Panama vs Taiwan - Cost of Living Comparison

Updated:

Livingcost

Panama Taiwan
🚶 Cost of living one person
$1324
$1024
👨‍👩‍👧‍👦 Cost of living Family
$3050
$2690
🏠 One person rent
$742
$411
🏘️ Family rent
$1185
$708
🍽️ Food expenses
$427
$401
🚐 Transport expenses
$59.6
$98.7
💳 Monthly salary after tax
$850
$1514
💸 GDP per capita
$19161
$34430
😃 Human freedom index
7.92
8.72
❤️ Life expectancy
79.6
79.1
👮 Corruption perceptions index
33
68
🌐 English speaking %
14%
30%
🎓 Higher education
44
90
😀 Quality of life
60
83
🏙️ Population
4.52M
23.3M

The average cost of living in Panama ($1324) is 29% more expensive than in Taiwan ($1024). Panama ranked 53rd vs 97th 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 0.6 months in Panama compared to 1.5 months in Taiwan. Ranked 70th and 30th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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
$9.11
$4.76
🥂 Dinner in a Restaurant, for 2
$43.4
$32.7
🥪 Fast food meal, equiv. McDonald's
$7.14
$5.21
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.84
$2.03
 Cappuccino
$3.73
$2.95
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.69
$1.04
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$787
$488
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$563
$304
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1416
$1176
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$956
$802
🔌 Utility Bill one person, electricity, heating, water, etc.
$88.2
$53.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$136
$82.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46.3
$22.6
🏦 Mortgage Interest Rate for 20 Years
6.36%
2.39%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2983
$8898
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1713
$6023
Transportation
🚌 Local transport ticket
$0.43
$0.7
🎟️ Monthly ticket local transport
$29.7
$32.8
🚕 Taxi Ride, 8 km or 5 mi
$18.7
$9.64
 Gas / Petrol, 1 L or 0.26 gal
$1
$0.97
Groceries
🥛 Milk, 1 L or 1 qt
$1.82
$3.21
🍞 Bread, 0.5 kg or 1.1 lb
$2.35
$1.72
🍚 Rice, 1 kg or 2.2 lb
$2.53
$2.91
🥚 Eggs, x12
$3.07
$2.72
🧀 Cheese, 1 kg or 2.2 lb
$10.8
$16.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.37
$8.89
🥩 Round Steak, 1 kg or 2.2 lb
$9.68
$19.6
🍏 Apples, 1 kg or 2.2 lb
$3.5
$4.54
🍌 Banana, 1 kg or 2.2 lb
$1.62
$2.56
🍊 Oranges, 1 kg or 2.2 lb
$3.29
$2.76
🍅 Tomato, 1 kg or 2.2 lb
$2.97
$3.41
🥔 Potato, 1 kg or 2.2 lb
$2.47
$3.05
🧅 Onion, 1 kg or 2.2 lb
$3.68
$2.12
🌊 Water, 1 L or 1 qt
$1.15
$0.7
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.37
$1.79
🍾 Wine (mid-priced), 750 mL bottle
$10.3
$12.5
🍺 Beer, 0.5 L or 16 fl oz
$1.37
$1.64
🚬 Cigarette pack
$6.01
$4.23
💊 Cold medicince, 1 week
$11.4
$10.6
🧴 Hair Shampoo
$6.18
$6.85
🧻 Toilet paper, 4 rolls
$2.7
$1.85
👄 Toothpaste, 1 tube
$2.45
$2.55
Other
🏋️ Gym Membership, 1 month
$35.9
$37.3
🎫 Cinema Ticket, 1 person
$7.16
$10.2
👩‍⚕️ Doctor's visit
$42.4
$47.2
💇 Haircut, simple
$11.2
$13.8
👖 Brand Jeans
$50.2
$75
👟 Brand Sneakers
$85.8
$86.6
👶 Daycare or Preschool, 1 month
$501
$530
🏫 International Primary School, 1 year
$12647
$17202

Cost of living in other countries

Cost of living

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Cost of Living in Popular cities

In Panama

City Cost of living Population
Panama City
$1583
410K
Colon
$1179
242K
Tocumen
$1403
103K
Santiago de Veraguas
$1122
110K
La Chorrera
$977
68.9K
David
$922
82.9K
Pacora
$1395
52.5K
Penonome
$1153
21.7K
Balboa
$1425
10K
Chitre
$1154
9.02K

In Taiwan

City Cost of living Population
New Taipei
$1108
4.05M
Taichung
$957
2.87M
Taipei
$1257
2.44M
Kaohsiung
$999
2.72M
Taoyuan
$941
2.35M
Tainan
$910
1.85M
Hsinchu
$937
455K
Keelung
$997
360K
Chiayi
$910
261K
Zhubei
$882
221K
Changhua
$888
221K
Kinmen
$903
140K
Douliu
$889
109K
Miaoli
$709
86K
Taitung
$841
103K
Nantou
$879
96.5K
Yilan
$796
94.7K