Libya vs Panama - Cost of Living Comparison

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Livingcost

Libya Panama
🚶 Cost of living one person
$401
$1456
👨‍👩‍👧‍👦 Cost of living Family
$971
$3291
🏠 One person rent
$154
$836
🏘️ Family rent
$253
$1343
🍽️ Food expenses
$147
$436
🚐 Transport expenses
$49.2
$84.4
💳 Monthly salary after tax
$285
$921
💸 GDP per capita
$6569
$19161
😃 Human freedom index
4.67
7.92
❤️ Life expectancy
69.3
79.6
👮 Corruption perceptions index
13
33
🌐 English speaking %
2%
14%
🎓 Higher education
35
44
😀 Quality of life
30
62
🏙️ Population
7.38M
4.52M

The average cost of living in Libya ($401) is 72% less expensive than in Panama ($1456). Libya ranked 195th vs 41st 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 Libya compared to 0.6 months in Panama. Ranked 152nd and 67th best countries to live in the world.

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the estimated difference in money purchasing power

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Prices in Libya vs Panama

We calculate prices for Libya and Panama as a population-weighted mean of 13 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.

Libya Panama
Eating Out
🍱 Lunch Menu
$3.11
$9.21
🥂 Dinner in a Restaurant, for 2
$11.6
$44.5
🥪 Fast food meal, equiv. McDonald's
$2.71
$7.92
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.61
$2.88
 Cappuccino
$0.48
$4.2
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.46
$1.81
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$191
$907
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$97.2
$643
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$393
$1639
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$208
$1054
🔌 Utility Bill one person, electricity, heating, water, etc.
$20.1
$91
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$31.4
$141
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$22.4
$45
🏦 Mortgage Interest Rate for 20 Years
20.05%
6.31%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$528
$3024
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$219
$1699
Transportation
🚌 Local transport ticket
$0.54
$0.39
🎟️ Monthly ticket local transport
$31.3
$26.1
🚕 Taxi Ride, 8 km or 5 mi
$7.17
$15.8
 Gas / Petrol, 1 L or 0.26 gal
$0.41
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$0.84
$1.82
🍞 Bread, 0.5 kg or 1.1 lb
$0.2
$2.22
🍚 Rice, 1 kg or 2.2 lb
$1.14
$2.43
🥚 Eggs, x12
$1.27
$3.03
🧀 Cheese, 1 kg or 2.2 lb
$4.77
$11.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$3
$6.77
🥩 Round Steak, 1 kg or 2.2 lb
$10
$10.6
🍏 Apples, 1 kg or 2.2 lb
$2.04
$3.61
🍌 Banana, 1 kg or 2.2 lb
$1.46
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$0.82
$3.69
🍅 Tomato, 1 kg or 2.2 lb
$0.57
$3.4
🥔 Potato, 1 kg or 2.2 lb
$0.7
$2.68
🧅 Onion, 1 kg or 2.2 lb
$0.53
$3.13
🌊 Water, 1 L or 1 qt
$0.13
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.57
$2.35
🍾 Wine (mid-priced), 750 mL bottle
$1.3
$11.5
🍺 Beer, 0.5 L or 16 fl oz
$0.72
$1.31
🚬 Cigarette pack
$1.8
$5.97
💊 Cold medicince, 1 week
$4.84
$9.72
🧴 Hair Shampoo
$0.99
$7.05
🧻 Toilet paper, 4 rolls
$0.56
$2.8
👄 Toothpaste, 1 tube
$0.64
$2.76
Other
🏋️ Gym Membership, 1 month
$17.5
$38.6
🎫 Cinema Ticket, 1 person
$4.02
$7.37
👩‍⚕️ Doctor's visit
$30.4
$41.6
💇 Haircut, simple
$1.7
$12.9
👖 Brand Jeans
$23.9
$56.9
👟 Brand Sneakers
$47.8
$87.8
👶 Daycare or Preschool, 1 month
$57.8
$503
🏫 International Primary School, 1 year
$865
$10794

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Libya

City Cost of living Population
Misrata
$378
881K
Tripoli
$478
1.29M
Benghazi
$378
632K
Ajdabiya
$366
416K
Al-Khums
$376
202K
Zawiya
$313
199K
Tobruk
$360
136K
Gharyan
$364
123K
Sabha
$360
99K
Sabratha
$355
102K
Derna
$358
90K
Zuwarah
$353
80.3K
Yafran
$377
72.7K

In Panama

City Cost of living Population
Panama City
$1590
1.54M
Colon
$1185
242K
Tocumen
$1373
103K
Santiago de Veraguas
$1112
110K
La Chorrera
$982
68.9K
David
$909
82.9K
Pacora
$1361
52.5K
Penonome
$1147
21.7K
Balboa
$1396
10K
Chitre
$1144
9.02K