
$0.82
$0.43
🎟️ Monthly ticket local transport
$28.3
$29.7
🚕 Taxi Ride, 8 km or 5 mi
$10.4
$18.7
 Gas / Petrol, 1 L or 0.26 gal
$0.96
$1
Groceries
🥛 Milk, 1 L or 1 qt
$2.32
$1.82
🍞 Bread, 0.5 kg or 1.1 lb
$1.37
$2.35
🍚 Rice, 1 kg or 2.2 lb
$2.13
$2.53
🥚 Eggs, x12
$2.24
$3.07
🧀 Cheese, 1 kg or 2.2 lb
$7.9
$10.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.84
$6.37
🥩 Round Steak, 1 kg or 2.2 lb
$5.58
$9.68
🍏 Apples, 1 kg or 2.2 lb
$2.26
$3.5
🍌 Banana, 1 kg or 2.2 lb
$1.11
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$1.2
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$2.27
$2.97
🥔 Potato, 1 kg or 2.2 lb
$2.3
$2.47
🧅 Onion, 1 kg or 2.2 lb
$1.74
$3.68
🌊 Water, 1 L or 1 qt
$0.36
$1.15
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.78
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$4.38
$10.3
🍺 Beer, 0.5 L or 16 fl oz
$1.24
$1.37
🚬 Cigarette pack
$1.55
$6.01
💊 Cold medicince, 1 week
$5.65
$11.4
🧴 Hair Shampoo
$2.18
$6.18
🧻 Toilet paper, 4 rolls
$0.99
$2.7
👄 Toothpaste, 1 tube
$0.79
$2.45
Other
🏋️ Gym Membership, 1 month
$27.9
$35.9
🎫 Cinema Ticket, 1 person
$8.96
$7.16
👩‍⚕️ Doctor's visit
$27.1
$42.4
💇 Haircut, simple
$4.21
$11.2
👖 Brand Jeans
$15.4
$50.2
👟 Brand Sneakers
$32.9
$85.8
👶 Daycare or Preschool, 1 month
$88.8
$501
🏫 International Primary School, 1 year
$7241
$12647

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Ghana

City Cost of living Population
Kumasi
$562
3.9M
Accra
$861
1.78M
Tamale
$612
730K
Sekondi-Takoradi
$684
540K
Ashaiman
$654
208K
Obuasi
$664
180K
Koforidua
$703
127K
Tema
$607
162K
Ho
$454
126K
Hohoe
$683
56.2K

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