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Insurer of the
Year 2017-21

prices shown in
Lagos vs Panama City
Los vs Pan

Average net salary (After tax)

Panama City
Lagos

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Pan
Los
Outside city centre
Pan
Los

Rent 3 bedroom apartment

Cost per month

In city centre
Pan
Los
Outside city centre
Pan
Los

Buy apartment

Price per m2

In city centre
Pan
Los
Outside city centre
Pan
Los

Mortgage rates

Panama City
4.5%
Lagos
5.5%
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home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

Panama City
Lagos

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Pan
Los

Mobile phone data

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

Pan
Los

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Pan
Los

Monthly pass

Regular price

Pan
Los

Fuel prices

Per Litre

Panama City
Lagos

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Pan
Los
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Panama City
Lagos

Meat & cheese

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

Vegetables

Potatoes 1kg
Pan
Los
Lettuce 1 head
Pan
Los
Tomatoes 1kg
Pan
Los

Fruit

Apples 1kg
Pan
Los
Oranges 1 head
Pan
Los
Bananas 1kg
Pan
Los

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Panama City
4.5%
Lagos
5.5%

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

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Pan
Los
Market 0.5L bottle
Pan
Los

Imported beer

Restaurant 0.33L bottle
Pan
Los
Market 0.33L bottle
Pan
Los

Bottle of wine

Mid-range, from supermarket

Panama City
5
Lagos

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Pan
Los

Summer dress

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

Pan
Los

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Panama City
$15.33
Lagos
$11.43

Tennis court rental

One hour on weekend

Pan $4,070.74/mth
Los $4,070.74/mth

Fitness club

Monthly fee for one adult

Pan $4,070.74/mth
Los $4,070.74/mth