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Money magazine
Insurer of the
Year 2017-21

prices shown in
Panama City vs Singapore
Pan vs Sin

Average net salary (After tax)

Singapore
Panama City

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Sin
Pan
Outside city centre
Sin
Pan

Rent 3 bedroom apartment

Cost per month

In city centre
Sin
Pan
Outside city centre
Sin
Pan

Buy apartment

Price per m2

In city centre
Sin
Pan
Outside city centre
Sin
Pan

Mortgage rates

Singapore
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

Singapore
Panama City

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Sin
Pan

Mobile phone data

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

Sin
Pan

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Sin
Pan

Monthly pass

Regular price

Sin
Pan

Fuel prices

Per Litre

Singapore
Panama City

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Sin
Pan
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Singapore
Panama City

Meat & cheese

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

Vegetables

Potatoes 1kg
Sin
Pan
Lettuce 1 head
Sin
Pan
Tomatoes 1kg
Sin
Pan

Fruit

Apples 1kg
Sin
Pan
Oranges 1 head
Sin
Pan
Bananas 1kg
Sin
Pan

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Singapore
4.5%
Panama City
5.5%

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

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Sin
Pan
Market 0.5L bottle
Sin
Pan

Imported beer

Restaurant 0.33L bottle
Sin
Pan
Market 0.33L bottle
Sin
Pan

Bottle of wine

Mid-range, from supermarket

Singapore
5
Panama City

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Sin
Pan

Summer dress

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

Sin
Pan

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Singapore
$15.33
Panama City
$11.43

Tennis court rental

One hour on weekend

Sin $4,070.74/mth
Pan $4,070.74/mth

Fitness club

Monthly fee for one adult

Sin $4,070.74/mth
Pan $4,070.74/mth