Panama vs Sri Lanka - Cost of Living Comparison

Updated:

Livingcost

Panama Sri Lanka
🚶 Cost of living one person
$1260
$547
👨‍👩‍👧‍👦 Cost of living Family
$3090
$1404
🏠 One person rent
$654
$193
🏘️ Family rent
$1202
$452
🍽️ Food expenses
$442
$283
🚐 Transport expenses
$67.1
$22.2
💳 Monthly salary after tax
$856
$225
💸 GDP per capita
$18662
$3828
😃 Human freedom index
7.57
6.13
❤️ Life expectancy
76.8
76.6
👮 Corruption perceptions index
35
34
🌐 English speaking %
14%
18.3%
🎓 Higher education
46
58
😀 Quality of life
55
43
🏙️ Population
4.1M
21.4M

The average cost of living in Panama ($1260) is 130% more expensive than in Sri Lanka ($547). Panama ranked 47th vs 175th for Sri Lanka 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 0.4 months in Sri Lanka. Ranked 71st and 100th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Panama vs Sri Lanka infographic

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Prices in Panama vs Sri Lanka

We calculate prices for Panama and Sri Lanka as a population-weighted mean of 10 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.

Panama Sri Lanka
Eating Out
🍱 Lunch Menu
$11.3
$2.97
🥂 Dinner in a Restaurant, for 2
$54.2
$22.1
🥪 Fast food meal, equiv. McDonald's
$7.61
$7.02
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.82
$2.02
 Cappuccino
$3.96
$2.42
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.88
$0.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$699
$203
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$483
$133
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1448
$693
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$928
$315
🔌 Utility Bill one person, electricity, heating, water, etc.
$80
$29.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$122
$45.2
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$47.6
$16.3
🏦 Mortgage Interest Rate for 20 Years
6.19%
17.65%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2352
$1620
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1504
$1424
Transportation
🚌 Local transport ticket
$0.4
$0.21
🎟️ Monthly ticket local transport
$30.2
$9
🚕 Taxi Ride, 8 km or 5 mi
$14.8
$3.11
 Gas / Petrol, 1 L or 0.26 gal
$1.05
$1.27
Groceries
🥛 Milk, 1 L or 1 qt
$1.77
$1.69
🍞 Bread, 0.5 kg or 1.1 lb
$2.23
$0.58
🍚 Rice, 1 kg or 2.2 lb
$2.26
$0.79
🥚 Eggs, x12
$2.67
$2.17
🧀 Cheese, 1 kg or 2.2 lb
$12.5
$12.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.36
$5.11
🥩 Round Steak, 1 kg or 2.2 lb
$9.88
$8.06
🍏 Apples, 1 kg or 2.2 lb
$3.32
$6.63
🍌 Banana, 1 kg or 2.2 lb
$1.54
$1.07
🍊 Oranges, 1 kg or 2.2 lb
$3.08
$5.49
🍅 Tomato, 1 kg or 2.2 lb
$2.92
$1.11
🥔 Potato, 1 kg or 2.2 lb
$2.23
$1.07
🧅 Onion, 1 kg or 2.2 lb
$2.51
$1.1
🌊 Water, 1 L or 1 qt
$1.01
$0.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.44
$1.33
🍾 Wine (mid-priced), 750 mL bottle
$8.84
$11.8
🍺 Beer, 0.5 L or 16 fl oz
$1.11
$1.8
🚬 Cigarette pack
$5.89
$8.87
💊 Cold medicince, 1 week
$12.1
$2.01
🧴 Hair Shampoo
$6.01
$2.4
🧻 Toilet paper, 4 rolls
$2.89
$2.23
👄 Toothpaste, 1 tube
$2.65
$0.84
Other
🏋️ Gym Membership, 1 month
$38.9
$12.5
🎫 Cinema Ticket, 1 person
$6.51
$3.26
👩‍⚕️ Doctor's visit
$45.6
$12.9
💇 Haircut, simple
$11.5
$3.63
👖 Brand Jeans
$53.1
$30.4
👟 Brand Sneakers
$86.4
$67.8
👶 Daycare or Preschool, 1 month
$438
$30.1
🏫 International Primary School, 1 year
$9292
$595

Cost of living in other countries

Cost of living

$356

$907

$7.37K

More countries to compare

Cost of Living in Popular cities

In Panama

City Cost of living Population
Panama City
$1384
881K
Colon
$1182
242K
Tocumen
$1231
103K
Santiago de Veraguas
$1056
89K
La Chorrera
$953
68.9K
Balboa
$1249
62.9K
David
$833
82.9K
Pacora
$1249
52.5K
Chitre
$1091
46.2K
Penonome
$1098
21.7K

In Sri Lanka

City Cost of living Population
Colombo
$636
753K
Gampaha
$428
191K
Kandy
$435
120K
Trincomalee
$534
99.1K
Beruwala
$549
165K
Negombo
$437
142K
Sri Jayawardenepura Kotte
$492
116K
Galle
$484
93.1K
Anuradhapura
$561
63.2K
Matara
$499
68.2K