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Money magazine
Insurer of the
Year 2017-21

prices shown in
Panama City vs Seoul
Pan vs Sel

Average net salary (After tax)

Seoul
Panama City

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Sel
Pan
Outside city centre
Sel
Pan

Rent 3 bedroom apartment

Cost per month

In city centre
Sel
Pan
Outside city centre
Sel
Pan

Buy apartment

Price per m2

In city centre
Sel
Pan
Outside city centre
Sel
Pan

Mortgage rates

Seoul
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

Seoul
Panama City

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Sel
Pan

Mobile phone data

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

Sel
Pan

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Sel
Pan

Monthly pass

Regular price

Sel
Pan

Fuel prices

Per Litre

Seoul
Panama City

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Sel
Pan
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Seoul
Panama City

Meat & cheese

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

Vegetables

Potatoes 1kg
Sel
Pan
Lettuce 1 head
Sel
Pan
Tomatoes 1kg
Sel
Pan

Fruit

Apples 1kg
Sel
Pan
Oranges 1 head
Sel
Pan
Bananas 1kg
Sel
Pan

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Seoul
4.5%
Panama City
5.5%

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

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Sel
Pan
Market 0.5L bottle
Sel
Pan

Imported beer

Restaurant 0.33L bottle
Sel
Pan
Market 0.33L bottle
Sel
Pan

Bottle of wine

Mid-range, from supermarket

Seoul
5
Panama City

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Sel
Pan

Summer dress

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

Sel
Pan

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Seoul
$15.33
Panama City
$11.43

Tennis court rental

One hour on weekend

Sel $4,070.74/mth
Pan $4,070.74/mth

Fitness club

Monthly fee for one adult

Sel $4,070.74/mth
Pan $4,070.74/mth