Marshall Islands vs Panama - Cost of Living Comparison

Updated:

Livingcost

Marshall Islands Panama
🚶 Cost of living one person
$1497
$1277
👨‍👩‍👧‍👦 Cost of living Family
$2937
$3023
🏠 One person rent
$955
$693
🏘️ Family rent
$1416
$1127
🍽️ Food expenses
$432
$426
🚐 Transport expenses
$45.3
$60.1
💳 Monthly salary after tax
$997
$854
💸 GDP per capita
$7467
$19103
😃 Human freedom index
6.2
8
❤️ Life expectancy
66.9
79.6
👮 Corruption perceptions index
64
33
🌐 English speaking %
98.3%
14%
🎓 Higher education
1
47
😀 Quality of life
48
57
🏙️ Population
53.1K
4.57M

The average cost of living in the Marshall Islands ($1497) is 17% more expensive than in Panama ($1277). the Marshall Islands ranked 37th 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 0.7 months in the Marshall Islands compared to 0.7 months in Panama. Ranked 85th and 69th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Marshall Islands vs Panama infographic

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Prices in the Marshall Islands vs Panama

We calculate prices for the Marshall Islands and Panama as a population-weighted mean of 2 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.

Marshall Islands Panama
Eating Out
🍱 Lunch Menu
$13.8
$9.37
🥂 Dinner in a Restaurant, for 2
$29.8
$43.5
🥪 Fast food meal, equiv. McDonald's
$10.5
$7.75
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$4.54
$2.8
 Cappuccino
$4.06
$3.77
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.81
$1.68
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$692
$726
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$747
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1393
$1317
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1081
$866
🔌 Utility Bill one person, electricity, heating, water, etc.
$152
$86
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$233
$132
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$67.7
$46.1
🏦 Mortgage Interest Rate for 20 Years
10.71%
6.38%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1375
$2547
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$991
$1606
Transportation
🚌 Local transport ticket
$2.48
$0.48
🎟️ Monthly ticket local transport
$28.3
$30.2
🚕 Taxi Ride, 8 km or 5 mi
$14.6
$19.1
 Gas / Petrol, 1 L or 0.26 gal
$1.7
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$2.27
$1.81
🍞 Bread, 0.5 kg or 1.1 lb
$3.39
$2.3
🍚 Rice, 1 kg or 2.2 lb
$1.79
$2.35
🥚 Eggs, x12
$4.02
$2.89
🧀 Cheese, 1 kg or 2.2 lb
$7.94
$11
🐔 Chicken Breast, 1 kg or 2.2 lb
$11
$7.21
🥩 Round Steak, 1 kg or 2.2 lb
$18.3
$9.25
🍏 Apples, 1 kg or 2.2 lb
$4.36
$3.43
🍌 Banana, 1 kg or 2.2 lb
$1.4
$1.52
🍊 Oranges, 1 kg or 2.2 lb
$1.57
$2.81
🍅 Tomato, 1 kg or 2.2 lb
$1.44
$2.95
🥔 Potato, 1 kg or 2.2 lb
$1.15
$2.34
🧅 Onion, 1 kg or 2.2 lb
$1.14
$2.82
🌊 Water, 1 L or 1 qt
$1.02
$1.1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.62
$2.36
🍾 Wine (mid-priced), 750 mL bottle
$10
$9.85
🍺 Beer, 0.5 L or 16 fl oz
$1.41
$1.25
🚬 Cigarette pack
$3.03
$5.99
💊 Cold medicince, 1 week
$5.08
$12.7
🧴 Hair Shampoo
$3.57
$6.13
🧻 Toilet paper, 4 rolls
$1.57
$2.68
👄 Toothpaste, 1 tube
$1.41
$2.45
Other
🏋️ Gym Membership, 1 month
$33.3
$37
🎫 Cinema Ticket, 1 person
$5.43
$7.08
👩‍⚕️ Doctor's visit
$30.8
$47.2
💇 Haircut, simple
$8.06
$11.1
👖 Brand Jeans
$45.7
$51.2
👟 Brand Sneakers
$34.9
$86.3
👶 Daycare or Preschool, 1 month
$151
$478
🏫 International Primary School, 1 year
$3591
$14852

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In the Marshall Islands

City Cost of living Population
Majuro
$1498
30K
Djarrit
$1494
7.1K

In Panama

City Cost of living Population
Panama City
$1514
410K
Colon
$1173
242K
Tocumen
$1342
103K
Santiago de Veraguas
$1101
110K
La Chorrera
$965
68.9K
David
$921
82.9K
Chitre
$1132
60.5K
Pacora
$1332
52.5K
Penonome
$1131
21.7K
Balboa
$1361
10K