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International Cost of Living Calculator

We provide international cost of living and hardship data so that you can create reports online (24X7) using any of the calculators:


Expat Salary: Salary purchasing power parity calculator, for simple cost of living comparison and international salary calculation (e.g. to compare a salary offer).


Cost of Living Comparison: Cost of living allowance calculator, compares cost of living and hardship and calculates a cost of living allowance based on the difference.


International Cost of Living Index: Cost of living index calculator, compares multiple locations to a home base (e.g. international offices compared to HQ).


International Assignment: International assignment management calculator, for global mobility managers who use the build-up approach for detailed international assignment salary and allowance calculations.

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Mobility Calculators

Do you need a Cost of Living Comparison Calculator?

The global cost of living calculators have been created to compare the cost of living in every country and major city in the world, to help you manage short and long term assignments (page down for a description of each cost of living calculator):

Cost of Living Allowance
Cost of Living Index
International Assignment Management
Salary Purchasing Power Parity
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Pricing

International Cost of Living Calculator Pricing


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Annual Subscription = $249 per location


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Location Rankings

Cost of Living Comparison by City and Country


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Most Expensive Location Rankings


Latest Basket Group Rankings


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Location Reviews

Cost of Living Review by City and Country

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Panama, Panama City
Overview

Panama, Panama CityPanama City is the capital and largest city of the Republic of Panama. Panama City has more than 80 banks, more than 15 of them being national. The city also boasts several tourist attractions, and is a stopover for other nearby destinations in the country as well as a tourist destination in its own right.

Panama is in Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica. Tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May). Interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills.

The official language is Spanish. In Panama City and Colón, most Panamanians speak English, which is widely used in business circles. The country's indigenous languages such as Kuna and Ngöbe-Buglé are well preserved and mainly spoken in rural areas. The main religion is Christianity.

The Economy of Panama is free market economy with a history of low inflation. It is based mainly on the services industry, heavily weighted toward banking, commerce, and tourism.

The population in Panama City is 1.3 Mil (2014 est.), while the inflation rate is 3.37% (2014 est.).


Cost Of Living

The cost of living for expatriates in Panama City as at 1 October 2014 is low in comparison to other places in the world.


In Panama City, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows:
1) Alcohol (where available) & Tobacco: Very Low
2) Clothing: Average
3) Communication: Very Low
4) Education: Very Low
5) Furniture & Appliances: High
6) Groceries: Low
7) Healthcare: Low
8) Household Accommodation: Average
9) Miscellaneous: Average
10) Personal Care: Low
11) Recreation & Culture: Low
12) Restaurants Meals Out and Hotels: Average
13) Transport: Very Low

Panama City is for example -7.4% cheaper than Montevideo for groceries, 0.5% more expensive for household costs than Durban, and -28.3% cheaper for transport costs than Athens.

Panama City is ranked as a some hardship location.


Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered.

The hardship premium for Panama City for an expat from Zurich is for example 10%, i.e. host location (Panama City) premium of 20% minus home (Zurich) location premium of 10%.

Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations.

Want to know more about cost of living, hardship or expat pay in Panama City? Register subscribe to your home location and Panama City and run your personalised reports.

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