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Money magazine
Insurer of the
Year 2017-21

prices shown in
Gold Coast vs Panama City
Glc vs Pan

Average net salary (After tax)

Panama City
Gold Coast

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Pan
Glc
Outside city centre
Pan
Glc

Rent 3 bedroom apartment

Cost per month

In city centre
Pan
Glc
Outside city centre
Pan
Glc

Buy apartment

Price per m2

In city centre
Pan
Glc
Outside city centre
Pan
Glc

Mortgage rates

Panama City
4.5%
Gold Coast
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

Panama City
Gold Coast

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Pan
Glc

Mobile phone data

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

Pan
Glc

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Pan
Glc

Monthly pass

Regular price

Pan
Glc

Fuel prices

Per Litre

Panama City
Gold Coast

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Pan
Glc
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Panama City
Gold Coast

Meat & cheese

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

Vegetables

Potatoes 1kg
Pan
Glc
Lettuce 1 head
Pan
Glc
Tomatoes 1kg
Pan
Glc

Fruit

Apples 1kg
Pan
Glc
Oranges 1 head
Pan
Glc
Bananas 1kg
Pan
Glc

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Panama City
4.5%
Gold Coast
5.5%

Restaurant Prices in Panama City are 17.14% higher than in Gold Coast

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Pan
Glc
Market 0.5L bottle
Pan
Glc

Imported beer

Restaurant 0.33L bottle
Pan
Glc
Market 0.33L bottle
Pan
Glc

Bottle of wine

Mid-range, from supermarket

Panama City
5
Gold Coast

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Pan
Glc

Summer dress

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

Pan
Glc

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Panama City
$15.33
Gold Coast
$11.43

Tennis court rental

One hour on weekend

Pan $4,070.74/mth
Glc $4,070.74/mth

Fitness club

Monthly fee for one adult

Pan $4,070.74/mth
Glc $4,070.74/mth