Cost of living comparison

compared to

Panama City vs. Athens Cost of Living Summary

Panama City is 4.4% more expensive than Athens.

Restaurants: pay 4.1% more in Panama City
Groceries: pay 31.1% more in Panama City
Transportation: pay 9.0% less in Panama City
Housing: pay 31.8% more in Panama City
Childcare: pay 9.9% more in Panama City
Entertainment and Sports: pay 21.1% less in Panama City
Clothing: pay 16.3% less in Panama City

The cost of housing, groceries, childcare, and restaurants in Panama City are more expensive than in Athens. Expenses including entertainment and sports, clothing, and transportation are lower in Panama City.

Panama City vs. Athens Cost Breakdown

If you lived in Panama City instead of Athens, you would:

Display currency: USD

pay 4.1% more for restaurants

	Athens	Panama City
Basic meal with drink at inexpensive restaurant	$17.52 €15.11	$10.00 PAB10.00	-42.9%
Fast food combo meal McDonalds, or similar	$10.51 €9.06	$8.00 PAB8.00	-23.9%
Bottle of Coca-Cola (11 fl. oz)	$2.48 €2.14	$1.70 PAB1.70	-31.5%
Bottle of water (11 fl. oz)	$0.62 €0.54	$1.33 PAB1.33	+114.7%
Average			+4.1%

Athens vs. Panama City - Cost of restaurants

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pay 31.1% more for groceries

	Athens	Panama City
Bread 1 loaf	$1.39 €1.20	$2.56 PAB2.56	+84.5%
Local cheese (8 oz)	$7.54 €6.50	$5.81 PAB5.81	-22.9%
Milk (1 gallon)	$7.20 €6.21	$6.82 PAB6.82	-5.2%
Eggs 1 dozen	$4.70 €4.05	$2.84 PAB2.84	-39.5%
Boneless chicken breast (1 lb)	$4.85 €4.18	$3.29 PAB3.29	-32.1%
Apples (1 lb)	$1.03 €0.89	$1.65 PAB1.65	+60.2%
Bananas (1 lb)	$0.97 €0.84	$0.70 PAB0.70	-27.5%
Oranges (1 lb)	$0.71 €0.61	$1.40 PAB1.40	+97.9%
Tomatoes (1 lb)	$1.07 €0.92	$1.46 PAB1.46	+36.6%
Potatoes (1 lb)	$0.67 €0.58	$1.00 PAB1.00	+49.2%
Onions (1 lb)	$0.57 €0.49	$1.37 PAB1.37	+141.4%
Average			+31.1%

Athens vs. Panama City - Cost of groceries

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pay 9.0% less for transportation

	Athens	Panama City
Gasoline (1 gallon)	$7.94 €6.85	$3.44 PAB3.44	-56.7%
Monthly public transit pass	$35.04 €30.21	$22.50 PAB22.50	-35.8%
New Volkswagen Golf 1.4 (standard edition)	$29,198.27 €25,178.46	$19,750.00 PAB19,750.00	-32.4%
Taxi trip in downtown area (5 miles)	$14.02 €12.09	$26.50 PAB26.50	+89.1%
Average			-9.0%

Athens vs. Panama City - Cost of transportation

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pay 31.8% more for housing

	Athens	Panama City
Internet connection 50 mbps or faster, cable/dsl	$34.45 €29.71	$49.20 PAB49.20	+42.8%
1-Bedroom apartment in downtown area	$685.67 €591.27	$1,164.71 PAB1,164.71	+69.9%
1-Bedroom apartment outside city center	$609.10 €525.24	$953.85 PAB953.85	+56.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$165.77 €142.95	$95.90 PAB95.90	-42.1%
Average			+31.8%

Athens vs. Panama City - Cost of housing

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pay 9.9% more for childcare

	Athens	Panama City
Private preschool for 1 child, monthly	$566.82 €488.78	$476.00 PAB476.00	-16.0%
Middle school for 1 child, two semesters	$11,581.98 €9,987.46	$15,733.33 PAB15,733.33	+35.8%
Average			+9.9%

Athens vs. Panama City - Cost of childcare

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pay 21.1% less for entertainment and sports

	Athens	Panama City
Domestic/local beer (1 pint)	$5.84 €5.04	$3.00 PAB3.00	-48.6%
Cappuccino in mid-range area	$4.12 €3.55	$3.61 PAB3.61	-12.3%
Pack of cigarettes Marlboro or similar	$5.84 €5.04	$5.92 PAB5.92	+1.5%
Monthly membership at local gym	$56.30 €48.55	$43.86 PAB43.86	-22.1%
Movie ticket to theater/cinema	$10.51 €9.06	$8.00 PAB8.00	-23.9%
Average			-21.1%

Athens vs. Panama City - Cost of entertainment and sports

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pay 16.3% less for clothing

	Athens	Panama City
Regular jeans Levi's brand	$101.47 €87.50	$50.00 PAB50.00	-50.7%
Regular dress from H&M or similar store	$47.68 €41.11	$47.50 PAB47.50	-0.4%
Running shoes Nike or Adidas	$105.26 €90.77	$89.55 PAB89.55	-14.9%
Men's business shoes (leather)	$125.94 €108.60	$126.88 PAB126.88	+0.7%
Average			-16.3%

Athens vs. Panama City - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

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