Jamaica vs Panama - Cost of Living Comparison

Updated:

Livingcost

Jamaica Panama
🚶 Cost of living one person
$1310
$1324
👨‍👩‍👧‍👦 Cost of living Family
$3021
$3050
🏠 One person rent
$621
$742
🏘️ Family rent
$1041
$1185
🍽️ Food expenses
$480
$427
🚐 Transport expenses
$123
$59.6
💳 Monthly salary after tax
$575
$850
💸 GDP per capita
$7754
$19161
😃 Human freedom index
7.89
7.92
❤️ Life expectancy
71.5
79.6
👮 Corruption perceptions index
44
33
🌐 English speaking %
97.6%
14%
🎓 Higher education
70
44
😀 Quality of life
43
60
🏙️ Population
2.84M
4.52M

The average cost of living in Jamaica ($1310) is 1% less expensive than in Panama ($1324). Jamaica ranked 54th 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 0.4 months in Jamaica compared to 0.6 months in Panama. Ranked 122nd and 70th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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
$9.03
$9.11
🥂 Dinner in a Restaurant, for 2
$83.8
$43.4
🥪 Fast food meal, equiv. McDonald's
$8.22
$7.14
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.25
$2.84
 Cappuccino
$4.73
$3.73
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.28
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$701
$787
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$400
$563
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1598
$1416
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1086
$956
🔌 Utility Bill one person, electricity, heating, water, etc.
$98.7
$88.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$152
$136
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$50.3
$46.3
🏦 Mortgage Interest Rate for 20 Years
9.47%
6.36%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2688
$2983
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2215
$1713
Transportation
🚌 Local transport ticket
$0.81
$0.43
🎟️ Monthly ticket local transport
$48.8
$29.7
🚕 Taxi Ride, 8 km or 5 mi
$26.7
$18.7
 Gas / Petrol, 1 L or 0.26 gal
$1.24
$1
Groceries
🥛 Milk, 1 L or 1 qt
$3.95
$1.82
🍞 Bread, 0.5 kg or 1.1 lb
$3.6
$2.35
🍚 Rice, 1 kg or 2.2 lb
$1.67
$2.53
🥚 Eggs, x12
$3.55
$3.07
🧀 Cheese, 1 kg or 2.2 lb
$11.6
$10.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.56
$6.37
🥩 Round Steak, 1 kg or 2.2 lb
$7.67
$9.68
🍏 Apples, 1 kg or 2.2 lb
$5.72
$3.5
🍌 Banana, 1 kg or 2.2 lb
$3.15
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$4.53
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$2.96
$2.97
🥔 Potato, 1 kg or 2.2 lb
$2.1
$2.47
🧅 Onion, 1 kg or 2.2 lb
$1.84
$3.68
🌊 Water, 1 L or 1 qt
$0.99
$1.15
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.88
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$12
$10.3
🍺 Beer, 0.5 L or 16 fl oz
$2.82
$1.37
🚬 Cigarette pack
$9.16
$6.01
💊 Cold medicince, 1 week
$6.84
$11.4
🧴 Hair Shampoo
$6.47
$6.18
🧻 Toilet paper, 4 rolls
$3.43
$2.7
👄 Toothpaste, 1 tube
$1.71
$2.45
Other
🏋️ Gym Membership, 1 month
$59.6
$35.9
🎫 Cinema Ticket, 1 person
$13.2
$7.16
👩‍⚕️ Doctor's visit
$26.4
$42.4
💇 Haircut, simple
$7.92
$11.2
👖 Brand Jeans
$23.1
$50.2
👟 Brand Sneakers
$67.8
$85.8
👶 Daycare or Preschool, 1 month
$228
$501
🏫 International Primary School, 1 year
$4841
$12647

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
$1461
938K
Spanish Town
$835
131K
Half Way Tree
$1289
96.5K
Montego Bay
$1096
124K
May Pen
$970
61.5K
Old Harbour
$1077
28.7K
Mandeville
$1018
48.3K
Linstead
$1109
22.8K
Savanna-la-Mar
$1196
22.6K
Port Antonio
$1234
14.8K

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