Jamaica vs Panama - Cost of Living Comparison

Updated:

Livingcost

Jamaica Panama
🚶 Cost of living one person
$1148
$1260
👨‍👩‍👧‍👦 Cost of living Family
$3047
$3090
🏠 One person rent
$506
$654
🏘️ Family rent
$1235
$1202
🍽️ Food expenses
$457
$442
🚐 Transport expenses
$95.5
$67.1
💳 Monthly salary after tax
$775
$856
💸 GDP per capita
$6874
$18662
😃 Human freedom index
7.56
7.57
❤️ Life expectancy
70.6
76.8
👮 Corruption perceptions index
44
35
🌐 English speaking %
97.6%
14%
🎓 Higher education
69
46
😀 Quality of life
39
55
🏙️ Population
2.7M
4.1M

The average cost of living in Jamaica ($1148) is 9% less expensive than in Panama ($1260). Jamaica ranked 66th 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 0.7 months in Jamaica compared to 0.7 months in Panama. Ranked 117th and 71st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Jamaica vs Panama infographic

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Prices in Jamaica vs Panama

We calculate prices for Jamaica 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.

Jamaica Panama
Eating Out
🍱 Lunch Menu
$7.15
$11.3
🥂 Dinner in a Restaurant, for 2
$69.1
$54.2
🥪 Fast food meal, equiv. McDonald's
$7.39
$7.61
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.1
$2.82
 Cappuccino
$3.81
$3.96
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.34
$1.88
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$606
$699
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$307
$483
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1761
$1448
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$869
$928
🔌 Utility Bill one person, electricity, heating, water, etc.
$90.3
$80
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$138
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$49
$47.6
🏦 Mortgage Interest Rate for 20 Years
9.2%
6.19%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1894
$2352
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1690
$1504
Transportation
🚌 Local transport ticket
$0.91
$0.4
🎟️ Monthly ticket local transport
$40
$30.2
🚕 Taxi Ride, 8 km or 5 mi
$26.9
$14.8
 Gas / Petrol, 1 L or 0.26 gal
$1.27
$1.05
Groceries
🥛 Milk, 1 L or 1 qt
$3.72
$1.77
🍞 Bread, 0.5 kg or 1.1 lb
$2.99
$2.23
🍚 Rice, 1 kg or 2.2 lb
$1.61
$2.26
🥚 Eggs, x12
$4.06
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$12.1
$12.5
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.38
$7.36
🥩 Round Steak, 1 kg or 2.2 lb
$7.61
$9.88
🍏 Apples, 1 kg or 2.2 lb
$5.27
$3.32
🍌 Banana, 1 kg or 2.2 lb
$2.95
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$3.67
$3.08
🍅 Tomato, 1 kg or 2.2 lb
$3.29
$2.92
🥔 Potato, 1 kg or 2.2 lb
$2.46
$2.23
🧅 Onion, 1 kg or 2.2 lb
$2.07
$2.51
🌊 Water, 1 L or 1 qt
$0.91
$1.01
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.71
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$11.7
$8.84
🍺 Beer, 0.5 L or 16 fl oz
$2.7
$1.11
🚬 Cigarette pack
$8.8
$5.89
💊 Cold medicince, 1 week
$6.83
$12.1
🧴 Hair Shampoo
$6.44
$6.01
🧻 Toilet paper, 4 rolls
$3.38
$2.89
👄 Toothpaste, 1 tube
$1.73
$2.65
Other
🏋️ Gym Membership, 1 month
$72.7
$38.9
🎫 Cinema Ticket, 1 person
$11.4
$6.51
👩‍⚕️ Doctor's visit
$25
$45.6
💇 Haircut, simple
$9.14
$11.5
👖 Brand Jeans
$33.6
$53.1
👟 Brand Sneakers
$68.5
$86.4
👶 Daycare or Preschool, 1 month
$209
$438
🏫 International Primary School, 1 year
$2111
$9292

Cost of living in other countries

Cost of living

Cities Comparison in Jamaica vs Panama

More countries to compare

Cost of Living in Popular cities

In Jamaica

City Cost of living Population
Kingston
$1325
580K
Spanish Town
$783
131K
Half Way Tree
$1165
96.5K
Montego Bay
$1018
124K
May Pen
$821
61.5K
Mandeville
$978
48.3K
Old Harbour
$849
28.7K
Linstead
$1046
22.8K
Savanna-la-Mar
$1123
22.6K
Port Antonio
$1143
14.8K

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