Cost of living in Panama compared to Norway
Currency:
| Food | - 43% | |||
|---|---|---|---|---|
| Food in Panama is 43% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (kr 149) | kr 227 | - 35% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (kr 79) | kr 136 | - 42% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.19 B/. (kr 35) | kr 82 | - 57% | |
| 1 liter (1 qt.) of whole fat milk | 1.77 B/. (kr 20) | kr 23 | - 16% | |
| 12 eggs, large | 2.57 B/. (kr 28) | kr 58 | - 51% | |
| 1 kg (2 lb.) of tomatoes | 2.24 B/. (kr 25) | kr 49 | - 49% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (kr 67) | kr 83 | - 19% | |
| 1 kg (2 lb.) of apples | 1.97 B/. (kr 22) | kr 32 | - 32% | |
| 1 kg (2 lb.) of potatoes | 2.41 B/. (kr 27) | kr 25 | + 8% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.16 B/. (kr 13) | kr 34 | - 62% | |
| 1 bottle of red table wine, good quality | 10 B/. (kr 111) | kr 196 | - 43% | |
| 2 liters of coca-cola | 2.54 B/. (kr 28) | kr 34 | - 18% | |
| Bread for 2 people for 1 day | 1.15 B/. (kr 13) | kr 31 | - 59% | |
| Housing | - 39% | |||
| Housing in Panama is 39% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,507 B/. (kr 16,665) | kr 21,706 | - 23% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 905 B/. (kr 10,007) | kr 18,504 | - 46% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 107 B/. (kr 1,188) | kr 2,720 | - 56% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 875 B/. (kr 9,675) | kr 15,995 | - 40% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 559 B/. (kr 6,184) | kr 12,414 | - 50% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 100 B/. (kr 1,107) | kr 4,339 | - 74% | |
| Internet 8 mbps (1 month) | 35 B/. (kr 391) | kr 466 | - 16% | |
| 40” flat screen tv | 317 B/. (kr 3,507) | kr 7,561 | - 54% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 116 B/. (kr 1,283) | kr 1,915 | - 33% | |
| Laundry detergent (3 l. ~ 100 oz.) | 45 B/. (kr 498) | kr 93 | + 435% | |
| Hourly rate for cleaning help | 7 B/. (kr 74) | kr 376 | - 80% | |
| Clothes | - 23% | |||
| Clothes in Panama is 23% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 36 B/. (kr 398) | kr 1,043 | - 62% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 47 B/. (kr 514) | kr 489 | + 5% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 96 B/. (kr 1,061) | kr 1,192 | - 11% | |
| 1 pair of men’s leather business shoes | 94 B/. (kr 1,041) | kr 1,621 | - 36% | |
| Transportation | - 45% | |||
| Transportation in Panama is 45% cheaper than in Norway | ||||
| Panama | Norway | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,809 B/. (kr 252,200) | kr 391,669 | - 36% | |
| 1 liter (1/4 gallon) of gas | 1.01 B/. (kr 11) | kr 23 | - 51% | |
| Monthly ticket public transport | 35 B/. (kr 387) | kr 768 | - 50% | |
| Personal Care | + 13% | |||
| Personal Care in Panama is 13% more expensive than in Norway | ||||
| Panama | Norway | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 7 B/. (kr 79) | kr 65 | + 21% | |
| 1 box of antibiotics (12 doses) | 17 B/. (kr 189) | kr 107 | + 77% | |
| Short visit to private doctor (15 minutes) | 59 B/. (kr 651) | kr 518 | + 26% | |
| 1 box of 32 tampons (tampax, ob, ...) | 5.50 B/. (kr 61) | kr 53 | + 16% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.33 B/. (kr 59) | kr 38 | + 57% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (kr 76) | kr 54 | + 41% | |
| 4 rolls of toilet paper | 2.64 B/. (kr 29) | kr 39 | - 25% | |
| Tube of toothpaste | 2.96 B/. (kr 33) | kr 26 | + 25% | |
| Standard men's haircut in expat area of the city | 14 B/. (kr 160) | kr 519 | - 69% | |
| Entertainment | + 3% | |||
| Entertainment in Panama is about the same as in Norway | ||||
| Panama | Norway | Diff | ||
| Basic dinner out for two in neighborhood pub | 37 B/. (kr 404) | kr 543 | - 26% | |
| 2 tickets to the movies | 12 B/. (kr 134) | kr 306 | - 56% | |
| 2 tickets to the theater (best available seats) | 36 B/. (kr 393) | kr 523 | - 25% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 82 B/. (kr 911) | kr 986 | - 8% | |
| 1 cocktail drink in downtown club | 9 B/. (kr 97) | kr 165 | - 41% | |
| Cappuccino in expat area of the city | 4.92 B/. (kr 54) | kr 52 | + 4% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 8 B/. (kr 89) | kr 103 | - 14% | |
| Ipad wi-fi 128gb | 663 B/. (kr 7,336) | kr 5,946 | + 23% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. (kr 3.16) | kr 1.11 | + 186% | |
| 1 month of gym membership in business district | 80 B/. (kr 885) | kr 518 | + 71% | |
| 1 package of marlboro cigarettes | 6 B/. (kr 68) | kr 150 | - 55% | |
| TOTAL | - 34% | |||
These prices were last updated on November 19, 2024.
Exchange rate:
11.057
NOK
/
PAB
This comparison is based on abundant and consistent data. It is based on 786 prices entered by 174 different people.
Cost of living in Panama is 34% cheaper than in Norway
Other Country Comparisons
- Cost of living in Afghanistan is 55% cheaper than in Norway
- Cost of living in Albania is 54% cheaper than in Norway
- Cost of living in Armenia is 38% cheaper than in Norway
- Cost of living in Anguilla is 37% more expensive than in Norway
- Cost of living in Argentina is 32% cheaper than in Norway
- Cost of living in American Samoa is in Norway
- Cost of living in Andorra is 9% cheaper than in Norway
- Cost of living in Antarctica is in Norway