Norway vs Panama - Cost of Living Comparison

Updated:

Livingcost

Norway Panama
🚶 Cost of living one person
$1924
$1198
👨‍👩‍👧‍👦 Cost of living Family
$4307
$2872
🏠 One person rent
$1035
$624
🏘️ Family rent
$1756
$1080
🍽️ Food expenses
$634
$416
🚐 Transport expenses
$108
$61.7
💳 Monthly salary after tax
$3417
$895
💸 GDP per capita
$106K
$17358
😃 Human freedom index
8.58
7.57
❤️ Life expectancy
83.2
76.2
👮 Corruption perceptions index
84
35
🌐 English speaking %
87.6%
14%
🎓 Higher education
94
46
😀 Quality of life
94
56
🏙️ Population
5.5M
4.1M

The average cost of living in Norway ($1924) is 61% more expensive than in Panama ($1198). Norway ranked 17th 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 1.8 months in Norway compared to 0.7 months in Panama. Ranked 5th and 71st 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
$18.7
$9.95
🥂 Dinner in a Restaurant, for 2
$87.6
$48.7
🥪 Fast food meal, equiv. McDonald's
$12
$7.78
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$9.44
$2.46
 Cappuccino
$4.4
$3.95
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.95
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1082
$712
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$805
$447
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1803
$1430
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1439
$794
🔌 Utility Bill one person, electricity, heating, water, etc.
$124
$78.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$191
$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$51.9
$47.1
🏦 Mortgage Interest Rate for 20 Years
3.78%
6.05%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6395
$2303
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4631
$1386
Transportation
🚌 Local transport ticket
$3.67
$0.4
🎟️ Monthly ticket local transport
$72.8
$28.6
🚕 Taxi Ride, 8 km or 5 mi
$23.4
$13
 Gas / Petrol, 1 L or 0.26 gal
$2.02
$1.08
Groceries
🥛 Milk, 1 L or 1 qt
$2.05
$1.73
🍞 Bread, 0.5 kg or 1.1 lb
$3.11
$2.21
🍚 Rice, 1 kg or 2.2 lb
$2.94
$1.93
🥚 Eggs, x12
$3.94
$2.59
🧀 Cheese, 1 kg or 2.2 lb
$11.2
$11.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$13.2
$7.31
🥩 Round Steak, 1 kg or 2.2 lb
$27.1
$8.61
🍏 Apples, 1 kg or 2.2 lb
$3
$3.02
🍌 Banana, 1 kg or 2.2 lb
$2.17
$1.36
🍊 Oranges, 1 kg or 2.2 lb
$2.85
$2.82
🍅 Tomato, 1 kg or 2.2 lb
$4.25
$2.86
🥔 Potato, 1 kg or 2.2 lb
$2.13
$2.14
🧅 Onion, 1 kg or 2.2 lb
$2.31
$2.02
🌊 Water, 1 L or 1 qt
$1.36
$0.96
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.64
$2.52
🍾 Wine (mid-priced), 750 mL bottle
$14.8
$9.18
🍺 Beer, 0.5 L or 16 fl oz
$3.17
$1.14
🚬 Cigarette pack
$13.9
$6.14
💊 Cold medicince, 1 week
$7
$11.2
🧴 Hair Shampoo
$4.08
$6.03
🧻 Toilet paper, 4 rolls
$2.6
$3.11
👄 Toothpaste, 1 tube
$2.46
$3.07
Other
🏋️ Gym Membership, 1 month
$43.1
$38.1
🎫 Cinema Ticket, 1 person
$14.3
$6.71
👩‍⚕️ Doctor's visit
$46.1
$45.4
💇 Haircut, simple
$33.8
$11.5
👖 Brand Jeans
$84.9
$53.7
👟 Brand Sneakers
$95.4
$81.7
👶 Daycare or Preschool, 1 month
$305
$408
🏫 International Primary School, 1 year
$7624
$9399

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
$2197
709K
Bergen
$1991
267K
Trondheim
$1976
195K
Baerum
$1747
130K
Stavanger
$2129
145K
Asker
$2077
97.8K
Drammen
$1626
102K
Lillestrom
$1805
91.5K
Sandnes
$1912
81.3K
Tromso
$2086
77.5K
Fredrikstad
$1936
83.9K
Tonsberg
$1705
57.8K
Kristiansand
$1718
64.1K
Alesund
$1539
52.2K
Skien
$1569
55.5K
Karmoy
$1671
42.9K
Sarpsborg
$1471
58.2K
Moss
$1781
50.3K
Sandefjord
$1715
44.4K
Bodo
$1768
41.7K
Arendal
$1575
37.8K
Porsgrunn
$1554
36.6K
Halden
$1585
31.4K
Molde
$1928
32K
Gjovik
$1637
30.6K
Hamar
$1767
27.9K
Jessheim
$1747
21.6K
Kongsberg
$1835
27.9K
Kristiansund
$1632
24K
Larvik
$1723
24.6K

In Panama

City Cost of living Population
Panama City
$1316
881K
Colon
$1157
242K
Tocumen
$1171
103K
Santiago de Veraguas
$961
89K
David
$789
82.9K
La Chorrera
$917
68.9K
Balboa
$1189
62.9K
Pacora
$1182
52.5K
Chitre
$980
46.2K
Penonome
$940
21.7K