Norway vs Panama - Cost of Living Comparison

Updated:

Livingcost

Norway Panama
🚶 Cost of living one person
$1954
$1323
👨‍👩‍👧‍👦 Cost of living Family
$4349
$3204
🏠 One person rent
$1040
$721
🏘️ Family rent
$1738
$1275
🍽️ Food expenses
$647
$435
🚐 Transport expenses
$112
$66.2
💳 Monthly salary after tax
$3389
$894
💸 GDP per capita
$87925
$18686
😃 Human freedom index
8.73
8
❤️ Life expectancy
82.6
76.8
👮 Corruption perceptions index
81
33
🌐 English speaking %
87.6%
14%
🎓 Higher education
94
47
😀 Quality of life
92
55
🏙️ Population
5.55M
4.1M

The average cost of living in Norway ($1954) is 48% more expensive than in Panama ($1323). Norway ranked 16th vs 44th 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 1.7 months in Norway compared to 0.7 months in Panama. Ranked 9th and 69th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Norway vs Panama infographic

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Prices in Norway vs Panama

We calculate prices for Norway and Panama as a population-weighted mean of 33 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.

Norway Panama
Eating Out
🍱 Lunch Menu
$20.3
$9.43
🥂 Dinner in a Restaurant, for 2
$92.3
$47.5
🥪 Fast food meal, equiv. McDonald's
$12.6
$7.88
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$9.46
$2.86
 Cappuccino
$4.56
$3.78
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.23
$1.64
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1045
$748
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$815
$554
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1809
$1451
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1410
$1015
🔌 Utility Bill one person, electricity, heating, water, etc.
$129
$82
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$197
$127
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$51
$46
🏦 Mortgage Interest Rate for 20 Years
4.35%
6.34%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6419
$2471
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4662
$1596
Transportation
🚌 Local transport ticket
$3.65
$0.46
🎟️ Monthly ticket local transport
$70.2
$28.1
🚕 Taxi Ride, 8 km or 5 mi
$25.3
$15.1
 Gas / Petrol, 1 L or 0.26 gal
$1.95
$1.01
Groceries
🥛 Milk, 1 L or 1 qt
$2.04
$1.79
🍞 Bread, 0.5 kg or 1.1 lb
$3
$2.28
🍚 Rice, 1 kg or 2.2 lb
$2.87
$2.48
🥚 Eggs, x12
$4.05
$2.77
🧀 Cheese, 1 kg or 2.2 lb
$11
$12
🐔 Chicken Breast, 1 kg or 2.2 lb
$13.5
$7.24
🥩 Round Steak, 1 kg or 2.2 lb
$24.6
$9.54
🍏 Apples, 1 kg or 2.2 lb
$3.02
$3.58
🍌 Banana, 1 kg or 2.2 lb
$2.26
$1.58
🍊 Oranges, 1 kg or 2.2 lb
$2.95
$2.89
🍅 Tomato, 1 kg or 2.2 lb
$4.26
$2.93
🥔 Potato, 1 kg or 2.2 lb
$2.17
$2.27
🧅 Onion, 1 kg or 2.2 lb
$2.36
$2.78
🌊 Water, 1 L or 1 qt
$1.25
$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.23
$2.3
🍾 Wine (mid-priced), 750 mL bottle
$15.2
$9.69
🍺 Beer, 0.5 L or 16 fl oz
$3.03
$1.22
🚬 Cigarette pack
$13.8
$5.98
💊 Cold medicince, 1 week
$6.96
$12.9
🧴 Hair Shampoo
$3.93
$6.69
🧻 Toilet paper, 4 rolls
$2.5
$3.06
👄 Toothpaste, 1 tube
$2.4
$3.1
Other
🏋️ Gym Membership, 1 month
$45.4
$39.8
🎫 Cinema Ticket, 1 person
$14.6
$7.1
👩‍⚕️ Doctor's visit
$50.1
$49.2
💇 Haircut, simple
$33.2
$10.9
👖 Brand Jeans
$90.3
$53.9
👟 Brand Sneakers
$104
$88.4
👶 Daycare or Preschool, 1 month
$259
$475
🏫 International Primary School, 1 year
$7788
$13168

Cost of living in other countries

Cost of living

Cities Comparison in Norway vs Panama

More countries to compare

Cost of Living in Popular cities

In Norway

City Cost of living Population
Oslo
$2292
709K
Bergen
$2006
291K
Trondheim
$2137
213K
Baerum
$1872
130K
Stavanger
$2049
146K
Drammen
$1627
105K
Asker
$1930
100K
Lillestrom
$1945
94.2K
Sandnes
$1709
82.5K
Tromso
$2196
78K
Fredrikstad
$1977
84.4K
Tonsberg
$1714
58.6K
Moss
$1707
51.2K
Kristiansand
$1326
64.1K
Alesund
$1603
52.2K
Skien
$1651
55.9K
Karmoy
$1457
42.9K
Sarpsborg
$1500
59K
Sandefjord
$1864
44.4K
Bodo
$1673
41.7K
Arendal
$1623
37.8K
Hamar
$1764
27.9K
Molde
$1813
32.4K
Porsgrunn
$1528
37.1K
Halden
$1575
31.7K
Gjovik
$1722
30.6K
Kongsberg
$1747
28.8K
Jessheim
$1838
23.9K
Kristiansund
$1700
24.2K
Harstad
$1937
25.1K

In Panama

City Cost of living Population
Panama City
$1479
881K
Colon
$1172
242K
Tocumen
$1310
103K
Santiago de Veraguas
$1089
89K
La Chorrera
$957
68.9K
Balboa
$1328
62.9K
David
$890
82.9K
Chitre
$1117
60.5K
Pacora
$1304
52.5K
Penonome
$1116
21.7K