Panama vs Uruguay - Cost of Living Comparison

Updated:

Livingcost

Panama Uruguay
🚶 Cost of living one person
$1324
$1389
👨‍👩‍👧‍👦 Cost of living Family
$3050
$3346
🏠 One person rent
$742
$603
🏘️ Family rent
$1185
$950
🍽️ Food expenses
$427
$520
🚐 Transport expenses
$59.6
$132
💳 Monthly salary after tax
$850
$1036
💸 GDP per capita
$19161
$23907
😃 Human freedom index
7.92
8.18
❤️ Life expectancy
79.6
78.1
👮 Corruption perceptions index
33
73
🌐 English speaking %
14%
24%
🎓 Higher education
44
61
😀 Quality of life
60
68
🏙️ Population
4.52M
3.39M

The average cost of living in Panama ($1324) is 5% less expensive than in Uruguay ($1389). Panama ranked 53rd vs 46th 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 0.6 months in Panama compared to 0.7 months in Uruguay. Ranked 70th and 56th best countries to live in the world.

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the estimated difference in money purchasing power

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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
$9.11
$17.1
🥂 Dinner in a Restaurant, for 2
$43.4
$47.7
🥪 Fast food meal, equiv. McDonald's
$7.14
$12.8
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.84
$4.16
 Cappuccino
$3.73
$4.8
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.69
$2.41
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$787
$560
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$563
$427
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1416
$1097
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$956
$690
🔌 Utility Bill one person, electricity, heating, water, etc.
$88.2
$106
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$136
$165
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46.3
$43.4
🏦 Mortgage Interest Rate for 20 Years
6.36%
5.76%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2983
$3157
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1713
$2320
Transportation
🚌 Local transport ticket
$0.43
$1.44
🎟️ Monthly ticket local transport
$29.7
$60.5
🚕 Taxi Ride, 8 km or 5 mi
$18.7
$19.1
 Gas / Petrol, 1 L or 0.26 gal
$1
$1.92
Groceries
🥛 Milk, 1 L or 1 qt
$1.82
$1.3
🍞 Bread, 0.5 kg or 1.1 lb
$2.35
$2.52
🍚 Rice, 1 kg or 2.2 lb
$2.53
$1.81
🥚 Eggs, x12
$3.07
$4.98
🧀 Cheese, 1 kg or 2.2 lb
$10.8
$14.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.37
$11
🥩 Round Steak, 1 kg or 2.2 lb
$9.68
$11.1
🍏 Apples, 1 kg or 2.2 lb
$3.5
$2.86
🍌 Banana, 1 kg or 2.2 lb
$1.62
$2.71
🍊 Oranges, 1 kg or 2.2 lb
$3.29
$1.61
🍅 Tomato, 1 kg or 2.2 lb
$2.97
$3.29
🥔 Potato, 1 kg or 2.2 lb
$2.47
$2.05
🧅 Onion, 1 kg or 2.2 lb
$3.68
$2.29
🌊 Water, 1 L or 1 qt
$1.15
$1.19
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.37
$3.82
🍾 Wine (mid-priced), 750 mL bottle
$10.3
$9.58
🍺 Beer, 0.5 L or 16 fl oz
$1.37
$2.33
🚬 Cigarette pack
$6.01
$5.52
💊 Cold medicince, 1 week
$11.4
$8.72
🧴 Hair Shampoo
$6.18
$8.95
🧻 Toilet paper, 4 rolls
$2.7
$2.99
👄 Toothpaste, 1 tube
$2.45
$3.33
Other
🏋️ Gym Membership, 1 month
$35.9
$47.3
🎫 Cinema Ticket, 1 person
$7.16
$10.5
👩‍⚕️ Doctor's visit
$42.4
$65.5
💇 Haircut, simple
$11.2
$9.82
👖 Brand Jeans
$50.2
$88.7
👟 Brand Sneakers
$85.8
$117
👶 Daycare or Preschool, 1 month
$501
$556
🏫 International Primary School, 1 year
$12647
$9870

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
$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 Uruguay

City Cost of living Population
Montevideo
$1572
1.3M
Ciudad de la Costa
$1378
112K
Salto
$1055
125K
Rivera
$832
84.8K
Maldonado
$1121
86.8K
Paysandu
$898
76.4K
Tacuarembo
$939
54.8K
Melo
$789
51.8K
Mercedes
$1221
42K
Durazno
$1238
40.3K
Minas
$1407
38.4K
Barros Blancos
$1380
31.7K
Artigas
$1021
40.7K
Florida
$1237
36.4K
Punta del Este
$1671
9.28K