Statement:
In Panama the cost of living is lower than in Costa Rica

In the Cost of Living rating Panama holds position #67 2012 out of 90 and Costa Rica is #44 out of 90 2012.
Position of Panama is better than position of Costa Rica.
Both countries holds average positions in the "Cost of Living" rating. So Cost of Living Index is an average for both Panama and Costa Rica, compared to most countries of the World.

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 43.65
    Panama 'Cost of Living Index' value is 48.25
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 48.53
    Panama 'Cost of Living Index' value is 53.03
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 54.20
    Panama 'Cost of Living Index' value is 55.02
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 55.09
    Panama 'Cost of Living Index' value is 52.98
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 52.89
    Panama 'Cost of Living Index' value is 50.49
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 58.87
    Panama 'Cost of Living Index' value is 57.79
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 56.12
    Panama 'Cost of Living Index' value is 51.92
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 59.48
    Panama 'Cost of Living Index' value is 53.81
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 62.05
    Panama 'Cost of Living Index' value is 51.61
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 66.62
    Panama 'Cost of Living Index' value is 53.38
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Costa Rica 'Cost of Living Index' value is 68.43
    Panama 'Cost of Living Index' value is 54.02