Budget Direct Insurance Money Magazine's Insurer of the Year 2023 CANSTAR's Insurer of the Year 2024

Canstar & Money Magazine's
Insurer of the Year

prices shown in
Panama City vs Reykjavik
Pan vs Rkv

Average net salary (After tax)

Reykjavik
Panama City

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Rkv
Pan
Outside city centre
Rkv
Pan

Rent 3 bedroom apartment

Cost per month

In city centre
Rkv
Pan
Outside city centre
Rkv
Pan

Buy apartment

Price per m2

In city centre
Rkv
Pan
Outside city centre
Rkv
Pan

Mortgage rates

Reykjavik
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

Reykjavik
Panama City

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Rkv
Pan

Mobile phone data

Mobile Phone Monthly Plan with Calls and 10GB+ Data

Rkv
Pan

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Rkv
Pan

Monthly pass

Regular price

Rkv
Pan

Fuel prices

Per Litre

Reykjavik
Panama City

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Rkv
Pan
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Reykjavik
Panama City

Meat & cheese

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

Vegetables

Potatoes 1kg
Rkv
Pan
Lettuce 1 head
Rkv
Pan
Tomatoes 1kg
Rkv
Pan

Fruit

Apples 1kg
Rkv
Pan
Oranges 1 head
Rkv
Pan
Bananas 1kg
Rkv
Pan

Eating Out

  • Food
  • Drinks

Meal for two

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

McDonalds McMeal

Or equivalent combo meal

Reykjavik
4.5%
Panama City
5.5%

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

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Rkv
Pan
Market 0.5L bottle
Rkv
Pan

Imported beer

Restaurant 0.33L bottle
Rkv
Pan
Market 0.33L bottle
Rkv
Pan

Bottle of wine

Mid-range, from supermarket

Reykjavik
5
Panama City

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Rkv
Pan

Summer dress

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

Rkv
Pan

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Reykjavik
$15.33
Panama City
$11.43

Tennis court rental

One hour on weekend

Rkv $4,070.74/mth
Pan $4,070.74/mth

Fitness club

Monthly fee for one adult

Rkv $4,070.74/mth
Pan $4,070.74/mth