Panama vs Taiwan - Cost of Living Comparison

Updated:

Livingcost

Panama Taiwan
🚶 Cost of living one person
$1277
$1102
👨‍👩‍👧‍👦 Cost of living Family
$3023
$2871
🏠 One person rent
$693
$448
🏘️ Family rent
$1127
$768
🍽️ Food expenses
$426
$428
🚐 Transport expenses
$60.1
$108
💳 Monthly salary after tax
$854
$1630
💸 GDP per capita
$19103
$24828
😃 Human freedom index
8
8.61
❤️ Life expectancy
79.6
79.1
👮 Corruption perceptions index
33
67
🌐 English speaking %
14%
30%
🎓 Higher education
47
89
😀 Quality of life
57
79
🏙️ Population
4.57M
23.4M

The average cost of living in Panama ($1277) is 16% more expensive than in Taiwan ($1102). Panama ranked 53rd vs 79th for Taiwan 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 1.5 months in Taiwan. Ranked 69th and 33rd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Panama vs Taiwan infographic

Share this infographic!

Prices in Panama vs Taiwan

We calculate prices for Panama and Taiwan as a population-weighted mean of 10 and 17 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 Taiwan
Eating Out
🍱 Lunch Menu
$9.37
$5.35
🥂 Dinner in a Restaurant, for 2
$43.5
$33.2
🥪 Fast food meal, equiv. McDonald's
$7.75
$5.7
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.8
$2.32
 Cappuccino
$3.77
$3.21
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.68
$1.12
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$726
$474
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$520
$341
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1317
$1227
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$866
$869
🔌 Utility Bill one person, electricity, heating, water, etc.
$86
$56.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$132
$86.5
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46.1
$23.9
🏦 Mortgage Interest Rate for 20 Years
6.38%
2.1%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2547
$9290
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1606
$5422
Transportation
🚌 Local transport ticket
$0.48
$0.79
🎟️ Monthly ticket local transport
$30.2
$35.1
🚕 Taxi Ride, 8 km or 5 mi
$19.1
$10.3
 Gas / Petrol, 1 L or 0.26 gal
$1.02
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.81
$3.44
🍞 Bread, 0.5 kg or 1.1 lb
$2.3
$1.9
🍚 Rice, 1 kg or 2.2 lb
$2.35
$3.01
🥚 Eggs, x12
$2.89
$2.87
🧀 Cheese, 1 kg or 2.2 lb
$11
$16.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.21
$8.85
🥩 Round Steak, 1 kg or 2.2 lb
$9.25
$19.2
🍏 Apples, 1 kg or 2.2 lb
$3.43
$4.9
🍌 Banana, 1 kg or 2.2 lb
$1.52
$2.49
🍊 Oranges, 1 kg or 2.2 lb
$2.81
$2.73
🍅 Tomato, 1 kg or 2.2 lb
$2.95
$3.82
🥔 Potato, 1 kg or 2.2 lb
$2.34
$2.62
🧅 Onion, 1 kg or 2.2 lb
$2.82
$2.2
🌊 Water, 1 L or 1 qt
$1.1
$0.81
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.36
$1.94
🍾 Wine (mid-priced), 750 mL bottle
$9.85
$14
🍺 Beer, 0.5 L or 16 fl oz
$1.25
$1.78
🚬 Cigarette pack
$5.99
$4.62
💊 Cold medicince, 1 week
$12.7
$11.7
🧴 Hair Shampoo
$6.13
$7.63
🧻 Toilet paper, 4 rolls
$2.68
$2.02
👄 Toothpaste, 1 tube
$2.45
$2.76
Other
🏋️ Gym Membership, 1 month
$37
$40.1
🎫 Cinema Ticket, 1 person
$7.08
$11.2
👩‍⚕️ Doctor's visit
$47.2
$43.6
💇 Haircut, simple
$11.1
$15.1
👖 Brand Jeans
$51.2
$77.5
👟 Brand Sneakers
$86.3
$93.1
👶 Daycare or Preschool, 1 month
$478
$519
🏫 International Primary School, 1 year
$14852
$16426

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
$1514
410K
Colon
$1173
242K
Tocumen
$1342
103K
Santiago de Veraguas
$1101
110K
La Chorrera
$965
68.9K
David
$921
82.9K
Chitre
$1132
60.5K
Pacora
$1332
52.5K
Penonome
$1131
21.7K
Balboa
$1361
10K

In Taiwan

City Cost of living Population
New Taipei
$1238
4.04M
Taichung
$1026
3.03M
Taipei
$1356
2.6M
Kaohsiung
$1060
2.73M
Tainan
$936
1.87M
Taoyuan
$995
2.33M
Hsinchu
$1001
499K
Keelung
$1079
367K
Zhubei
$943
218K
Chiayi
$961
252K
Changhua
$937
225K
Kinmen
$940
144K
Miaoli
$737
86.2K
Douliu
$931
109K
Nantou
$927
97.3K
Yilan
$846
95K
Taitung
$892
103K