Panama vs Uruguay - Cost of Living Comparison

Updated:

Livingcost

Panama Uruguay
🚶 Cost of living one person
$1198
$1202
👨‍👩‍👧‍👦 Cost of living Family
$2872
$2934
🏠 One person rent
$624
$514
🏘️ Family rent
$1080
$868
🍽️ Food expenses
$416
$457
🚐 Transport expenses
$61.7
$110
💳 Monthly salary after tax
$895
$1090
💸 GDP per capita
$17358
$20795
😃 Human freedom index
7.57
7.96
❤️ Life expectancy
76.2
75.4
👮 Corruption perceptions index
35
73
🌐 English speaking %
14%
24%
🎓 Higher education
46
64
😀 Quality of life
56
66
🏙️ Population
4.1M
3.46M

The average cost of living in Panama ($1198) is 0.4% less expensive than in Uruguay ($1202). Panama ranked 53rd vs 51st 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 0.9 months in Uruguay. Ranked 71st and 48th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Panama vs Uruguay infographic

Share this infographic!

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
$9.95
$14.1
🥂 Dinner in a Restaurant, for 2
$48.7
$43.5
🥪 Fast food meal, equiv. McDonald's
$7.78
$10.2
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.46
$3.34
 Cappuccino
$3.95
$4.18
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.75
$1.97
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$712
$516
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$447
$365
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1430
$885
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$794
$661
🔌 Utility Bill one person, electricity, heating, water, etc.
$78.8
$81
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$121
$125
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$47.1
$37.6
🏦 Mortgage Interest Rate for 20 Years
6.05%
7.83%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2303
$2833
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1386
$2183
Transportation
🚌 Local transport ticket
$0.4
$1.29
🎟️ Monthly ticket local transport
$28.6
$47.9
🚕 Taxi Ride, 8 km or 5 mi
$13
$16.4
 Gas / Petrol, 1 L or 0.26 gal
$1.08
$1.89
Groceries
🥛 Milk, 1 L or 1 qt
$1.73
$1.1
🍞 Bread, 0.5 kg or 1.1 lb
$2.21
$2.38
🍚 Rice, 1 kg or 2.2 lb
$1.93
$1.61
🥚 Eggs, x12
$2.59
$4.25
🧀 Cheese, 1 kg or 2.2 lb
$11.1
$13.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.31
$9.49
🥩 Round Steak, 1 kg or 2.2 lb
$8.61
$10.6
🍏 Apples, 1 kg or 2.2 lb
$3.02
$2.25
🍌 Banana, 1 kg or 2.2 lb
$1.36
$2.46
🍊 Oranges, 1 kg or 2.2 lb
$2.82
$1.42
🍅 Tomato, 1 kg or 2.2 lb
$2.86
$2.79
🥔 Potato, 1 kg or 2.2 lb
$2.14
$1.72
🧅 Onion, 1 kg or 2.2 lb
$2.02
$1.76
🌊 Water, 1 L or 1 qt
$0.96
$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.52
$3.35
🍾 Wine (mid-priced), 750 mL bottle
$9.18
$7.84
🍺 Beer, 0.5 L or 16 fl oz
$1.14
$2.21
🚬 Cigarette pack
$6.14
$4.95
💊 Cold medicince, 1 week
$11.2
$10.2
🧴 Hair Shampoo
$6.03
$7.29
🧻 Toilet paper, 4 rolls
$3.11
$2.5
👄 Toothpaste, 1 tube
$3.07
$4.25
Other
🏋️ Gym Membership, 1 month
$38.1
$48.5
🎫 Cinema Ticket, 1 person
$6.71
$9.11
👩‍⚕️ Doctor's visit
$45.4
$45.4
💇 Haircut, simple
$11.5
$9.62
👖 Brand Jeans
$53.7
$89.9
👟 Brand Sneakers
$81.7
$111
👶 Daycare or Preschool, 1 month
$408
$375
🏫 International Primary School, 1 year
$9399
$7208

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
$1316
881K
Colon
$1157
242K
Tocumen
$1171
103K
Santiago de Veraguas
$961
89K
David
$789
82.9K
La Chorrera
$917
68.9K
Balboa
$1189
62.9K
Pacora
$1182
52.5K
Chitre
$980
46.2K
Penonome
$940
21.7K

In Uruguay

City Cost of living Population
Montevideo
$1311
1.32M
Ciudad de la Costa
$1186
112K
Salto
$1047
125K
Maldonado
$989
86.8K
Paysandu
$894
76.4K
Melo
$785
51.8K
Rivera
$837
64.5K
Tacuarembo
$900
54.8K
Barros Blancos
$1187
31.7K
Mercedes
$1064
42K
Minas
$1186
38.4K
Durazno
$1101
34.4K
Florida
$1123
33.6K
Artigas
$957
40.7K
Punta del Este
$1672
9.28K