Panama vs Trinidad and Tobago - Cost of Living Comparison

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Livingcost

Panama Trinidad and Tobago
🚶 Cost of living one person
$1307
$1129
👨‍👩‍👧‍👦 Cost of living Family
$3027
$2731
🏠 One person rent
$716
$496
🏘️ Family rent
$1116
$844
🍽️ Food expenses
$426
$479
🚐 Transport expenses
$65.8
$45
💳 Monthly salary after tax
$875
$953
💸 GDP per capita
$19103
$19315
😃 Human freedom index
8
7.57
❤️ Life expectancy
79.6
73.5
👮 Corruption perceptions index
33
41
🌐 English speaking %
14%
87.7%
🎓 Higher education
47
27
😀 Quality of life
60
47
🏙️ Population
4.52M
1.37M

The average cost of living in Panama ($1307) is 16% more expensive than in Trinidad and Tobago ($1129). Panama ranked 53rd vs 77th for Trinidad and Tobago 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 0.8 months in Trinidad and Tobago. Ranked 68th and 108th best countries to live in the world.

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the estimated difference in money purchasing power

Cost of living in Panama vs Trinidad and Tobago infographic

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Prices in Panama vs Trinidad and Tobago

We calculate prices for Panama and Trinidad and Tobago as a population-weighted mean of 10 and 5 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 Trinidad and Tobago
Eating Out
🍱 Lunch Menu
$9.09
$9.15
🥂 Dinner in a Restaurant, for 2
$43.6
$74.5
🥪 Fast food meal, equiv. McDonald's
$7.82
$7.91
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.81
$1.89
 Cappuccino
$3.77
$3.62
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.65
$1.04
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$753
$549
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$537
$365
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1277
$1215
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$854
$859
🔌 Utility Bill one person, electricity, heating, water, etc.
$89.7
$44.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$138
$67.8
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46.1
$50.5
🏦 Mortgage Interest Rate for 20 Years
6.42%
5.38%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2616
$3530
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1606
$1670
Transportation
🚌 Local transport ticket
$0.43
$0.78
🎟️ Monthly ticket local transport
$30.4
$70
🚕 Taxi Ride, 8 km or 5 mi
$22.1
$9.25
 Gas / Petrol, 1 L or 0.26 gal
$1.02
$1.01
Groceries
🥛 Milk, 1 L or 1 qt
$1.78
$2.42
🍞 Bread, 0.5 kg or 1.1 lb
$2.36
$2.34
🍚 Rice, 1 kg or 2.2 lb
$2.31
$2.88
🥚 Eggs, x12
$2.97
$4.51
🧀 Cheese, 1 kg or 2.2 lb
$11.1
$8.33
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.08
$9.63
🥩 Round Steak, 1 kg or 2.2 lb
$9.26
$13.5
🍏 Apples, 1 kg or 2.2 lb
$3.55
$5.14
🍌 Banana, 1 kg or 2.2 lb
$1.51
$2.58
🍊 Oranges, 1 kg or 2.2 lb
$3.25
$3.82
🍅 Tomato, 1 kg or 2.2 lb
$2.99
$4.09
🥔 Potato, 1 kg or 2.2 lb
$2.36
$1.38
🧅 Onion, 1 kg or 2.2 lb
$3.2
$1.38
🌊 Water, 1 L or 1 qt
$1.11
$0.85
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.37
$1.93
🍾 Wine (mid-priced), 750 mL bottle
$10.1
$18.9
🍺 Beer, 0.5 L or 16 fl oz
$1.31
$1.94
🚬 Cigarette pack
$5.92
$4.79
💊 Cold medicince, 1 week
$11.4
$6.98
🧴 Hair Shampoo
$6.16
$5.85
🧻 Toilet paper, 4 rolls
$2.71
$2.15
👄 Toothpaste, 1 tube
$2.46
$2.84
Other
🏋️ Gym Membership, 1 month
$35.7
$47.4
🎫 Cinema Ticket, 1 person
$7.18
$9.11
👩‍⚕️ Doctor's visit
$49.6
$46.1
💇 Haircut, simple
$11.4
$9.62
👖 Brand Jeans
$50.6
$50.4
👟 Brand Sneakers
$85.8
$111
👶 Daycare or Preschool, 1 month
$476
$332
🏫 International Primary School, 1 year
$14818
$8014

Cost of living in other countries

Cost of living

Cities Comparison in Panama vs Trinidad and Tobago

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Cost of Living in Popular cities

In Panama

City Cost of living Population
Panama City
$1560
410K
Colon
$1188
242K
Tocumen
$1377
103K
Santiago de Veraguas
$1122
110K
La Chorrera
$981
68.9K
Chitre
$1150
60.5K
David
$925
82.9K
Pacora
$1371
52.5K
Penonome
$1150
21.7K
Balboa
$1400
10K

In Trinidad and Tobago

City Cost of living Population
Chaguanas
$1079
83.5K
Port of Spain
$1248
84.1K
San Fernando
$1007
55.4K
Scarborough
$1111
17K
San Juan
$1213
13.8K