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Money magazine
Insurer of the
Year 2017-21

prices shown in
Panama City vs Shanghai
Pan vs Sha

Average net salary (After tax)

Shanghai
Panama City

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Sha
Pan
Outside city centre
Sha
Pan

Rent 3 bedroom apartment

Cost per month

In city centre
Sha
Pan
Outside city centre
Sha
Pan

Buy apartment

Price per m2

In city centre
Sha
Pan
Outside city centre
Sha
Pan

Mortgage rates

Shanghai
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

Shanghai
Panama City

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Sha
Pan

Mobile phone data

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

Sha
Pan

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Sha
Pan

Monthly pass

Regular price

Sha
Pan

Fuel prices

Per Litre

Shanghai
Panama City

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Sha
Pan
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Shanghai
Panama City

Meat & cheese

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

Vegetables

Potatoes 1kg
Sha
Pan
Lettuce 1 head
Sha
Pan
Tomatoes 1kg
Sha
Pan

Fruit

Apples 1kg
Sha
Pan
Oranges 1 head
Sha
Pan
Bananas 1kg
Sha
Pan

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Shanghai
4.5%
Panama City
5.5%

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

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Sha
Pan
Market 0.5L bottle
Sha
Pan

Imported beer

Restaurant 0.33L bottle
Sha
Pan
Market 0.33L bottle
Sha
Pan

Bottle of wine

Mid-range, from supermarket

Shanghai
5
Panama City

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Sha
Pan

Summer dress

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

Sha
Pan

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Shanghai
$15.33
Panama City
$11.43

Tennis court rental

One hour on weekend

Sha $4,070.74/mth
Pan $4,070.74/mth

Fitness club

Monthly fee for one adult

Sha $4,070.74/mth
Pan $4,070.74/mth