Panama vs Portugal - Cost of Living Comparison

Updated:

Livingcost

Panama Portugal
🚶 Cost of living one person
$1198
$1286
👨‍👩‍👧‍👦 Cost of living Family
$2872
$3012
🏠 One person rent
$624
$763
🏘️ Family rent
$1080
$1365
🍽️ Food expenses
$416
$354
🚐 Transport expenses
$61.7
$49.9
💳 Monthly salary after tax
$895
$1186
💸 GDP per capita
$17358
$24515
😃 Human freedom index
7.57
8.27
❤️ Life expectancy
76.2
81.1
👮 Corruption perceptions index
35
61
🌐 English speaking %
14%
27.3%
🎓 Higher education
46
88
😀 Quality of life
56
75
🏙️ Population
4.1M
10.3M

The average cost of living in Panama ($1198) is 7% less expensive than in Portugal ($1286). Panama ranked 53rd vs 44th for Portugal 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 0.9 months in Portugal. Ranked 71st and 37th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Panama vs Portugal infographic

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Prices in Panama vs Portugal

We calculate prices for Panama and Portugal as a population-weighted mean of 10 and 124 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 Portugal
Eating Out
🍱 Lunch Menu
$9.95
$10.7
🥂 Dinner in a Restaurant, for 2
$48.7
$41.7
🥪 Fast food meal, equiv. McDonald's
$7.78
$8.27
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.46
$2.35
 Cappuccino
$3.95
$1.89
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.75
$1.67
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$712
$790
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$447
$606
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1430
$1458
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$794
$1138
🔌 Utility Bill one person, electricity, heating, water, etc.
$78.8
$79.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$121
$123
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$47.1
$41
🏦 Mortgage Interest Rate for 20 Years
6.05%
4.5%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2303
$3036
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1386
$2153
Transportation
🚌 Local transport ticket
$0.4
$2.09
🎟️ Monthly ticket local transport
$28.6
$40.1
🚕 Taxi Ride, 8 km or 5 mi
$13
$10.1
 Gas / Petrol, 1 L or 0.26 gal
$1.08
$1.93
Groceries
🥛 Milk, 1 L or 1 qt
$1.73
$1
🍞 Bread, 0.5 kg or 1.1 lb
$2.21
$1.42
🍚 Rice, 1 kg or 2.2 lb
$1.93
$1.4
🥚 Eggs, x12
$2.59
$2.98
🧀 Cheese, 1 kg or 2.2 lb
$11.1
$10.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.31
$7.09
🥩 Round Steak, 1 kg or 2.2 lb
$8.61
$12.1
🍏 Apples, 1 kg or 2.2 lb
$3.02
$2.07
🍌 Banana, 1 kg or 2.2 lb
$1.36
$1.34
🍊 Oranges, 1 kg or 2.2 lb
$2.82
$1.76
🍅 Tomato, 1 kg or 2.2 lb
$2.86
$2.32
🥔 Potato, 1 kg or 2.2 lb
$2.14
$1.48
🧅 Onion, 1 kg or 2.2 lb
$2.02
$1.78
🌊 Water, 1 L or 1 qt
$0.96
$0.53
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.52
$2.18
🍾 Wine (mid-priced), 750 mL bottle
$9.18
$4.87
🍺 Beer, 0.5 L or 16 fl oz
$1.14
$1.19
🚬 Cigarette pack
$6.14
$5.5
💊 Cold medicince, 1 week
$11.2
$6.76
🧴 Hair Shampoo
$6.03
$5.23
🧻 Toilet paper, 4 rolls
$3.11
$2.37
👄 Toothpaste, 1 tube
$3.07
$2.52
Other
🏋️ Gym Membership, 1 month
$38.1
$38.9
🎫 Cinema Ticket, 1 person
$6.71
$7.7
👩‍⚕️ Doctor's visit
$45.4
$71.6
💇 Haircut, simple
$11.5
$14.2
👖 Brand Jeans
$53.7
$72
👟 Brand Sneakers
$81.7
$80.6
👶 Daycare or Preschool, 1 month
$408
$413
🏫 International Primary School, 1 year
$9399
$7880

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 Portugal

City Cost of living Population
Lisbon
$1694
546K
Sintra
$1463
378K
Cascais
$1682
206K
Porto
$1386
238K
Matosinhos
$1436
175K
Vila Nova de Gaia
$1258
302K
Loures
$1408
205K
Odivelas
$1415
145K
Seixal
$1295
158K
Oeiras
$1423
172K
Gondomar
$1314
168K
Almada
$1674
177K
Braga
$1217
181K
Amadora
$1379
175K
Coimbra
$1178
143K
Santa Maria da Feira
$1119
139K
Guimaraes
$1251
158K
Leiria
$1329
127K
Vila Nova de Famalicao
$1134
134K
Vila do Conde
$925
79.5K
Maia
$1504
135K
Funchal
$1009
112K
Setubal
$1356
123K
Valongo
$1307
93.9K
Amora
$1240
48.6K
Sesimbra
$1310
52.5K
Vila Franca de Xira
$1204
137K
Barcelos
$829
120K
Mafra
$1360
76.7K
Agualva-Cacem
$1381
81.8K