Compare purchasing power and cost of living
Compare your salary purchasing power across different countries.
Maintain current standard of living (1.0x)
Fill in the form to see the purchasing power comparison.
Many professionals considering moving from Panama to Israel often overlook the Purchasing Power Parity (PPP) difference. While a salary in Israel might look higher on paper, the cost of living could make it worth less.
Understanding the real value of your income is crucial when negotiating a remote salary or planning a relocation. This calculator helps you determine the equivalent salary you would need in Israel to maintain your current standard of living in Panama.
Based on PPP data, the price level in Israel is approximately 7.00x that of Panama. This means things are generally more expensive in Israel.
You are comparing PAB vs ILS. Exchange rates fluctuate daily, but PPP provides a more stable long-term view of economic value and living standards.