Panama vs Papua New Guinea - Cost of Living Comparison

Updated:

Livingcost

Panama Papua New Guinea
🚶 Cost of living one person
$1198
$534
👨‍👩‍👧‍👦 Cost of living Family
$2872
$1326
🏠 One person rent
$624
$232
🏘️ Family rent
$1080
$427
🍽️ Food expenses
$416
$212
🚐 Transport expenses
$61.7
$33.2
💳 Monthly salary after tax
$895
$402
💸 GDP per capita
$17358
$3116
😃 Human freedom index
7.57
6.88
❤️ Life expectancy
76.2
65.4
👮 Corruption perceptions index
35
29
🌐 English speaking %
14%
70.4%
🎓 Higher education
46
35
😀 Quality of life
56
41
🏙️ Population
4.1M
8.94M

The average cost of living in Panama ($1198) is 124% more expensive than in Papua New Guinea ($534). Panama ranked 53rd vs 167th for Papua New Guinea 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 Panama compared to 0.8 months in Papua New Guinea. Ranked 71st and 123rd best countries to live in the world.

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the estimated difference in money purchasing power

Cost of living in Panama vs Papua New Guinea infographic

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Prices in Panama vs Papua New Guinea

We calculate prices for Panama and Papua New Guinea as a population-weighted mean of 10 and 2 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.

Panama Papua New Guinea
Eating Out
🍱 Lunch Menu
$9.95
$3.65
🥂 Dinner in a Restaurant, for 2
$48.7
$21
🥪 Fast food meal, equiv. McDonald's
$7.78
$4.75
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.46
$1.79
 Cappuccino
$3.95
$1.77
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.75
$0.64
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$712
$227
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$447
$149
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1430
$464
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$794
$308
🔌 Utility Bill one person, electricity, heating, water, etc.
$78.8
$40.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$121
$61.9
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$47.1
$26.7
🏦 Mortgage Interest Rate for 20 Years
6.05%
11.08%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2303
$1366
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1386
$818
Transportation
🚌 Local transport ticket
$0.4
$0.44
🎟️ Monthly ticket local transport
$28.6
$18.1
🚕 Taxi Ride, 8 km or 5 mi
$13
$7.06
 Gas / Petrol, 1 L or 0.26 gal
$1.08
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.73
$1.12
🍞 Bread, 0.5 kg or 1.1 lb
$2.21
$0.78
🍚 Rice, 1 kg or 2.2 lb
$1.93
$1.09
🥚 Eggs, x12
$2.59
$1.65
🧀 Cheese, 1 kg or 2.2 lb
$11.1
$6.97
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.31
$4.25
🥩 Round Steak, 1 kg or 2.2 lb
$8.61
$6.89
🍏 Apples, 1 kg or 2.2 lb
$3.02
$2.09
🍌 Banana, 1 kg or 2.2 lb
$1.36
$1.21
🍊 Oranges, 1 kg or 2.2 lb
$2.82
$1.53
🍅 Tomato, 1 kg or 2.2 lb
$2.86
$1.1
🥔 Potato, 1 kg or 2.2 lb
$2.14
$0.89
🧅 Onion, 1 kg or 2.2 lb
$2.02
$0.96
🌊 Water, 1 L or 1 qt
$0.96
$0.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.52
$1.26
🍾 Wine (mid-priced), 750 mL bottle
$9.18
$7.5
🍺 Beer, 0.5 L or 16 fl oz
$1.14
$1.38
🚬 Cigarette pack
$6.14
$2.77
💊 Cold medicince, 1 week
$11.2
$3.94
🧴 Hair Shampoo
$6.03
$3.03
🧻 Toilet paper, 4 rolls
$3.11
$1.53
👄 Toothpaste, 1 tube
$3.07
$1.25
Other
🏋️ Gym Membership, 1 month
$38.1
$22.6
🎫 Cinema Ticket, 1 person
$6.71
$4.42
👩‍⚕️ Doctor's visit
$45.4
$19.5
💇 Haircut, simple
$11.5
$4.48
👖 Brand Jeans
$53.7
$33
👟 Brand Sneakers
$81.7
$64.3
👶 Daycare or Preschool, 1 month
$408
$131
🏫 International Primary School, 1 year
$9399
$3792

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

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

In Papua New Guinea

City Cost of living Population
Port Moresby
$537
317K
Lae
$522
101K