Panama vs Slovakia - Cost of Living Comparison

Updated:

Livingcost

Panama Slovakia
🚶 Cost of living one person
$1323
$1146
👨‍👩‍👧‍👦 Cost of living Family
$3204
$2665
🏠 One person rent
$721
$637
🏘️ Family rent
$1275
$1064
🍽️ Food expenses
$435
$356
🚐 Transport expenses
$66.2
$51.7
💳 Monthly salary after tax
$894
$1273
💸 GDP per capita
$18686
$24491
😃 Human freedom index
8
8.2
❤️ Life expectancy
76.8
77.1
👮 Corruption perceptions index
33
49
🌐 English speaking %
14%
25.9%
🎓 Higher education
47
76
😀 Quality of life
55
70
🏙️ Population
4.1M
5.45M

The average cost of living in Panama ($1323) is 15% more expensive than in Slovakia ($1146). Panama ranked 44th vs 61st for Slovakia 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 1.1 months in Slovakia. Ranked 69th and 43rd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Panama vs Slovakia infographic

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Prices in Panama vs Slovakia

We calculate prices for Panama and Slovakia as a population-weighted mean of 10 and 23 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 Slovakia
Eating Out
🍱 Lunch Menu
$9.43
$8.35
🥂 Dinner in a Restaurant, for 2
$47.5
$42.5
🥪 Fast food meal, equiv. McDonald's
$7.88
$8.32
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.86
$2.19
 Cappuccino
$3.78
$2.61
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.64
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$748
$574
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$554
$459
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1451
$1030
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1015
$785
🔌 Utility Bill one person, electricity, heating, water, etc.
$82
$138
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$127
$213
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46
$17
🏦 Mortgage Interest Rate for 20 Years
6.34%
4.3%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2471
$3801
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1596
$2864
Transportation
🚌 Local transport ticket
$0.46
$1.08
🎟️ Monthly ticket local transport
$28.1
$29
🚕 Taxi Ride, 8 km or 5 mi
$15.1
$12.5
 Gas / Petrol, 1 L or 0.26 gal
$1.01
$1.63
Groceries
🥛 Milk, 1 L or 1 qt
$1.79
$1.07
🍞 Bread, 0.5 kg or 1.1 lb
$2.28
$1.3
🍚 Rice, 1 kg or 2.2 lb
$2.48
$1.61
🥚 Eggs, x12
$2.77
$3.44
🧀 Cheese, 1 kg or 2.2 lb
$12
$12.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.24
$7.15
🥩 Round Steak, 1 kg or 2.2 lb
$9.54
$11.2
🍏 Apples, 1 kg or 2.2 lb
$3.58
$1.67
🍌 Banana, 1 kg or 2.2 lb
$1.58
$1.75
🍊 Oranges, 1 kg or 2.2 lb
$2.89
$2.15
🍅 Tomato, 1 kg or 2.2 lb
$2.93
$3.73
🥔 Potato, 1 kg or 2.2 lb
$2.27
$1.37
🧅 Onion, 1 kg or 2.2 lb
$2.78
$1.49
🌊 Water, 1 L or 1 qt
$1.07
$0.54
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.3
$1.76
🍾 Wine (mid-priced), 750 mL bottle
$9.69
$5.31
🍺 Beer, 0.5 L or 16 fl oz
$1.22
$0.97
🚬 Cigarette pack
$5.98
$5.35
💊 Cold medicince, 1 week
$12.9
$8.13
🧴 Hair Shampoo
$6.69
$3.33
🧻 Toilet paper, 4 rolls
$3.06
$1.39
👄 Toothpaste, 1 tube
$3.1
$2.53
Other
🏋️ Gym Membership, 1 month
$39.8
$39.2
🎫 Cinema Ticket, 1 person
$7.1
$9.04
👩‍⚕️ Doctor's visit
$49.2
$33
💇 Haircut, simple
$10.9
$15.1
👖 Brand Jeans
$53.9
$67.5
👟 Brand Sneakers
$88.4
$77.5
👶 Daycare or Preschool, 1 month
$475
$432
🏫 International Primary School, 1 year
$13168
$8484

Cost of living in other countries

Cost of living

$349

$907

$6.64K

More countries to compare

Cost of Living in Popular cities

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

In Slovakia

City Cost of living Population
Bratislava
$1275
476K
Kosice
$1260
229K
Petrzalka
$1202
114K
Nitra
$1039
77.6K
Zilina
$1046
82.7K
Presov
$947
84.8K
Trnava
$1181
63.8K
Martin
$1039
51.1K
Banska Bystrica
$1080
76K
Trencin
$1118
54.7K
Prievidza
$892
45K
Zvolen
$1237
39.8K
Povazska Bystrica
$1085
37.7K
Poprad
$1108
49.9K
Liptovsky Mikulas
$1041
30.5K
Nove Zamky
$1019
37.8K
Michalovce
$1067
36.7K
Spisska Nova Ves
$988
35.4K
Komarno
$1045
32.3K
Ruzomberok
$1050
27.4K
Levice
$987
32K
Lucenec
$922
25.9K
Piestany
$935
26.7K