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Insurer of the
Year 2017-21

prices shown in
Panama City vs Lagos
Pan vs Los

Average net salary (After tax)

Lagos
Panama City

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Los
Pan
Outside city centre
Los
Pan

Rent 3 bedroom apartment

Cost per month

In city centre
Los
Pan
Outside city centre
Los
Pan

Buy apartment

Price per m2

In city centre
Los
Pan
Outside city centre
Los
Pan

Mortgage rates

Lagos
4.5%
Panama City
5.5%
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home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

Lagos
Panama City

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Los
Pan

Mobile phone data

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

Los
Pan

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Los
Pan

Monthly pass

Regular price

Los
Pan

Fuel prices

Per Litre

Lagos
Panama City

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Los
Pan
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Lagos
Panama City

Meat & cheese

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

Vegetables

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

Fruit

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

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Lagos
4.5%
Panama City
5.5%

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

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

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

Imported beer

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

Bottle of wine

Mid-range, from supermarket

Lagos
5
Panama City

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Los
Pan

Summer dress

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

Los
Pan

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Lagos
$15.33
Panama City
$11.43

Tennis court rental

One hour on weekend

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

Fitness club

Monthly fee for one adult

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