Cost of living in Grand Island is 22% higher than in Panama City (without rent).
Rent in Grand Island is 50% more expensive than in Panama City.
Cost of living including rent in Grand Island is 37% higher than in Panama City.
Food in Grand Island is 30% more expensive than in Panama City.
Transport in Grand Island is 50% cheaper than in Panama City.
| Grand Island | Panama City | |
|---|---|---|
| Cost of Living, including rent | ||
| Without Rent | ||
| Rent & Utilities | ||
| Food | ||
| Transport | ||
| Monthly Salary, after tax | ||
| Quality of Life | ||
| Population |
| Grand Island | Panama City | |
|---|---|---|
Restaurants |
||
| Lunch menu, inexpensive restaurant |
11.4 $ | 12.3 $ |
| Dinner, for 2 | 51.8 $ | 55.2 $ |
| Fast food, McDonalds or KFC | 11 $ | 7.6 $ |
| Beer, 0.5 L or 16 fl oz | 4.52 $ | 2.94 $ |
| Capuccino | 4.82 $ | 4.25 $ |
| Coke, 330ml | 2.52 $ | 1.9 $ |
Markets |
Milk, 1 L or 1 qt | 0.98 $ | 1.78 $ |
| Bread, 0.5 kg or 1 lb | 3.44 $ | 2.12 $ |
| Rice, 1 kg or 2 lb | 4.79 $ | 2.08 $ |
| Eggs, 12 pack | 3.27 $ | 2.67 $ |
| Cheese, 1 kg or 2 lb | 12.6 $ | 13.2 $ |
| Chicken Breast, 1 kg or 2 lb | 11.9 $ | 7.23 $ |
| Round Steak, 1 kg or 2 lb | 15.5 $ | 10.4 $ |
| Apples, 1 kg or 2 lb | 6.61 $ | 3.11 $ |
| Banana, 1 kg or 2 lb | 2 $ | 1.54 $ |
| Oranges, 1 kg or 2 lb | 6.65 $ | 3.09 $ |
| Potatoes, 1 kg or 2 lb | 2.18 $ | 2.19 $ |
| Onions, 1 kg or 2 lb | 2.96 $ | 2.5 $ |
| Water, 1 L or 1 qt | 1.66 $ | 1 $ |
| Coca-Cola / Pepsi, 2 L or 67.6 fl oz | 2.32 $ | 2.51 $ |
| Wine, 750 mL bottle | 13.4 $ | 9.03 $ |
| Beer, 0.5 L or 16 fl oz | 1.77 $ | 1.14 $ |
| Cigarette pack | 8.53 $ | 5.89 $ |
Transport |
||
| Local transport ticket, One-way Ticket | 1.73 $ | 0.35 $ |
| Monthly pass, Monthly Ticket | 38.6 $ | 26.2 $ |
| Gas or petrol, 1 L or 0.26 gal | 0.88 $ | 1.02 $ |
| Taxi, 8 km | 14 $ | 13.9 $ |
Personal Care |
||
| Doctor visit, private clinic | 99 $ | 49.1 $ |
| Cold medicine, for 1 week | 8.05 $ | 10.5 $ |
| Hair shampoo, 400 ml or 12 oz | 5.81 $ | 6.97 $ |
| Toilet paper, 4 rolls | 3.87 $ | 3.12 $ |
| Toothpaste, 1 tube | 2.45 $ | 3.06 $ |
Utilities per Month |
||
| Utility bill - 1 person, electricity, heating, water & garbage |
190 $ | 76.7 $ |
| Utility bill - family, electricity, heating, water & garbage |
291 $ | 118 $ |
| Internet plan, +60 Mbps |
65.1 $ | 47.4 $ |
Rent per Month |
||
| 1 Bedroom Apartment, outside of center, 40 sq.m | 803 $ | 577 $ |
| 3 Bedroom Apartment, outside of center, 85 sq.m | 1,506 $ | 1,198 $ |
| 1 Bedroom Apartment, in city center, 40 sq.m | 1,128 $ | 827 $ |
| 3 Bedroom Apartment, in city center, 85 sq.m | 2,403 $ | 1,757 $ |
Buy Apartment Price |
||
| Price per Square Meter to Buy Apartment, in city center | 1,980 $ | 2,406 $ |
| Price per Square Meter to Buy House, in suburbs | 2,020 $ | 1,535 $ |
Salaries and Financing |
||
| Average Monthly Net Salary, after tax | 4,085 $ | 914 $ |
| Mortgage Interest Rate, for 20 years fixed-rate | 6.54 % | 6.12 % |
Sports and Leisure |
||
| Fitness Club, Monthly Fee for 1 Adult | 52.9 $ | 43.8 $ |
| Cinema, 1 seat | 14.6 $ | 6.71 $ |
| Haircut | 15.1 $ | 13.7 $ |
Clothing and Shoes |
||
| Brand Sneakers, mid-range, Nike or similar | 95.6 $ | 90.2 $ |
| Brand Jeans, Levis 501 | 56.1 $ | 54.3 $ |
Childcare |
||
| Preschool, full day, monthly for 1 child | 832 $ | 437 $ |
| International Primary School, yearly for 1 child | 24,703 $ | 9,531 $ |