Montenegro vs Panama - Cost of Living Comparison

Updated:

Livingcost

Montenegro Panama
🚶 Cost of living one person
$1068
$1307
👨‍👩‍👧‍👦 Cost of living Family
$2539
$3027
🏠 One person rent
$549
$716
🏘️ Family rent
$943
$1116
🍽️ Food expenses
$385
$426
🚐 Transport expenses
$38.1
$65.8
💳 Monthly salary after tax
$1001
$875
💸 GDP per capita
$12935
$19103
😃 Human freedom index
7.77
8
❤️ Life expectancy
77.6
79.6
👮 Corruption perceptions index
46
33
🌐 English speaking %
26%
14%
🎓 Higher education
63
47
😀 Quality of life
64
60
🏙️ Population
624K
4.52M

The average cost of living in Montenegro ($1068) is 18% less expensive than in Panama ($1307). Montenegro ranked 84th 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 0.9 months in Montenegro compared to 0.7 months in Panama. Ranked 58th and 68th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Montenegro vs Panama infographic

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Prices in Montenegro vs Panama

We calculate prices for Montenegro and Panama as a population-weighted mean of 9 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.

Montenegro Panama
Eating Out
🍱 Lunch Menu
$11.6
$9.09
🥂 Dinner in a Restaurant, for 2
$44.3
$43.6
🥪 Fast food meal, equiv. McDonald's
$9.45
$7.82
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.01
$2.81
 Cappuccino
$2.46
$3.77
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.35
$1.65
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$549
$753
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$416
$537
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1104
$1277
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$814
$854
🔌 Utility Bill one person, electricity, heating, water, etc.
$75.3
$89.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$116
$138
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$31.3
$46.1
🏦 Mortgage Interest Rate for 20 Years
5.37%
6.42%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2755
$2616
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2128
$1606
Transportation
🚌 Local transport ticket
$1.39
$0.43
🎟️ Monthly ticket local transport
$33
$30.4
🚕 Taxi Ride, 8 km or 5 mi
$8.84
$22.1
 Gas / Petrol, 1 L or 0.26 gal
$1.74
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$1.37
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$1.01
$2.36
🍚 Rice, 1 kg or 2.2 lb
$2.05
$2.31
🥚 Eggs, x12
$3.4
$2.97
🧀 Cheese, 1 kg or 2.2 lb
$9.48
$11.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.74
$7.08
🥩 Round Steak, 1 kg or 2.2 lb
$11.8
$9.26
🍏 Apples, 1 kg or 2.2 lb
$1.5
$3.55
🍌 Banana, 1 kg or 2.2 lb
$1.76
$1.51
🍊 Oranges, 1 kg or 2.2 lb
$1.61
$3.25
🍅 Tomato, 1 kg or 2.2 lb
$2.62
$2.99
🥔 Potato, 1 kg or 2.2 lb
$1.02
$2.36
🧅 Onion, 1 kg or 2.2 lb
$1.15
$3.2
🌊 Water, 1 L or 1 qt
$0.6
$1.11
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.36
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$6.56
$10.1
🍺 Beer, 0.5 L or 16 fl oz
$1.1
$1.31
🚬 Cigarette pack
$4.14
$5.92
💊 Cold medicince, 1 week
$9.32
$11.4
🧴 Hair Shampoo
$3.84
$6.16
🧻 Toilet paper, 4 rolls
$1.38
$2.71
👄 Toothpaste, 1 tube
$1.93
$2.46
Other
🏋️ Gym Membership, 1 month
$43.2
$35.7
🎫 Cinema Ticket, 1 person
$5.62
$7.18
👩‍⚕️ Doctor's visit
$33.2
$49.6
💇 Haircut, simple
$6.83
$11.4
👖 Brand Jeans
$78
$50.6
👟 Brand Sneakers
$97.7
$85.8
👶 Daycare or Preschool, 1 month
$329
$476
🏫 International Primary School, 1 year
$7775
$14818

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Montenegro

City Cost of living Population
Podgorica
$1047
151K
Ulcinj
$1107
19.9K
Cetinje
$967
14K
Budva
$1195
13.3K
Plav
$1111
13.8K
Bar
$1115
13.7K
Berane
$1107
11.1K
Mojkovac
$1164
3.59K
Kotor
$1261
961

In Panama

City Cost of living Population
Panama City
$1560
410K
Colon
$1188
242K
Tocumen
$1377
103K
Santiago de Veraguas
$1122
110K
La Chorrera
$981
68.9K
Chitre
$1150
60.5K
David
$925
82.9K
Pacora
$1371
52.5K
Penonome
$1150
21.7K
Balboa
$1400
10K