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Money magazine
Insurer of the
Year 2017-21

prices shown in
Panama City vs Melbourne
Pan vs Mel

Average net salary (After tax)

Melbourne
Panama City

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Mel
Pan
Outside city centre
Mel
Pan

Rent 3 bedroom apartment

Cost per month

In city centre
Mel
Pan
Outside city centre
Mel
Pan

Buy apartment

Price per m2

In city centre
Mel
Pan
Outside city centre
Mel
Pan

Mortgage rates

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

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

Melbourne
Panama City

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Mel
Pan

Mobile phone data

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

Mel
Pan

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Mel
Pan

Monthly pass

Regular price

Mel
Pan

Fuel prices

Per Litre

Melbourne
Panama City

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Mel
Pan
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Melbourne
Panama City

Meat & cheese

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

Vegetables

Potatoes 1kg
Mel
Pan
Lettuce 1 head
Mel
Pan
Tomatoes 1kg
Mel
Pan

Fruit

Apples 1kg
Mel
Pan
Oranges 1 head
Mel
Pan
Bananas 1kg
Mel
Pan

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Melbourne
4.5%
Panama City
5.5%

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

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Mel
Pan
Market 0.5L bottle
Mel
Pan

Imported beer

Restaurant 0.33L bottle
Mel
Pan
Market 0.33L bottle
Mel
Pan

Bottle of wine

Mid-range, from supermarket

Melbourne
5
Panama City

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Mel
Pan

Summer dress

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

Mel
Pan

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Melbourne
$15.33
Panama City
$11.43

Tennis court rental

One hour on weekend

Mel $4,070.74/mth
Pan $4,070.74/mth

Fitness club

Monthly fee for one adult

Mel $4,070.74/mth
Pan $4,070.74/mth