Panama vs Uruguay - Cost of Living Comparison

Updated:

Livingcost

Panama Uruguay
🚶 Cost of living one person
$1307
$1321
👨‍👩‍👧‍👦 Cost of living Family
$3027
$3194
🏠 One person rent
$716
$570
🏘️ Family rent
$1116
$912
🍽️ Food expenses
$426
$488
🚐 Transport expenses
$65.8
$135
💳 Monthly salary after tax
$875
$1004
💸 GDP per capita
$19103
$23907
😃 Human freedom index
8
8.19
❤️ Life expectancy
79.6
78.1
👮 Corruption perceptions index
33
76
🌐 English speaking %
14%
24%
🎓 Higher education
47
63
😀 Quality of life
60
68
🏙️ Population
4.52M
3.39M

The average cost of living in Panama ($1307) is 1% less expensive than in Uruguay ($1321). Panama ranked 53rd vs 52nd for Uruguay 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 Uruguay. Ranked 68th and 50th best countries to live in the world.

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the estimated difference in money purchasing power

Cost of living in Panama vs Uruguay infographic

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Prices in Panama vs Uruguay

We calculate prices for Panama and Uruguay as a population-weighted mean of 10 and 15 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 Uruguay
Eating Out
🍱 Lunch Menu
$9.09
$15.3
🥂 Dinner in a Restaurant, for 2
$43.6
$44.1
🥪 Fast food meal, equiv. McDonald's
$7.82
$11.8
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.81
$4
 Cappuccino
$3.77
$4.63
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.65
$2.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$753
$540
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$537
$405
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1277
$1050
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$854
$672
🔌 Utility Bill one person, electricity, heating, water, etc.
$89.7
$97.3
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$138
$150
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46.1
$40.9
🏦 Mortgage Interest Rate for 20 Years
6.42%
5.85%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2616
$3346
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1606
$2734
Transportation
🚌 Local transport ticket
$0.43
$1.35
🎟️ Monthly ticket local transport
$30.4
$52.8
🚕 Taxi Ride, 8 km or 5 mi
$22.1
$22.4
 Gas / Petrol, 1 L or 0.26 gal
$1.02
$1.82
Groceries
🥛 Milk, 1 L or 1 qt
$1.78
$1.2
🍞 Bread, 0.5 kg or 1.1 lb
$2.36
$2.35
🍚 Rice, 1 kg or 2.2 lb
$2.31
$1.7
🥚 Eggs, x12
$2.97
$4.46
🧀 Cheese, 1 kg or 2.2 lb
$11.1
$13.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.08
$10.4
🥩 Round Steak, 1 kg or 2.2 lb
$9.26
$10.7
🍏 Apples, 1 kg or 2.2 lb
$3.55
$2.73
🍌 Banana, 1 kg or 2.2 lb
$1.51
$2.57
🍊 Oranges, 1 kg or 2.2 lb
$3.25
$1.43
🍅 Tomato, 1 kg or 2.2 lb
$2.99
$3.01
🥔 Potato, 1 kg or 2.2 lb
$2.36
$2
🧅 Onion, 1 kg or 2.2 lb
$3.2
$2.11
🌊 Water, 1 L or 1 qt
$1.11
$1.12
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.37
$3.37
🍾 Wine (mid-priced), 750 mL bottle
$10.1
$9.1
🍺 Beer, 0.5 L or 16 fl oz
$1.31
$2.18
🚬 Cigarette pack
$5.92
$5.23
💊 Cold medicince, 1 week
$11.4
$8.4
🧴 Hair Shampoo
$6.16
$8.81
🧻 Toilet paper, 4 rolls
$2.71
$2.88
👄 Toothpaste, 1 tube
$2.46
$3.2
Other
🏋️ Gym Membership, 1 month
$35.7
$44.2
🎫 Cinema Ticket, 1 person
$7.18
$9.81
👩‍⚕️ Doctor's visit
$49.6
$65
💇 Haircut, simple
$11.4
$9.16
👖 Brand Jeans
$50.6
$84
👟 Brand Sneakers
$85.8
$109
👶 Daycare or Preschool, 1 month
$476
$485
🏫 International Primary School, 1 year
$14818
$9033

Cost of living in other countries

Cost of living

Cities Comparison in Panama vs Uruguay

More countries to compare

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 Uruguay

City Cost of living Population
Montevideo
$1492
1.3M
Ciudad de la Costa
$1312
112K
Salto
$1031
125K
Rivera
$816
103K
Paysandu
$878
76.4K
Maldonado
$1080
86.8K
Tacuarembo
$884
54.8K
Melo
$773
51.8K
Artigas
$959
40.7K
Mercedes
$1153
42K
Minas
$1348
38.4K
Barros Blancos
$1314
31.7K
Durazno
$1200
34.4K
Florida
$1223
33.6K
Punta del Este
$1646
9.28K