Cost of living in Elk River is 35% higher than in Panama City (without rent).
Rent in Elk River is 108% more expensive than in Panama City.
Cost of living including rent in Elk River is 75% higher than in Panama City.
Food in Elk River is 47% more expensive than in Panama City.
Transport in Elk River is 21% cheaper than in Panama City.
| Elk River | Panama City | |
|---|---|---|
| Cost of Living, including rent | ||
| Without Rent | ||
| Rent & Utilities | ||
| Food | ||
| Transport | ||
| Monthly Salary, after tax | ||
| Quality of Life | ||
| Population |
| Elk River | Panama City | |
|---|---|---|
Restaurants |
||
| Lunch menu, inexpensive restaurant |
18.4 $ | 12.3 $ |
| Dinner, for 2 | 82 $ | 55.2 $ |
| Fast food, McDonalds or KFC | 11.3 $ | 7.6 $ |
| Beer, 0.5 L or 16 fl oz | 6.83 $ | 2.94 $ |
| Capuccino | 5.23 $ | 4.25 $ |
| Coke, 330ml | 2.62 $ | 1.9 $ |
Markets |
Milk, 1 L or 1 qt | 1.18 $ | 1.78 $ |
| Bread, 0.5 kg or 1 lb | 3.86 $ | 2.12 $ |
| Rice, 1 kg or 2 lb | 4.63 $ | 2.08 $ |
| Eggs, 12 pack | 3.95 $ | 2.67 $ |
| Cheese, 1 kg or 2 lb | 12.5 $ | 13.2 $ |
| Chicken Breast, 1 kg or 2 lb | 11.9 $ | 7.23 $ |
| Round Steak, 1 kg or 2 lb | 14.1 $ | 10.4 $ |
| Apples, 1 kg or 2 lb | 5.48 $ | 3.11 $ |
| Banana, 1 kg or 2 lb | 2.49 $ | 1.54 $ |
| Oranges, 1 kg or 2 lb | 6.12 $ | 3.09 $ |
| Potatoes, 1 kg or 2 lb | 3.33 $ | 2.19 $ |
| Onions, 1 kg or 2 lb | 3.09 $ | 2.5 $ |
| Water, 1 L or 1 qt | 1.52 $ | 1 $ |
| Coca-Cola / Pepsi, 2 L or 67.6 fl oz | 2.21 $ | 2.51 $ |
| Wine, 750 mL bottle | 14.1 $ | 9.03 $ |
| Beer, 0.5 L or 16 fl oz | 2.04 $ | 1.14 $ |
| Cigarette pack | 11 $ | 5.89 $ |
Transport |
||
| Local transport ticket, One-way Ticket | 2.29 $ | 0.35 $ |
| Monthly pass, Monthly Ticket | 81.2 $ | 26.2 $ |
| Gas or petrol, 1 L or 0.26 gal | 0.97 $ | 1.02 $ |
| Taxi, 8 km | 19.2 $ | 13.9 $ |
Personal Care |
||
| Doctor visit, private clinic | 101 $ | 49.1 $ |
| Cold medicine, for 1 week | 8.29 $ | 10.5 $ |
| Hair shampoo, 400 ml or 12 oz | 5.14 $ | 6.97 $ |
| Toilet paper, 4 rolls | 3.41 $ | 3.12 $ |
| Toothpaste, 1 tube | 1.92 $ | 3.06 $ |
Utilities per Month |
||
| Utility bill - 1 person, electricity, heating, water & garbage |
98.2 $ | 76.7 $ |
| Utility bill - family, electricity, heating, water & garbage |
150 $ | 118 $ |
| Internet plan, +60 Mbps |
65.9 $ | 47.4 $ |
Rent per Month |
||
| 1 Bedroom Apartment, outside of center, 40 sq.m | 1,186 $ | 577 $ |
| 3 Bedroom Apartment, outside of center, 85 sq.m | 1,971 $ | 1,198 $ |
| 1 Bedroom Apartment, in city center, 40 sq.m | 2,245 $ | 827 $ |
| 3 Bedroom Apartment, in city center, 85 sq.m | 2,290 $ | 1,757 $ |
Buy Apartment Price |
||
| Price per Square Meter to Buy Apartment, in city center | 2,767 $ | 2,406 $ |
| Price per Square Meter to Buy House, in suburbs | 2,351 $ | 1,535 $ |
Salaries and Financing |
||
| Average Monthly Net Salary, after tax | 5,013 $ | 914 $ |
| Mortgage Interest Rate, for 20 years fixed-rate | 6.48 % | 6.12 % |
Sports and Leisure |
||
| Fitness Club, Monthly Fee for 1 Adult | 40 $ | 43.8 $ |
| Cinema, 1 seat | 15.5 $ | 6.71 $ |
| Haircut | 15.7 $ | 13.7 $ |
Clothing and Shoes |
||
| Brand Sneakers, mid-range, Nike or similar | 63.7 $ | 90.2 $ |
| Brand Jeans, Levis 501 | 35.9 $ | 54.3 $ |
Childcare |
||
| Preschool, full day, monthly for 1 child | 1,550 $ | 437 $ |
| International Primary School, yearly for 1 child | 19,808 $ | 9,531 $ |