Israel vs Panama - Cost of Living Comparison

Updated:

Livingcost

Israel Panama
🚶 Cost of living one person
$1836
$1260
👨‍👩‍👧‍👦 Cost of living Family
$4379
$3090
🏠 One person rent
$1026
$654
🏘️ Family rent
$1793
$1202
🍽️ Food expenses
$565
$442
🚐 Transport expenses
$74.5
$67.1
💳 Monthly salary after tax
$2633
$856
💸 GDP per capita
$52262
$18662
😃 Human freedom index
7.43
7.57
❤️ Life expectancy
82.7
76.8
👮 Corruption perceptions index
62
35
🌐 English speaking %
85%
14%
🎓 Higher education
93
46
😀 Quality of life
81
55
🏙️ Population
9.84M
4.1M

The average cost of living in Israel ($1836) is 46% more expensive than in Panama ($1260). Israel ranked 21st 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 1.4 months in Israel compared to 0.7 months in Panama. Ranked 27th and 71st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Israel vs Panama infographic

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Prices in Israel vs Panama

We calculate prices for Israel and Panama as a population-weighted mean of 67 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.

Israel Panama
Eating Out
🍱 Lunch Menu
$19
$11.3
🥂 Dinner in a Restaurant, for 2
$80.7
$54.2
🥪 Fast food meal, equiv. McDonald's
$14.8
$7.61
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$8.29
$2.82
 Cappuccino
$3.86
$3.96
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.7
$1.88
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1026
$699
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$826
$483
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1840
$1448
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1491
$928
🔌 Utility Bill one person, electricity, heating, water, etc.
$133
$80
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$205
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$27.1
$47.6
🏦 Mortgage Interest Rate for 20 Years
4.53%
6.19%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8309
$2352
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6555
$1504
Transportation
🚌 Local transport ticket
$1.58
$0.4
🎟️ Monthly ticket local transport
$57.7
$30.2
🚕 Taxi Ride, 8 km or 5 mi
$14.1
$14.8
 Gas / Petrol, 1 L or 0.26 gal
$1.92
$1.05
Groceries
🥛 Milk, 1 L or 1 qt
$1.83
$1.77
🍞 Bread, 0.5 kg or 1.1 lb
$2.31
$2.23
🍚 Rice, 1 kg or 2.2 lb
$2.6
$2.26
🥚 Eggs, x12
$3.86
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$14.2
$12.5
🐔 Chicken Breast, 1 kg or 2.2 lb
$10.2
$7.36
🥩 Round Steak, 1 kg or 2.2 lb
$18.7
$9.88
🍏 Apples, 1 kg or 2.2 lb
$3.18
$3.32
🍌 Banana, 1 kg or 2.2 lb
$2.04
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1.77
$3.08
🍅 Tomato, 1 kg or 2.2 lb
$2.01
$2.92
🥔 Potato, 1 kg or 2.2 lb
$1.41
$2.23
🧅 Onion, 1 kg or 2.2 lb
$1.36
$2.51
🌊 Water, 1 L or 1 qt
$0.82
$1.01
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.65
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$11.5
$8.84
🍺 Beer, 0.5 L or 16 fl oz
$2.56
$1.11
🚬 Cigarette pack
$9.77
$5.89
💊 Cold medicince, 1 week
$8.29
$12.1
🧴 Hair Shampoo
$4.41
$6.01
🧻 Toilet paper, 4 rolls
$1.9
$2.89
👄 Toothpaste, 1 tube
$3.63
$2.65
Other
🏋️ Gym Membership, 1 month
$65.9
$38.9
🎫 Cinema Ticket, 1 person
$11.8
$6.51
👩‍⚕️ Doctor's visit
$119
$45.6
💇 Haircut, simple
$14.3
$11.5
👖 Brand Jeans
$85.8
$53.1
👟 Brand Sneakers
$114
$86.4
👶 Daycare or Preschool, 1 month
$921
$438
🏫 International Primary School, 1 year
$12223
$9292

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Israel

City Cost of living Population
Jerusalem
$2037
936K
Tel Aviv
$2254
468K
Haifa
$1582
283K
Petah Tikva
$1769
236K
Beersheba
$1372
209K
Rishon LeZion
$1881
250K
Bnei Brak
$1996
194K
Holon
$1751
194K
Netanya
$2045
217K
Ramat Gan
$2154
159K
Herzliya
$2085
94K
Ashkelon
$1671
134K
Bat Yam
$1795
129K
Rehovot
$1741
133K
Beit Shemesh
$1400
119K
Kfar Saba
$1918
101K
Hadera
$1556
95.7K
Ra'anana
$1917
74K
Modi'in-Maccabim-Re'ut
$1835
97.1K
Nazareth
$1674
83.4K
Givatayim
$2020
59.5K
Rahat
$1632
64.5K
Afula
$1614
60K
Ramat HaSharon
$1651
46.7K
Rosh HaAyin
$1853
56.3K
Hod HaSharon
$2098
56.7K
Kiryat Gat
$1754
55K
Umm al-Fahm
$1708
55.3K
Nahariya
$1565
60K
Lod
$1768
75.7K

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