Budget Direct Insurance Money Magazine's Insurer of the Year 2017, 2018, 2019, 2020, and 2021

Money magazine
Insurer of the
Year 2017-21

prices shown in
Damascus vs Panama City
Dam vs Pan

Average net salary (After tax)

Panama City
Damascus

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Pan
Dam
Outside city centre
Pan
Dam

Rent 3 bedroom apartment

Cost per month

In city centre
Pan
Dam
Outside city centre
Pan
Dam

Buy apartment

Price per m2

In city centre
Pan
Dam
Outside city centre
Pan
Dam

Mortgage rates

Panama City
4.5%
Damascus
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Panama City
Damascus

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Pan
Dam

Mobile phone data

One-minute local prepaid call (no plan or discount)

Pan
Dam

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Pan
Dam

Monthly pass

Regular price

Pan
Dam

Fuel prices

Per Litre

Panama City
Damascus

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Pan
Dam
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Pan
Dam
White bread 500g
Pan
Dam
Eggs 12
Pan
Dam
White rice 1kg
Pan
Dam

Pack of cigarettes

(Marlboro)

Panama City
Damascus

Meat & cheese

Chicken breasts 1kg
Pan
Dam
Beef round 1kg
Pan
Dam
Local cheese 1kg
Pan
Dam

Vegetables

Potatoes 1kg
Pan
Dam
Lettuce 1 head
Pan
Dam
Tomatoes 1kg
Pan
Dam

Fruit

Apples 1kg
Pan
Dam
Oranges 1 head
Pan
Dam
Bananas 1kg
Pan
Dam

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Pan $4,070.74/mth
Dam $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Pan $4,070.74/mth
Dam $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Panama City
4.5%
Damascus
5.5%

Restaurant Prices in Panama City are 17.14% higher than in Damascus

Drinks

Coke/Pepsi 0.33L
bottle
Pan $4,070.74/mth
Dam $4,070.74/mth
Water 0.33L
bottle
Pan $4,070.74/mth
Dam $4,070.74/mth
Cappuccino regular
Pan $4,070.74/mth
Dam $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Pan
Dam
Market 0.5L bottle
Pan
Dam

Imported beer

Restaurant 0.33L bottle
Pan
Dam
Market 0.33L bottle
Pan
Dam

Bottle of wine

Mid-range, from supermarket

Panama City
5
Damascus

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Pan
Dam

Summer dress

From a chain store (e.g. Zara, H&M)

Pan
Dam

Shoes

1 pair Nike shoes
Pan
Dam
1 pair men's leather shoes
Pan
Dam

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Panama City
$15.33
Damascus
$11.43

Tennis court rental

One hour on weekend

Pan $4,070.74/mth
Dam $4,070.74/mth

Fitness club

Monthly fee for one adult

Pan $4,070.74/mth
Dam $4,070.74/mth